Income statement
in CHF 1,000 | 2018 | 2017 | Variance | Variance |
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Art. 24c FL-BankO |
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| absolute | in % |
Interest income | 85,435 | 70,143 | 15,292 | 21.8 |
of which from interest-bearing securities | 26,063 | 21,294 | 4,769 | 22.4 |
of which from trading transactions | 0 | 0 | 0 | –100.0 |
Interest expense | 42,746 | 19,260 | 23,486 | 121.9 |
Net interest income | 42,689 | 50,883 | –8,194 | –16.1 |
Current income from securities | 6,944 | 8,873 | –1,929 | –21.7 |
shares and other non-interest-bearing securities | 4,942 | 3,966 | 976 | 24.6 |
of which from trading transactions | 0 | 0 | 0 | 0.0 |
participations | 2 | 2 | 0 | –4.1 |
shares in affiliated companies | 2,000 | 4,905 | –2,905 | –59.2 |
Income from commission business and services | 91,804 | 96,797 | –4,993 | –5.2 |
commission income from credit business | 984 | 585 | 399 | 68.2 |
commission income from securities and investment business | 77,370 | 81,735 | –4,365 | –5.3 |
commission income from other services | 13,450 | 14,477 | –1,027 | –7.1 |
Commission expenses | 13,838 | 17,854 | –4,016 | –22.5 |
Net income from commission business and services | 77,966 | 78,943 | –977 | –1.2 |
Income from financial transactions | 63,102 | 72,865 | –9,763 | –13.4 |
of which from trading transactions | 77,455 | 68,959 | 8,496 | 12.3 |
Other ordinary income | 5,881 | 3,973 | 1,908 | 48.1 |
income from real estate | 162 | 158 | 4 | 2.3 |
other ordinary income | 5,719 | 3,815 | 1,904 | 50.0 |
Total net operating income | 196,582 | 215,537 | –18,955 | –8.8 |
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Operating expenses | 152,597 | 135,869 | 16,728 | 12.3 |
personnel expenses | 112,300 | 97,616 | 14,684 | 15.0 |
general and administrative expenses | 40,297 | 38,253 | 2,044 | 5.3 |
Gross income | 43,985 | 79,668 | –35,683 | –44.8 |
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Depreciation and amortisation of intangible assets and | 18,591 | 17,068 | 1,523 | 8.9 |
Other ordinary expenses | 2,164 | 389 | 1,775 | 455.5 |
Valuation allowances on receivables and increases in provisions | 6,496 | 16,676 | –10,180 | –61.0 |
Income from release of valuation allowances on receivables and | 31,988 | 9,440 | 22,548 | 238.8 |
Write-offs on participations, shares in affiliated companies and | 9,654 | 0 | 9,654 | n.a. |
Gains from appreciations on participations, shares in affiliated companies | 0 | 0 | 0 | 0.0 |
Income from normal business operations | 39,068 | 54,975 | –15,907 | –28.9 |
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Extraordinary income | 0 | 0 | 0 | 0.0 |
Extraordinary expenses | 1 | 0 | 1 | n.a. |
Taxes on income | 4,543 | 5,771 | –1,228 | –21.3 |
Other taxes if not included in above items | 406 | 0 | 406 | n.a. |
Net income for the year | 34,118 | 49,204 | –15,086 | –30.7 |
Appropriation of profit
in CHF 1,000 | 2018 | 2017 | Variance | Variance |
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Art. 24c FL-BankO |
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| absolute | in % |
Net income for the year | 34,118 | 49,204 | –15,086 | –30.7 |
Retained earnings brought forward | 99,897 | 87,078 | 12,819 | 14.7 |
Retained earnings | 134,015 | 136,282 | –2,267 | –1.7 |
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Appropriation of profit |
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Appropriation to other reserves | 0 | 0 | 0 | 0.0 |
Distribution on the basis of company capital | 36,385 | 36,385 | 0 | 0.0 |
Other appropriation of profit | 0 | 0 | 0 | 0.0 |
Retained earnings to be carried forward | 97,630 | 99,897 | –2,267 | –2.3 |
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The Board of Directors proposes that the profit be distributed | ||||
At the disposal of the annual general meeting | 134,014,966.99 |
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Distribution of a dividend of | 36,384,791.85 |
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Other appropriation of profit | 0.00 |
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Retained earnings to be carried forward | 97,630,175.14 |
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