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Quarterly Reporting  
     
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Corporate Center
Corporate Center

Business Unit Reporting
Business Unit Reporting

Clive Standish

The Corporate Center recorded a pre-tax loss of CHF 142 million in second quarter 2006 compared to a loss of CHF 170 million in first quarter 2006 and CHF 289 million in second quarter 2005.

Search only in Quarterly Reporting Q2 2006

Quarter ended

% change from

Year to date

CHF million, except where indicated

30.6.06

31.3.06

30.6.05

1Q06

2Q05

30.6.06

30.6.05

Income

152

142

49

7

210

294

230

Credit loss (expense) / recovery 1

(19)

28

31

9

143

Total operating income

133

170

80

(22)

66

303

373

Cash components

269

283

244

(5)

10

552

481

Share-based components 2

27

28

35

(4)

(23)

55

57

Total personnel expenses

296

311

279

(5)

6

607

538

General and administrative expenses

266

314

284

(15)

(6)

580

536

Services to / from other business units

(490)

(465)

(427)

(5)

(15)

(955)

(847)

Depreciation of property and equipment

198

176

230

13

(14)

374

453

Amortization of intangible assets

5

4

3

25

67

9

8

Total operating expenses 3

275

340

369

(19)

(25)

615

688

Business Group performance from continuing operations before tax

(142)

(170)

(289)

16

51

(312)

(315)

Business Group performance from discontinued operations before tax

0

0

130

(100)

0

266

Business Group performance before tax

(142)

(170)

(159)

16

11

(312)

(49)

Additional information

As at

% change from

30.6.06

31.3.06

30.6.05

31.3.06

30.6.05

BIS risk-weighted assets

8,398

9,153

10,368

(8)

(19)

Personnel (full-time equivalents)

4,230

4,059

5,417

4

(22)

Personnel excluding IT Infrastructure (ITI) (full-time equivalents)

1,434

1,417

2,930

1

(51)

Personnel for ITI (full-time equivalents)

2,796

2,642

2,487

6

12

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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