6 Details of Certain Items in the Consolidated Statement of Income


Commission income
In CHF million  
  2015 HY 2014 HY
Brokerage commissions
  235 261
Asset management commissions
  156 83
Other commissions and fees
  86 90
Total commission income
  477 435


Investment income
In CHF million  
  2015 HY 2014 HY
Interest income on financial assets available for sale
  1 277 1 373
Interest income on loans and receivables
  360 426
Other interest income
  1 3
Dividend income on financial assets available for sale
  179 68
Net income on investment property
  365 348
Total investment income
  2 182 2 217


Net gains/losses on financial assets
In CHF million  
  2015 HY 2014 HY
Sale of
 
financial assets available for sale
  432 46
loans
  14 82
Net gains/losses from sales
  446 128
Impairment losses on
 
debt securities available for sale
  4 0
equity securities available for sale
  –8 –2
loans and receivables
  –7 1
Impairment losses on financial assets
  –11 –1
Foreign currency gains/losses
  –1 985 –35
Total net gains/losses on financial assets
  –1 549 92


Net gains/losses on financial instruments at fair value through profit or loss
In CHF million  
  2015 HY 2014 HY
Currency derivatives
  1 399 –48
Interest rate derivatives
  412 125
Equity derivatives
  –39 –12
Other derivatives
  6 –7
Financial assets designated as at fair value through profit or loss
  –7 99
Financial liabilities designated as at fair value through profit or loss
  –54 –8
Associates at fair value through profit or loss
  –12 25
Assets for the account and risk of the Swiss Life Group's customers
  688 787
Unit-linked contracts
  –688 –781
Total net gains/losses on financial instruments at fair value through profit or loss
  1 704 179


Other income
In CHF million  
  2015 HY 2014 HY
Realised gains/losses on sales of subsidiaries and other assets
  0 0
Net income on inventory property
  10 0
Other foreign currency gains/losses
  281 10
Other
  4 4
Total other income
  296 14


Net insurance benefits and claims
In CHF million  
  2015 HY 2014 HY
Benefits and claims under insurance contracts
 
Life benefits and claims paid, gross
  5 097 5 112
Change in liability for future life policyholder benefits, gross
  3 526 3 274
Non-life claims paid, gross
  119 140
Change in reserve for non-life claims, gross
  –16 –17
Benefits and claims recovered from reinsurers
  –41 –46
Net benefits and claims under insurance contracts
  8 686 8 462
Benefits and claims under investment contracts with discretionary participation
 
Life benefits and claims paid, gross
  280 217
Change in liability for future life policyholder benefits, gross
  257 170
Net benefits and claims under investment contracts with discretionary participation
  537 387
 
Total net insurance benefits and claims
  9 223 8 849


Interest expense
In CHF million  
  2015 HY 2014 HY
Interest expense on deposits
  6 13
Interest expense on investment contracts
  37 41
Interest expense on deposits under insurance contracts
  30 36
Other interest expense
  17 15
Total interest expense
  90 105


Commission expense
In CHF million  
  2015 HY 2014 HY
Insurance agent and broker commissions
  344 372
Asset management and banking commissions
  36 30
Other commissions and fees
  19 14
Total commission expense
  399 416


Employee benefits expense
In CHF million  
  2015 HY 2014 HY
Wages and salaries
  292 286
Social security
  60 64
Defined benefit plans
  38 44
Defined contribution plans
  0 1
Other employee benefits
  27 21
Total employee benefits expense
  417 416


Depreciation and amortisation expense
In CHF million  
Notes  2015 HY 2014 HY
Depreciation of property and equipment
  12 12
Amortisation of present value of future profits (PVP)
11  0 1
Amortisation of deferred acquisition costs (DAC)
11  177 220
Amortisation of deferred origination costs (DOC)
11  7 6
Amortisation of other intangible assets
11  13 14
Total depreciation and amortisation expense
  209 253


Other expenses
In CHF million  
  2015 HY 2014 HY
Marketing and advertising
  23 24
Information technology and systems
  32 37
Rental, maintenance and repair
  33 31
Professional services
  67 83
Premium taxes and other non-income taxes
  27 27
Other
  40 39
Total other expenses
  222 241


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