BANCO MERCANTIL (SCHWEIZ) AG ZURICH Report of the Group ...

Consolidated Income Statement
in CHF 2006 2005 Change
Ordinary operating income and expense
Interest income
Interest and discount income 16'853'927
Interest and dividend income on financial investments 507'085
Interest expense -10'172'560
Net interest income 7'188'452
Income from commission and services
Commission income on lending activities 379'982
Commission income on asset management 2'121'023
Commission income on other services 195'489
Commission expense -641'050
Net commission income 2'055'444
Income from trading operations 169'644
9'314'643
759'903
-4'886'279
5'188'267
271'368
1'756'755
157'804
-535'299
1'650'628
198'360
7'539'284
-252'818
-5'286'281
2'000'185
108'614
364'268
37'685
-105'751
404'816
-28'716
Other ordinary income
Results from sale of financial investments - - -
Other ordinary income 1'144 761'160 -760'016
Other ordinary expense - - -
Total other ordinary income 1'144 761'160 -760'016
Total operating income 9'414'684
Operating expenses
Personnel expenses -3'066'285
Other operating expenses -2'544'159
Total operating expenses -5'610'444
Gross profit 3'804'240
Consolidated net income for the year
Gross profit 3'804'240
Depreciation and write-offs of non-current assets -612'056
Valuation adjustments, provisions and losses -790'915
Subtotal 2'401'269
7'798'415
-2'536'595
-2'164'474
-4'701'069
3'097'346
3'097'346
-508'728
-1'234'930
1'353'688
1'616'269
-529'690
-379'685
-909'375
706'894
706'894
-103'328
444'015
1'047'581
Extraordinary income 95'234 90'086
5'148
Extraordinary expenses - - -
Taxes -60'000 -59'366
-634
Consolidated net income for the year 2'436'503
1'384'408
1'052'095