Consolidated income statement

in CHF thousands

Note

2012

2011

+/– %

Interest income

 

269'451

297'190

–9.3

Interest expenses

 

–88'227

–107'412

–17.9

Net interest income

1

181'224

189'778

–4.5

Credit loss (expense) / recovery

13

–46'516

–65'668

–29.2

Net interest income after credit loss expense

 

134'708

124'110

8.5

Fee and commission income

 

243'857

251'684

–3.1

Fee and commission expenses

 

–40'398

–42'800

–5.6

Net fee and commission income

2

203'459

208'884

–2.6

Net trading income

3

18'626

–6'192

 

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

4

44'121

449

 

Share of net income of associates

 

7

190

–96.3

Other income

5

7'968

11'838

–32.7

Total operating income

 

408'889

339'279

20.5

 

 

 

 

 

Personnel expenses

6

–160'755

–181'093

–11.2

General and administrative expenses

7

–102'739

–104'191

–1.4

Depreciation and amortisation

8

–34'599

–36'177

–4.4

Total operating expenses

 

–298'093

–321'461

–7.3

 

 

 

 

 

Operating profit before tax

 

110'796

17'818

521.8

 

 

 

 

 

Tax expenses

9

–12'890

–2'413

434.2

 

 

 

 

 

Net profit

 

97'906

15'405

535.5

 

 

 

 

 

Of which attributable to:

 

 

 

 

Shareholders of LLB

 

94'248

10'954

760.4

Non-controlling interests

 

3'658

4'451

–17.8

 

 

 

 

 

Earnings per share attributable to the shareholders of LLB

 

 

Basic earnings per share (in CHF)

10

3.32

0.38

773.7

Diluted earnings per share (in CHF)

10

3.32

0.38

773.7

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