Income statement - Integrated annual report 2023

CHF millions	Note	2023	2022

Dividend income		39.4	31.0
Income generated from licenses		13.9	12.8
Management fees		14.4	12.1
Other income		23.1	18.7
Total income		90.8	74.6

Personnel expenses		– 16.4	– 16.4
– Administrative expenses		– 22.2	– 17.3
– Promotional expenses		– 1.9	– 1.2
– various operating expenses		– 2.8	– 2.6
Other operating expenses		– 26.9	– 21.1
Depreciation		– 0.1	– 0.1
Amortisation		– 1.4	– 1.7

Operating result (EBIT)		46.0	35.3

Interest expenses		– 0.1	–
Currency exchange losses		– 10.6	– 15.4
Total financial expenses		– 10.7	– 15.4

Interest income		6.0	1.8
Currency exchange gains		4.1	10.3
Total financial income		10.1	12.1

Ordinary result		45.4	32.0
Extraordinary result	6	–	– 0.3
Earnings relating to other periods	7	0.4	–

Annual profit before taxes		45.8	31.7
Income taxes		– 0.9	– 0.2
Annual profit		44.9	31.5