Statement of changes in equity (unaudited)

Spreadsheets

Statement of changes in equity (unaudited)

Statement of changes in equity (unaudited)
	Quarter ended
CHF million	31.3.07	31.3.06
Share capital
Balance at the beginning of the period	211	871
Issue of share capital	0	0
Balance at the end of the period	211	871
Share premium
Balance at the beginning of the period	9,870	9,992
Premium on shares issued and warrants exercised	10	85
Net premium / (discount) on treasury share and own equity derivative activity	(12)	20
Employee share and share option plans	(1,360)	(1,867)
Tax benefits from exercise of employee share options	127	287
Balance at the end of the period	8,635	8,517
Net income recognized directly in equity, net of tax
Foreign currency translation
Balance at the beginning of the period	(1,618)	(432)
Movements during the period	56	(119)
Subtotal – balance at the end of the period	(1,562)	(551)
Net unrealized gains / (losses) on financial investments available-for-sale, net of tax
Balance at the beginning of the period	2,876	931
Net unrealized gains / (losses) on financial investments available-for-sale	645	701
Impairment charges reclassified to the income statement	10	2
Realized gains reclassified to the income statement	(168)	(93)
Realized losses reclassified to the income statement	1	0
Subtotal – balance at the end of the period	3,364	1,541
Changes in fair value of derivative instruments designated as cash flow hedges, net of tax
Balance at the beginning of the period	(443)	(681)
Net unrealized gains / (losses) on the revaluation of cash flow hedges	24	(141)
Net realized (gains) / losses reclassified to the income statement	58	111
Subtotal – balance at the end of the period	(361)	(711)
Balance at the end of the period	1,441	279
Revaluation reserve from step acquisitions, net of tax
Balance at the beginning of the period	38	101
Movements during the period	0	(63)
Balance at the end of the period	38	38
Retained earnings
Balance at the beginning of the period	49,151	44,105
Net profit attributable to UBS shareholders for the period	3,275	3,504
Balance at the end of the period	52,426	47,609
Equity classified as obligation to purchase own shares
Balance at the beginning of the period	(185)	(133)
Movements during the period	(10)	14
Balance at the end of the period	(195)	(119)

Statement of changes in equity (continued) (unaudited)
	Quarter ended
CHF million	31.3.07	31.3.06
Treasury shares
Balance at the beginning of the period	(10,214)	(10,739)
Acquisitions	(3,481)	(2,226)
Disposals	2,745	3,311
Balance at the end of the period	(10,950)	(9,654)
Equity attributable to UBS shareholders	51,606	47,541
Equity attributable to minority interests
Balance at the beginning of the period	6,089	7,619
Other increases	13	16
Decreases and dividend payments	(109)	(2,248)
Foreign currency translation	1	(5)
Minority interest in net profit	162	189
Balance at the end of the period	6,156	5,571
Total equity	57,762	53,112