Industrial Holdings

Income statement

Spreadsheets

Income statement

Income statement
	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
Revenues from industrial holdings	112	109	136	3	(18)
Other income	137	122	28	12	389
Total operating income	249	231	164	8	52
Personnel expenses	32	37	47	(14)	(32)
General and administrative expenses	23	14	23	64	0
Services (to) / from other business units	2	1	3	100	(33)
Depreciation of property and equipment	3	4	4	(25)	(25)
Amortization of intangible assets	1	1	2	0	(50)
Goods and materials purchased	59	54	68	9	(13)
Total operating expenses	120	111	147	8	(18)
Operating profit from continuing operations before tax	129	120	17	8	659
Tax expense	(18)	31	2
Net profit from continuing operations	147	89	15	65	880
Discontinued operations
Profit / (loss) from discontinued operations before tax	(1)	157	630
Tax expense	0	(99)	85	100	(100)
Net profit / (loss) from discontinued operations	(1)	256	545
Net profit	146	345	560	(58)	(74)
Net profit / (loss) attributable to minority interests	59	(7)	104		(43)
from continuing operations	59	(7)	1
from discontinued operations	0	0	103		(100)
Net profit / (loss) attributable to UBS shareholders	87	352	456	(75)	(81)
from continuing operations	88	96	14	(8)	529
from discontinued operations	(1)	256	442
Additional information
Private Equity¹
Investments, at cost ²	283	344	683	(18)	(59)
Gains recognized directly in equity	410	517	395	(21)	4
Portfolio fair value	693	861	1,078	(20)	(36)
Cost / income ratio (%) ³	48.2	48.1	89.6
BIS risk-weighted assets	456	443	1,028	3	(56)
Personnel (full-time equivalents)	3,891	4,241	10,007	(8)	(61)
1 Only comprises financial investments available-for-sale. 2 Historical cost of investments made, less divestments and impairments. 3 Operating expenses / operating income.