Corporate Center

Business Group reporting

In fourth quarter 2006, Corporate Center recorded a loss from continuing operations of CHF 318 million, down from a loss of CHF 457 million in third quarter 2006 but up from the CHF 242 million loss in fourth quarter 2005.

Search only in Quarterly Reporting Q4 2006

Spreadsheets

Business Group reporting

Business Group reporting
	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
Income	64	(64)	111		(42)	294	455
Credit loss (expense) / recovery ¹	(37)	(33)	88	12		(61)	232
Total operating income	27	(97)	199		(86)	233	687
Cash components	292	289	350	1	(17)	1,133	1,059
Share-based components ²	44	32	27	38	63	131	108
Total personnel expenses	336	321	377	5	(11)	1,264	1,167
General and administrative expenses	331	331	315	0	5	1,242	1,084
Services (to) / from other business units	(521)	(502)	(457)	(4)	(14)	(1,978)	(1,730)
Depreciation of property and equipment	198	211	204	(6)	(3)	783	857
Amortization of intangible assets	1	(1)	2		(50)	9	17
Total operating expenses³	345	360	441	(4)	(22)	1,320	1,395
Business Group performance from continuing operations before tax	(318)	(457)	(242)	30	(31)	(1,087)	(708)
Business Group performance from discontinued operations before tax	0	4	4,153	(100)	(100)	4	4,564
Business Group performance before tax	(318)	(453)	3,911	30		(1,083)	3,856

Additional information
BIS risk-weighted assets	8,969	8,755	8,143	2	10
Personnel (full-time equivalents)	4,771	4,437	3,922	8	22
Personnel excluding IT Infrastructure (ITI) (full-time equivalents)	1,716	1,544	1,370	11	25
Personnel for ITI (full-time equivalents)	3,055	2,893	2,552	6	20
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).