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Quarterly Reporting  
     
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Changes in 2008
UBS results for third quarter 2008
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Corporate Center
Corporate Center

Division reporting
Division reporting

Search only in Quarterly Reporting Q3 2008
Spreadsheets

In third quarter 2008, Corporate Center recorded a CHF 7 million pre-tax loss from continuing operations, compared with a pre-tax loss of CHF 330 million from continuing operations in the prior quarter.

Division reporting

As of or for the quarter ended

% change from

Year-to-date

CHF million, except where indicated

30.9.08

30.6.08

30.9.07

2Q08

3Q07

30.9.08

30.9.07

Total operating income

215

(50)

537

(60)

4,386

3,261

Cash components

280

325

338

(14)

(17)

915

972

Share-based components 1

2

2

13

0

(85)

(2)

121

Total personnel expenses

282

328

351

(14)

(20)

913

1,093

General and administrative expenses

274

303

313

(10)

(12)

869

960

Services (to) / from other business units

(512)

(510)

(521)

0

2

(1,507)

(1,532)

Depreciation of property and equipment

178

161

185

11

(4)

502

555

Amortization of intangible assets

0

0

0

0

0

Total operating expenses2

222

281

328

(21)

(32)

777

1,076

Division performance from continuing operations before tax

(7)

(330)

209

98

3,610

2,185

Division performance from discontinued operations before tax

0

59

98

(100)

(100)

179

111

Division performance before tax

(7)

(272)

307

97

3,789

2,296

Contribution from private equity / Industrial Holdings

Total operating income

(1)

4

184

34

686

Total operating expenses

(10)

10

54

56

153

Operating profit from continuing operations before tax

8

(6)

130

(94)

(21)

533

Profit from discontinued operations before tax

0

15

98

(100)

(100)

136

104

Additional information

BIS risk-weighted assets (CHF billion) 3

12.0

11.7

3

Personnel (full-time equivalents) 4

7,207

7,277

6,733

(1)

7

Personnel for Operational Corporate Center (full-time equivalents)

1,597

1,647

1,568

(3)

2

Personnel for ITI (full-time equivalents)

4,140

4,189

4,352

(1)

(5)

Personnel for Group Offshoring (full-time equivalents)

1,469

1,442

813

2

81

1 Additionally includes social security contributions and expenses related to alternative investment awards. 2 Includes expenses for the Company Secretary, Board of Directors and Group Internal Audit. 3 BIS risk-weighted assets (RWA) are according to Basel II; for quarters prior to 1Q08, RWA are according to the Basel I framework. 4 Personnel numbers exclude full-time equivalents from private equity: 4 for 3Q08, 5 for 2Q08, 3,740 for 3Q07.

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