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Annual Report 2017

2 Investment income and expenses

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CHF millions

2016

2017

Cash dividends from subsidiaries and affiliated companies

3 517

3 832

Realised gains on sale of investments

7

46

Income from short-term investments

2

6

Income from loans to subsidiaries and affiliated companies

35

63

Investment management income

1

1

Other interest revenues

51

70

Investment income

3 613

4 018

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CHF millions

2016

2017

Realised losses on sale of investments

0

1

Investment management expenses

1

1

Other interest expenses

0

0

Investment expenses

1

2