UBS AG
Screenreader-optimized Version for visually impaired and blind visitors Home | Accessibility | Zoom version | Local Sitemap | Service Finder | Search
   
Quarterly Reporting  
     
At a Glance
Financial Businesses
Industrial Holdings
Capital Management
Financial Information
Contacts
 

Corporate Center
Corporate Center

Business Group reporting
Business Group reporting

In fourth quarter 2007, Corporate Center recorded a CHF 255 million pre-tax loss from continuing operations. This compares with a CHF 31 million loss in third quarter 2007 and a CHF 318 million loss in fourth quarter 2006.

Search only in Quarterly Reporting Q4 2007

Business Group reporting

As of or for the quarter ended

% change from

Year ended

CHF million, except where indicated

31.12.07

30.9.07

31.12.06

3Q07

4Q06

31.12.07

31.12.06

Income

298

353

64

(16)

366

2,873 1

294

Credit loss (expense) / recovery 2

(261)

(49)

(37)

433

605

(392)

(61)

Total operating income

37

304

27

(88)

37

2,481

233

Cash components

271

324

292

(16)

(7)

1,215

1,133

Share-based components3

37

73

44

(49)

(16)

168

131

Total personnel expenses

308

397

336

(22)

(8)

1,383

1,264

General and administrative expenses

344

313

331

10

4

1,298

1,242

Services (to) / from other business units

(543)

(560)

(521)

3

(4)

(2,194)

(1,978)

Depreciation of property and equipment

183

185

198

(1)

(8)

739

783

Amortization of intangible assets

0

0

1

(100)

0

9

Total operating expenses 4

292

335

345

(13)

(15)

1,226

1,320

Business Group performance from continuing operations before tax

(255)

(31)

(318)

(723)

20

1,255

(1,087)

Business Group performance from discontinued operations before tax

0

0

0

7

4

Business Group performance before tax

(255)

(31)

(318)

(723)

20

1,262

(1,083)

Additional information

BIS risk-weighted assets

7,984

7,838

8,969

2

(11)

Personnel (full-time equivalents)

6,913

6,733

4,771

3

45

Personnel excluding IT Infrastructure (ITI) (full-time equivalents)

2,570

2,381

1,716

8

50

Personnel for ITI (full-time equivalents)

4,343

4,352

3,055

0

42

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 Corporate Center (see Note 2). 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).

Important legal information - please read the disclaimer before proceeding.

Products and services in these webpages are not available for US persons, for the exclusion of residents of other nations see the disclaimers relating to the actual services.

© UBS 1998-2008. All rights reserved.

Privacy Policy