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In CHF million       2017   2016
Net revenue from the sale of goods and services       231   229
Other income       29   66
Total operating income       260   295
Personnel expense       (79)   (78)
Other operating expense       (92)   (92)
Total operating expenses       (171)   (170)
Operating income       89   125
Financial expense       (129)   (135)
Financial income       140   140
Income from participations       105   2,567
Income before taxes       205   2,697
Income tax expense       (8)   (15)
Net income       197   2,682