Income Statement

Year ended December 31 (CHF in thousands)

2011

2010

Dividend income

1,200,000

1,200,000

Finance income

16,560

26,992

Other income

49,532

93,352

Finance expense

(9,555)

(18,270)

Personnel expenses

(27,983)

(50,999)

Other expenses

(58,463)

(84,427)

Revaluation loss/gain on own shares

(76,447)

97,429

Net income before taxes

1,093,644

1,264,077

Income taxes

363

Net income

1,094,007

1,264,077

Financial review

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