Raiffeisen Switzerland income statement

2018

in 1,000 CHF

Current year

Previous year

Change

Change in %

Note

Interest and discount income

303,687

320,123

-16,436

-5.1

22

Interest and dividend income from financial investments

43,735

48,337

-4,602

-9.5

22

Interest expense

-192,056

-242,372

50,316

-20.8

22

Gross result from interest operations

155,366

126,088

29,278

23.2

 

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

-126,465

-1,782

-124,683

6,996.8

14

Subtotal net result from interest operations

28,901

124,306

-95,405

-76.8

 

Commission income securities trading and investment business

77,588

73,690

3,898

5.3

23

Commission income from lending business

16,267

13,395

2,872

21.4

23

Commission income other services

63,010

59,711

3,299

5.5

23

Commission expense

-46,362

-44,286

-2,076

4.7

23

Net income from commission business and service transactions

110,503

102,510

7,993

7.8

 

Net trading income

78,138

79,522

-1,384

-1.7

24

Result from the disposal of financial investments

2,607

20,525

-17,918

-87.3

 

Income from participations

71,510

52,322

19,188

36.7

 

Result from real estate

3,884

3,668

216

5.9

 

Other ordinary income

401,193

403,513

-2,320

-0.6

25

Other ordinary expenses

-42,905

-34,243

-8,662

25.3

 

Other ordinary profit

436,289

445,785

-9,496

-2.1

 

Operating income

653,831

752,123

-98,292

-13.1

 

Personnel expenses

-383,815

-381,111

-2,704

0.7

26

General and administrative expenses

-294,285

-254,653

-39,632

15.6

27

Operating expenses

-678,100

-635,764

-42,336

6.7

 

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

-109,154

-74,775

-34,379

46.0

6, 7, 8

Changes to provisions and other value adjustments, and losses

-117,910

-4,352

-113,558

n.a.

14

Operating result

-251,333

37,232

-288,565

-775.0

 

Extraordinary income

46,180

116,316

-70,136

-60.3

28

Extraordinary expenses

-1

-673

672

-99.9

28

Changes in reserves for general banking risks

250,153

-101,000

351,153

n.a.

14

Taxes

-2,500

-5,035

2,535

-50.3

29

Profit

42,500

46,840

-4,340

-9.3