Income statement - Integrated annual report 2024

CHF millions	Note	2024	2023

Dividend income		40.9	39.4
Income generated from licenses		13.6	13.9
Management fees		14.4	14.4
Other income		20.5	23.1
Total income		89.4	90.8

Personnel expenses		– 16.2	– 16.4
– Administrative expenses		– 20.6	– 22.2
– Promotional expenses		– 1.3	– 1.9
– various operating expenses		– 2.6	– 2.8
Other operating expenses		– 24.5	– 26.9
Depreciation		– 0.2	– 0.1
Amortisation		– 0.7	– 1.4

Operating result		47.8	46.0

Interest expenses		– 0.3	– 0.1
Currency exchange losses		– 9.5	– 10.6
Total financial expenses		– 9.8	– 10.7

Interest income		14.1	6.0
Currency exchange gains		8.2	4.1
Total financial income		22.3	10.1

Ordinary result		60.3	45.4
Earnings relating to other periods		–	0.4

Annual profit before taxes		60.3	45.8
Income taxes		– 2.4	– 0.9
Annual profit		57.9	44.9