UBS - Balance Sheet

% change from
CHF million	31.12.02	31.12.01	31.12.01
Assets
Cash and balances with central banks	4 271	20 990	(80)
Due from banks	32 468	27 526	18
Cash collateral on securities borrowed	139 052	162 938	(15)
Reverse repurchase agreements	294 086	269 256	9
Trading portfolio assets	371 436	397 886	(7)
Positive replacement values	82 092	73 447	12
Loans, net of allowance for credit losses	211 647	226 545	(7)
Financial investments	8 391	28 803	(71)
Accrued income and prepaid expenses	6 453	7 554	(15)
Investments in associates	705	697	1
Property and equipment	7 869	8 695	(9)
Goodwill and other intangible assets	13 696	19 085	(28)
Other assets	8 952	9 875	(9)
Total assets	1 181 118	1 253 297	(6)
Total subordinated assets ¹	3 652	2 732	34
Liabilities
Due to banks	83 178	106 531	(22)
Cash collateral on securities lent	36 870	30 317	22
Repurchase agreements	366 858	368 620	0
Trading portfolio liabilities	106 453	105 798	1
Negative replacement values	81 282	71 443	14
Due to customers	306 876	333 781	(8)
Accrued expenses and deferred income	15 331	17 289	(11)
Debt issued	129 411	156 218	(17)
Other liabilities	12 339	15 658	(21)
Total liabilities	1 138 598	1 205 655	(6)
Minority interests	3 529	4 112	(14)
Shareholders' equity
Share capital	1 005	3 589	(72)
Share premium account	12 638	14 408	(12)
Gains / (losses) not recognized in the income statement	(159)	(193)	18
Retained earnings	32 638	29 103	12
Treasury shares	(7 131)	(3 377)	(111)
Total shareholders' equity	38 991	43 530	(10)
Total liabilities, minority interests and shareholders' equity	1 181 118	1 253 297	(6)
Total subordinated liabilities	10 102	13 818	(27)
¹ The subordinated assets for 2001 have been restated for the subordinated traded assets of CHF 2 325 million.