Segment reporting

in CHF 1,000	Client Business	Client Business	Corporate Center	Total Group
Business segment reporting 2018
	Liechtenstein	International
Total net interest income	78,876	39,340	–7,239	110,977
Total net income from commission business and services	91,261	39,015	–6,004	124,272
Income from trading activities	18,734	8,968	27,282	54,984
Income from financial instruments	0	86	–1,732	–1,646
Other income	100	2,490	–339	2,251
Total operating income	188,971	89,899	11,968	290,838
Personnel expenses	34,383	54,313	68,988	157,684
General and administrative expenses	4,538	30,555	27,776	62,869
Depreciation of property, equipment and intangible assets	4,838	3,311	16,968	25,117
Valuation allowances, provisions and losses	–2,858	–11,062	557	–13,363
Services to/from other segments	41,888		–41,888	0
Operating expenses	82,789	77,117	72,401	232,307
Earnings before income tax	106,182	12,782	–60,433	58,531
Taxes on income				3,814
Group net income				54,717

Segment assets (in CHF million)	4,112	4,761	3,556	12,428
Segment liabilities (in CHF million)	6,961	4,102	384	11,447
Client assets under management (in CHF billion)1	25.0	16.5	0.0	41.5
Net new money (in CHF billion)	–0.2	3.4	0.0	3.2
Headcount (number of employees)	197	330	407	933
Headcount (expressed as full-time equivalents)	183.3	313.3	371.9	868.4

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	Client Business	Corporate Center	Total Group
Business segment reporting 2017
	Liechtenstein	International
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).

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
2018
Total operating income	254,311	14,604	21,923	290,838
Total assets	10,768	913	747	12,428

2017
Total operating income	258,889	20,720	20,493	300,102
Total assets	11,590	727	462	12,778

Segment reporting follows the principle of branch accounting.

Segment reporting

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