Income Statement

CHF thousand

2016

2015

Dividends and other income from subsidiaries

313,947

262,363

Other income

351

1,104

Other expenses

– 14,974

– 13,807

Value adjustments on investments

– 4,960

– 15,558

Operating profit

294,364

234,102

Income from financial assets

46,380

27,458

Expense from financial assets

– 11,199

– 26,276

Income before taxes

329,545

235,284

Taxes

– 30,416

– 23,518

Net income

299,129

211,766