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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