UBS AG

Investor Relations

Annual Review

Financial Report

Handbook




	UBS financial highlights

	Who we are

	More about us





	UBS reporting structure

	Measurement and analysis of performance





	Results

	Performance Indicators





	Results

	Global Wealth Management & Business Banking

	Wealth Management International & Switzerland

	Wealth Management US

	Business Banking Switzerland

	Global Asset Management

	Investment Bank

	Corporate Center





	Industrial Holdings





	Balance sheet and off-balance sheet

	Cash flows





	Accounting principles

	Critical accounting policies





	Management's report on internal control over financial reporting

	Financial Statements





	Note 1 Summary of Significant Accounting Policies

	Note 2

	Note 3 Net Interest and Trading Income

	Note 4 Net Fee and Commission Income

	Note 5 Other Income

	Note 6 Personnel Expenses

	Note 7 General and Administrative Expenses

	Note 8 Earnings per Share (EPS) and Shares Outstanding

	Note 9 Financial Assets Designated at Fair Value

	Note 10

	Note 11 Securities Borrowing, Securities Lending, Repurchase and Reverse Repurchase Agreements

	Note 12 Trading Portfolio

	Note 13 Financial Investments Available-for-Sale

	Note 14 Investments in Associates

	Note 15 Property and Equipment

	Note 16 Goodwill and Other Intangible Assets

	Note 17 Other Assets

	Note 18 Due to Banks and Customers

	Note 19 Financial Liabilities Designated at Fair Value and Debt Issued

	Note 20 Other Liabilities

	Note 21 Provisions

	Note 22 Income Taxes

	Note 23 Derivative Instruments and Hedge Accounting

	Note 24 Pledgeable Off-Balance Sheet Securities

	Note 25 Fiduciary Transactions

	Note 26 Commitments and Contingent Liabilities

	Note 27 Operating Lease Commitments

	Note 28 Pledged Assets

	Note 29 Financial Instruments Risk Position

	Note 30 Fair Value of Financial Instruments and Continued Recognition of Transferred Financial Assets

	Note 31 Pension and Other Post-Retirement Benefit Plans

	Note 32 Equity Participation and Other Compensation Plans

	Note 33 Related Parties

	Note 34 Post-Balance Sheet Events

	Note 35 Significant Subsidiaries and Associates

	Note 36 Invested Assets and Net New Money

	Note 37 Business Combinations

	Note 38 Discontinued Operations

	Note 39 Currency Translation Rates

	Note 40 Swiss Banking Law Requirements

	Note 41 Reconciliation of International Financial Reporting Standards (IFRS) to United States Generally Accepted Accounting Principles (US GAAP)

	Note 42 Additional Disclosures Required under US GAAP and SEC Rules





	Parent Bank Review

	Financial Statements

	Accounting Principles

	Additional Income Statement Information

	Additional Balance Sheet Information

	Off-Balance Sheet and Other Information





	A - Introduction

	B - Selected Financial Data

	C - Information on the Company

	D - Information Required by Industry Guide 3

UBS Homepage > Investor Relations > Annual Reporting 2006 > Financial Report > Global Wealth Management & Business Banking

Global Wealth Management & Business Banking


Marcel Rohner \| Chairman and CEO Global Wealth Management & Business Banking

GPre-tax profit for our international and Swiss wealth management businesses was CHF 5,203 million, up 25% from the result achieved in 2005. In the US, pre-tax profit rose to CHF 582 million from CHF 312 million a year earlier. Business Banking Switzerland's pre-tax profit was CHF 2,356 million, up 8% from 2005.

Business Group reporting

	As of or for the year ended			% change from
CHF million, except where indicated	31.12.06	31.12.05	31.12.04	31.12.05
Income	21,775	19,131	17,506	14
Adjusted expected credit loss ¹	156	107	(38)	46
Total operating income	21,931	19,238	17,468	14
Cash components	9,043	8,252	7,630	10
Share-based components ²	306	237	235	29
Total personnel expenses	9,349	8,489	7,865	10
General and administrative expenses	3,028	2,845	2,473	6
Services (to) / from other business units	1,118	960	1,137	16
Depreciation of property and equipment	232	226	202	3
Amortization of goodwill	0	0	238
Amortization of intangible assets	63	56	115	13
Total operating expenses	13,790	12,576	12,030	10
Business Group performance before tax	8,141	6,662	5,438	22

KPIs
Cost / income ratio (%) ³	63.3	65.7	68.7

Capital return and BIS data
Return on allocated regulatory capital (%) ⁴	39.3	34.7	31.3
BIS risk-weighted assets	155,158	147,348	134,004	5
Goodwill and excess intangible assets ⁵	5,978	5,407	3,648	11
Allocated regulatory capital ⁶	21,494	20,142	17,048	7

Additional information
Invested assets (CHF billion)	2,123	1,887	1,524	13
Net new money (CHF billion)	114.5	98.5	63.0
Client assets (CHF billion)	3,337	2,895	2,306	15
Personnel (full-time equivalents)	48,034	44,612	42,570	8
1 In management accounts, adjusted expected credit loss rather than credit loss expense or recovery is reported for the business groups (see note 2 to the financial statements). 2 Additionally includes social security contributions and expenses related to alternative investment awards. 3 Operating expenses / income. 4 Business Group performance before tax / average allocated regulatory capital. 5 Goodwill and intangible assets in excess of 4% of BIS Tier 1 Capital. 6 10% of BIS risk-weighted assets plus goodwill and excess intangible assets.

Top

Terms of Use | Privacy Statement

Products and services in these webpages may not be available for residents of certain nations. Please consult the sales restrictions relating to the service in question for further information.

© UBS 1998-2009. All rights reserved.