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39First-Half Financial Report 2008Condensed Financial StatementsCondensed Notes to the Consolidated Financial Statements (unaudited)19 Acquisitions and Disposals of Subsidiaries (continued)Results from discontinued operationsIn CHF million 2008 HY 2007 HY 2008 HY 2007 HY 2008 HY 2007 HYInsurance Insurance Banking Banking(Discontinued) (Discontinued) (Discontinued) (Discontinued) Total TotalIncome 1 164 1 672 103 438 1 267 2 110Expenses –1 095 –1 577 –95 –321 –1 190 –1 898Gain/loss on remeasurement to fair value less costs to sell – – – – – –Gain/loss on disposal of operations 1 034 – 591 – 1 625 –Profit before income tax 1 103 95 599 117 1 702 212Income tax expense on profit from ordinary activitiesfrom discontinued operations –62 20 –3 –22 –65 –2Income tax expense on the gain/loss on remeasurementto fair value less costs to sell/disposal of operations –150 – –2 – –152 –Net profit from discontinued operations 891 115 594 95 1 485 210