Annual Report

Consolidated income statement

Consolidated income statement 2020

Change
in 1,000 CHFNote20192020Changein %
Interest and discount income262,818,9852,733,722-85,263-3.0
Interest and dividend income from financial investments42,77633,273-9,503-22.2
Interest expense26-594,666-417,395177,271-29.8
Gross result from interest operations 2,267,0952,349,60082,5053.6
Changes in value adjustments for default risks and losses from interest operations 15-12,959-52,488-39,529305.0
Net result from interest operations 2,254,1362,297,11242,9761.9
Commission income from securities trading and investment activities342,766362,85420,0885.9
Commission income from lending activities21,70225,2103,50816.2
Commission income from other services229,592223,793-5,799-2.5
Commission expense-178,025-160,76317,262-9.7
Result from commission business and services23416,035451,09435,0598.4
Result from trading activities and the fair value option24228,054214,694-13,360-5.9
Result from disposal of financial investments13,22312,683-540-4.1
Income from participations2564,26831,671-32,597-50.7
Result from real estate21,63321,393-240-1.1
Other ordinary income64,60933,469-31,140-48.2
Other ordinary expenses-10,403-1,8788,525-81.9
Other result from ordinary activities153,33097,338-55,992-36.5
Operating income3,051,5553,060,2388,6830.3
Personnel expenses27-1,331,731-1,337,007-5,2760.4
General and administrative expenses28-538,461-479,63458,827-10.9
Operating expenses-1,870,192-1,816,64153,551-2.9
Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets6, 8, 9-227,486-273,876-46,39020.4
Changes to provisions and other value adjustments, and losses 15-24,288-2,28122,007-90.6
Operating result 929,589967,44037,8514.1
Extraordinary income299,9645,791-4,173-41.9
Extraordinary expenses29-3,325-2,0521,273-38.3
Taxes30-111,807-119,324-7,5176.7
Group profit (including minority interests)824,421851,85527,4343.3
Minority interests in group profit-10,738-8,7921,946-18.1
Group profit835,159860,64725,4883.1