6 Details of Certain Items in the Consolidated Statement of Income

Commission income
In CHF million  2009 HY2008 HY
Asset management commissions  4048
Brokerage commissions  354253
Fees earned on loans and deposits  01
Other commissions and fees  5648
Total commission income  450350


Investment income
In CHF million  2009 HY2008 HY
Interest income on financial assets held to maturity and available for sale  8941 271
Interest income on loans and receivables  886443
Other interest income  1276
Dividend income on financial assets available for sale  52336
Net income on investment property  304274
Total investment income  2 1482 400


Net gains/losses on financial assets
In CHF million  2009 HY2008 HY
 
Sale of 
financial assets available for sale  –37–300
loans  –4615
Net gains/losses from sales  –83–285
Impairment losses on 
debt instruments available for sale  24
equity instruments available for sale  –137–847
loans and receivables  –328
Impairment losses on financial assets  –145–839
Foreign currency gains/losses  669–1 142
Total net gains/losses on financial assets  441–2 266


Net gains/losses on financial instruments at fair value through profit or loss
In CHF million  2009 HY2008 HY
Net gains/losses on derivatives and financial instruments held for trading 
Interest rate instruments  6310
Equity instruments  –137309
Foreign currency and other instruments  –6361 015
Total net gains/losses on derivatives and financial instruments held for trading  –7101 334
Net gains/losses on financial instruments designated as at fair value through profit or loss 
Financial assets  12–1 495
Financial liabilities  1231 201
Total net gains/losses on financial instruments designated as at fair value through profit or loss  135–294
Total net gains/losses on financial instruments at fair value through profit or loss  –5751 040


Other income
In CHF million  2009 HY2008 HY
Realised gains/losses on sales of subsidiaries and other assets  –61
Gains on repurchased hybrid debt  35
Other foreign currency gains/losses  –6380
Other  3031
Total other income  –4112


Net insurance benefits and claims
In CHF million  2009 HY2008 HY
Benefits and claims under insurance contracts 
Life benefits and claims paid, gross  5 9198 352
Change in liability for future life policyholder benefits, gross  1 254–147
Non-life claims paid, gross  179171
Change in reserve for non-life claims, gross  517
Benefits and claims recovered from reinsurers  –22–100
Net benefits and claims under insurance contracts  7 3358 293
Benefits and claims under investment contracts with discretionary participation 
Life benefits and claims paid, gross  9897
Change in liability for future life policyholder benefits, gross  1369
Net benefits and claims under investment contracts with discretionary participation  111166
Total net insurance benefits and claims  7 4468 459


Interest expense
In CHF million  2009 HY2008 HY
Interest expense on deposits  1724
Interest expense on investment contracts  7270
Interest expense on deposits under insurance contracts  6774
Other interest expense  2431
Total interest expense  180199


Commission expense
In CHF million  2009 HY2008 HY
Insurance agent and broker commissions  437346
Asset management and banking commissions  2123
Other commissions and fees  1816
Total commission expense  476385


Employee benefits expense
In CHF million  2009 HY2008 HY
Wages and salaries  332303
Social security  8482
Defined benefit plans  6058
Defined contribution plans  11
Other employee benefits  2333
Total employee benefits expense  500477


Depreciation and amortisation expense
In CHF million  2009 HY2008 HY
Depreciation of property and equipment  2522
Amortisation of present value of future profits (PVP)  00
Amortisation of deferred acquisition costs (DAC)  265193
Amortisation of deferred origination costs (DOC)  11
Amortisation of other intangible assets  2215
Total depreciation and amortisation expense  313231


Other expenses
In CHF million  2009 HY2008 HY
Marketing and advertising  5554
Information technology and systems  4947
Rental, maintenance and repair expenses  4235
Professional services  92107
Other  119115
Total other expenses  357358


 
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