Segment reporting
The external segment reporting reflects the organisational structure of VP Bank Group as of 31 December 2021 and the internal reporting to management. These form the basis for assessing the financial performance of the segments and the allocation of resources to the segments.
Business segment reporting 2021 | ||||
in CHF 1,000 | Intermediaries & | Client | Corporate | Total |
|---|---|---|---|---|
Total net interest income | 96,461 | 516 | 13,012 | 109,989 |
Total net income from commission | 133,653 | 32,132 | –9,310 | 156,475 |
Income from trading activities | 31,721 | 2,401 | 15,884 | 50,006 |
Income from financial instruments | 0 | 330 | 11,122 | 11,452 |
Other income | 779 | 137 | 1,028 | 1,944 |
Total operating income | 262,614 | 35,515 | 31,736 | 329,866 |
Personnel expenses | 68,801 | 13,709 | 91,492 | 174,001 |
General and administrative expenses | 8,003 | 6,155 | 48,204 | 62,362 |
Depreciation of property, equipment and intangible assets | 6,255 | 588 | 29,540 | 36,383 |
Credit loss expenses | –1,637 | –4 | –8 | –1,649 |
Provisions and losses | 1,001 | 4 | 8 | 1,014 |
Services to/from other segments | 58,398 | 2,952 | –61,350 | 0 |
Operating expenses | 140,820 | 23,404 | 107,887 | 272,111 |
Earnings before income tax | 121,794 | 12,112 | –76,151 | 57,755 |
Taxes on income |
|
|
| 7,117 |
Group net income |
|
|
| 50,638 |
|
|
|
|
|
Segment assets (in CHF million) | 6,202 | 15 | 6,980 | 13,196 |
Segment liabilities (in CHF million) | 10,809 | 832 | 469 | 12,111 |
Client assets under management (in CHF billion)1 | 39.6 | 11.6 | 0.0 | 51.3 |
Net new money (in CHF billion) | 0.8 | –0.5 | 0.0 | 0.3 |
Headcount (number of employees) | 384 | 90 | 538 | 1,012 |
Headcount (expressed as full-time equivalents) | 360.0 | 85.9 | 492.6 | 938.5 |
|
|
|
|
|
The recharging of costs and revenues between the business units takes place on the basis of internal transfer prices, actual recharges or prevailing market conditions. Recharged costs within the segments are subject to an annual review and are amended to reflect new economic conditions, where necessary. | ||||
- Calculation in accordance with Table P of the Guidelines to the Liechtenstein Banking Ordinance issued by the Government of Liechtenstein (FL-BankO).
Business segment reporting 2020 | ||||
in CHF 1,000 | Intermediaries & | Client | Corporate | Total |
|---|---|---|---|---|
Total net interest income | 101,345 | 1,677 | 10,543 | 113,565 |
Total net income from commission | 119,353 | 31,254 | –10,628 | 139,980 |
Income from trading activities | 31,808 | 2,479 | 22,346 | 56,632 |
Income from financial instruments | 0 | 0 | 7,900 | 7,900 |
Other income | 32 | 323 | 615 | 970 |
Total operating income | 252,538 | 35,733 | 30,776 | 319,047 |
Personnel expenses | 64,303 | 10,960 | 86,854 | 162,117 |
General and administrative expenses | 7,816 | 4,973 | 46,075 | 58,864 |
Depreciation of property, equipment and intangible assets | 5,584 | 527 | 22,652 | 28,763 |
Credit loss expenses | 19,416 | –30 | –27 | 19,359 |
Provisions and losses | 393 | 4 | 3 | 400 |
Services to/from other segments | 55,074 | 2,421 | –57,495 | 0 |
Operating expenses | 152,585 | 18,855 | 98,063 | 269,503 |
Earnings before income tax | 99,953 | 16,878 | –67,287 | 49,544 |
Taxes on income |
|
|
| 7,922 |
Group net income |
|
|
| 41,622 |
|
|
|
|
|
Segment assets (in CHF million) | 6,213 | 65 | 7,245 | 13,523 |
Segment liabilities (in CHF million) | 9,808 | 898 | 1,792 | 12,498 |
Client assets under management (in CHF billion)1 | 36.0 | 11.5 | 0.0 | 47.4 |
Net new money (in CHF billion) | 0.8 | 0.5 | 0.0 | 1.4 |
Headcount (number of employees) | 356 | 81 | 553 | 990 |
Headcount (expressed as full-time equivalents) | 334.2 | 75.3 | 507.5 | 917.1 |
|
|
|
|
|
The recharging of costs and revenues between the business units takes place on the basis of internal transfer prices, actual recharges or prevailing market conditions. Recharged costs within the segments are subject to an annual review and are amended to reflect new economic conditions, where necessary. | ||||
- Calculation in accordance with Table P of the Guidelines to the Liechtenstein Banking Ordinance issued by the Government of Liechtenstein (FL-BankO).
Geographic segment reporting |
|
|
|
|
in CHF 1,000 | Liechtenstein | Rest of | Other | Total |
|---|---|---|---|---|
2021 |
|
|
|
|
Total operating income | 204,195 | 96,458 | 29,213 | 329,866 |
Total assets (in CHF million) | 10,247 | 1,959 | 990 | 13,196 |
|
|
|
|
|
2020 |
|
|
|
|
Total operating income | 207,339 | 78,992 | 32,716 | 319,047 |
Total assets (in CHF million) | 10,631 | 1,896 | 996 | 13,523 |
|
|
|
|
|
Segment reporting follows the principle of branch accounting. | ||||