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Income statement and appropriation of profit for 2016

In CHF millions

Income Statement

 
2016
2015
 
Net result from gold
3 933.7
– 4 162.9
Net result from foreign currency positions
19 365.8
– 19 943.0
Net result from Swiss franc positions
1 567.5
1 245.0
Net result, other
13.6
11.6
 
Gross income
24 880.6
– 22 849.3
 
Banknote expenses
– 74.2
– 86.9
Personnel expenses
– 160.6
– 157.7
General overheads
–130.6
–117.6
Depreciation on tangible assets
– 38.8
– 39.0
 
Annual result
24 476.4
– 23 250.6

Appropriation of profit

 
 
2016
2015
 
Allocation to provisions for currency reserves
– 4 649.7
– 1 362.2
 
=
Distributable annual result
19 826.7
– 24 612.8
 
 
 
 
+
Profit carried forward
(distribution reserve before appropriation of profit)

1 904.5

27 518.8
=
Net profit
21 731.2
2 906.0
 
Payment of a dividend of 6%
– 1.5
– 1.5
Profit distribution to Confederation and cantons
(in accordance with agreement of 9 November 2016)

– 1 729.7

– 1 000.0
=
Balance carried forward to following year’s
financial statements
(distribution reserve after appropriation of profit)


20 000.0


1 904.5