For the fiscal years ended December 31 (in CHF) |
| 2010 | 2009 |
|
|
|
|
Operating income |
|
|
|
Royalties and license fees |
| 430 | 409 |
Dividends from subsidiaries |
| 23 | 47 |
Gain on sale of investments |
|
| 73 |
Release of provision on loans and investments, net |
| 37 |
|
Interest income from subsidiaries |
| 88 | 45 |
Interest income from third parties |
| 15 | 15 |
Financial income |
| 58 | 304 |
Other income |
| 14 | 124 |
Total operating income |
| 665 | 1,017 |
|
|
|
|
Operating expenses |
|
|
|
Interest expense to subsidiaries |
| (264) | (168) |
Interest expense to related parties |
| (3) | (1) |
Interest expense to third parties |
| (2) | (2) |
Provisions on loans and investments, net |
|
| (90) |
Taxes |
| (10) | (52) |
Financial expense |
| (164) | (30) |
Other expenses (including depreciation of CHF 3 in 2010 and in 2009) |
| (118) | (103) |
Merger loss and loss on sale of investments |
| (38) |
|
Total operating expenses |
| (599) | (446) |
|
|
|
|
Net income |
| 66 | 571 |
Certain reclassifications have been made to prior year income and expenses to conform to the current year presentation.