Income statement

in CHF 1,000	2019	2018	Variance	Variance
Art. 24c FL-BankO			absolute	in %
Interest income	108,800	85,435	23,365	27.3
of which from interest-bearing securities	30,705	26,063	4,642	17.8
of which from trading transactions	0	0	0	–100.0
Interest expense	53,391	42,746	10,645	24.9
Net interest income	55,409	42,689	12,720	29.8
Current income from securities	13,904	6,944	6,960	100.2
shares and other non-interest-bearing securities	6,369	4,942	1,427	28.9
of which from trading transactions	0	0	0	0.0
participations	6	2	4	205.7
shares in affiliated companies	7,529	2,000	5,529	276.4
Income from commission business and services	95,847	91,804	4,043	4.4
commission income from credit business	969	984	–15	–1.4
commission income from securities and investment business	82,405	77,370	5,035	6.5
commission income from other services	12,473	13,450	–977	–7.3
Commission expenses	15,627	13,838	1,789	12.9
Net income from commission business and services	80,220	77,966	2,254	2.9
Income from financial transactions	101,588	63,102	38,486	61.0
of which from trading transactions	69,727	77,455	–7,728	–10.0
Other ordinary income	3,782	5,881	–2,099	–35.7
income from real estate	196	162	34	20.6
other ordinary income	3,586	5,719	–2,133	–37.3
Total net operating income	254,903	196,582	58,321	29.7

Operating expenses	170,057	152,597	17,460	11.4
personnel expenses	127,543	112,300	15,243	13.6
general and administrative expenses	42,514	40,297	2,217	5.5
Gross income	84,846	43,985	40,861	92.9

Depreciation and amortisation of intangible assets and property and equipment	19,299	18,591	708	3.8
Other ordinary expenses	995	2,164	–1,169	–54.0
Valuation allowances on receivables and increases in provisions for contingent liabilities and credit risks	3,289	6,496	–3,207	–49.4
Income from release of valuation allowances on receivables and from the release of provisions for contingent liabilities and credit risks	3,539	31,988	–28,449	–88.9
Write-offs on participations, shares in affiliated companies and securities dealt with as non-current assets	0	9,654	–9,654	–100.0
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	64,802	39,068	25,734	65.9

Extraordinary income	0	0	0	0.0
Extraordinary expenses	0	1	–1	–100.0
Taxes on income	5,015	4,543	472	10.4
Other taxes if not included in above items	663	406	257	63.2
Net income for the year	59,124	34,118	25,006	73.3

Appropriation of profit

in CHF 1,000	2019	2018	Variance	Variance
Art. 24c FL-BankO			absolute	in %
Net income for the year	59,124	34,118	25,006	73.3
Retained earnings brought forward	97,630	99,897	–2,267	–2.3
Retained earnings	156,755	134,015	22,740	17.0

Appropriation of profit
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	120,370	97,630	22,740	23.3



The Board of Directors proposes that the profit be distributed as follows (in CHF):
At the disposal of the annual general meeting	156,754,654.45
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	120,369,862.60

Income statement

Appropriation of profit

Sie haben noch nicht das Richtige gefunden?

You have not found what you were looking for?