Consolidated income statement
in CHF 1,000 | Note | 2018 | 2017 | Variance | Variance |
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Interest income |
| 162,961 | 138,560 | 24,401 | 17.6 |
Interest expense |
| 51,984 | 34,125 | 17,859 | 52.3 |
Total net interest income | 110,977 | 104,435 | 6,542 | 6.3 | |
Commission income |
| 171,243 | 181,047 | –9,804 | –5.4 |
Commission expenses |
| 46,971 | 57,171 | –10,200 | –17.8 |
Total net income from commission | 124,272 | 123,876 | 396 | 0.3 | |
Income from trading activities | 54,984 | 50,244 | 4,740 | 9.4 | |
Income from financial instruments | –1,646 | 19,218 | –20,864 | –108.6 | |
Other income | 2,251 | 2,329 | –78 | –3.3 | |
Total operating income |
| 290,838 | 300,102 | –9,264 | –3.1 |
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Personnel expenses | 157,684 | 134,790 | 22,894 | 17.0 | |
General and administrative expenses | 62,869 | 57,798 | 5,071 | 8.8 | |
Depreciation of property, equipment and intangible assets | 25,117 | 23,564 | 1,553 | 6.6 | |
Credit loss expenses | –12,659 | 1,976 | –14,635 | n.a. | |
Provisions and losses | –704 | 11,632 | –12,336 | –106.1 | |
Operating expenses |
| 232,307 | 229,760 | 2,547 | 1.1 |
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Earnings before income tax |
| 58,531 | 70,342 | –11,811 | –16.8 |
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Taxes on income | 3,814 | 4,572 | –758 | –16.6 | |
Group net income |
| 54,717 | 65,770 | –11,053 | –16.8 |
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Share information |
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Undiluted group net income per registered share A |
| 9.04 | 10.89 |
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Undiluted group net income per registered share B |
| 0.90 | 1.09 |
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Diluted group net income per registered share A |
| 9.04 | 10.89 |
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Diluted group net income per registered share B |
| 0.90 | 1.09 |
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