Industrial Holdings

Income statement

Search only in Quarterly Reporting Q2 2007

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Income Statement

Income statement
	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

Continuing operations
Revenues from industrial holdings	109	112	126	(3)	(13)	221	262
Other income	360	137	99	163	264	497	127
Total operating income	469	249	225	88	108	718	389
Personnel expenses	33	32	34	3	(3)	65	81
General and administrative expenses	16	23	29	(30)	(45)	39	52
Services (to)/from other business units	78	2	2			80	5
Depreciation of property and equipment	2	3	3	(33)	(33)	5	7
Amortization of intangible assets	2	1	1	100	100	3	3
Goods and materials purchased	58	59	64	(2)	(9)	117	132
Total operating expenses	189	120	133	58	42	309	280
Operating profit from continuing operations before tax	280	129	92	117	204	409	109
Tax expense	78	(18)	23		239	60	25
Net profit from continuing operations	202	147	69	37	193	349	84

Discontinued operations
Profit/(loss) from discontinued operations before tax	1	(1)	51		(98)	0	681
Tax expense	0	0	(1)		(100)	0	84
Net profit/(loss) from discontinued operations	1	(1)	52		(98)	0	597

Net profit	203	146	121	39	68	349	681
Net profit/(loss) attributable to minority interests	(8)	59	6			51	110
from continuing operations	(8)	59	6			51	7
from discontinued operations	0	0	0			0	103
Net profit/(loss) attributable to UBS shareholders	211	87	115	143	83	298	571
from continuing operations	210	88	63	139	233	298	77
from discontinued operations	1	(1)	52		(98)	0	494

Additional information
Private Equity¹
Investments, at cost ²	265	283	565	(6)	(53)
Gains recognized directly in equity	197	410	400	(52)	(51)
Portfolio fair value	462	693	965	(33)	(52)
Cost/income ratio (%) ³	40.3	48.2	59.1			43.0	72.0
BIS risk-weighted assets	259	456	727	(43)	(64)
Personnel (full-time equivalents)	3,913	3,891	6,011	1	(35)
1 Only comprises financial investments available-for-sale. 2 Historical cost of investments made, less divestments and impairments. 3 Operating expenses/operating income.

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