Balance sheet

Assets

in CHF 1,000	31.12.2022	31.12.20211	Variance	Variance
			absolute	in %
Cash and cash equivalents	1,632,057	1,901,448	–269,391	–14.2
Due from banks	1,481,799	1,741,735	–259,936	–14.9
maturing daily	495,082	534,461	–39,379	–7.4
other receivables	986,717	1,207,274	–220,557	–18.3
Due from customers	4,809,857	4,980,022	–170,165	–3.4
of which mortgage receivables	2,947,305	2,943,733	3,572	0.1
Debentures and other interest-bearing securities	2,366,458	2,141,568	224,890	10.5
money-market papers	196,994	129,402	67,592	52.2
from public-sector issuers	168,193	129,402	38,791	30.0
from other issuers	28,801	0	28,801	0.0
debt securities	2,169,464	2,012,166	157,298	7.8
from public-sector issuers	486,821	453,222	33,599	7.7
from other issuers	1,682,643	1,558,944	123,699	7.9
Equity shares and other non-interest-bearing securities	153,368	153,169	199	0.1
Participations	56	56	0	0.0
Shares in affiliated companies	172,013	169,414	2,599	1.5
Intangible assets	56,715	43,107	13,608	31.6
Property and equipment	62,068	65,716	–3,648	–5.6
Treasury shares	41,854	46,989	–5,135	–10.9
Other assets	69,795	61,281	8,514	13.9
Accrued receivables and prepaid expenses	29,219	22,636	6,583	29.1
Total assets	10,875,259	11,327,141	–451,882	–4.0

The valuation of fixed-interest financial assets was changed from the lower of cost or market principle to the accrual method during the reporting period. The positive valuation effect on the financial assets as at 31 December 2021 amounts to CHF 5.9 million. The net annual profit for 2021 increases by CHF 5.2 million. The affected items of the previous year’s balance sheet and income statement were adjusted accordingly.

in CHF 1,000	31.12.2022	31.12.20211	Variance	Variance
			absolute	in %
Due to banks	2,620,537	2,507,141	113,396	4.5
maturing daily	1,410,690	1,919,268	–508,578	–26.5
with agreed duration or term of notice	1,209,847	587,873	621,974	105.8
Due to customers	6,880,234	7,379,796	–499,562	–6.8
savings deposits	502,403	573,299	–70,896	–12.4
other liabilities	6,377,831	6,806,497	–428,666	–6.3
maturing daily	5,387,475	6,279,452	–891,977	–14.2
with agreed duration or term of notice	990,356	527,045	463,311	87.9
Securitised liabilities	299,180	311,997	–12,817	–4.1
debentures issued	299,180	311,997	–12,817	–4.1
of which medium-term notes	44,180	56,997	–12,817	–22.5
Other liabilities	107,493	152,925	–45,432	–29.7
Accrued liabilities and deferred items	32,707	22,011	10,696	48.6
Provisions	5,842	12,170	–6,328	–52.0
tax provisions	2,259	10,169	–7,910	–77.8
other provisions	3,583	2,001	1,582	79.0
Provisions for general banking risks	63,150	63,150	0	0.0
Share capital	66,154	66,154	0	0.0
Capital reserves	47,049	47,049	0	0.0
Income reserves	603,415	600,862	2,553	0.4
legal reserves	239,800	239,800	0	0.0
reserves for treasury shares	41,854	46,989	–5,135	–10.9
other reserves	321,761	314,073	7,688	2.4
Balance brought forward	130,809	133,467	–2,658	–2.0
Net income for the year	18,689	30,419	–11,730	–38.6
Total liabilities and shareholders’ equity	10,875,259	11,327,141	–451,882	–4.0

The valuation of fixed-interest financial assets was changed from the lower of cost or market principle to the accrual method during the reporting period. The positive valuation effect on the financial assets as at 31 December 2021 amounts to CHF 5.9 million. The net annual profit for 2021 increases by CHF 5.2 million. The affected items of the previous year’s balance sheet and income statement were adjusted accordingly.

in CHF 1,000	31.12.2022	31.12.2021	Variance	Variance
			absolute	in %
Contingent liabilities	83,913	73,435	10,478	14.3
Credit risks	79,394	60,407	18,987	31.4
irrevocable facilities granted	79,394	60,407	18,987	31.4

Derivative financial instruments
positive replacement values	57,691	46,686	11,005	23.6
negative replacement values	89,137	82,525	6,612	8.0
contract volumes	8,252,816	11,061,402	–2,808,586	–25.4
Fiduciary transactions	524,521	311,466	213,055	68.4