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Annual Report 2015

2 Investment income and expenses

CHF millions

2014

2015

Cash dividends from subsidiaries and affiliated companies

3 964

3 539

Realised gains on sale of investments

1

4

Income from short-term investments

0

2

Income from loans to subsidiaries and affiliated companies

9

17

Investment management income

0

1

Other interest revenues

0

0

Investment income

3 974

3 563

CHF millions

2014

2015

Realised losses on sale of investments

0

0

Investment management expenses

0

1

Other interest expenses

0

0

Investment expenses

0

1