CA Indosuez (Switzerland) SA - 2018 Annual Report

54

CA Indosuez (Switzerland) SA

2 / Income statement for the year 2018

(in thousands of CHF)

FY 2018

FY 2017

Result from interest operations Interest and discount income

264,355

172,541

Interest and dividend income from trading portfolios

116

438

Interest and dividend income from financial investments

9,133

2,810

Interest expense

-116,679

-42,205

Gross result from interest operations

156,925

133,584

Changes in value adjustments for default risks and losses from interest operations

5,478

573

162,403

134,157

Subtotal net result from interest operations

Result from commission business and services Commission income from securities trading and investment activities

166,840

155,657

Commission income from lending activities

43,177

38,407

Commission income from other services

40,406

40,915

Commission expense

-37,003

-35,213

213,420

199,766

Subtotal result from commission business and services

Result from trading activities and the fair value option

69,687

67,374

Other income from ordinary activities Result from the disposal of financial investments

2,705

3,405

Income from participating interests

3,102

3,639

Result from real estate

2,437

2,411

Other ordinary income

18,677

89,030

Other ordinary expenses

-432

-143

Subtotal other result from ordinary activities

26,489

98,342

Operating expenses Personnel expenses

-219,776

-280,007

General and administrative expenses

-124,362

-137,099

Subtotal operating expenses

-344,138

-417,106

Value adjustments on participating interests, and depreciation and amortisation of fixed and intangible assets

-14,949

-12,349

Changes to provisions and other value adjustments, and losses

-1,185

-8,686

Operating result

111,727

61,498

Extraordinary income

5

22,384

Extraordinary expenses

-85

-12

Taxes

-29,420

-25,965

Result for the period

82,227

57,905