Corporate Center

Business Group reporting

Corporate Center recorded a pre-tax loss of CHF 170 million in first quarter 2006 compared to a loss from continuing operations of CHF 242 million in fourth quarter 2005 and CHF 26 million in first quarter 2005.

Search only in Quarterly Reporting Q1 2006

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Business Group reporting


Business Group reporting
	Quarter ended			% change from
CHF million, except where indicated	31.3.06	31.12.05	31.3.05	4Q05	1Q05
Income	142	111	181	28	(22)
Credit loss (expense) / recovery ¹	28	88	112	(68)	(75)
Total operating income	170	199	293	(15)	(42)
Cash components	283	350	237	(19)	19
Share-based components ²	28	27	22	4	27
Total personnel expenses	311	377	259	(18)	20
General and administrative expenses	314	315	252	0	25
Services to / from other business units	(465)	(457)	(420)	(2)	(11)
Depreciation of property and equipment	176	204	223	(14)	(21)
Amortization of intangible assets	4	2	5	100	(20)
Total operating expenses ³	340	441	319	(23)	7
Business Group performance from continuing operations before tax	(170)	(242)	(26)	30	(554)
Business Group performance from discontinued operations before tax	0	4,153	136	(100)	(100)
Business Group performance before tax	(170)	3,911	110

Additional information	As at			% change from
	31.3.06	31.12.05	31.3.05	31.12.05	31.3.05
BIS risk-weighted assets	9,153	8,143	11,183	12	(18)
Personnel (full-time equivalents)	4,059	3,922	5,365	3	(24)
Personnel excluding IT Infrastructure (ITI) (full-time equivalents)	1,417	1,370	2,897	3	(51)
Personnel for ITI (full-time equivalents)	2,642	2,552	2,468	4	7

1 In order to show the relevant Business Group performance over time, adjusted expected credit loss rather than credit loss expense is reported for all Business Groups. The difference between the adjusted expected credit loss and credit loss expense recorded at Group level is reported in the Corporate Center (see note 2 to the financial statements). 2 Additionally includes related social security contributions and expenses related to alternative investment awards. 3 Includes expenses for the Chairman’s office (comprising the Company Secretary, Board of Directors and Group Internal Audit).

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