Income statement and appropriation of profit for 2018

In CHF millions

Income Statement

2018
2017
Net result from gold
–256.7
3 093.7
Net result from foreign currency positions
–16 337.5
49 672.0
Net result from Swiss franc positions
2 046.2
2 007.0
Net result, other
–4.8
13.1
Gross income
14 552.7
54 785.8
Banknote expenses
–56.8
–97.8
Personnel expenses
–174.5
–165.6
General overheads
–122.9
–120.3
Depreciation on tangible assets
–27.1
–30.6
Annual result
14 934.0
54 371.6

Appropriation of profit

2018
2017
Allocation to provisions for currency reserves
–5 423.4
–5 021.7
=
Distributable annual result
20 357.4
49 349.9
+
Profit carried forward
(distribution reserve before appropriation of profit)

67 348.4

20 000.0
=
Net profit
46 991.0
69 349.9
Payment of a dividend of 6%
–1.5
–1.5
Profit distribution to Confederation and cantons
(in accordance with agreement of 9 November 2016)

–2 000.0

–2 000.0
=
Balance carried forward to following year’s
financial statements
(distribution reserve after appropriation of profit)


44 989.5


67 348.4