Financial Statements

Income statement (unaudited)

Search only in Quarterly Reporting Q4 2006

Spreadsheets

Income statement

		Quarter ended			% change from		Year ended
CHF million, except per share data	Note	31.12.06	30.9.06	31.12.05	3Q06	4Q05	31.12.06	31.12.05

Continuing operations
Interest income	3	24,405	22,611	15,686	8	56	87,401	59,286
Interest expense	3	(22,880)	(20,773)	(13,476)	10	70	(80,880)	(49,758)
Net interest income	3	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	4	7,135	6,095	5,947	17	20	25,881	21,436
Net trading income	3	3,401	2,423	2,251	40	51	13,318	7,996
Other income	5	312	145	190	115	64	1,596	1,122
Revenues from industrial holdings		148	190	173	(22)	(14)	693	675
Total operating income		12,542	10,705	10,903	17	15	48,165	41,132
Personnel expenses	6	6,045	5,381	5,187	12	17	23,671	20,148
General and administrative expenses	7	2,274	2,082	2,001	9	14	8,116	6,632
Depreciation of property and equipment		369	320	319	15	16	1,263	1,261
Amortization of intangible assets		53	31	36	71	47	153	131
Goods and materials purchased		61	82	74	(26)	(18)	295	283
Total operating expenses		8,802	7,896	7,617	11	16	33,498	28,455
Operating profit from continuing operations before tax		3,740	2,809	3,286	33	14	14,667	12,677
Tax expense		499	512	527	(3)	(5)	2,786	2,471
Net profit from continuing operations		3,241	2,297	2,759	41	17	11,881	10,206

Discontinued operations
Profit from discontinued operations before tax		164	5	4,304		(96)	856	5,060
Tax expense / (benefit)		(98)	(2)	414			(13)	576
Net profit from discontinued operations		262	7	3,890		(93)	869	4,484

Net profit		3,503	2,304	6,649	52	(47)	12,750	14,690
Net profit attributable to minority interests		96	105	162	(9)	(41)	493	661
from continuing operations		96	105	112	(9)	(14)	390	430
from discontinued operations		0	0	50		(100)	103	231
Net profit attributable to UBS shareholders		3,407	2,199	6,487	55	(47)	12,257	14,029
from continuing operations		3,145	2,192	2,647	43	19	11,491	9,776
from discontinued operations		262	7	3,840		(93)	766	4,253

Earnings per share
Basic earnings per share (CHF)	8	1.73	1.11	3.28	56	(47)	6.20	6.97
from continuing operations		1.60	1.11	1.34	44	19	5.81	4.85
from discontinued operations		0.13	0.00	1.94		(93)	0.39	2.12
Diluted earnings per share (CHF)	8	1.66	1.07	3.14	55	(47)	5.95	6.68
from continuing operations		1.54	1.07	1.28	44	20	5.58	4.66
from discontinued operations		0.12	0.00	1.86		(94)	0.37	2.02