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LLB Annual Report 2023 de

Notes to the income statement

Information unaudited Information ungeprüft Notes to the income statement

22Income from trading operations

in CHF thousands

2023

2022

+ / – %

Foreign exchange trading

130'985

90'298

45.1

Foreign note trading

– 926

– 223

314.9

Precious metals trading

2'004

2'175

– 7.9

Securities trading

9

46

– 81.2

Total net trading income

132'072

92'296

43.1

23Personnel expenses

in CHF thousands

2023

2022

+ / – %

Salaries and compensations

– 108'604

– 96'440

12.6

Social benefits and retirement benefit plans

– 23'321

– 20'258

15.1

of which retirement benefit plans

– 15'852

– 13'762

15.2

Other personnel expenses

– 4'147

– 4'040

2.6

Total

– 136'071

– 120'738

12.7

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

24Administrative expenses

in CHF thousands

2023

2022

+ / – %

Occupancy expenses

– 4'401

– 3'876

13.6

Expenses for IT, machinery, vehicles and other equipment

– 26'131

– 21'830

19.7

Other business expenses

– 38'265

– 35'395

8.1

Total

– 68'797

– 61'101

12.6

25Sundry ordinary income

in CHF thousands

2023

2022

+ / – %

Non-period income

142

100

41.9

Realised gains from the sale of fixed assets

3

4

– 18.8

Income from other services

35'891

32'411

10.7

Total sundry ordinary income

36'035

32'515

10.8

26Other ordinary expenses

in CHF thousands

2023

2022

+ / – %

Losses on receivables

– 67

– 88

– 24.0

Operational risk

0

– 1'569

– 100.0

Sundry other ordinary expenses

– 489

– 518

– 5.6

Total other ordinary expenses

– 556

– 2'175

– 74.5