Consolidated income statement

(unaudited)

in CHF thousands	Note	First half 2017	First half 2016	+/− %
Interest income	1	96'558	88'789	8.8
Interest expenses	1	–30'774	–20'510	50.0
Net interest income	1	65'784	68'279	–3.7
Credit loss (expense) / recovery		–3'104	–140
Net interest income after credit loss expense		62'681	68'138	–8.0
Fee and commission income	2	87'779	84'282	4.2
Fee and commission expenses	2	–13'332	–12'933	3.1
Net fee and commission income	2	74'448	71'349	4.3
Net trading income	3	38'558	–745
Net income from financial investments at fair value	4	12'023	10'020	20.0
Share of net income of joint venture		–1	9
Other income	5	1'962	6'294	–68.8
Total operating income		189'672	155'066	22.3

Personnel expenses	6	–76'867	–65'253	17.8
General and administrative expenses	7	–25'147	–30'265	–16.9
Depreciation and amortisation		–13'989	–12'969	7.9
Total operating expenses		–116'004	–108'487	6.9

Operating profit before tax		73'668	46'579	58.2

Tax expenses	8	–13'678	–3'553	285.0

Net profit		59'990	43'026	39.4

Of which attributable to:
Shareholders of LLB		57'292	42'282	35.5
Non-controlling interests		2'697	744	262.5

Earnings per share attributable to the shareholders of LLB
Basic earnings per share (in CHF)	9	1.98	1.47	35.4
Diluted earnings per share (in CHF)	9	1.98	1.47	35.4