interim
financial statements as at 31 march 2023
- Consolidated financial statements
Interim financial statements as at 31 March 2023 / Valiant Holding AG
Consolidated financial statements
Consolidated balance sheet
Assets
Liquid assets
Amounts due from banks
Amounts due from customers
Mortgage loans
Trading portfolio assets
Positive replacement values of derivate financial instruments
Financial investments
Accrued income and prepaid expenses
Non-consolidated participations
Tangible fixed assets
Intangible assets
Other assets
Total assets
Total subordinated claims
of which subject to mandatory conversion and/or debt waiver
Liabilities
Amounts due to banks
Amounts due in respect of customer deposits
Negative replacement values of derivative financial instruments
Cash bonds
Bond issues and central mortgage institution loans
Accrued expenses and deferred income
Other liabilities
Provisions
Reserves for general banking risks
Bank's capital
Capital reserve
Retained earnings reserve1
Own shares
Consolidated profit
Total equity capital
Total liabilities
Total subordinated liabilities
of which subject to mandatory conversion and/or debt waiver
Off-balance-sheet transactions
Contingent liabilities
Irrevocable commitments
Obligations to pay up shares and make further contributions
Credit commitments
31/03/2023
in CHF thousands
6,354,679
63,007
1,526,421
27,522,961
14,528
227,907
1,032,063
31,110
242,174
92,531
0
18,409
37,125,790
0
0
2,336,375
22,958,604
23,613
104,800
8,621,300
161,366
388,140
29,730
67,786
7,896
592,596
1,805,385
- 1,493
29,692
2,501,862
37,125,790
0
0
140,577
1,131,471
61,164
0
31/12/2022 | Change | Change | |
in CHF thousands | in CHF thousands | as % | |
5,053,435 | 1,301,244 | 25.7 | |
49,105 | 13,902 | 28.3 | |
1,542,228 | - 15,807 | -1.0 | |
27,137,292 | 385,669 | 1.4 | |
17,542 | - 3,014 | -17.2 | |
265,268 | - 37,361 | -14.1 | |
1,287,234 | - 255,171 | -19.8 | |
26,414 | 4,696 | 17.8 | |
241,366 | 808 | 0.3 | |
94,961 | - 2,430 | -2.6 | |
0 | 0 | 0.0 | |
14,983 | 3,426 | 22.9 | |
35,729,828 | 1,395,962 | 3.9 | |
0 | 0 | 0.0 | |
0 | 0 | 0.0 | |
1,754,115 | 582,260 | 33.2 | |
22,473,885 | 484,719 | 2.2 | |
25,369 | - 1,756 | -6.9 | |
77,774 | 27,026 | 34.7 | |
8,347,700 | 273,600 | 3.3 | |
141,529 | 19,837 | 14.0 | |
411,185 | - 23,045 | -5.6 | |
30,824 | - 1,094 | -3.5 | |
59,786 | 8,000 | 13.4 | |
7,896 | 0 | 0.0 | |
592,596 | 0 | 0.0 | |
1,677,655 | 127,730 | 7.6 | |
0 | - 1,493 | n/a | |
129,514 | - 99,822 | n/a | |
2,467,447 | 34,415 | 1.4 | |
35,729,828 | 1,395,962 | 3.9 | |
0 | 0 | 0.0 | |
0 | 0 | 0.0 | |
142,405 | - 1,828 | -1.3 | |
1,268,289 | - 136,818 | -10.8 | |
61,164 | 0 | 0.0 | |
0 | 0 | 0.0 | |
1 Before distribution of balance sheet profit
-
Consolidated financial statements
Interim financial statements as at 31 March 2023 / Valiant Holding AG
Consolidated income statement
Result from interest operations
Interest and discount income
Interest and dividend income from trading portfolios
Interest and dividend income from financial investments
Interest expense
Gross result from interest operations
Changes in value adjustments for default risks and losses from interest operations
Net result from interest operations
Result from commission business and services
Commission income from securities trading and investment activities
Commission income from lending activities
Commission income from other services
Commission expense
Result from commission business and services
Result from trading activities and the fair value option
Other result from ordinary activities
Result from the disposal of financial investments
Income from participations
of which, participations recognised using the equity method
of which, from other non-consolidated participations
Result from real estate
Other ordinary income
Other ordinary expenses
Other result from ordinary activities
Operating income
Operating expenses
Personnel expenses
General and administrative expenses
Operating expenses
Value adjustements on participations and depreciation and amortisation of tangible fixed assets and intangible assets
Changes to provisions and other value adjustments, and losses
Operating result
Consolidated profit
Extraordinary income
Extraordinary expenses
Changes in reserves for general banking risks
Taxes
Consolidated profit
31/03/2023 | 31/03/2022 | Change | Change | ||
in CHF thousands | in CHF thousands | in CHF thousands | as % | ||
133,567 | 82,354 | 51,213 | 62.2 | ||
0 | 0 | 0 | 0.0 | ||
1,965 | 2,944 | - 979 | -33.3 | ||
- 39,307 | 408 | - 39,715 | -9,744.8 | ||
96,225 | 85,705 | 10,519 | 12.3 | ||
- 5,414 | - 3,191 | - 2,223 | 69.7 | ||
90,810 | 82,514 | 8,296 | 10.1 | ||
12,337 | 12,947 | - 609 | -4.7 | ||
910 | 908 | 2 | 0.2 | ||
9,510 | 10,946 | - 1,436 | -13.1 | ||
- 3,851 | - 6,199 | 2,348 | -37.9 | ||
18,907 | 18,602 | 305 | 1.6 | ||
10,604 | 3,686 | 6,918 | 187.7 | ||
6 | - 2 | 8 | -400.0 | ||
808 | 2,290 | - 1,482 | -64.7 | ||
808 | 2,290 | - 1,482 | -64.7 | ||
0 | 0 | 0 | 0.0 | ||
377 | 436 | - 59 | -13.5 | ||
156 | 208 | - 52 | -25.0 | ||
- 21 | 0 | - 21 | n/a | ||
1,326 | 2,932 | - 1,606 | -54.8 | ||
121,647 | 107,734 | 13,913 | 12.9 | ||
- 38,146 | - 36,474 | - 1,672 | 4.6 | ||
- 33,654 | - 31,327 | - 2,327 | 7.4 | ||
- 71,801 | - 67,801 | - 3,999 | 5.9 | ||
- 5,233 | - 5,417 | 184 | -3.4 | ||
- 28 | - 192 | 164 | -85.6 | ||
44,586 | 34,324 | 10,262 | 29.9 | ||
2,485 | 181 | 2,304 | 1,272.9 | ||
0 | 0 | 0 | 0.0 | ||
- 8,000 | 0 | - 8,000 | n/a | ||
- 9,379 | - 6,961 | - 2,418 | 34.7 | ||
29,692 | 27,544 | 2,148 | 7.8 | ||
- Consolidated financial statements
Interim financial statements as at 31 March 2023 / Valiant Holding AG
Consolidated statement of changes in equity
Retained | Reserves for | ||||||
Capital | earnings | general | Result of the | ||||
Bank's capital | reserve | reserve 1 | banking | Own shares | period | Total | |
in CHF | in CHF | in CHF | risks in CHF | in CHF | in CHF | in CHF | |
thousands | thousands | thousands | thousands | thousands | thousands | thousands | |
Equity at start of current period | 7,896 | 592,596 | 1,677,655 | 59,786 | 129,514 | 2,467,447 | |
Appropriation of previous year's profit | 129,514 | - 129,514 | 0 | ||||
Acquisition of own shares | - 1,493 | - 1,493 | |||||
Other allocations to (transfers from) the reserves for general | |||||||
banking risks | 8,000 | 8,000 | |||||
Other allocations to (transfers from) the other reserves | - 1,784 | - 1,784 | |||||
Consolidated profit | 29,692 | 29,692 | |||||
Equity at end of current period | 7,896 | 592,596 | 1,805,385 | 67,786 | - 1,493 | 29,692 | 2,501,862 |
1 Before distribution of balance sheet profit
- Consolidated financial statements
Interim financial statements as at 31 March 2023 / Valiant Holding AG
Condensed notes
Changes to the Group accounting principles as well as any error corrections and their impact on the interim financial statements
There were no changes to the principles of consolidation or corrections of errors.
Information on factors that influenced the economic position of the group during the current period or compared with the previous period
There were no material factors that influenced the group's financial situation during the reporting period or compared with the previous period.
Significant events after the reporting date of the interim financial statements
No extraordinary events have occurred since the balance-sheet date that might have a material influence on the assets, financial position or income situation of Valiant during the reporting period.
Extraordinary income and expenses
Extraordinary income
Gains from the sale of properties
Other items
Total extraordinary income
Extraordinary expenses
Total extraordinary expenses
31/03/2023 | 31/03/2022 | |
in CHF thousands | in CHF thousands | |
2,485 | 0 | |
0 | 181 | |
2,485 | 181 | |
0 | 0 |
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Disclaimer
Valiant Holding AG published this content on 04 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2023 08:32:03 UTC.