Consolidated income statement

in CHF thousands	Note	2016	2015	+/– %
Interest income	1	176'971	182'801	–3.2
Interest expenses	1	–38'905	–50'347	–22.7
Net interest income	1	138'067	132'454	4.2
Credit loss (expense) / recovery	13	–989	–6'036	–83.6
Net interest income after credit loss expense		137'078	126'418	8.4
Fee and commission income	2	171'930	174'897	–1.7
Fee and commission expenses	2	–26'191	–25'272	3.6
Net fee and commission income	2	145'739	149'625	–2.6
Net trading income	3	55'943	33'084	69.1
Net income from financial investments at fair value	4	21'836	–736
Share of net income of joint venture	17	0	–13	–97.3
Other income	5	11'070	4'785	131.4
Total operating income		371'665	313'163	18.7

Personnel expenses	6	–140'835	–123'782	13.8
General and administrative expenses	7	–89'859	–63'653	41.2
Depreciation and amortisation	8	–27'548	–33'657	–18.2
Total operating expenses		–258'242	–221'093	16.8

Operating profit before tax		113'423	92'070	23.2

Tax expenses	9	–9'554	–5'770	65.6

Net profit		103'869	86'301	20.4

Of which attributable to:
Shareholders of LLB		98'181	82'728	18.7
Non-controlling interests	33	5'688	3'573	59.2

Earnings per share attributable to the shareholders of LLB
Basic earnings per share (in CHF)	10	3.40	2.87	18.6
Diluted earnings per share (in CHF)	10	3.40	2.87	18.6