Income statement

CHF millions	Note	2022	2021

Dividend income		31.0	42.0
Income generated from licenses		12.8	12.0
Management fees		12.1	9.6
Other income		18.7	20.5
Total income		74.6	84.1

Personnel expenses		– 16.4	– 16.9
– Administrative expenses		– 17.3	– 16.1
– Promotional expenses		– 1.2	– 0.9
– various operating expenses		– 2.6	– 2.5
Other operating expenses		– 21.1	– 19.5
Depreciation		– 0.1	– 0.1
Amortisation		– 1.7	– 1.8

Operating Result (EBIT)		35.3	45.8

Currency exchange losses		– 15.4	– 16.8
Total financial expenses		– 15.4	– 16.8

Interest income		1.8	3.9
Currency exchange gains		10.3	2.1
Total financial income		12.1	6.0

Ordinary Result		32.0	35.0
Extraordinary result	6	– 0.3	–

Annual Profit Before Taxes		31.7	35.0
Income taxes		– 0.2	–
Annual Profit		31.5	35.0