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Income statement and appropriation of profit for 2017

In CHF millions

Income Statement

 
2017
2016
 
Net result from gold
3 093.7
3 933.7
Net result from foreign currency positions
49 672.0
19 365.8
Net result from Swiss franc positions
2 007.0
1 567.5
Net result, other
13.1
13.6
 
Gross income
54 785.8
24 880.6
 
Banknote expenses
– 97.8
– 74.2
Personnel expenses
– 165.6
– 160.6
General overheads
– 120.3
–130.6
Depreciation on tangible assets
– 30.6
– 38.8
 
Annual result
54 371.6
24 476.4

Appropriation of profit

 
 
2017
2016
 
Allocation to provisions for currency reserves
– 5 021.7
– 4 649.7
 
=
Distributable annual result
49 349.9
19 826.7
 
 
 
 
+
Profit carried forward
(distribution reserve before appropriation of profit)

20 000.0

1 904.5
=
Net profit
69 349.9
21 731.2
 
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

– 1 729.7
=
Balance carried forward to following year’s
financial statements
(distribution reserve after appropriation of profit)


67 348.4


20 000.0