2 Investment income and expenses

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CHF millions

2012

2013

Cash dividends from subsidiaries and affiliated companies

3 836

2 641

Dividends in-kind from subsidiaries and affiliated companies

5 810

805

Realised gains on sale of investments

19

61

Income from short-term investments

0

0

Income from loans to subsidiaries and affiliated companies

9

13

Investment management income

0

1

Other interest revenues

0

0

Investment income

9 674

3 521

 

 

 

 

 

 

CHF millions

2012

2013

Valuation adjustments on investments in subsidiaries and affiliated companies

–6 960

–805

Realised losses on sale of investments

0

0

Investment management expenses

–1

–1

Other interest expenses

0

0

Investment expenses

–6 961

–806