Key figures of VZ Group
Income statement (CHF '000)
| 2023 | 20221 | |
|---|---|---|
| Operating revenues | 463'842 | 403'900 |
| Operating expenses | 244'922 | 227'597 |
| Operating profit (EBIT) | 218'920 | 176'303 |
| Net profit | 187'022 | 151'385 |
1 Retrospective restatement due to the implementation of IFRS 17 (details on page 68 of the financial report).
Balance sheets (CHF '000)
| 31.12.2023 | 31.12.20221 | |
|---|---|---|
| Total assets | 6'535'708 | 5'945'986 |
| Equity | 926'117 | 770'963 |
| Net Cash | 844'035 | 686'276 |
1 Retrospective restatement due to the implementation of IFRS 17 (details on page 68 of the financial report).
Equity key figures
| 31.12.2023 | 31.12.20221 | |
|---|---|---|
| Equity ratio | 14.2 % | 13.0 % |
| Common equity Tier 1 capital ratio (CET 1) | 26.2 % | 25.2 % |
| Total eligible capital ratio (T1 & T2) | 26.2 % | 25.2 % |
1 Retrospective restatement due to the implementation of IFRS 17 (details on page 68 of the financial report).
Assets under management (CHF mio.)
| 31.12.2023 | 31.12.2022 | |
|---|---|---|
| Assets under Management | 44'887 | 39'108 |
Employees
| 31.12.2023 | 31.12.2022 | |
|---|---|---|
| Full-time equivalents (FTE) | 1390.7 | 1247.4 |
Rating VZ Depository Bank Ltd
VZ Depository Bank Ltd is rated regularly by the rating agency Moody's since December 2021. Moody's rates VZ Depository Bank Ltd as Aa3 with a stable outlook.
| VZ Depository Bank Ltd | Rating | Outlook |
| Long-term deposit rating | Aa3 | stable |
| Long-term counterparty risk | A3 | stable |
Alternative Performance Measures (APM)
To measure our performance, we use alternative performance measures that are not defined under International Financial Reporting Standards (IFRS). Details can be found on page 194 of the annual report 2023.