Corporate Center

Business Group reporting

Corporate Center recorded a pre-tax loss from continuing operations of CHF 457 million in third quarter 2006, compared with a loss of CHF 142 million in second quarter 2006 and CHF 151 million in third quarter 2005. This was mainly driven by the cumulative impact of timing effects on income from treasury activities and higher credit loss expense.

Search only in Quarterly Reporting Q3 2006

Spreadsheets

Business Group reporting


Business Group reporting
	As at or for the quarter ended			% change from		Year to date
CHF million, except where indicated	30.9.06	30.6.06	30.9.05	2Q06	3Q05	30.9.06	30.9.05
Income	(64)	152	114			230	344
Credit loss (expense) / recovery ¹	(33)	(19)	1	(74)		(24)	144
Total operating income	(97)	133	115			206	488
Cash components	289	269	228	7	27	841	709
Share-based components ²	32	27	24	19	33	87	81
Total personnel expenses	321	296	252	8	27	928	790
General and administrative expenses	331	266	233	24	42	911	769
Services (to) / from other business units	(502)	(490)	(426)	(2)	(18)	(1,457)	(1,273)
Depreciation of property and equipment	211	198	200	7	6	585	653
Amortization of intangible assets	(1)	5	7			8	15
Total operating expenses ³	360	275	266	31	35	975	954
Business Group performance from continuing operations before tax	(457)	(142)	(151)	(222)	(203)	(769)	(466)
Business Group performance from discontinued operations before tax	4	0	145		(97)	4	411
Business Group performance before tax	(453)	(142)	(6)	(219)		(765)	(55)

Additional information
BIS risk-weighted assets	8,755	8,398	10,947	4	(20)
Personnel (full-time equivalents)	4,437	4,230	5,529	5	(20)
Personnel excluding IT Infrastructure (ITI) (full-time equivalents)	1,544	1,434	3,001	8	(49)
Personnel for ITI (full-time equivalents)	2,893	2,796	2,528	3	14

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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