Financial Businesses

Search only in Quarterly Reporting Q3 2005

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Income statement ¹

	Quarter ended			% change from		Year to date

CHF million, except where indicated	30.9.05	30.6.05	30.9.04	2Q05	3Q04	30.9.05	30.9.04
Operating income

Interest income	15,571	15,576	9,741	0	60	43,721	29,059
Interest expense	(13,102)	(13,356)	(7,006)	(2)	87	(36,342)	(20,435)


Net interest income	2,469	2,220	2,735	11	(10)	7,379	8,624
Credit loss (expense) / recovery	37	69	12	(46)	208	243	142


Net interest income after credit loss expense	2,506	2,289	2,747	9	(9)	7,622	8,766


Net fee and commission income	5,727	5,380	4,549	6	26	16,262	14,432
Net trading income	2,278	1,586	878	44	159	5,800	4,215
Other income	200	126	236	59	(15)	512	561


Total operating income	10,711	9,381	8,410	14	27	30,196	27,974
Operating expenses

Cash components	4,901	4,308	3,825	14	28	13,895	12,724
Share-based components	419	418	306	0	37	1,230	1,050


Total personnel expenses	5,320	4,726	4,131	13	29	15,125	13,774
General and administrative expenses	1,648	1,505	1,610	10	2	4,610	4,850
Services to / from other business units	(4)	(5)	(5)	20	20	(11)	(16)
Depreciation of property and equipment	311	324	330	(4)	(6)	947	955
Amortization of goodwill	0	0	184		(100)	0	547
Amortization of other intangible assets	34	33	43	3	(21)	98	130


Total operating expenses	7,309	6,583	6,293	11	16	20,769	20,240


Operating profit before tax	3,402	2,798	2,117	22	61	9,427	7,734


Tax expense	661	595	456	11	45	1,908	1,675


Net profit	2,741	2,203	1,661	24	65	7,519	6,059


Net profit attributable to minority interests	99	92	82	8	21	339	292
Net profit attributable to UBS shareholders	2,642	2,111	1,579	25	67	7,180	5,767

Additional information	As at			% change from

	30.9.05	30.6.05	30.9.04	30.6.05	30.9.04


Personnel (full-time equivalents)	70,502	69,200	66,878	2	5