Financial Businesses Results

Income statement

Search only in Quarterly Reporting Q4 2006

Spreadsheets

Income statement

Income statement¹
	As of or for the quarter ended			% change from		Year ended
CHF million, except where indicated	31.12.06	30.9.06	31.12.05	3Q06	4Q05	31.12.06	31.12.05

Continuing operations
Interest income	24,405	22,611	15,686	8	56	87,401	59,286
Interest expense	(22,880)	(20,773)	(13,476)	10	70	(80,880)	(49,758)
Net interest income	1,525	1,838	2,210	(17)	(31)	6,521	9,528
Credit loss (expense) / recovery	21	14	132	50	(84)	156	375
Net interest income after credit loss expense	1,546	1,852	2,342	(17)	(34)	6,677	9,903
Net fee and commission income	7,135	6,095	5,947	17	20	25,881	21,436
Net trading income	3,401	2,423	2,251	40	51	13,318	7,996
Other income	190	92	53	107	258	1,295	561
Total operating income	12,272	10,462	10,593	17	16	47,171	39,896
Cash components	5,438	4,814	4,708	13	16	21,282	18,275
Share-based components ²	557	523	406	7	37	2,187	1,628
Total personnel expenses	5,995	5,337	5,114	12	17	23,469	19,903
General and administrative expenses	2,235	2,036	1,959	10	14	7,929	6,448
Services (to) / from other business units	(1)	(3)	(3)	67	67	(9)	(14)
Depreciation of property and equipment	364	315	314	16	16	1,245	1,240
Amortization of intangible assets	52	30	33	73	58	148	127
Total operating expenses	8,645	7,715	7,417	12	17	32,782	27,704
Operating profit from continuing operations before tax	3,627	2,747	3,176	32	14	14,389	12,192
Tax expense	469	529	464	(11)	1	2,751	2,296
Net profit from continuing operations	3,158	2,218	2,712	42	16	11,638	9,896

Discontinued operations
Profit from discontinued operations before tax	0	4	4,153	(100)	(100)	4	4,564
Tax expense	0	0	413		(100)	0	489
Net profit from discontinued operations	0	4	3,740	(100)	(100)	4	4,075

Net profit	3,158	2,222	6,452	42	(51)	11,642	13,971
Net profit attributable to minority interests	103	104	115	(1)	(10)	389	454
from continuing operations	103	104	115	(1)	(10)	389	454
from discontinued operations	0	0	0			0	0
Net profit attributable to UBS shareholders	3,055	2,118	6,337	44	(52)	11,253	13,517
from continuing operations	3,055	2,114	2,597	45	18	11,249	9,442
from discontinued operations	0	4	3,740	(100)	(100)	4	4,075

Additional information
Personnel (full-time equivalents)	78,140	75,593	69,569	3	12
1 Excludes results from industrial holdings. 2 Additionally includes related social security contributions and expenses related to alternative investment awards.