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LLB Annual Report 2020 de

Consolidated income statement

Information checkedInformation geprüft Consolidated income statement

in CHF thousands

Note

2020

2019

+ / – %

Interest Income

1

208'384

234'340

– 11.1

Interest expenses

1

– 54'287

– 83'076

– 34.7

Net interest income

1

154'097

151'264

1.9

Expected credit losses

 

– 11'640

1'002

 

Net interest income after expected credit losses

 

142'457

152'266

– 6.4

Fee and commission income

2

332'850

339'672

– 2.0

Fee and commission expenses

2

– 133'714

– 130'516

2.5

Net fee and commission income

2

199'136

209'156

– 4.8

Net trading income

3

84'294

78'906

6.8

Net income from financial investments

4

– 556

4'049

 

Other income

5

4'975

8'371

– 40.6

Total operating income

 

430'306

452'748

– 5.0

 

 

 

 

 

Personnel expenses

6

– 181'040

– 192'860

– 6.1

General and administrative expenses

7

– 83'371

– 76'547

8.9

Depreciation

8

– 42'251

– 41'925

0.8

Total operating expenses

 

– 306'663

– 311'332

– 1.5

 

 

 

 

 

Operating profit before tax

 

123'643

141'416

– 12.6

 

 

 

 

 

Tax expenses

9

– 13'820

– 18'038

– 23.4

 

 

 

 

 

Net profit

 

109'823

123'378

– 11.0

 

 

 

 

 

Of which attributable to:

 

 

 

 

Shareholders of LLB

 

103'524

115'274

– 10.2

Non-controlling interests

33

6'299

8'104

– 22.3

 

 

 

 

 

Earnings per share attributable to the shareholders of LLB

 

 

 

 

Basic earnings per share (in CHF)

10

3.39

3.77

– 10.0

Diluted earnings per share (in CHF)

10

3.38

3.75

– 9.9