Consolidated income statement

(Amount expressed in CHF 1’000)

Year under Previous rewiew year Change

REVENUES AND EXPENSES FROM ORDINARY BANKING ACTIVITIES

Result from interest activities

Interest and discount income 5’243 9’593 –4’350 Interest and dividend income on trading portfolios 37 4 33 Interest and dividend income on financial investments 1’836 891 945 Interest expense –625 – 1’652 1’027

Net interest income (subtotal) 6’491 8’836 –2’345

Result from commission and service fee activities

Commission income on lending activities 149 204 –55 Commission income on securities and investment activities 28’376 22’632 5’744 Commission income on other services 3’822 3’224 598 Commission expenses –2505 – 2’123 –382

Result from commission and service fee activities (subtotal) 29’842 23’937 5’905

Result from trading operations 4’492 2’051 2’441

Other ordinary results

Results from the sale of financial investments 53 53 Income from non-consolidated participations 4 3 1 Real estate income 628 642 –14 Other ordinary income 28 163 –135 Other ordinary expenses –62 – 576 514

Other ordinary results (subtotal) 651 232 419

Total income 41’476 35’056 6’420

Operating expenses Personnel expenses

–17’738 – 16’311 –1’427 Other operating expenses –7’219 – 6’481 –738

Total operating expenses (subtotal) –24’957 – 22’792 –2’165

Gross Profit 16’519 12’264 4’255

GROUP PROFIT

Gross profit 16’519 12’264 4’255 Depreciation of fixed assets –2’321 – 2’536 215 Valuation adjustments, provisions and losses –562 – 530 –32 Intermediate result 13’636 9’198 4’438

Extraordinary income Extraordinary expenses Taxes

Net income

of which minority interests 3’053 –3’053 –587 – 1’250 663 –2’343 – 1’939 –404

10’706 9’062 1’644

95 – 42 137