Financial Statements

Statement of changes in equity (unaudited)

Search only in Quarterly Reporting Q3 2006

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Statement of changes in equity

	For the nine-month period ended
CHF million	30.9.06	30.9.05
Share capital
Balance at the beginning of the period	871	901
Issue of share capital	1	1
Capital repayment by par value reduction	(631)	0
Cancellation of second trading line treasury shares (2004 program)	0	(32)
Cancellation of second trading line treasury shares (2005 program)	(30)	0
Balance at the end of the period	211	870
Share premium
Balance at the beginning of the period	9,992	9,231
Premium on shares issued and warrants exercised	414	232
Net premium / (discount) on treasury share and own equity derivative activity	(135)	(226)
Employee share and share option plans	(359)	594
Balance at the end of the period	9,912	9,831
Net gains / (losses) not recognized in the income statement, net of tax
Foreign currency translation
Balance at the beginning of the period	(432)	(2,520)
Movements during the period	(900)	1,875
Subtotal – balance at the end of the period	(1,332)	(645)
Net unrealized gains / (losses) on available-for-sale investments, net of tax
Balance at the beginning of the period	931	761
Net unrealized gains / (losses) on available-for-sale investments	1,845	379
Impairment charges reclassified to the income statement	19	45
Realized gains reclassified to the income statement	(420)	(240)
Realized losses reclassified to the income statement	1	39
Subtotal – balance at the end of the period	2,376	984
Change in fair value of derivative instruments designated as cash flow hedges, net of tax
Balance at the beginning of the period	(681)	(322)
Net unrealized gains / (losses) on the revaluation of cash flow hedges	27	(659)
Net realized (gains) / losses reclassified to the income statement	205	251
Subtotal – balance at the end of the period	(449)	(730)
Balance at the end of the period	595	(391)
Revaluation reserve from step acquisitions, net of tax
Balance at the beginning of the period	101	90
Movements during the period	(63)	0
Balance at the end of the period	38	90
Retained earnings
Balance at the beginning of the period	44,414	37,001
Net profit attributable to UBS shareholders for the period	8,850	7,542
Dividends paid	(3,214)	(3,105)
Cancellation of second trading line treasury shares (2004 program)	0	(3,511)
Cancellation of second trading line treasury shares (2005 program)	(3,997)	0
Balance at the end of the period	46,053	37,927
Equity classified as obligation to purchase own shares
Balance at the beginning of the period	(133)	(96)
Movements during the period	(68)	(9)
Balance at the end of the period	(201)	(105)
Treasury shares
Balance at the beginning of the period	(10,739)	(11,105)
Acquisitions	(5,172)	(5,790)
Disposals	3,679	4,149
Cancellation of second trading line treasury shares (2004 program)	0	3,543
Cancellation of second trading line treasury shares (2005 program)	4,027	0
Balance at the end of the period	(8,205)	(9,203)
Equity attributable to UBS shareholders	48,403	39,019
Equity attributable to minority interests
Balance at the beginning of the period	7,619	5,426
Issuance of preferred securities	1,219	1,539
Other increases	117	25
Decreases and dividend payments	(2,895)	(416)
Foreign currency translation	(157)	483
Minority interest in net profit	397	499
Balance at the end of the period	6,300	7,556
Total equity	54,703	46,575

On 10 July 2006, UBS made a distribution of CHF 0.60 per share to shareholders which reduced the par value of UBS shares from CHF 0.80 to CHF 0.20 per share. At the same time, UBS split its share 2-for-1, resulting in a new par value of CHF 0.10 per share.

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