Income statement

Art. 24c Banking Ord.

(XLS:)

in CHF thousands

2011

2010

+/– %

Interest income

203'242

195'270

4.1

of which from fixed-interest securities

6'486

7'056

–8.1

of which from trading transactions

161

96

67.7

Interest expenses

–65'157

–67'663

–3.7

Net interest income

138'085

127'607

8.2

Shares and other non-fixed-interest securities

123

49

151.0

of which from trading transactions

2

0

 

Participations

1

1

0.0

Income from securities

124

50

148.0

Credit-related commissions and fees

619

713

–13.2

Commissions from securities and investment business

123'582

130'944

–5.6

Other commission and fee income

18'033

16'495

9.3

Commission and fee expenses

–41'357

–42'115

–1.8

Net commission and fee income

100'877

106'037

–4.9

Income from financial transactions

–55'274

23'994

 

of which from trading business

21'413

25'523

–16.1

Income from financial transactions

–55'274

23'994

 

Income from real estate holdings

536

521

2.9

Sundry ordinary income

12'750

–81

 

Other ordinary income

13'286

440

 

 

 

 

 

Gross income

197'098

258'128

–23.6

 

 

 

 

Personnel expenses

–80'432

–77'432

3.9

Administrative expenses

–45'807

–34'602

32.4

Total operating expenses

–126'239

–112'034

12.7

 

 

 

 

Gross operating profit

70'859

146'094

–51.5

 

 

 

 

Depreciation on intangible assets and fixed assets

–20'117

–13'116

53.4

Other ordinary expenses

–3'702

–979

278.1

Value adjustments on claims and allocations to provisions for contingent liabilities and lending risks

–82'410

–31'974

157.7

Earnings from the release of value adjustments on claims and of provisions for contingent liabilities and lending risks

5'138

4'900

4.9

Write-downs on participations, shares in associated companies and securities treated as long-term investments

–44'085

–1'486

 

Earnings from write-ups on participations, shares in associated companies and securities treated as long-term investments

190

3'780

–95.0

 

 

 

 

Result from normal business operations

–74'127

107'219

 

 

 

 

 

Income taxes

6'505

–5'012

 

Other taxes

0

–3'037

–100.0

Income from the release of provisions for general banking risks

90'000

150'000

–40.0

 

 

 

 

Profit for the year

22'378

249'170

–91.0

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