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In CHF million       2018   2017
Net revenue from the sale of goods and services       218   231
Other income       33   29
Total operating income       251   260
Personnel expense       (71)   (79)
Other operating expense       (82)   (92)
Total operating expenses       (153)   (171)
Operating income       98   89
Financial expense       (112)   (129)
Financial income       121   140
Income from participations       2,230   105
Income before taxes       2,337   205
Income tax expense       (13)   (8)
Net income       2,324   197