Income statement and appropriation of profit for 2021

In CHF millions

Income Statement

2021
2020
Net result from gold
-56.4
6 636.3
Net result from foreign currency positions
25 656.4
13 286.3
Net result from Swiss franc positions
1 064.9
1 332.6
Net result, other
17.0
-5.8
Gross income
26 681.9
21 249.5
Banknote expenses
-33.7
-34.3
Personnel expenses
-182.8
-182.0
General overheads
-127.8
-125.0
Depreciation on tangible assets
-37.7
-38.5
Annual result
26 300.0
20 869.6

Appropriation of profit

2021
2020
-
Allocation to provisions for currency reserves
-8 698.1
-7 907.4
=
Distributable annual result
17 601.9
12 962.2
+
Profit carried forward
(distribution reserve before appropriation of profit)
90 943.1
83 982.4
=
Net profit
108 545.0
96 944.6
-
Payment of a dividend of 6%
-1.5
-1.5
-
Profit distribution to Confederation and cantons
(in accordance with agreement between the Confederation and the SNB)
-6 000.0
-6 000.0
=
Balance carried forward to following year's financial statements
(distribution reserve after appropriation of profit)
102 543.5
90 943.1