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Annual Report 2016

2 Investment income and expenses

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CHF millions

2015

2016

Cash dividends from subsidiaries and affiliated companies

3 539

3 517

Realised gains on sale of investments

4

7

Income from short-term investments

2

2

Income from loans to subsidiaries and affiliated companies

17

35

Investment management income

1

1

Other interest revenues

0

51

Investment income

3 563

3 613

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CHF millions

2015

2016

Realised losses on sale of investments

0

0

Investment management expenses

1

1

Other interest expenses

0

0

Investment expenses

1

1