Consolidated income statement
in CHF 1,000 | Note | 2020 | 2019 | Variance | Variance |
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Interest income from financial instruments |
| 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 | 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 | 139,980 | 137,166 | 2,814 | 2.1 | |
Income from trading activities | 56,632 | 60,985 | –4,353 | –7.1 | |
Income from financial instruments | 7,900 | 14,271 | –6,371 | –44.6 | |
Other income | 970 | 252 | 718 | 284.9 | |
Total operating income |
| 319,047 | 327,775 | –8,728 | –2.7 |
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Personnel expenses | 162,117 | 165,391 | –3,274 | –2.0 | |
General and administrative expenses | 58,864 | 56,298 | 2,566 | 4.6 | |
Depreciation of property, equipment and intangible assets | 28,763 | 29,343 | –580 | –2.0 | |
Credit loss expenses | 19,359 | –6,753 | 26,112 | 386.7 | |
Provisions and losses | 400 | 555 | –155 | –27.9 | |
Operating expenses |
| 269,503 | 244,834 | 24,669 | 10.1 |
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Earnings before income tax |
| 49,544 | 82,941 | –33,397 | –40.3 |
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Taxes on income | 7,922 | 9,398 | –1,476 | –15.7 | |
Group net income |
| 41,622 | 73,543 | –31,921 | –43.4 |
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Share information |
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Undiluted Group net income per registered share A | 6.90 | 12.28 |
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Undiluted Group net income per registered share B | 0.69 | 1.23 |
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Diluted Group net income per registered share A | 6.87 | 12.14 |
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Diluted Group net income per registered share B | 0.69 | 1.21 |
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