Income statement

In CHF million	2019	2018
Net revenue from the sale of goods and services	209	218
Other income	34	33
Total operating income	243	251
Personnel expense	(63)	(71)
Other operating expense	(85)	(82)
Total operating expenses	(148)	(153)
Operating income	95	98
Financial expense	(104)	(112)
Financial income	87	121
Income from participations	1,324	2,230
Income before taxes	1,402	2,337
Income tax expense	(1)	(13)
Net income	1,401	2,324