Income statement

in CHF 1,000

2021

2020

Variance

Variance

 

 

 

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

 

 

 

 

 

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

 

 

 

 

 

Depreciation and amortisation of intangible assets and
property and equipment

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
for contingent liabilities and credit risks

1,560

3,000

–1,440

–48.0

Income from release of valuation allowances on receivables and
from the release of provisions for contingent liabilities and credit risks

1,783

3,762

–1,979

–52.6

Write-offs on participations, shares in affiliated companies and
securities dealt with as non-current assets

0

2,795

–2,795

–100.0

Gains from appreciations on participations, shares in affiliated companies
and securities dealt with as non-current assets

0

0

0

0.0

Income from normal business operations

29,786

45,092

–15,306

–33.9

 

 

 

 

 

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