CA Indosuez (Switzerland) SA Annual Report 2022 58 (in thousands of CHF) FY 2022 FY 2021 Income from interest transactions Interest and discount income 216,415 97,155 Interest and dividend income from trading books 692 240 Interest and dividend income from long-term investments 18,192 748 Interest expense -132,169 -596 Gross result from interest operations 103,130 97,547 Changes in value adjustments for default risks and losses from interest transactions 3,312 1,129 Subtotal - Net result from interest operations 106,442 98,676 Result from commission business and services Fee income from securities trading and investment activities 128,162 155,310 Commission income from lending activities 39,534 35,442 Commission income from other services 36,139 29,134 Commission expense -30,227 -34,580 Subtotal - Result from commission business and services 173,608 185,306 Net income from trading activities and the fair value option 86,174 53,003 Other ordinary income Result from the disposal of financial investments 71 153 Income from participating interests 2,368 2,313 Result from real estate operations 1,669 1,524 Other ordinary income 10,390 11,171 Other ordinary expenses -10 -93 Subtotal - Other income from ordinary activities 14,488 15,068 Operating expenses Personnel expenses -189,116 -184,902 Other operating expenses -110,707 -106,175 Subtotal - Operating expenses -299,823 -291,077 Value adjustments on equity interests, and depreciation and amortisation of property, plant and equipment, and intangible assets -18,960 -13,980 Changes to provisions and other value adjustments, and losses 3,446 -12,848 Operating income 65,375 34,148 Extraordinary income 5 11 Extraordinary expenses -12 -10 Taxes -5,038 -6,046 Net result for the period 60,330 28,103 2. INCOME STATEMENT FOR FINANCIAL YEAR 2022
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