Notes (unaudited)

Note 2 Reporting by Business Group

Search only in Quarterly Reporting Q2 2008

Spreadsheets

Internal charges and transfer pricing adjustments are reflected in the performance of each business. Revenue-sharing agreements are used to allocate external customer revenues to a Business Group on a reasonable basis. Transactions between Business Groups are conducted at internally agreed transfer prices or at arm's length. The presentation of the business segments below reflects UBS's organization structure and management responsibilities. UBS's financial businesses are organized on a worldwide basis into three Business Groups and the Corporate Center. Global Wealth Management & Business Banking consists of three segments: Wealth Management International & Switzerland, Wealth Management US and Business Banking Switzerland. The Business Groups Investment Bank and Global Asset Management constitute one segment each. In total, UBS now reports five business segments and Corporate Center. Corporate Center includes all corporate functions and elimination items and is not considered a business segment.

For the six months ended 30 June 2008
							UBS
	Global Wealth Management & Business Banking			Global Asset Management	Investment Bank	Corporate Center
CHF million	Wealth Management International & Switzerland	Wealth Management US	Business Banking Switzerland
Income	5,917	3,004	2,504	1,599	(16,797)	4,172	398
Credit loss (expense) / recovery	(4)	0	(7)	0	(318)	0	(329)
Total operating income	5,913	3,003	2,497	1,599	(17,116)	4,172	69
Personnel expenses	1,840	2,061	1,232	595	3,527	631	9,887
General and administrative expenses	524	1,318	521	217	1,900	594	5,074
Services (to) / from other business units	796	116	(429)	73	439	(995)	0
Depreciation of property and equipment	48	39	35	15	97	324	558
Impairment of goodwill	0	0	0	0	341	0	341
Amortization of intangible assets	9	29	0	18	43	0	98
Total operating expenses	3,217	3,562	1,358	917	6,347	555	15,957
Business Group performance from continuing operations before tax	2,696	(559)	1,138	682	(23,462)	3,617	(15,889)
Business Group performance from discontinued operations before tax						179	179
Business Group performance before tax	2,696	(559)	1,138	682	(23,462)	3,796	(15,710)
Tax expense on continuing operations							(4,126)
Tax expense on discontinued operations							1
Net profit							(11,584)

Internal charges and transfer pricing adjustments are reflected in the performance of each business. Revenue-sharing agreements are used to allocate external customer revenues to a Business Group on a reasonable basis. Transactions between Business Groups are conducted at internally agreed transfer prices or at arm's length. The presentation of the business segments below reflects UBS's organization structure and management responsibilities. UBS's financial businesses are organized on a worldwide basis into three Business Groups and the Corporate Center. Global Wealth Management & Business Banking consists of three segments: Wealth Management International & Switzerland, Wealth Management US and Business Banking Switzerland. The Business Groups Investment Bank and Global Asset Management constitute one segment each. In addition, the Industrial Holdings segment holds all industrial operations controlled by the Group. In total, UBS now reports six business segments and Corporate Center.

For the six months ended 30 June 2007
								UBS
	Global Wealth Management & Business Banking			Global Asset Management	Investment Bank	Corporate Center
CHF million	Wealth Management International & Switzerland	Wealth Management US	Business Banking Switzerland			Corporate Center	Industrial Holdings
Income	6,273	3,304	2,630	2,075	12,479	2,222	502	29,485
Credit loss (expense) / recovery	0	(1)	33	0	(17)	0	0	15
Total operating income	6,273	3,303	2,663	2,075	12,462	2,222	502	29,500
Personnel expenses	1,915	2,283	1,327	1,069	7,011	728	14	14,347
General and administrative expenses	493	495	560	277	1,700	641	6	4,172
Services (to) / from other business units	777	159	(361)	76	360	(1,091)	80	0
Depreciation of property and equipment	43	39	28	42	100	371	(1)	622
Amortization of intangible assets	13	33	0	9	93	0	0	148
Total operating expenses	3,241	3,009	1,554	1,473	9,264	649	99	19,289
Business Group performance from continuing operations before tax	3,032	294	1,109	602	3,198	1,573	403	10,211
Business Group performance from discontinued operations before tax						7	6	13
Business Group performance before tax	3,032	294	1,109	602	3,198	1,580	409	10,224
Tax expense on continuing operations								1,597
Tax expense on discontinued operations								(262)
Net profit								8,889