Annual Report 2005 - Bank am Bellevue
Annual Report 2005 - Bank am Bellevue
Annual Report 2005 - Bank am Bellevue
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Consolidated financial statements<br />
Profit and loss account<br />
Profit and loss account<br />
CHF 1,000<br />
Note <strong>2005</strong> 2004<br />
Net interest income<br />
Interest and discount income 21,222 15,485<br />
Dividend income 2,183 877<br />
Interest expenses –9,788 –5,055<br />
Subtotal: Net interest income 13,617 11,307<br />
Net commission and service fee income<br />
Commission income from lending activities 96 143<br />
Commission income from securities and investment business 20 85,422 66,842<br />
Commission income from other services 3,420 2,440<br />
Commission expenses –7,315 –6,924<br />
Subtotal: Net commission and service fee income 81,623 62,501<br />
Net trading income<br />
Securities trading 7,797 3,660<br />
Foreign exchange trading 4,280 3,394<br />
Subtotal: Net trading income 12,077 7,054<br />
Other ordinary income<br />
Real estate income 253 258<br />
Income from associated companies 0 234<br />
Income from sales of financial investments 8,744 1,966<br />
Sundry ordinary expenses –1,427 –1,052<br />
Sundry ordinary income 3,216 1,628<br />
Subtotal: Other ordinary income 10,786 3,034<br />
Net operating income 118,103 83,896<br />
Operating expenses<br />
Personnel expenses 21 –24,035 –23,886<br />
Other operating expenses 22 –17,631 –12,117<br />
Subtotal: Operating expenses –41,666 –36,003<br />
Gross operating profit 76,437 47,893<br />
Depreciation and <strong>am</strong>ortization on fixed assets 23 –1,405 –1,324<br />
Depreciation and <strong>am</strong>ortization on intangible fixed assets 23 –2,142 –392<br />
Valuation adjustments, provisions and losses 13 –3,015 –726<br />
Taxes 24 –6,041 –4,198<br />
Group net profit 63,834 41,253<br />
Attributable to: – Shareholders of Swissfirst AG 59,719 38,368<br />
– Minority interests 4,115 2,885<br />
CHF 1,000<br />
Note <strong>2005</strong> 2004<br />
Earnings per share 25 6.02 3.95*<br />
Earnings per share (diluted) 25 5.98 3.84*<br />
Earnings per share on the aggregate par value 5.69 3.84*<br />
* adjusted for the 2-for-1 split on 17.5.<strong>2005</strong>