Consolidated statement of comprehensive income

Consolidated income statement

in CHF 1,000	Note	01.01.–30.06.2015 audited	01.01.–30.06.2014 unaudited	Variance absolute	Variance in %
Interest income		47,671	39,552	8,119	20.5
Interest expense		6,059	8,042	–1,983	–24.7
Net interest income	1	41,612	31,510	10,102	32.1
Commission income		90,435	88,271	2,164	2.5
Commission expenses		24,497	28,218	–3,721	–13.2
Net income from commission business and services	2	65,938	60,053	5,885	9.8
Net income from trading activities	3	19,769	11,637	8,132	69.9
Income from financial instruments	4	–5,705	6,872	–12,577	–183.0
Other income	5	50,902	473	50,429	n.a.
Total net operating income		172,516	110,545	61,971	56.1

Personnel expenses	6	67,231	61,650	5,581	9.1
General and administrative expenses	7	29,548	22,832	6,716	29.4
Operating expenses		96,779	84,482	12,297	14.6
Gross income		75,737	26,063	49,674	190.6

Depreciation and amortisation	8	19,060	14,711	4,349	29.6
Valuation allowances, provisions and losses	9	17,404	345	17,059	n.a.
Earnings before income tax		39,273	11,007	28,266	256.8

Taxes on income	10	–1,667	–126	–1,541	n.a.
Group net income		40,940	11,133	29,807	267.7

Share information
Undiluted group net income per bearer share	6.37	1.92
Undiluted group net income per registered share	0.64	0.19

Diluted group net income per bearer share	6.37	1.92
Diluted group net income per registered share	0.64	0.19

in CHF 1,000	01.01.–30.06.2015 audited	01.01.–30.06.2014 unaudited	Variance absolute	Variance in %
Group net income	40,940	11,133	29,807	267.7
Other comprehensive income, after income tax
Other comprehensive income which will be transferred to the income statement upon realisation
• Changes in foreign-currency translation differences	–4,814	–249	–4,565	n.a.
• Foreign-currency translation difference transferred to the income statement from shareholders‘ equity	0	0	0	n.a.
Total other comprehensive income which will be transferred to the income statement upon realisation	–4,814	–249	–4,565	n.a.
Other comprehensive income that will not be reclassified to the income statement
• Changes in value of FVTOCI financial instruments	–1,046	–1,917	871	n.a.
• Actuarial gains/losses from defined-benefit pension plans	39	–8,401	8,440	n.a.
Total other comprehensive income which will not be transferred subsequently to the income statement	–1,007	–10,318	9,311	n.a.
Other comprehensive income for the period recognised directly in equity (net of tax)	–5,821	–10,567	4,746	n.a.
Total comprehensive income for the period (net of tax)	35,119	566	34,553	n.a.

Attributable to the shareholders of VP Bank Ltd, Vaduz	35,119	566	34,553	n.a.