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LLB Annual Report 2021 de

Notes to the income statement

Information checkedInformation unaudited Information geprüft Information ungeprüft Notes to the income statement

22Income from trading operations

22 Income from trading operations

in CHF thousands

2021

2020

+ / – %

Foreign exchange trading

43'607

41'437

5.2

Foreign note trading

– 454

– 86

430.3

Precious metals trading

1'743

2'464

– 29.3

Securities trading

10

9

14.3

Total net trading income

44'907

43'825

2.5

23Personnel expenses

23 Personnel expenses

in CHF thousands

2021

2020

+ / – %

Salaries and compensations

– 88'567

– 84'145

5.3

Social benefits and retirement benefit plans

– 18'423

– 17'526

5.1

of which retirement benefit plans

– 12'453

– 12'016

3.6

Other personnel expenses

– 4'976

– 3'255

52.9

Total

– 111'966

– 104'926

6.7

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

24Administrative expenses

24 Administrative expenses

in CHF thousands

2021

2020

+ / – %

Occupancy expenses

– 3'976

– 3'329

19.4

Expenses for IT, machinery, vehicles and other equipment

– 18'019

– 24'923

– 27.7

Other business expenses

– 26'416

– 25'613

3.1

Total

– 48'412

– 53'864

– 10.1

25Other ordinary expenses

25 Other ordinary expenses

in CHF thousands

2021

2020

+ / – %

Losses on receivables

– 62

0

 

Operational risk

– 650

– 1'757

– 63.0

Sundry other ordinary expenses

– 688

– 543

26.5

Total other ordinary expenses

– 1'399

– 2'301

– 39.2