Consolidated income statement

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in CHF thousands

Note

2015

2014 (restated) *

+/– %

*

The comparison period was adjusted on the basis of the restatement. See point 2.1 of the accounting principles.

Interest income

1

182'801

197'804

−7.6

Interest expenses

1

−50'347

−61'192

−17.7

Net interest income

1

132'454

136'612

−3.0

Credit loss (expense) / recovery

13

−6'036

−1'818

232.0

Net interest income after credit loss expense

 

126'418

134'793

−6.2

Fee and commission income

2

174'897

220'846

−20.8

Fee and commission expenses

2

−25'272

−30'237

−16.4

Net fee and commission income

2

149'625

190'609

−21.5

Net trading income

3

33'084

−23'956

 

Net income from financial investments at fair value

4

−736

36'257

 

Share of net income of joint venture

17

−13

19

 

Other income

5

4'785

3'748

27.7

Total operating income

 

313'163

341'470

−8.3

 

 

 

 

 

Personnel expenses

6

−123'782

−163'868

−24.5

General and administrative expenses

7

−63'653

−74'777

−14.9

Depreciation and amortisation

8

−33'657

−32'329

4.1

Total operating expenses

 

−221'093

−270'973

−18.4

 

 

 

 

 

Operating profit before tax

 

92'070

70'497

30.6

 

 

 

 

 

Tax expenses

9

−5'770

1'598

 

 

 

 

 

 

Net profit

 

86'301

72'095

19.7

 

 

 

 

 

Of which attributable to:

 

 

 

 

Shareholders of LLB

 

82'728

70'175

17.9

Non-controlling interests

35

3'573

1'920

86.1

 

 

 

 

 

Earnings per share attributable to the shareholders of LLB

Basic earnings per share (in CHF)

10

2.87

2.43

18.1

Diluted earnings per share (in CHF)

10

2.87

2.43

18.1