Annual Report 2010 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) 2010 2009
Interest income from bonds 44 758 54 275
Interest income from money market paper 6 387 50 680
Total 51 145 104 955
33 Income from trading transactions (TCHF) Reported in the P & L under 2010 2009
Interest income from fixed-interest securities Interest income 581 1 467
Trading in foreign exchange and precious metals Income from financial transactions 57 654 39 353
Securities trading Income from financial transactions 5 040 -11 952
Total 63 275 28 868
34 Personnel expenses (TCHF) 2010 2009
Wages and salaries 72 370 76 764
Social security contributions, pensions and social assistance 13 854 14 597
Notes to the profit and loss account
of which for pensions 12 925 13 644
Other personnel expenses 5 448 6 299
Subtotal 91 672 97 660
Adjustment of liability for Long Term Incentive Scheme 4 270 5 660
Total 95 942 103 320
Emoluments to members of the Executive Board 6 205 7 872
35 Operating expenses (TCHF) 2010 2009
Occupancy expense 7 367 8 203
Expenses for IT, machinery, furniture, vehicles and other equipment 47 920 46 473
Other business expenses 72 012 82 510
Total 127 299 137 186