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