Consolidated income statement

in CHF 1,000

Note

2020

2019

Variance
absolute

Variance
in %

Interest income from financial instruments
at amortised cost

 

122,086

155,370

–33,284

–21.4

Other interest income

 

17,052

17,970

–918

–5.1

Interest expense using the effective interest method

 

25,573

58,239

–32,666

–56.1

Total net interest income

1/32

113,565

115,101

–1,536

–1.3

Commission income

 

184,503

186,653

–2,150

–1.2

Commission expenses

 

44,523

49,487

–4,964

–10.0

Total net income from commission 
business and services

2

139,980

137,166

2,814

2.1

Income from trading activities

3

56,632

60,985

–4,353

–7.1

Income from financial instruments

4

7,900

14,271

–6,371

–44.6

Other income

5

970

252

718

284.9

Total operating income

 

319,047

327,775

–8,728

–2.7

 

 

 

 

 

 

Personnel expenses

6

162,117

165,391

–3,274

–2.0

General and administrative expenses

7

58,864

56,298

2,566

4.6

Depreciation of property, equipment and intangible assets

8

28,763

29,343

–580

–2.0

Credit loss expenses

9

19,359

–6,753

26,112

386.7

Provisions and losses

9

400

555

–155

–27.9

Operating expenses

 

269,503

244,834

24,669

10.1

 

 

 

 

 

 

Earnings before income tax

 

49,544

82,941

–33,397

–40.3

 

 

 

 

 

 

Taxes on income

10a

7,922

9,398

–1,476

–15.7

Group net income

 

41,622

73,543

–31,921

–43.4

 

 

 

 

 

 

 

 

 

 

 

 

Share information

 

 

 

 

 

Undiluted Group net income per registered share A

11

6.90

12.28

 

 

Undiluted Group net income per registered share B

11

0.69

1.23

 

 

 

 

 

 

 

 

Diluted Group net income per registered share A

11

6.87

12.14

 

 

Diluted Group net income per registered share B

11

0.69

1.21