Income statement

CHF Notes 2015 2014
Income      
Income from investments in subsidiaries [6] 17,283,204 105,702,198
Other financial income [7] 28,859,053 28,350,717
Other operating income   515,286 742,500
Total income   46,657,543 134,795,415
       
Expenses      
Personnel expenses   1,927,580 20,216,088
Administrative expenses 1   3,263,817 10,028,284
Depreciation   61,794 0
Financial expenses   22,850,625 8,427,288
Extraordinary, non-recurring or prior period expenses [8] 80,494,662 0
Direct taxes 1   298,863 230,728
Total expenses   108,897,341 38,902,388
       
Net result   –62,239,798 95,893,027

1 Adjusted to follow the new presentation rules, please refer to explanatory notes.