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LLB Annual Report 2022 de

Notes to the income statement

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

22Income from trading operations

in CHF thousands

2022

2021

+ / – %

Foreign exchange trading

90'298

43'607

107.1

Foreign note trading

– 223

– 454

– 50.8

Precious metals trading

2'175

1'743

24.8

Securities trading

46

10

348.1

Total net trading income

92'296

44'907

105.5

23Personnel expenses

in CHF thousands

2022

2021

+ / – %

Salaries and compensations

– 96'440

– 88'567

8.9

Social benefits and retirement benefit plans

– 20'258

– 18'423

10.0

of which retirement benefit plans

– 13'762

– 12'453

10.5

Other personnel expenses

– 4'040

– 4'976

– 18.8

Total

– 120'738

– 111'966

7.8

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

24Administrative expenses

in CHF thousands

2022

2021

+ / – %

Occupancy expenses

– 3'876

– 3'976

– 2.5

Expenses for IT, machinery, vehicles and other equipment

– 21'830

– 18'019

21.1

Other business expenses

– 35'395

– 26'416

34.0

Total

– 61'101

– 48'412

26.2

25Other ordinary expenses

in CHF thousands

2022

2021

+ / – %

Losses on receivables

– 88

– 62

43.1

Operational risk

– 1'569

– 650

141.4

Sundry other ordinary expenses

– 518

– 688

– 24.7

Total other ordinary expenses

– 2'175

– 1'399

55.4