Business Banking Switzerland

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


Interest income	836	845	857	(1)	(2)
Non-interest income	390	395	414	(1)	(6)


Income	1,226	1,240	1,271	(1)	(4)
Adjusted expected credit loss¹	19	6	(15)	217


Total operating income	1,245	1,246	1,256	0	(1)


Cash components	602	590	602	2	0
Share-based components	11	12	10	(8)	10


Total personnel expenses	613	602	612	2	0
General and administrative expenses	233	269	250	(13)	(7)
Services to / from other business units	(148)	(148)	(126)	0	(17)
Depreciation	16	20	15	(20)	7
Amortization of goodwill	0	0	0
Amortization of other intangible assets	0	0	0


Total operating expenses	714	743	751	(4)	(5)


Business Unit performance before tax	531	503	505	6	5


Business Unit performance before tax and amortization of goodwill	531	503	505	6	5
KPIs

Invested assets (CHF billion)	143	140	139	2	3
Net new money (CHF billion)²	1.0	0.2	1.0


Cost / income ratio (%)³	58.2	59.9	59.1
Cost / income ratio before goodwill (%)	58.2	59.9⁴	59.1⁴
Non-performing loans / gross loans (%)	2.2	2.3	3.0
Impaired loans / gross loans (%)	2.8	3.0	4.2
Capital return and BIS data

Return on adjusted regulatory capital (%)⁵	24.9	23.2	22.8
Return on adjusted regulatory capital before goodwill (%)	24.9	23.2⁶	22.8⁶
BIS risk-weighted assets (CHF million)	86,045	84,437	89,294	2	(4)
Goodwill (CHF million)	0	0	0
Adjusted regulatory capital (CHF million)⁷	8,605	8,444	8,929	2	(4)

Additional Information	As at or for the quarter ended			% change from

As at or for the period ended	31.3.05	31.12.04	31.3.04	4Q04	1Q04


Deferral (included in adjusted expected credit loss) (CHF million)	111	106	103	5	8
Client assets (CHF billion)	669	655	642	2	4
Headcount (full-time equivalents)	15,565	15,508	16,102	0	(3)

1 In management accounts, adjusted expected credit loss rather than credit loss expense is reported for the Business Groups (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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