Consolidated income statement 

1st half 2018

 

1.1.-30.6.2018 in 1,000 CHF

1.1.-30.6.2017 in 1,000 CHF

Change in 1,000 CHF

Change in %

Interest and discount income

1,456,665

1,475,457

-18,792

-1.3

Interest and dividend income from financial assets

24,626

27,961

-3,335

-11.9

Interest expenditure

-332,797

-385,145

52,348

-13.6

Gross result from interest operations

1,148,494

1,118,273

30,221

2.7

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

-9,999

2,801

-12,800

-457.0

Net result from interest operations

1,138,495

1,121,074

17,421

1.6

Commission income from securities trading and investment activities

220,427

213,664

6,763

3.2

Commission income from lending activities

10,173

9,431

742

7.9

Commission income from other services

113,181

113,024

157

0.1

Commission expense

-87,859

-89,904

2,045

-2.3

Result from commission business and services

255,922

246,215

9,707

3.9

Result from trading activities and the fair value option

118,392

116,091

2,301

2.0

Result from disposal of financial investments

4,324

9,401

-5,077

-54.0

Income from participations

53,361

20,816

32,545

156.3

Result from real estate

10,460

10,326

134

1.3

Other ordinary income

57,828

108,257

-50,429

-46.6

Other ordinary expenses

-2,389

-3,574

1,185

-33.2

Other result from ordinary activities

123,584

145,226

-21,642

-14.9

Operating income

1,636,393

1,628,606

7,787

0.5

Personnel expenses

-707,147

-688,887

-18,260

2.7

General and administrative expenses

-292,849

-317,802

24,953

-7.9

Operating expenses

-999,996

-1,006,689

6,693

-0.7

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

-112,204

-92,732

-19,472

21.0

Changes to provisions and other value adjustments, and losses

-7,225

2,344

-9,569

-408.2

Operating result

516,968

531,529

-14,561

-2.7

Extraordinary income

7,349

10,600

-3,251

-30.7

Extraordinary expenses

-3,025

-2,750

-275

10.0

Taxes

-107,059

-108,461

1,402

-1.3

Group profit (including minority interests)

414,233

430,918

-16,685

-3.9

Minority interests in group profit

-2,061

-3,325

1,264

-38.0

Group profit

416,294

434,243

-17,949

-4.1