Consolidated income statement

in CHF thousands	Note	2017	2016	+/– %
Interest income	1	194'508	193'102	0.7
Interest expenses	1	−62'393	−55'035	13.4
Net interest income	1	132'115	138'067	−4.3
Credit loss (expense) / recovery	13	8'333	−989
Net interest income after credit loss (expense) / recovery		140'447	137'078	2.5
Fee and commission income	2	181'751	171'930	5.7
Fee and commission expenses	2	−26'922	−26'191	2.8
Net fee and commission income	2	154'830	145'739	6.2
Net trading income	3	83'030	55'943	48.4
Net income from financial investments at fair value	4	16'259	21'836	−25.5
Share of net income of joint venture	17	−14	0
Other income	5	4'816	11'070	−56.5
Total operating income		399'369	371'665	7.5

Personnel expenses	6	−155'400	−140'835	10.3
General and administrative expenses	7	−82'806	−89'859	−7.8
Depreciation and amortisation	8	−28'773	−27'548	4.4
Total operating expenses		−266'979	−258'242	3.4

Operating profit before tax		132'389	113'423	16.7

Tax expenses	9	−21'131	−9'554	121.2

Net profit		111'259	103'869	7.1

Of which attributable to:
Shareholders of LLB		105'739	98'181	7.7
Non-controlling interests	33	5'520	5'688	−2.9

Earnings per share attributable to the shareholders of LLB
Basic earnings per share (in CHF)	10	3.66	3.40	7.6
Diluted earnings per share (in CHF)	10	3.66	3.40	7.6