8 Details of Certain Items in the Consolidated Statement of Income

Asset management and other commission income
In CHF million  20082007
Fiduciary and portfolio management fees  100103
Brokerage commissions  7377
Fees earned on loans and deposits  10
Other commissions and fees  11286
Total asset management and other commission income  950196


Investment income
In CHF million  20082007
Interest income on financial assets held to maturity and available for sale  1 9262 615
Interest income on loans  1 522880
Other interest income  186183
Dividend income on financial assets available for sale  390698
Net income on investment property  539502
Total investment income  4 5634 878


Net gains/losses on financial assets
In CHF millionNotes  20082007
 
Sale of 
financial assets available for sale27  –692452
loans  792
Net gains/losses from sales  –613454
Impairment losses on 
debt instruments available for sale27  –108–630
equity instruments available for sale27  –3 000–114
loans13  –32–1
receivables  –7–7
Impairment losses on financial assets  –3 147–752
Foreign currency gains/losses  –2 250293
Total net gains/losses on financial assets  –6 010–5


Net gains/losses on financial instruments at fair value through profit or loss
In CHF million  20082007
Net gains/losses on derivatives and financial instruments held for trading 
Interest rate instruments  8094
Equity instruments  916–105
Foreign currency and other instruments  1 754–516
Total net gains/losses on derivatives and financial instruments held for trading  2 750–527
Net gains/losses on financial instruments designated as at fair value through profit or loss 
Financial assets  –4 0251 066
Financial liabilities  3 128–718
Total net gains/losses on financial instruments designated as at fair value through profit or loss  –897348
Total net gains/losses on financial instruments at fair value through profit or loss  1 853–179


Other income
In CHF million  20082007
Realised gains/losses on sales of subsidiaries and other assets  –6133
Other foreign currency gains/losses  242–42
Other  5656
Total other income  292147


Net insurance benefits and claims
In CHF million  20082007
Net benefits and claims under insurance contracts 
Life benefits and claims  13 29210 610
Change in future life policyholder benefits  –8832 206
Non-life claims  322328
Benefits and claims under investment contracts with discretionary participation 
Life benefits and claims  11294
Change in future life policyholder benefits  7230
Total net insurance benefits and claims  12 91513 268


Interest expense
In CHF millionNotes  20082007
Interest expense on deposits  5040
Interest expense on investment contracts  143200
Interest expense on deposits under insurance contracts23  146162
Other interest expense  5453
Total interest expense  393455


Commission expense
In CHF million  20082007
Insurance agent and broker commissions  448527
Asset management and banking commissions  5340
Other commissions and fees  46253
Total commission expense  963620


Employee benefits expense
In CHF millionNotes  20082007
Wages and salaries  676536
Social security  169147
Defined benefit plans24  112105
Defined contribution plans  11
Other employee benefits  8381
Total employee benefits expense  1 041870


Depreciation and amortisation expense
In CHF millionNotes  20082007
Depreciation of property and equipment17  5046
Amortisation of present value of future profits (PVP)18  11
Amortisation of deferred acquisition costs (DAC)18  425388
Amortisation of deferred origination costs (DOC)18  22
Amortisation of other intangible assets18  4011
Total depreciation and amortisation expense  518448


Other expenses
In CHF million  20082007
Marketing and advertising  12446
Information technology and systems  10185
Rental, maintenance and repair expenses  7956
Professional services  274163
Other  215195
Total other expenses  793545


Net gains/losses on financial instruments at fair value through profit or loss from continuing operations include interest and dividend income of CHF 54 million for the period ended 31 December 2008 (2007: CHF 132 million). Net gains/losses on liabilities designated as at fair value through profit or loss from continuing operations include changes attributable to credit risk: nil for the period ended 31 December 2008 (2007: nil).

 
Back