Income statement
in CHF 1,000 | 2020 | 2019 | Variance | Variance |
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Art. 24c FL-BankO |
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| absolute | in % |
Interest income | 81,999 | 108,800 | –26,801 | –24.6 |
of which from interest-bearing securities | 26,022 | 30,705 | –4,683 | –15.3 |
of which from trading transactions | 0 | 0 | 0 | n.a. |
Interest expense | 18,885 | 53,391 | –34,506 | –64.6 |
Net interest income | 63,114 | 55,409 | 7,705 | 13.9 |
Current income from securities | 15,002 | 13,904 | 1,098 | 7.9 |
shares and other non-interest-bearing securities | 4,722 | 6,369 | –1,647 | –25.9 |
of which from trading transactions | 0 | 0 | 0 | 0.0 |
participations | 2 | 6 | –4 | –72.0 |
shares in affiliated companies | 10,278 | 7,529 | 2,749 | 36.5 |
Income from commission business and services | 91,873 | 95,847 | –3,974 | –4.1 |
commission income from credit business | 848 | 969 | –121 | –12.5 |
commission income from securities and investment business | 79,862 | 82,405 | –2,543 | –3.1 |
commission income from other services | 11,163 | 12,473 | –1,310 | –10.5 |
Commission expenses | 14,817 | 15,627 | –810 | –5.2 |
Net income from commission business and services | 77,056 | 80,220 | –3,164 | –3.9 |
Income from financial transactions | 52,339 | 101,588 | –49,249 | –48.5 |
of which from trading transactions | 62,466 | 69,727 | –7,261 | –10.4 |
Other ordinary income | 20,266 | 3,782 | 16,484 | 436.0 |
income from real estate | 223 | 196 | 27 | 13.9 |
other ordinary income | 20,043 | 3,586 | 16,457 | 459.0 |
Total net operating income | 227,777 | 254,903 | –27,126 | –10.6 |
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Operating expenses | 156,211 | 170,057 | –13,846 | –8.1 |
personnel expenses | 109,682 | 127,543 | –17,861 | –14.0 |
general and administrative expenses | 46,529 | 42,514 | 4,015 | 9.4 |
Gross income | 71,566 | 84,846 | –13,280 | –15.7 |
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Depreciation and amortisation of intangible assets and | 18,004 | 19,299 | –1,295 | –6.7 |
Other ordinary expenses | 6,437 | 995 | 5,442 | n.a. |
Valuation allowances on receivables and increases in provisions | 3,000 | 3,289 | –289 | –8.8 |
Income from release of valuation allowances on receivables and | 3,762 | 3,539 | 223 | 6.3 |
Write-offs on participations, shares in affiliated companies and | 2,795 | 0 | 2,795 | n.a. |
Gains from appreciations on participations, shares in affiliated companies | 0 | 0 | 0 | 0.0 |
Income from normal business operations | 45,092 | 64,802 | –19,710 | –30.4 |
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Extraordinary income | 0 | 0 | 0 | 0.0 |
Extraordinary expenses | 0 | 0 | 0 | 0.0 |
Taxes on income | 5,023 | 5,015 | 8 | 0.2 |
Other taxes if not included in above items | 510 | 663 | –153 | –23.1 |
Net income for the year | 39,559 | 59,124 | –19,565 | –33.1 |
Appropriation of profit
in CHF 1,000 | 2020 | 2019 | Variance | Variance |
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Art. 24c FL-BankO |
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| absolute | in % |
Net income for the year | 39,559 | 59,124 | –19,565 | –33.1 |
Retained earnings brought forward | 120,370 | 97,630 | 22,740 | 23.3 |
Retained earnings | 159,929 | 156,755 | 3,174 | 2.0 |
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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 | 26,462 | 36,385 | –9,923 | –27.3 |
Other appropriation of profit | 0 | 0 | 0 | 0.0 |
Retained earnings to be carried forward | 133,467 | 120,370 | 13,097 | 10.9 |
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The Board of Directors proposes that the profit be distributed |
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At the disposal of the annual general meeting | 159,928,854.41 |
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Distribution of a dividend of | 26,461,666.80 |
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Other appropriation of profit | 0.00 |
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Retained earnings to be carried forward | 133,467,187.61 |
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