In­come state­ment

in CHF 1,000

2017

2016

Vari­ance

Vari­ance

Art. 24c FL-BankO

 

 

ab­solute

in %

In­ter­est in­come

70,143

64,348

5,795

9.0

of which from in­ter­est-bear­ing se­cu­ri­ties

21,294

20,961

333

1.6

of which from trad­ing trans­ac­tions

0

25

–25

–99.3

In­ter­est ex­pense

19,260

8,904

10,356

116.3

Net in­ter­est in­come

50,883

55,444

–4,561

–8.2

Cur­rent in­come from se­cu­ri­ties

8,873

7,566

1,307

17.3

shares and other non-in­ter­est-bear­ing se­cu­ri­ties

3,966

3,336

630

18.9

of which from trad­ing trans­ac­tions

0

0

0

0.0

par­tic­i­pa­tions

2

2

0

0.0

shares in af­fil­i­ated com­pa­nies

4,905

4,228

677

16.0

In­come from com­mis­sion busi­ness and ser­vices

96,797

94,370

2,427

2.6

com­mis­sion in­come from credit busi­ness

585

450

135

30.1

com­mis­sion in­come from se­cu­ri­ties and in­vest­ment busi­ness

81,735

79,694

2,041

2.6

com­mis­sion in­come from other ser­vices

14,477

14,226

251

1.8

Com­mis­sion ex­pense

17,854

16,831

1,023

6.1

Net in­come from com­mis­sion busi­ness and ser­vices

78,943

77,539

1,404

1.8

In­come from fi­nan­cial trans­ac­tions

72,865

61,513

11,352

18.5

of which from trad­ing trans­ac­tions

68,959

61,760

7,199

11.7

Other or­di­nary in­come

3,973

3,489

484

13.9

in­come from real es­tate

158

176

–18

–9.8

other or­di­nary in­come

3,815

3,313

502

15.1

To­tal net op­er­at­ing in­come

215,537

205,551

9,986

4.9

 

 

 

 

 

Op­er­at­ing ex­penses

135,869

122,677

13,192

10.8

per­son­nel ex­penses

97,616

89,516

8,100

9.0

gen­eral and ad­min­is­tra­tive ex­penses

38,253

33,161

5,092

15.4

Gross in­come

79,668

82,874

–3,206

–3.9

 

 

 

 

 

De­pre­ci­a­tion and amor­ti­sa­tion of in­tan­gi­ble as­sets and
prop­erty and equip­ment

17,068

14,035

3,033

21.6

Other or­di­nary ex­penses

389

1,552

–1,163

–74.9

Val­u­a­tion al­lowances on re­ceiv­ables and in­creases in pro­vi­sions
for con­tin­gent li­a­bil­i­ties and credit risks

16,676

5,652

11,024

195.0

In­come from re­lease of val­u­a­tion al­lowances on re­ceiv­ables and
from the re­lease of pro­vi­sions for con­tin­gent li­a­bil­i­ties and credit risks

9,440

10,404

–964

–9.3

Write-offs on par­tic­i­pa­tions, shares in af­fil­i­ated com­pa­nies and
se­cu­ri­ties dealt with as non-cur­rent as­sets

0

0

0

0.0

Gains from ap­pre­ci­a­tions on par­tic­i­pa­tions, shares in af­fil­i­ated com­pa­nies
and se­cu­ri­ties dealt with as non-cur­rent as­sets

0

0

0

0.0

In­come from nor­mal busi­ness op­er­a­tions

54,975

72,039

–17,064

–23.7

 

 

 

 

 

Ex­tra­or­di­nary in­come

0

1

–1

–100.0

Ex­tra­or­di­nary ex­penses

0

0

0

0.0

Taxes on in­come

5,771

4,057

1,714

42.3

Other taxes if not in­cluded in above items

0

3

–3

–100.0

Net in­come for the year

49,204

67,980

–18,776

–27.6

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Appropriation of profit

in CHF 1,000

2017

2016

Vari­ance

Vari­ance

Art. 24c FL-BankO

 

 

ab­solute

in %

Net in­come for the year

49,204

67,980

–18,776

–27.6

Re­tained earn­ings brought for­ward

87,078

50,868

36,210

71.2

Re­tained earn­ings

136,282

118,847

17,435

14.7

 

 

 

 

 

Ap­pro­pri­a­tion of profit

 

 

 

 

Ap­pro­pri­a­tion to other re­serves

0

0

0

0.0

Dis­tri­b­u­tion on the ba­sis of com­pany cap­i­tal

36,385

29,769

6,616

22.2

Other ap­pro­pri­a­tion of profit

0

2,000

–2,000

–100.0

Re­tained earn­ings to be car­ried for­ward

99,897

87,078

12,819

14.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Board of Di­rec­tors pro­poses that the profit be dis­trib­uted
as fol­lows:

At the dis­posal of the an­nual gen­eral meet­ing

136,281,687.12

 

 

 

Dis­tri­b­u­tion of a div­i­dend of
CHF 5.50 per reg­is­tered share A
CHF 0.55 per reg­is­tered share B

36,384,791.85

 

 

 

Other ap­pro­pri­a­tion of profit

0.00

 

 

 

Re­tained earn­ings to be car­ried for­ward

99,896,895.27

 

 

 

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