Annual Report 2011 LGT Bank in Liechtenstein Ltd., Vaduz

36
Notes to the profit and loss account
31 Offsetting of refinancing expenses with income from trading
The refinancing expenses arising from trading positions are not offset against income from trading activities because this business
activity does not have a significant influence on the bank’s business result.
32 Interest income from fixed-interest securities (TCHF) 2011 2010
Interest income from bonds 56 432 44 758
Interest income from money market paper 10 398 6 387
Total 66 830 51 145
33 Income from trading transactions (TCHF) Reported in the P & L under 2011 2010
Interest income from fixed-interest securities Interest income 1 640 581
Trading in foreign exchange and precious metals Income from financial transactions 59 605 57 654
Securities trading Income from financial transactions 632 5 040
Total 61 877 63 275
34 Personnel expenses (TCHF) 2011 2010
Wages and salaries 83 442 72 370
Social security contributions, pensions and social assistance 14 696 13 854
Notes to the profit and loss account
of which for pensions 13 501 12 925
Other personnel expenses 5 058 5 448
Subtotal 103 196 91 672
Adjustment of liability for Long Term Incentive Scheme -4 500 4 270
Total 98 696 95 942
Emoluments to members of the Executive Board 2 633 6 205
35 Operating expenses (TCHF) 2011 2010
Occupancy expense 9 714 7 367
Expenses for IT, machinery, furniture, vehicles and other equipment 45 052 47 920
Other business expenses 65 405 72 012
Total 120 171 127 299