8 Details of Certain Items in the Consolidated Statement of Income

Commission income
In CHF million 
  20092008
Asset management commissions
  95100
Brokerage commissions
  736737
Fees earned on loans and deposits
  01
Other commissions and fees
  103112
Total commission income
  934950


Investment income
In CHF million 
  20092008
Interest income on financial assets held to maturity and available for sale
  1 8141 926
Interest income on loans and receivables
  1 6941 562
Other interest income
  19146
Dividend income on financial assets available for sale
  103390
Net income on investment property
  577539
Total investment income
  4 2074 563


Net gains/losses on financial assets
In CHF million 
Notes  20092008
Sale of
 
financial assets available for sale
26  495–692
loans
  –6479
Net gains/losses from sales
  431–613
Impairment losses on
 
debt instruments available for sale
26  6–108
equity instruments available for sale
26  –180–3 000
loans and receivables
12  –83–39
Impairment losses on financial assets
  –257–3 147
Foreign currency gains/losses
  –292–2 250
Total net gains/losses on financial assets
  –118–6 010


Net gains/losses on financial instruments at fair value through profit or loss
In CHF million 
Notes  20092008
Interest rate derivatives
  2378
Equity derivatives
  –328933
Currency derivatives
  1901 841
Other derivatives
  –31–87
Financial assets designated as at fair value through profit or loss
  445–973
Financial liabilities designated as at fair value through profit or loss
  –85
Financial instruments held for trading
  1–7
Financial instruments for the account and risk of the Swiss Life Group's customers
5  2463
Fair value hedges
9  –10
Total net gains/losses on financial instruments at fair value through profit or loss
  3151 853


Other income
In CHF million 
  20092008
Realised gains/losses on sales of subsidiaries and other assets
  13–6
Net gains on repurchased financial liabilities
  95
Other foreign currency gains/losses
  7242
Other
  4456
Total other income
  159292


Net insurance benefits and claims
In CHF million 
  20092008
Benefits and claims under insurance contracts
 
Life benefits and claims paid, gross
  10 78113 601
Change in liability for future life policyholder benefits, gross
  700–1 113
Non-life claims paid, gross
  343331
Change in reserve for non-life claims, gross
  3425
Benefits and claims recovered from reinsurers
  –103–113
Net benefits and claims under insurance contracts
  11 75512 731
Benefits and claims under investment contracts with discretionary participation
 
Life benefits and claims paid, gross
  111112
Change in liability for future life policyholder benefits, gross
  1872
Net benefits and claims under investment contracts with discretionary participation
  129184
Total net insurance benefits and claims
  11 88412 915


Interest expense
In CHF million 
Notes  20092008
Interest expense on deposits
  3650
Interest expense on investment contracts
19  136143
Interest expense on deposits under insurance contracts
22  139146
Other interest expense
  4254
Total interest expense
  353393


Commission expense
In CHF million 
  20092008
Insurance agent and broker commissions
  916877
Asset management and banking commissions
  4753
Other commissions and fees
  4533
Total commission expense
  1 008963


Employee benefits expense
In CHF million 
Notes  20092008
Wages and salaries
  674676
Social security
  172169
Defined benefit plans
23  118112
Defined contribution plans
  11
Other employee benefits
  8483
Total employee benefits expense
  1 0491 041


Depreciation and amortisation expense
In CHF million 
Notes  20092008
Depreciation of property and equipment
16  4750
Amortisation of present value of future profits (PVP)
17  11
Amortisation of deferred acquisition costs (DAC)
17  533425
Amortisation of deferred origination costs (DOC)
17  72
Amortisation of other intangible assets
17  4540
Total depreciation and amortisation expense
  633518


Other expenses
In CHF million 
  20092008
Marketing and advertising
  111124
Information technology and systems
  107101
Rental, maintenance and repair expenses
  8379
Professional services
  206274
Other
  257215
Total other expenses
  764793


Net gains/losses on financial instruments at fair value through profit or loss from continuing operations include interest and dividend income of CHF 84 million for the period ended 31 December 2009 (2008: CHF 54 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 2009 (2008: nil).

 
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