Income Statement - Integrated Annual Report and Remuneration Report 2021

CHF millions	Note	2021	2020

Dividend income		42.0	39.3
Income generated from licenses		12.0	9.2
Management fees		9.6	8.7
Other income		20.5	20.3
Total income		84.1	77.5

Personnel expenses		– 16.9	– 16.5
– Administrative expenses		– 16.1	– 13.7
– Promotional expenses		– 0.9	– 1.3
– various operating expenses		– 2.5	– 2.6
Other operating expenses		– 19.5	– 17.6
Depreciation of tangible assets		– 0.1	– 0.1
Depreciation of intangible assets		– 1.8	– 2.5

Operating Result (EBIT)		45.8	40.8

Interest expenses		–	– 0.1
Currency exchange losses		– 16.8	– 1.8
Total financial expenses		– 16.8	– 1.9

Interest income		3.9	4.9
Currency exchange gains		2.1	1.4
Total financial income		6.0	6.3

Ordinary Result		35.0	45.2
Income relating to other periods		–	0.2

Annual Profit Before Taxes		35.0	45.4
Income taxes		–	– 1.0
Annual Profit		35.0	44.4