Consolidated income statement

In 1,000 CHF

Note

2019

2018

Commission income

1.2

192,880

172,015

Annual fees

 

121,123

121,449

Interest income

 

98,142

106,725

Other operating income

1.2

132,065

115,957

Operating income

 

544,210

516,146

 

 

 

 

Processing and service expenses

1.3

(80,909)

(63,719)

Distribution, advertising and promotion expenses

1.3

(108,577)

(111,484)

Interest expenses

1.3

(11,794)

(11,649)

Expected credit and impairment losses

1.3

(12,895)

(16,424)

Personnel expenses

1.3

(126,232)

(113,759)

Other operating expenses

1.3

(106,177)

(84,593)

Depreciation of property and equipment

2.3

(5,137)

(3,732)

Amortisation of intangible assets

2.4

(29,022)

(13,643)

Amortisation of goodwill

2.4

(16,752)

(8,328)

Impairment of intangible assets

2.4

(106,293)

0

Operating expenses

 

(603,786)

(427,330)

 

 

 

 

Operating result

 

(59,576)

88,816

 

 

 

 

Financial income

2.5

12,166

4,282

Income from associates

 

96

2,785

Ordinary result

 

(47,314)

95,883

 

 

 

 

Non-operating result

4.1

154,478

27,834

Profit before income tax

 

107,164

123,717

 

 

 

 

Income taxes

5.2

(48,838)

(19,318)

Profit for the period

 

58,326

104,399

 

 

 

 

Profit attributable to:

 

 

 

Owners of the Company

 

58,616

104,489

Non-controlling interests

 

(290)

(90)

 

 

 

 

Earnings per share

 

 

 

Undiluted earnings per share (in CHF)

1.4

2,344.64

4,179.56

Diluted earnings per share (in CHF)

1.4

2,344.64

4,179.56