Income Statement - Integrated Annual Report and Remuneration Report 2020

CHF millions	Note	2020	2019

Dividend income		39.3	38.6
Income generated from licenses		9.2	10.4
Management fees		8.7	10.2
Other income		20.3	2.6
Total income		77.5	61.8

Personnel expenses		– 16.5	– 10.7
– Administrative expenses		– 13.7	– 6.6
– Promotional expenses		– 1.3	– 1.8
– various operating expenses		– 2.6	– 2.3
Other operating expenses		– 17.6	– 10.7
Depreciation of tangible assets		– 0.1	– 0.1
Depreciation of intangible assets		– 2.5	–

Operating Result (EBIT)		40.8	40.3

Interest expenses		– 0.1	–
Currency exchange losses		– 1.8	– 12.7
Total financial expenses		– 1.9	– 12.7

Interest income		4.9	4.0
Currency exchange gains		1.4	2.5
Total financial income		6.3	6.5

Ordinary Result		45.2	34.1
Extraordinary income	2/4	0.2	–

Annual Profit Before Taxes		45.4	34.1
Income taxes		– 1.0	– 0.7
Annual Profit		44.4	33.4