Income statement and appropriation of profit for 2020

In CHF millions

Income Statement

2020
2019
Net result from gold
6 636.3
6 873.5
Net result from foreign currency positions
13 286.3
40 333.6
Net result from Swiss franc positions
1 332.6
2 058.8
Net result. other
-5.8
-18.6
Gross income
21 249.5
49 247.3
Banknote expenses
-34.3
-63.8
Personnel expenses
-182.0
-177.1
General overheads
-125.0
-121.4
Depreciation on tangible assets
-38.5
-33.3
Annual result
20 869.6
48 851.7

Appropriation of profit

2020
2019
-
Allocation to provisions for currency reserves
-7 907.4
-5 857.3
=
Distributable annual result
12 962.2
42 994.4
+
Profit carried forward
(distribution reserve before appropriation of profit)
83 982.4
44 989.5
=
Net profit
96 944.6
87 983.9
-
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
-4 000.0
=
Balance carried forward to following year's financial statements
(distribution reserve after appropriation of profit)
90 943.1
83 982.4