Annual Review 2008 - Hyposwiss Privatbank AG
Annual Review 2008 - Hyposwiss Privatbank AG
Annual Review 2008 - Hyposwiss Privatbank AG
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Income statement <strong>2008</strong><br />
Income and expenses from ordinary banking business<br />
in 1 000 CHF <strong>2008</strong> 2007<br />
Interest and discount income 33 786 37 408<br />
Interest and dividend income on financial investments 337 395<br />
Interest expenditure -13 161 -13 500<br />
Net interest income 20 962 24 303<br />
Commission income from lending activities 318 365<br />
Commission income from securities and investment activities 73 827 89 261<br />
Commission income from other service fee activities 514 527<br />
Commission expenses -4 180 -3 378<br />
Net fee and commission income 70 479 86 775<br />
Net trading income 8 146 9 181<br />
Income from disposal of financial investments -29 50<br />
Investment income 32 51<br />
Other ordinary income 1 084 693<br />
Other ordinary expenditure -7 -2<br />
Net other ordinary income 1 080 792<br />
Operating income 100 667 121 051<br />
Personnel expenses 33 316 35 599<br />
Other operating expenses 15 148 18 660<br />
Administrative expenses 48 463 54 259<br />
Gross profit 52 205 66 792<br />
Profit for the year<br />
Gross profit 52 205 66 792<br />
Depreciation on fixed assets -1 279 -1 464<br />
Value adjustments, provisions and losses -7 679 -927<br />
Operating profit (before extraordinary items and taxes) 43 246 64 401<br />
Extraordinary income 843 4 400<br />
thereof dissolution of reserves for general banking risks 0 3 320<br />
Taxes -9 047 -14 078<br />
Net profit for the year 35 043 54 723<br />
<strong>Hyposwiss</strong> <strong>Annual</strong> <strong>Review</strong> <strong>2008</strong> 25
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