Income statement and appropriation of profit for 2019

In CHF millions

Income Statement

2019
2018
Net result from gold
6 873.5
-256.7
Net result from foreign currency positions
40 333.6
-16 337.5
Net result from Swiss franc positions
2 058.8
2 046.2
Net result, other
-18.6
-4.8
Gross income
49 247.3
-14 552.7
Banknote expenses
-63.8
-56.8
Personnel expenses
-177.1
-174.5
General overheads
-121.4
-122.9
Depreciation on tangible assets
-33.3
-27.1
Annual result
48 851.7
-14 934.0

Appropriation of profit

2019
2018
-
Allocation to provisions for currency reserves
-5 857.3
-5 423.4
=
Distributable annual result
42 994.4
-20 357.4
+
Profit carried forward
(distribution reserve before appropriation of profit)
44 989.5
67 348.4
=
Net profit
87 983.9
46 991.0
-
Payment of a dividend of 6%
-1.5
-1.5
-
Profit distribution to Confederation and cantons
(in accordance with agreement of 9 November 2016)
-4 000.0
-2 000.0
=
Balance carried forward to following year's financial statements
(distribution reserve after appropriation of profit)
83 982.4
44 989.5