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LLB Annual Report 2020 de

Notes to the income statement

Information checkedInformation geprüft Notes to the income statement

22Income from trading operations

in CHF thousands

2020

2019

+ / – %

Foreign exchange trading

41'437

42'332

– 2.1

Foreign note trading

– 86

– 350

– 75.6

Precious metals trading

2'464

1'225

101.1

Securities trading

9

18

– 50.9

Total net trading income

43'825

43'225

1.4

23Personnel expenses

in CHF thousands

2020

2019

+ / – %

Salaries and compensations

– 84'145

– 83'164

1.2

Social benefits and retirement benefit plans

– 17'526

– 17'305

1.3

of which retirement benefit plans

– 12'016

– 11'664

3.0

Other personnel expenses

– 3'255

– 3'410

– 4.6

Total

– 104'926

– 103'879

1.0

The compensation of the Board of Directors and the Board of Management are disclosed in the consolidated financial statement.

24Administrative expenses

in CHF thousands

2020

2019

+ / – %

Occupancy expenses

– 3'329

– 3'498

– 4.8

Expenses for IT, machinery, vehicles and other equipment

– 24'923

– 17'689

40.9

Other business expenses

– 25'613

– 24'960

2.6

Total

– 53'864

– 46'146

16.7

25Other ordinary expenses

in CHF thousands

2020

2019

+ / – %

Operational risk

– 1'757

0

 

Sundry other ordinary expenses

– 543

– 1'247

– 56.4

Total other ordinary expenses

– 2'301

– 1'247

84.5