In 2005 the information technology infrastructure cost per
full-time employee of CHF 26,731 decreased by CHF 1,600
from CHF 28,331 in 2004, showing the positive effects of
managing our information technology infrastructure centrally.
The ratio slightly increased to CHF 6,968 this quarter from
CHF 6,851 in fourth quarter 2004 due to higher depreciation
and hardware and software expenses in support of continued
business growth.