Annual Report 2011 - Hong Kong Monetary Authority
Annual Report 2011 - Hong Kong Monetary Authority
Annual Report 2011 - Hong Kong Monetary Authority
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<strong>2011</strong> 2010<br />
42 Earnings per share<br />
Group earnings after deduction of portion due to minority interests (in thousands of CHF)<br />
Weighted average of number of shares outstanding<br />
116,264 135,775<br />
Bearer shares (par value CHF 500.–) 50,000 50,000<br />
Registered shares (par value CHF 100.–)<br />
Weighted average of number of shares used to calculate earnings per share (with a par value of CHF 500.–)<br />
200,000 200,000<br />
after deducting own shares held by the Bank (Treasury stock) 87,666 87,696<br />
Earnings per bearer share (in CHF) 1,326.22 1,548.25<br />
Earnings per registered share (in CHF) 265.24 309.65<br />
<strong>2011</strong> 2010<br />
Swiss Foreign Total Swiss Foreign Total<br />
43 Breakdown of Group results by Swiss<br />
and foreign origin (in thousands of CHF)<br />
Interest and discount income 28,625 41,940 70,565 22,451 31,802 54,253<br />
Interest and dividend income on trading portfolios 66 54 120 38 363 401<br />
Interest and dividend income on financial investments 4,553 178 4,731 4,817 253 5,070<br />
Interest payable 1,545 9,029 10,574 1,153 4,309 5,462<br />
Interest income, net 31,699 33,143 64,842 26,153 28,109 54,262<br />
Commission income on lending activities 779 586 1,365 933 697 1,630<br />
Commission income on trading operations and investments 223,134 333,541 556,675 230,742 340,910 571,652<br />
Commission income on other services 26,292 44,194 70,486 28,907 47,140 76,047<br />
Commissions payable 46,380 77,988 124,368 44,613 70,118 114,731<br />
Fee and commission income, net 203,825 300,333 504,158 215,969 318,629 534,598<br />
Results of trading operations 43,454 44,397 87,851 42,944 52,872 95,816<br />
Proceeds from the sale of financial investments 5,215 (288) 4,927 (833) 844 11<br />
Total income from holdings 17,602 4,387 21,989 18,549 4,285 22,834<br />
Real estate income 1,242 593 1,835 792 414 1,206<br />
Other ordinary income 10,553 4,511 15,064 10,173 5,306 15,479<br />
Other ordinary expenses 1,408 122 1,530 451 22 473<br />
Other ordinary results 33,204 9,081 42,285 28,230 10,827 39,057<br />
Personnel expenses 190,408 166,574 356,982 187,772 184,433 372,205<br />
Other operating expenses 65,825 68,624 134,449 59,690 68,125 127,815<br />
Operating expenses 256,233 235,198 491,431 247,462 252,558 500,020<br />
Gross profit 55,949 151,756 207,705 65,834 157,879 223,713<br />
Depreciation of fixed assets 25,213 10,825 36,038 21,796 12,901 34,697<br />
Valuation adjustments, provisions and losses 1,768 4,369 6,137 2,802 7,410 10,212<br />
Result before extraordinary items and taxes 28,968 136,562 165,530 41,236 137,568 178,804<br />
Extraordinary income 8,203 4,072 12,275 28,181 12,566 40,747<br />
Extraordinary expenses 11,784 11,263 23,047 38,251 3,933 42,184<br />
Taxes 10,922 18,772 29,694 12,071 15,398 27,469<br />
Consolidated net income 14,465 110,599 125,064 19,095 130,803 149,898<br />
This breakdown of results by Swiss and foreign origin is based on the location of business operations.<br />
FINANCIAL REPORT CONSOLIDATED ACCOUNTS 97