Private Banks & GAM

Business Unit reporting

Search only in Quarterly Reporting Q1 2005

Spreadsheets

Business Unit reporting

	Quarter ended			% change from

CHF million, except where indicated	31.3.05	31.12.04	31.3.04	4Q04	1Q04


Income	293	306	288	(4)	2
Adjusted expected credit loss¹	(5)	(4)	0	(25)


Total operating income	288	302	288	(5)	0


Cash components	107	119	103	(10)	4
Share-based components	3	3	3	0	0
Total personnel expenses	110	122	106	(10)	4
General and administrative expenses	39	42	43	(7)	(9)
Services to / from other business units	3	2	3	50	0
Depreciation	7	5	5	40	40
Amortization of goodwill	0	14	18	(100)	(100)
Amortization of other intangible assets	1	4	1	(75)	0


Total operating expenses	160	189	176	(15)	(9)


Business Unit performance before tax	128	113	112	13	14


Business Unit performance before tax and amortization of goodwill	128	127	130	1	(2)



KPIs

Invested assets (CHF billion)	95	92	93	3	2
Net new money (CHF billion)²	0.3	(0.6)	6.4
Cost / income ratio (%)³	54.6	61.8	61.1
Cost / income ratio before goodwill (%)	54.6	57.2⁴	54.9⁴



Capital return and BIS data

Return on adjusted regulatory capital (%)⁵	84.8	65.2	64.0
Return on adjusted regulatory capital before goodwill (%)	84.8	75.3⁶	74.3⁶
BIS risk-weighted assets (CHF million)	2,846	2,864	2,878	(1)	(1)
Goodwill (CHF million)	326	311	412	5	(21)
Adjusted regulatory capital (CHF million)⁷	611	597	700	2	(13)

Additional Information	As at			% change from

	31.3.05	31.12.04	31.3.04	4Q04	1Q04


Client assets (CHF billion)	96	92	94	4	2
Headcount (full-time equivalents)	1,662	1,649	1,647	1	1

1 In management accounts, adjusted expected credit loss rather than credit loss expense is reported for the Business Units (see note 2 to the financial statements).
2 Excludes interest and dividend income.
3 Operating expenses / income.
4 Operating expenses less the amortization of goodwill / income.
5 Annualized year to date Business Group performance before tax / adjusted regulatory capital year to date average.
6 Annualized year to date Business Group performance before tax and amortization of goodwill / adjusted regulatory capital year to date average.
7 10% of BIS riskweighted assets plus goodwill.

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