Annual Report 2011 - Hong Kong Monetary Authority

94 2011 ANNUAL REPORT - BANQUE PRIVÉE EDMOND DE ROTHSCHILD SA
2011 2010 Change
(in CHF ‘000) (in CHF ‘000) (in %)
30 Interest payable Total 10,574 5,462 93.6
To banks 1,485 1,657 (10.4)
On customer deposits 9,089 3,805 138.9
10,574 5,462
31 Commission income on securities and investment transactions Total 556,675 571,652 (2.6)
This heading covers brokerage fees, custody fees, management fees, advisory fees and commissions
on investment activities (fiduciary loans and deposits, gold, currency options, futures, investment trusts,
securities transfers and new issues).
32 Commission income on other service operations Total 70,486 76,047 (7.3)
Commissions on other services consist of administration fees charged to customers and commissions
for safe rentals, money transfers, cheques and other services.
33 Results of trading operations Total 87,851 95,816 (8.3)
Securities trading (including equity product and index derivatives) 18,300 30,377 (39.8)
Forex trading (including forex derivatives) 68,528 64,769 5.8
Precious metals (including precious metals derivatives) 1,023 670 52.7
87,851 95,816
Income and expenses arising from trading portfolios – profits and losses on trades, along with interest
and dividends – are included in “Results of trading operations”. The Group does not debit portfolio
refinancing costs to these results. Results of securities lending and borrowing appear in “Interest
income, net”.
34 Other ordinary income Total 15,064 15,479 (2.7)
This heading mainly covers fees received, coupon collection income and VAT refunds.