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LLB Annual Report 2021 de

Income statement

Information checkedInformation unaudited Information geprüft Information ungeprüft Income statement

in CHF thousands

Note

2021

2020

+ / – %

Interest income

 

73'612

90'197

– 18.4

of which from fixed-interest securities

 

16'134

18'779

– 14.1

of which from trading transactions

 

– 0

2

 

Interest expenses

 

19'123

2'342

716.7

Net interest income

 

92'736

92'538

0.2

Shares and other non-fixed-interest securities

 

2'710

1'544

75.5

of which from trading transactions

 

2'710

1'544

75.5

Participations and associated companies

 

15'000

30'000

– 50.0

Income from securities

 

17'710

31'544

– 43.9

Credit-related commissions and fees

 

353

349

1.3

Commissions from securities and investment business

 

126'762

108'749

16.6

Other commission and fee income

 

17'966

17'493

2.7

Commission and fee expenses

 

– 49'667

– 47'200

5.2

Net commission and fee income

 

95'414

79'390

20.2

Income from financial transactions

 

33'697

35'576

– 5.3

of which from trading business

22

44'907

43'825

2.5

Income from real estate holdings

 

859

860

– 0.1

Sundry ordinary income

 

30'607

34'442

– 11.1

Other ordinary income

 

31'466

35'302

– 10.9

Total operating income

 

271'023

274'351

– 1.2

 

 

 

 

 

Personnel expenses

23

– 111'966

– 104'926

6.7

Administrative expenses

24

– 48'412

– 53'864

– 10.1

Total operating expenses

 

– 160'377

– 158'790

1.0

 

 

 

 

 

Gross operating profit

 

110'646

115'561

– 4.3

 

 

 

 

 

Depreciation on intangible assets and fixed assets

 

– 17'339

– 22'931

– 24.4

Sundry ordinary expenses

25

– 1'399

– 2'301

– 39.2

Allowances on claims and allocations to provisions for contingent liabilities and lending risks

10

– 4'205

– 12'400

– 66.1

Earnings from the release of allowances on claims and of provisions for contingent liabilities and lending risks

10

1'464

3'199

– 54.2

Write-downs to participations, shares in associated companies and securities treated as long-term investments

 

– 0

– 3

– 97.2

 

 

 

 

 

Result from normal business operations

 

89'166

81'126

9.9

 

 

 

 

 

Income taxes

 

– 10'525

– 3'500

200.7

Other taxes

 

– 234

– 243

– 3.7

 

 

 

 

 

Profit for the year 1

 

78'408

77'382

1.3

1 The return on capital (annual profit in relation to balance sheet total) amounted to 0.49 per cent as at 31 December 2021 and to 0.53 per cent as at 31 December 2020 (pursuant to the Banking Ordinance, Art. 24e, Para. 1, Point 6).