Corporate Center

Business Group reporting

In second quarter 2007, Corporate Center recorded a profit from continuing operations of CHF 1,734 million, up from the loss of CHF 193 million in first quarter 2007. Without the gain of CHF 1,950 million relating to the sale of the 20.7% stake in Julius Baer this quarter, Corporate Center would have posted a loss of CHF 216 million.

Search only in Quarterly Reporting Q2 2007

Spreadsheets

Business Group reporting

Business Group reporting
	As of or for the quarter ended			% change from		Year to date
CHF million, except where indicated	30.6.07	31.3.07	30.6.06	1Q07	2Q06	30.6.07	30.6.06
Income	2,092¹	130	152			2,222 ¹	294
Credit loss (expense)/recovery ²	(31)	(51)	(19)	(39)	63	(82)	9
Total operating income	2,061	79	133			2,140	303
Cash components	324	296	269	9	20	620	552
Share-based components ³	34	24	27	42	26	58	55
Total personnel expenses	358	320	296	12	21	678	607
General and administrative expenses	337	304	266	11	27	641	580
Services (to)/from other business units	(552)	(539)	(490)	(2)	(13)	(1,091)	(955)
Depreciation of property and equipment	184	187	198	(2)	(7)	371	374
Amortization of intangible assets	0	0	5		(100)	0	9
Total operating expenses⁴	327	272	275	20	19	599	615
Business Group performance from continuing operations before tax	1,734	(193)	(142)			1,541	(312)
Business Group performance from discontinued operations before tax	(1)	8	0			7	0
Business Group performance before tax	1,733	(185)	(142)			1,548	(312)

Additional information
BIS risk-weighted assets	8,639	8,620	8,398	0	3
Personnel (full-time equivalents)	6,277	6,016	4,230	4	48
Personnel excluding IT Infrastructure (ITI) (full-time equivalents)	2,065	1,921	1,434	7	44
Personnel for ITI (full-time equivalents)	4,212	4,095	2,796	3	51
1 Includes pre-tax gain of CHF 1,950 million related to the sale of the 20.7% stake in Julius Baer. 2 In order to show the relevant Business Group performance over time, adjusted expected credit loss rather than credit loss expense or recovery is reported for all Business Groups. The difference between the adjusted expected credit loss and credit loss expense or recovery recorded at Group level is reported in the Corporate Center (see note 2 to the financial statements). 3 Additionally includes social security contributions and expenses related to alternative investment awards. 4 Includes expenses for the Chairman's office (comprising the Company Secretary, Board of Directors and Group Internal Audit).

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