Income statement

(XLS:)

in CHF thousands

Note

2012

2011

+/– %

Interest income

177'827

203'242

–12.5

of which from fixed-interest securities

6'829

6'486

5.3

of which from trading transactions

115

161

–28.6

Interest expenses

–52'648

–65'157

–19.2

Net interest income

125'179

138'085

–9.3

Shares and other non-fixed-interest securities

3

123

–97.6

of which from trading transactions

3

2

50.0

Participations

0

1

–100.0

Income from securities

3

124

–97.6

Credit-related commissions and fees

555

619

–10.3

Commissions from securities and investment business

118'460

123'582

–4.1

Other commission and fee income

18'754

18'033

4.0

Commission and fee expenses

–43'126

–41'357

4.3

Net commission and fee income

94'643

100'877

–6.2

Income from financial transactions

–9'327

–55'274

–83.1

of which from trading business

21

17'976

21'413

–16.1

Income from real estate holdings

553

536

3.2

Sundry ordinary income

16'984

12'750

33.2

Other ordinary income

17'537

13'286

32.0

Total operating income

228'035

197'098

15.7

 

 

 

 

Personnel expenses

22

–89'612

–80'432

11.4

Administrative expenses

23

–44'563

–45'807

–2.7

Total operating expenses

–134'175

–126'239

6.3

 

 

 

 

Gross operating profit

93'860

70'859

32.5

 

 

 

 

Depreciation on intangible assets and fixed assets

–20'046

–20'117

–0.4

Sundry ordinary expenses

24

–14'763

–3'702

298.8

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

9

–66'299

–82'410

–19.5

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

9

8'688

5'138

69.1

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

0

–44'085

–100.0

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

21'087

190

 

 

 

 

 

Result from normal business operations

22'527

–74'127

 

 

 

 

 

Income taxes

0

6'505

–100.0

Other taxes

0

0

 

Income from the release of provisions for general banking risks

25'000

90'000

–72.2

 

 

 

 

Profit for the year

47'527

22'378

112.4

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