Consolidated Income Statement In thousands of Swiss Francs (CHF) Year Interest income Interest and discount income Interest and dividend income on financial investments Interest expense Net interest income Income Statement Commission income on lending activities Commission income on asset management Commission income on other services Commission expenses Net commission income Income from trading operations Other ordinary income Results from sale of financial investments Other ordinary income Total other ordinary income Operating expenses Personnel expenses Other operating expenses Total operating expenses Gross profit (loss) Depreciation and write-offs of non-current assets Valuation adjustments, provisions and losses Extraordinary expenses Extraordinary income Taxes Net Profit December 31 2006 16,854 507 (10,173) 7,188 380 2,121 195 (641) 2,055 170 - 1 1 (3,066) (2,544) (5,610) 3,804 (612) (790) - 95 (60) 2,437 December 31 2005 9,315 760 (4,886) 5,189 271 1,757 158 (535) 1,651 198 - 761 761 (2,537) (2,164) (4,701) 3,098 (509) (1,236) - 90 (59) 1,384 December 31 2004 3,482 893 (2,000) 2,375 220 1,319 139 (271) 1,461 176 - 901 901 (2,133) (1,746) (3,879) 1,034 (446) (445) - 118 (94) 167 December 31 2003 2,600 1,013 (1,499) 2,114 151 1,187 100 (241) 1,197 121 (216) 8 (208) (2,066) (1,578) (3,644) (420) (313) (217) -54 1.326 (60) 262 December 31 2002 3,001 1,537 (1,596) 2,942 225 1,094 76 (10) 1,385 91 - 4 4 (1,626) (1,549) (3,175) 1,247 (173) (535) - 271 (102) 708 B A N C O M E R C A N T I L ( S C H W E I Z ) 7
A N N U A L R E P O R T 2 0 0 6 8 OTERO, Alejandro Serie de las cafeteras, Hacia 1947. (Coffee-pot series, About 1947). Oil on fabric. 80.6 x 65 cm. <strong>Mercantil</strong> Collection.