Annual Report

Consolidated income statement

Consolidated income statement 2021
Change
in 1,000 CHFNote20202021Changein %
Interest and discount income262,733,7222,632,215-101,507-3.7
Interest and dividend income from financial investments33,27325,306-7,967-23.9
Interest expense26-417,395-255,621161,774-38.8
Gross result from interest operations 2,349,6002,401,90052,3002.2
Changes in value adjustments for default risks and losses from interest operations 15-52,48812,14164,629-123.1
Net result from interest operations 2,297,1122,414,041116,9295.1
Commission income from securities trading and investment activities362,854406,11243,25811.9
Commission income from lending activities25,21028,7063,49613.9
Commission income from other services223,793227,8454,0521.8
Commission expense-160,763-126,58934,174-21.3
Result from commission business and services23451,094536,07484,98018.8
Result from trading activities and the fair value option24214,694244,63029,93613.9
Result from disposal of financial investments12,68369,93357,250451,4
Income from participations2531,67173,31441,643131,5
Result from real estate21,39320,804-589-2.8
Other ordinary income33,46926,844-6,625-19.8
Other ordinary expenses-1,878-2,206-32817.5
Other result from ordinary activities97,338188,68991,35193.8
Operating income3,060,2383,383,434323,19610.6
Personnel expenses27-1,337,007-1,391,710-54,7034.1
General and administrative expenses28-479,634-502,966-23,3324.9
Operating expenses-1,816,641-1,894,676-78,0354.3
Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets6, 8, 9-273,876-217,37656,500-20.6
Changes to provisions and other value adjustments, and losses 15-2,281-3,110-82936.3
Operating result 967,4401,268,272300,83231.1
Extraordinary income295,7918,5892,79848.3
Extraordinary expenses29-2,052-8951,157-56.4
Taxes30-119,324-182,992-63,66853.4
Group profit (including minority interests)851,8551,092,974241,11928.3
Minority interests in group profit-8,79224,18432,976-375.1
Group profit860,6471,068,790208,14324.2