Income statement

in CHF thousands

Note

2013

2012

+/– %

Interest income

 

131'714

177'827

–25.9

of which from fixed-interest securities

 

6'496

6'829

–4.9

of which from trading transactions

 

153

115

32.6

Interest expenses

 

–38'681

–52'648

–26.5

Net interest income

 

93'032

125'179

–25.7

Shares and other non-fixed-interest securities

 

6

3

112.8

of which from trading transactions

 

6

3

112.8

Participations and associated companies

 

16'086

0

 

Income from securities

 

16'093

3

 

Credit-related commissions and fees

 

449

555

–19.2

Commissions from securities and investment business

 

130'733

118'460

10.4

Other commission and fee income

 

20'984

18'754

11.9

Commission and fee expenses

 

–50'547

–43'126

17.2

Net commission and fee income

 

101'617

94'643

7.4

Income from financial transactions

 

39'833

–9'327

 

of which from trading business

21

23'315

17'976

29.7

Income from real estate holdings

 

1'183

553

113.8

Sundry ordinary income

 

19'962

16'984

17.5

Other ordinary income

 

21'145

17'537

20.6

Total operating income

 

271'720

228'035

19.2

 

 

 

 

 

Personnel expenses

22

–77'762

–89'612

–13.2

Administrative expenses

23

–45'177

–44'563

1.4

Total operating expenses

 

–122'940

–134'175

–8.4

 

 

 

 

 

Gross operating profit

 

148'780

93'860

58.5

 

 

 

 

 

Depreciation on intangible assets and fixed assets

 

–28'089

–20'046

40.1

Sundry ordinary expenses

24

–12'986

–14'763

–12.0

Allowances on claims and allocations to provisions for contingent liabilities and lending risks

9

–31'159

–66'299

–53.0

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

9

4'105

8'688

–52.7

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

 

0

0

 

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

 

7'232

21'087

–65.7

 

 

 

 

 

Result from normal business operations

 

87'883

22'527

290.1

 

 

 

 

 

Income taxes

 

–1'409

0

 

Other taxes

 

–230

0

 

Income from the release of provisions for general banking risks

 

0

25'000

–100.0

 

 

 

 

 

Profit for the year

 

86'244

47'527

81.5

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