Segment reporting

in CHF 1,000	Client Business Liechtenstein	Client Business International	Corporate Center	Total Group
Business segment reporting 2017
Total net interest income	74,227	29,978	230	104,435
Total net income from commission business and services	90,612	37,131	–3,867	123,876
Income from trading activities	20,059	8,361	21,824	50,244
Income from financial instruments	8	78	19,132	19,218
Other income	0	2,527	–198	2,329
Total operating income	184,906	78,075	37,121	300,102
Personnel expenses	35,216	41,361	58,213	134,790
General and administrative expenses	3,744	22,329	31,725	57,798
Depreciation of property, equipment and intangible assets	3,430	3,163	16,971	23,564
Valuation allowances, provisions and losses1	–1,000	4,074	10,534	13,608
Services to/from other segments	39,689	0	–39,689	0
Operating expenses	81,079	70,927	77,754	229,760
Earnings before income tax	103,827	7,148	–40,633	70,342
Taxes on income				4,572
Group net income				65,770

Segment assets (in CHF million)	4,151	4,111	4,516	12,778
Segment liabilities (in CHF million)	7,301	3,434	1,048	11,784
Client assets under management (in CHF billion)2	26.7	13.7	0.0	40.4
Net new money (in CHF billion)	0.4	1.5	0.0	1.9
Headcount (number of employees)	195	279	387	861
Headcount (expressed as full-time equivalents)	183.4	262.2	353.9	799.5

The provision for a single payment of CHF 10.9 million which is to be made to the German authorities as part of an agreement is shown in corporate center.
Calculation in accordance with Table P of the Guidelines to the Liechtenstein Banking Ordinance issued by the Government of Liechtenstein (FL-BankO).

in CHF 1,000	Client Business Liechtenstein	Client Business International	Corporate Center	Total Group
Business segment reporting 2016
Total net interest income	67,609	24,936	9,827	102,372
Total net income from commission business and services	90,176	33,878	–5,265	118,789
Income from trading activities	20,267	6,565	17,664	44,496
Income from financial instruments	10	396	7,240	7,646
Other income	0	1,078	–1,149	–71
Total operating income	178,062	66,853	28,317	273,232
Personnel expenses	33,768	39,000	62,561	135,329
General and administrative expenses	3,292	21,544	26,839	51,675
Depreciation of property, equipment and intangible assets	3,682	3,336	15,393	22,411
Valuation allowances, provisions and losses	2,270	716	–218	2,768
Services to/from other segments	40,389	0	–40,389	0
Operating expenses	83,401	64,596	64,186	212,183
Earnings before income tax	94,661	2,257	–35,869	61,049
Taxes on income				3,063
Group net income				57,986

Segment assets (in CHF million)	4,108	3,581	4,106	11,794
Segment liabilities (in CHF million)	7,160	3,048	649	10,857
Client assets under management (in CHF billion)1	24.6	11.2	0.0	35.8
Net new money (in CHF billion)	–0.2	0.2	0.0	0.0
Headcount (number of employees)	185	248	371	804
Headcount (expressed as full-time equivalents)	174.1	233.2	331.0	738.3

Calculation in accordance with Table P of the Guidelines to the Liechtenstein Banking Ordinance issued by the Government of Liechtenstein (FL-BankO).

The recharging of costs and revenues between the business units takes place on the basis of internal transfer prices, actual recharges or on prevailing market conditions. Recharged costs within the segments are subject to an annual review and are amended to reflect new economic conditions, where necessary.

in CHF 1,000	Liechtenstein and Switzerland	Rest of Europe	Other countries	Total Group
Geographic segment reporting
2017
Total operating income	258,889	20,720	20,493	300,102
Total assets	11,590	727	462	12,778

2016
Total operating income	233,836	20,709	18,687	273,232
Total assets	10,913	463	418	11,794

Segment reporting follows the principle of branch accounting.

Segment reporting

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