6 Details of Certain Items in the Consolidated Statement of Income


Commission income
In CHF million  
  2014 HY 2013 HY
Brokerage commissions
  261 245
Asset management commissions
  83 66
Other commissions and fees
  90 82
Total commission income
  435 393


Investment income
In CHF million  
  2014 HY 2013 HY
Interest income on financial assets available for sale
  1 373 1 339
Interest income on loans and receivables
  426 465
Other interest income
  3 3
Dividend income on financial assets available for sale
  68 30
Net income on investment property
  348 316
Total investment income
  2 217 2 154


Net gains/losses on financial assets
In CHF million  
  2014 HY 2013 HY
Sale of
 
financial assets available for sale
  46 484
loans
  82 158
Net gains/losses from sales
  128 642
Impairment losses on
 
debt securities available for sale
  0 0
equity securities available for sale
  –2 –5
loans and receivables
  1 2
Impairment losses on financial assets
  –1 –3
Foreign currency gains/losses
  –35 506
Total net gains/losses on financial assets
  92 1 146


Net gains/losses on financial instruments at fair value through profit or loss
In CHF million  
  2014 HY 2013 HY
Interest rate derivatives
  125 48
Equity derivatives
  –12 –33
Currency derivatives
  –48 –606
Other derivatives
  –7 0
Financial assets designated as at fair value through profit or loss
  99 116
Financial liabilities designated as at fair value through profit or loss
  –8 13
Associates at fair value through profit or loss
  25 10
Financial instruments for the account and risk of the Swiss Life Group's customers
  6 –11
Total net gains/losses on financial instruments at fair value through profit or loss
  179 –463


Other income
In CHF million  
  2014 HY 2013 HY
Realised gains/losses on sales of subsidiaries and other assets
  0 0
Other foreign currency gains/losses
  10 –31
Other
  4 4
Total other income
  14 –27


Net insurance benefits and claims
In CHF million  
  2014 HY 2013 HY
Benefits and claims under insurance contracts
 
Life benefits and claims paid, gross
  5 112 5 323
Change in liability for future life policyholder benefits, gross
  3 274 2 530
Non-life claims paid, gross
  140 143
Change in reserve for non-life claims, gross
  –17 –10
Benefits and claims recovered from reinsurers
  –46 –59
Net benefits and claims under insurance contracts
  8 462 7 927
Benefits and claims under investment contracts with discretionary participation
 
Life benefits and claims paid, gross
  217 203
Change in liability for future life policyholder benefits, gross
  170 154
Net benefits and claims under investment contracts with discretionary participation
  387 357
Total net insurance benefits and claims
  8 849 8 284


Interest expense
In CHF million  
  2014 HY 2013 HY
Interest expense on deposits
  13 12
Interest expense on investment contracts
  41 53
Interest expense on deposits under insurance contracts
  36 39
Other interest expense
  15 20
Total interest expense
  105 124


Commission expense
In CHF million  
  2014 HY 2013 HY
Insurance agent and broker commissions
  372 370
Asset management and banking commissions
  30 31
Other commissions and fees
  14 11
Total commission expense
  416 412


Employee benefits expense
In CHF million  
  2014 HY 2013 HY
Wages and salaries
  286 293
Social security
  64 61
Defined benefit plans
  44 47
Defined contribution plans
  1 1
Other employee benefits
  21 15
Total employee benefits expense
  416 416


Depreciation and amortisation expense
In CHF million  
Notes  2014 HY 2013 HY
Depreciation of property and equipment
  12 12
Amortisation of present value of future profits (PVP)
11  1 2
Amortisation of deferred acquisition costs (DAC)
11  220 180
Amortisation of deferred origination costs (DOC)
11  6 6
Amortisation of other intangible assets
11  14 12
Total depreciation and amortisation expense
  253 212


Other expenses
In CHF million  
  2014 HY 2013 HY
Marketing and advertising
  24 34
Information technology and systems
  37 36
Rental, maintenance and repair
  31 31
Professional services
  83 76
Premium taxes and other non-income taxes
  27 26
Other
  39 41
Total other expenses
  241 244


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