Corporate Center

Business Group reporting

In third quarter 2007, Corporate Center recorded a loss from continuing operations of CHF 31 million, down from the gain of CHF 1,734 million in second quarter 2007, when results included a gain of CHF 1,950 million relating to the sale of the 20.7% stake in Julius Baer.

Search only in Quarterly Reporting Q3 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	30.9.07	30.6.07	30.9.06	2Q07	3Q06	30.9.07	30.9.06
Income	353	2,092 ¹	(64)	(83)		2,575 ¹	230
Credit loss (expense) / recovery ²	(49)	(31)	(33)	58	48	(131)	(24)
Total operating income	304	2,061	(97)	(85)		2,444	206
Cash components	324	324	289	0	12	944	841
Share-based components ³	73	34	32	115	128	131	87
Total personnel expenses	397	358	321	11	24	1,075	928
General and administrative expenses	313	337	331	(7)	(5)	954	911
Services (to) / from other business units	(560)	(552)	(502)	(1)	(12)	(1,651)	(1,457)
Depreciation of property and equipment	185	184	211	1	(12)	556	585
Amortization of intangible assets	0	0	(1)		100	0	8
Total operating expenses ⁴	335	327	360	2	(7)	934	975
Business Group performance from continuing operations before tax	(31)	1,734	(457)		93	1,510	(769)
Business Group performance from discontinued operations before tax	0	(1)	4	100	(100)	7	4
Business Group performance before tax	(31)	1,733	(453)		93	1,517	(765)

Additional information
BIS risk-weighted assets	7,838	8,639	8,755	(9)	(10)
Personnel (full-time equivalents)	6,733	6,277	4,437	7	52
Personnel excluding IT Infrastructure (ITI) (full-time equivalents)	2,381	2,065	1,544	15	54
Personnel for ITI (full-time equivalents)	4,352	4,212	2,893	3	50
1 Includes pre-tax gain of CHF 1,950 million related to the sale of 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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