Consolidated income statement

In 1,000 CHF

Note

2017

2016 restated 1)

Commission income

4

160,909

144,355

Annual fees

 

116,668

112,973

Interest income

5

96,802

99,886

Other income

6

85,214

120,949

Total revenue

 

459,593

478,163

 

 

 

 

Processing and service expenses

7

56,696

52,487

Distribution, advertising and promotion expenses

8

98,405

96,475

Interest expenses

5

19,431

22,539

Impairment losses from Payment and Consumer Finance

11

14,701

13,214

 

 

 

 

Personnel expenses

9

95,400

82,512

Other expenses 2)

10

56,291

36,355

Depreciation

19

4,028

4,525

Amortisation

20

11,849

16,004

Total expenses

 

356,801

324,112

 

 

 

 

Results from operating activities

 

102,791

154,051

 

 

 

 

Income from associates

21

7,386

3,393

Profit from continuing operations before income tax

 

110,177

157,444

 

 

 

 

Income tax expenses 2)

12

34,813

41,058

Profit from continuing operations

 

75,364

116,385

Profit from discontinued operations

35

116,267

2,109

Profit for the period

 

191,631

118,493

 

 

 

 

Profit attributable to:

 

 

 

Owners of the Company

 

191,684

118,564

Non-controlling interests

 

(54)

(71)

 

 

 

 

Earnings per share

 

 

 

Basic earnings per share (in CHF)

13

7,667.37

4,742.57

Diluted earnings per share (in CHF)

13

7,667.37

4,742.57

 

 

 

 

From continuing operations

 

 

 

Basic earnings per share (in CHF)

13

3,016.69

4,658.27

Diluted earnings per share (in CHF)

13

3,016.69

4,658.27

 

 

 

 

From discontinued operations

 

 

 

Basic earnings per share (in CHF)

13

4,650.68

84.35

Diluted earnings per share (in CHF)

13

4,650.68

84.35

 

 

 

 

1) In 2017 the legal entity Aduno SA was sold, consequently the Acquiring and Terminal business is classified as discontinued operations according to IFRS 5. The prior-year figures in the consolidated income statement and in the corresponding notes have been restated accordingly.

2) To provide better comparability and accurate presentation, the accrual booked under “Other expenses” in 2016 to reflect an expected agreement with the tax authorities regarding transfer pricing has been reclassified in the tax result. See note 12.