Industrial Holdings

Income statement

Search only in Quarterly Reporting Q1 2006

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Income statement


Income statement
	Quarter ended			% change from
CHF million, except where indicated	31.3.06	31.12.05	31.3.05	4Q05	1Q05

Continuing operations
Revenues from industrial holdings	344	444	506	(23)	(32)
Other income	206	128	252	61	(18)
Total operating income	550	572	758	(4)	(27)
Personnel expenses	100	125	143	(20)	(30)
General and administrative expenses	81	101	116	(20)	(30)
Services to / from other business units	3	3	2	0	50
Depreciation of property and equipment	20	27	27	(26)	(26)
Amortization of intangible assets	2	30	1	(93)	100
Goods and materials purchased	145	210	232	(31)	(38)
Total operating expenses	351	496	521	(29)	(33)
Operating profit from continuing operations before tax	199	76	237	162	(16)
Tax expense	1	71	66	(99)	(98)
Net profit from continuing operations	198	5	171		16

Discontinued operations
Profit from discontinued operations before tax	448	185	111	142	304
Tax expense	86	(7)	24		258
Net profit from discontinued operations	362	192	87	89	316

Net profit	560	197	258	184	117
Net profit attributable to minority interests	104	47	60	121	73
from continuing operations	56	(5)	(3)
from discontinued operations	48	52	63	(8)	(24)
Net profit attributable to UBS shareholders	456	150	198	204	130
from continuing operations	142	10	174		(18)
from discontinued operations	314	140	24	124

Private Equity ¹
	As at			% change from
CHF billion	31.3.06	31.12.05	31.3.05	31.12.05	31.3.05
Investment ²	0.7	0.7	1.2	0	(42)
Portfolio fair value	1.1	1.0	1.5	10	(27)

Additional information	As at or for the quarter ended			% change from
	31.3.06	31.12.05	31.3.05	4Q05	1Q05
Cost / income ratio (%) ³	63.8	86.7	68.7
BIS risk-weighted assets (CHF million)	1,028	2,035	2,606	(49)	(61)
Personnel (full-time equivalents)	10,007	21,636	29,990	(54)	(67)

1 Only comprises financial investments available-for-sale. 2 Historical cost of investments made, less divestments and impairments. 3 Operating expenses / operating income.

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