6 Details of Certain Items in the Consolidated Statement of Income

Asset management and other commission income
In CHF million    2008 HY2007 HY
Fiduciary and portfolio management fees    4852
Brokerage commissions    2532
Fees earned on loans and deposits    10
Other commissions and fees    4850
Total asset management and other commission income    350104


Investment income
In CHF million    2008 HY2007 HY
Interest income on financial assets held to maturity and available for sale    1 2711 394
Interest income on loans    414442
Other interest income    105121
Dividend income on financial assets available for sale    336395
Net income on investment property    274254
Total investment income    2 4002 606


Net gains/losses on financial assets
In CHF million  Notes  2008 HY2007 HY
  
Sale of   
financial assets held to maturity   
financial assets available for sale    –300133
loans    150
Net gains/losses from sales    –285133
Impairment losses on   
financial assets held to maturity   
financial assets available for sale  9  –847–3
loans    103
receivables    –2–1
Impairment losses on financial assets    –839–1
Foreign currency gains/losses    –1 142614
Total net gains/losses on financial assets    –2 266746


Net gains/losses on financial instruments at fair value through profit or loss
In CHF million    2008 HY2007 HY
Net gains/losses on derivatives and other financial instruments held for trading   
Interest rate instruments    1047
Equity instruments    30973
Foreign currency and other instruments    1 015–607
Total net gains/losses on derivatives and other financial instruments held for trading    1 334–487
Net gains/losses on financial instruments designated as at fair value through profit or loss   
Financial assets    –1 4951 391
Financial liabilities    1 201–925
Total net gains/losses on financial instruments designated as at fair value through profit or loss    –294466
Total net gains/losses on financial instruments at fair value through profit or loss    1 040–21


Other income
In CHF million    2008 HY2007 HY
Realised gains/losses on sales of subsidiaries and other assets    1–3
Other foreign currency gains/losses    80–52
Other    3118
Total other income    112–37


Net insurance benefits and claims
In CHF million    2008 HY2007 HY
Net benefits and claims under insurance contracts   
Life benefits and claims    7 8685 613
Change in future life policyholder benefits    2432 381
Non-life claims    182145
Benefits and claims under investment contracts with discretionary participation   
Life benefits and claims    9790
Change in future life policyholder benefits    6917
Total net insurance benefits and claims    8 4598 246


Interest expense
In CHF million    2008 HY2007 HY
Interest expense on deposits    2420
Interest expense on investment contracts    70122
Interest expense on deposits under insurance contracts    7482
Other interest expense    3124
Total interest expense    199248


Commission expense
In CHF million    2008 HY2007 HY
Insurance agent and broker commissions    224234
Asset management and banking commissions    2324
Other commissions and fees    13870
Total commission expense    385328


Employee benefits expense
In CHF million    2008 HY2007 HY
Wages and salaries    303264
Social security    8274
Defined benefit plans    5855
Defined contribution plans    11
Other employee benefits    3340
Total employee benefits expense    477434


Depreciation and amortisation expense
In CHF million  Notes  2008 HY2007 HY
Depreciation of property and equipment    2222
Amortisation of present value of future profits  12  00
Amortisation of deferred acquisition costs  12  193243
Amortisation of deferred origination costs  12  11
Amortisation of other intangible assets  12  155
Total depreciation and amortisation expense    231271


Other expenses
In CHF million    2008 HY2007 HY
Marketing and advertising    5420
Information technology and systems    4738
Rental, maintenance and repair expenses    3527
Professional services    10784
Other    11592
Total other expenses    358261


 
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