Income statement
in CHF 1,000 | 2021 | 2020 | Variance | Variance |
|---|---|---|---|---|
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| absolute | in % |
Interest income | 73,217 | 81,999 | –8,782 | –10.7 |
of which from interest-bearing securities | 25,251 | 26,022 | –771 | –3.0 |
of which from trading transactions | 183 | 0 | 183 | n.a. |
Interest expense | 6,121 | 18,885 | –12,764 | –67.6 |
Net interest income | 67,096 | 63,114 | 3,982 | 6.3 |
Current income from securities | 14,721 | 15,002 | –281 | –1.9 |
shares and other non-interest-bearing securities | 7,360 | 4,722 | 2,638 | 55.9 |
of which from trading transactions | 0 | 0 | 0 | 0.0 |
participations | 1 | 2 | –1 | –28.3 |
shares in affiliated companies | 7,360 | 10,278 | –2,918 | –28.4 |
Income from commission business and services | 98,220 | 91,873 | 6,347 | 6.9 |
commission income from credit business | 710 | 848 | –138 | –16.2 |
commission income from securities and investment business | 84,684 | 79,862 | 4,822 | 6.0 |
commission income from other services | 12,826 | 11,163 | 1,663 | 14.9 |
Commission expenses | 16,227 | 14,817 | 1,410 | 9.5 |
Net income from commission business and services | 81,993 | 77,056 | 4,937 | 6.4 |
Income from financial transactions | 41,064 | 52,339 | –11,275 | –21.5 |
of which from trading transactions | 48,935 | 62,466 | –13,531 | –21.7 |
Other ordinary income | 12,006 | 20,266 | –8,260 | –40.8 |
income from real estate | 180 | 223 | –43 | –19.1 |
other ordinary income | 11,826 | 20,043 | –8,217 | –41.0 |
Total net operating income | 216,880 | 227,777 | –10,897 | –4.8 |
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Operating expenses | 163,203 | 156,211 | 6,992 | 4.5 |
personnel expenses | 115,035 | 109,682 | 5,353 | 4.9 |
general and administrative expenses | 48,168 | 46,529 | 1,639 | 3.5 |
Gross income | 53,677 | 71,566 | –17,889 | –25.0 |
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Depreciation and amortisation of intangible assets and | 20,004 | 18,004 | 2,000 | 11.1 |
Other ordinary expenses | 4,110 | 6,437 | –2,327 | –36.1 |
Valuation allowances on receivables and increases in provisions | 1,560 | 3,000 | –1,440 | –48.0 |
Income from release of valuation allowances on receivables and | 1,783 | 3,762 | –1,979 | –52.6 |
Write-offs on participations, shares in affiliated companies and | 0 | 2,795 | –2,795 | –100.0 |
Gains from appreciations on participations, shares in affiliated companies | 0 | 0 | 0 | 0.0 |
Income from normal business operations | 29,786 | 45,092 | –15,306 | –33.9 |
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Extraordinary income | 0 | 0 | 0 | 0.0 |
Extraordinary expenses | 0 | 0 | 0 | 0.0 |
Taxes on income | 3,632 | 5,023 | –1,391 | –27.7 |
Other taxes if not included in above items | 885 | 510 | 375 | 73.7 |
Net income for the year | 25,269 | 39,559 | –14,290 | –36.1 |