3. Detailed information on statement of profit and loss and OCI items
Rental income increased by 3% (TCHF 129) compared to the prior year period. This increase is mainly due to index increases, which are reflected in the increased potential rental income, as well as to lettings, which led to a reduction in vacancy loss.
3.2Real estate expenses
Real estate expenses directly attributable to investment properties represent 2.2% (previous year 3.8%) of rental income.
The reduction in real estate expenses by TCHF 67 is mainly due to one-off effects in the previous year in the area of heating and ancillary costs as well as other real estate expenses.
Personnel expenses decreased by TCHF 68 or 10% compared to the same period of the previous year. This is mainly the result of personnel changes.
Other personnel expenses include flat expense allowances of employees and members of the Board of Directors. This item also includes the premium for directorsʼ and officersʼ liability insurance, costs for recruitment as well as expenses for further education and training of existing staff.
Administrative expenses increased by TCHF 25 or 6% compared to the prior year period. This increase was mainly due to additional expenses in connection with the implementation of the revision of stock corporation law.