Segment reporting

Segments

The segment reporting encompasses the three operative business divisions Domestic Market, International Market and Institutional Market, as well as the Corporate Center, which includes the Corporate Service Center Organisational Unit and the Group Executive Management.

The reporting for the business segments agrees with the internal reports submitted to the Group Executive Board («the chief operating decision maker»). The Group Executive Board is responsible for the allocation of resources in the reportable segments, and assesses their performance. Transactions between the segments are carried out at standard market conditions. The information provided for each business segment is based on internal reports concerning segment financial accounting and assets, as well as other data, which is regularly reviewed by the Group Executive Board.

The segment reporting for the half year ending on 30.06.2012 is made up as follows:

in CHF thousands

Domestic
Market

Inter-
national
Market

Institu-
tional
Market

Corporate
Center

Total
Group

Net interest income

48'465

7'852

5'675

36'508

98'500

Net fee and commission income

19'295

45'521

33'852

4'470

103'138

Net trading income

4'554

4'071

4'214

–7'749

5'090

Net income from financial investments
at fair value through profit and loss

0

0

0

22'050

22'050

Share of net income of associates

0

0

0

4

4

Other income

0

0

0

5'061

5'061

Total operating income

72'314

57'444

43'741

60'344

233'843

Personnel expenses

–24'134

–29'802

–5'317

–15'706

–74'959

General and administrative expenses

–10'653

–11'131

–1'103

–19'656

–42'543

Depreciation and amortisation

–3'216

–4'430

–107

–10'012

–17'765

Allowances, provisions and losses

–423

–24'093

–4'236

–83

–28'835

Services from/to segments

–15'254

–4'949

–7'456

27'659

0

Total operating expenses

–53'680

–74'405

–18'219

–17'798

–164'102

Segment profit before tax

18'634

–16'961

25'522

42'546

69'741

Income tax expenses

 

 

 

 

–8'120

Net profit

 

 

 

 

61'621

 

 

 

 

 

 

Additional information

 

 

 

 

 

Segment assets (in CHF millions)

9'201

2'241

423

9'788

21'653

 

The segment reporting for the half year ending on 30.06.2011 is made up as follows:

in CHF thousands

Domestic
Market

Inter-
national
Market

Institu-
tional
Market

Corporate
Center

Total
Group

Net interest income

52'268

6'995

6'757

26'055

92'075

Net fee and commission income

19'162

46'491

37'502

4'399

107'554

Net trading income

4'115

2'661

3'918

–5'766

4'928

Net income from financial investments
at fair value through profit and loss

0

0

0

–6'311

–6'311

Share of net income of associates

–872

0

0

0

–872

Other income

0

6'970

0

1'050

8'020

Total operating income

74'673

63'117

48'177

19'427

205'394

Personnel expenses

–26'583

–32'921

–6'764

–27'369

–93'637

General and administrative expenses

–11'245

–11'331

–1'370

–18'733

–42'679

Depreciation and amortisation

–3'266

–4'846

–130

–10'106

–18'348

Allowances, provisions and losses

–450

594

–12'131

–731

–12'718

Services from/to segments

–11'386

–2'348

–6'583

20'317

0

Total operating expenses

–52'930

–50'852

–26'978

–36'622

–167'382

Segment profit before tax

21'743

12'265

21'199

–17'195

38'012

Income tax expenses

 

 

 

 

–3'756

Net profit

 

 

 

 

34'256

 

 

 

 

 

 

Additional information

 

 

 

 

 

Segment assets (in CHF millions), as of 31.12.2011

8'701

2'215

406

9'774

21'096

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