Consolidated income statement 

1st half 2017

 

1.1.-30.6.2017 in 1,000 CHF

1.1.-30.6.2016 in 1,000 CHF

Change in 1,000 CHF

Change in %

Interest and discount income

1,475,457

1,538,794

-63,337

-4.1

Interest and dividend income from financial assets

27,961

28,592

-631

-2.2

Interest expenditure

-385,145

-458,454

73,309

-16.0

Gross result from interest operations

1,118,273

1,108,932

9,341

0.8

Changes in value adjustments for default risks and losses from interest operations

2,801

498

2,303

462.4

Net result from interest operations

1,121,074

1,109,430

11,644

1.0

Commission income from securities trading and investment activities

213,664

186,964

26,700

14.3

Commission income from lending activities

9,431

9,257

174

1.9

Commission income from other services

113,024

104,019

9,005

8.7

Commission expense

-89,904

-59,515

-30,389

51.1

Result from commission business and services

246,215

240,725

5,490

2.3

Result from trading activities and the fair value option

116,091

93,527

22,564

24.1

Result from disposal of financial investments

9,401

1,729

7,672

443.7

Income from participations

20,816

34,770

-13,954

-40.1

Result from real estate

10,326

9,391

935

10.0

Other ordinary income

108,257

46,861

61,396

131.0

Other ordinary expenses

-3,574

-14,019

10,445

-74.5

Other result from ordinary activities

145,226

78,732

66,494

84.5

Operating income

1,628,606

1,522,414

106,192

7.0

Personnel expenses

-688,887

-680,501

-8,386

1.2

General and administrative expenses

-317,802

-281,689

-36,113

12.8

Operating expenses

-1,006,689

-962,190

-44,499

4.6

Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets

-92,732

-97,772

5,040

-5.2

Changes to provisions and other value adjustments, and losses

2,344

1,635

709

43.4

Operating result

531,529

464,087

67,442

14.5

Extraordinary income

10,600

7,045

3,555

50.5

Extraordinary expenses

-2,750

-1,258

-1,492

118.6

Taxes

-108,461

-103,776

-4,685

4.5

Group profit (including minority interests)

430,918

366,098

64,820

17.7

Minority interests in group profit

-3,325

-525

-2,800

533.3

Group profit

434,243

366,623

67,620

18.4