Consolidated income statement

in CHF thousands

Note

2013

2012*

+/– %

*

The comparison period was adjusted with regard to the adaption of IAS 19 (revised). See point 2.1 of the accounting principles for details.

Interest income

1

217'366

269'451

–19.3

Interest expenses

1

–71'647

–88'227

–18.8

Net interest income

1

145'719

181'224

–19.6

Credit loss (expense) / recovery

13

–24'983

–46'516

–46.3

Net interest income after credit loss expense

 

120'736

134'708

–10.4

Fee and commission income

2

250'624

243'857

2.8

Fee and commission expenses

2

–40'207

–40'398

–0.5

Net fee and commission income

2

210'417

203'459

3.4

Net trading income

3

58'633

18'626

214.8

Net income from financial investments at fair value through profit and loss

4

15'645

44'121

–64.5

Share of net income of associates

17

5

7

–32.9

Other income

5

81'534

7'968

923.3

Total operating income

 

486'969

408'889

19.1

 

 

 

 

 

Personnel expenses

6

–173'176

–163'602

5.9

General and administrative expenses

7

–194'142

–102'739

89.0

Depreciation and amortisation

8

–58'726

–34'599

69.7

Total operating expenses

 

–426'044

–300'940

41.6

 

 

 

 

 

Operating profit before tax

 

60'925

107'949

–43.6

 

 

 

 

 

Tax expenses

9

–7'153

–12'890

–44.5

 

 

 

 

 

Net profit

 

53'773

95'059

–43.4

 

 

 

 

 

Of which attributable to:

 

 

 

 

Shareholders of LLB

 

49'821

91'401

–45.5

Non-controlling interests

35

3'951

3'658

8.0

 

 

 

 

 

Earnings per share attributable to the shareholders of LLB

 

 

 

 

Basic earnings per share (in CHF)

10

1.75

3.22

–45.7

Diluted earnings per share (in CHF)

10

1.75

3.22

–45.7

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