Financial Statements

Statement of changes in equity (unaudited)

Search only in Quarterly Reporting Q2 2008

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Statement of changes in equity (unaudited)

Statement of changes in equity (unaudited)
	For the six-month period ended
CHF million	30.6.08	30.6.07
Share capital
Balance at the beginning of the period	207	211
Issue of share capital	86	0
Cancellation of second trading line treasury shares	0	(4)
Balance at the end of the period	293	207
Share premium
Balance at the beginning of the period	8,884	9,870
Change in accounting policy	3,549	2,770
Premium on shares issued and warrants exercised	22,879	4
Net premium / (discount) on treasury share and own equity derivative activity	(2,268)	(177)
Employee share and share option plans	(1,671)	(313)
Tax benefits from deferred compensation awards	26	290
Transaction costs related to share issuances, net of tax	(408)	0
Balance at the end of the period attributable to UBS shareholders	30,991	12,444
Balance at the end of the period attributable to minority interests	449	510
Balance at the end of the period	31,440	12,954
Net income recognized directly in equity, net of tax
Foreign currency translation
Balance at the beginning of the period	(2,627)	(1,618)
Change in accounting policy	27	4
Movements during the period	(2,146)	569
Subtotal - balance at the end of the period attributable to UBS shareholders	(4,746)	(1,045)
Balance at the end of the period attributable to minority interests	(955)	(152)
Subtotal - balance at the end of the period	(5,701)	(1,197)
Net unrealized gains / (losses) on financial investments available-for-sale, net of tax
Balance at the beginning of the period	1,471	2,876
Net unrealized gains / (losses) on financial investments available-for-sale	(187)	1,535
Impairment charges reclassified to the income statement	6	13
Realized gains reclassified to the income statement	(78)	(2,765)
Realized losses reclassified to the income statement	5	4
Subtotal - balance at the end of the period attributable to UBS shareholders	1,217	1,663
Balance at the end of the period attributable to minority interests	1	30
Subtotal - balance at the end of the period	1,218	1,693
Changes in fair value of derivative instruments designated as cash flow hedges, net of tax
Balance at the beginning of the period	(32)	(443)
Net unrealized gains / (losses) on the revaluation of cash flow hedges	13	(73)
Net realized (gains) / losses reclassified to the income statement	(19)	97
Subtotal - balance at the end of the period attributable to UBS shareholders	(38)	(419)
Balance at the end of the period attributable to minority interests	0	0
Subtotal - balance at the end of the period	(38)	(419)

Net income recognized directly in equity, net of tax - attributable to UBS shareholders	(3,567)	199
Net income recognized directly in equity - attributable to minority interests	(954)	(122)
Balance at the end of the period	(4,521)	77

Revaluation reserve from step acquisitions, net of tax
Balance at the beginning of the period	38	38
Movements during the period	0	0
Balance at the end of the period attributable to UBS shareholders	38	38

Statement of changes in equity (unaudited)
	For the six-month period ended
CHF million	30.6.08	30.6.07
Retained earnings
Balance at the beginning of the period	38,081	49,151
Change in accounting policy	(3,942)	(3,079)
Net profit attributable to UBS shareholders for the period	(11,893)	8,578
Dividends paid	(16)	(4,275)
Cancellation of second trading line treasury shares	0	(2,411)
Balance at the end of the period attributable to UBS shareholders	22,230	47,964
Balance at the end of the period attributable to minority interests	71	(80)
Balance at the end of the period	22,301	47,884
Equity classified as obligation to purchase own shares
Balance at the beginning of the period	(74)	(185)
Movements during the period	(11)	22
Balance at the end of the period attributable to UBS shareholders	(85)	(163)
Treasury shares
Balance at the beginning of the period	(10,363)	(10,214)
Acquisitions	(334)	(5,393)
Disposals	5,080	3,649
Cancellation of second trading line treasury shares	0	2,415
Balance at the end of the period attributable to UBS shareholders	(5,617)	(9,543)

Minority interests - preferred securities	8,445	5,831

Total equity attributable to UBS shareholders	44,283	51,146
Total equity attributable to minority interests	8,011	6,139
Total equity	52,294	57,285

Additional information: equity attributable to minority interests
	For the six-month period ended
CHF million	30.6.08	30.6.07
Balance at the beginning of the period	6,951	6,089
Issuance of preferred securities	1,618	0
Other increases	21	14
Decreases and dividend payments	(413)	(327)
Foreign currency translation	(475)	52
Minority interest in net profit	309	311
Balance at the end of the period	8,011	6,139