Financial Businesses Results

Search only in Quarterly Reporting Q1 2007

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Income statement

Income statement ¹
	As of or for the quarter ended			% change from
CHF million, except where indicated	31.3.07	31.12.06	31.3.06	4Q06	1Q06

Continuing operations
Interest income	25,942	24,405	19,046	6	36
Interest expense	(24,634)	(22,880)	(17,196)	8	43
Net interest income	1,308	1,525	1,850	(14)	(29)
Credit loss (expense) / recovery	1	21	83	(95)	(99)
Net interest income after credit loss expense	1,309	1,546	1,933	(15)	(32)
Net fee and commission income	7,396	7,135	6,229	4	19
Net trading income	4,535	3,401	3,701	33	23
Other income	107	190	517	(44)	(79)
Total operating income	13,347	12,272	12,380	9	8
Cash components	6,282	5,438	5,686	16	10
Share-based components ²	527	557	514	(5)	3
Total personnel expenses	6,809	5,995	6,200	14	10
General and administrative expenses	1,900	2,235	1,904	(15)	0
Services (to) / from other business units	(2)	(1)	(3)	(100)	33
Depreciation of property and equipment	300	364	270	(18)	11
Amortization of intangible assets	84	52	34	62	147
Total operating expenses	9,091	8,645	8,405	5	8
Operating profit from continuing operations before tax	4,256	3,627	3,975	17	7
Tax expense	971	469	842	107	15
Net profit from continuing operations	3,285	3,158	3,133	4	5

Discontinued operations
Profit from discontinued operations before tax	8	0	0
Tax expense	2	0	0
Net profit from discontinued operations	6	0	0

Net profit	3,291	3,158	3,133	4	5
Net profit attributable to minority interests	103	103	85	0	21
from continuing operations	103	103	85	0	21
from discontinued operations	0	0	0
Net profit attributable to UBS shareholders	3,188	3,055	3,048	4	5
from continuing operations	3,182	3,055	3,048	4	4
from discontinued operations	6	0	0

Additional information
Personnel (full-time equivalents)	80,637	78,140	70,210	3	15
1 Excludes results from industrial holdings. 2 Additionally includes related social security contributions and expenses related to alternative investment awards.

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