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Annual reporting 2008 (restated May 20, 2009)  
Strategy, perf. & resp. Divisions & Corp. Center Risk & treasury mgmt. Corp. gov. & comp. Fin. information Review
     
Introduction
Accounting principles
Critical accounting policies
Consolidated financial statements
Consolidated financial statements
Income statement
Balance sheet
Statement of changes in equity
Statement of recognized income and expense
Statement of cash flows
Notes
UBS AG (Parent Bank)
Parent Bank review
Parent Bank financial statements
Notes to the Parent Bank financial statements
Additional income statement information
Additional balance sheet information
Off-balance sheet and other information
Corporate governance and compensation report
Additional disclosure required under SEC regulations
A - Introduction
B - Selected financial data
C - Information on the company
D - Information required by industry guide 3
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UBS Homepage > Investor Relations > Annual report 2008 (restated May 20, 2009) > Financial information > Additional income statement information

Additional income statement information
Additional income statement information

Net trading income

For the year ended

% change from

CHF million

31.12.08

31.12.07

31.12.07

Equities

3,930

7,867

(50)

Fixed income

(15,505)

(7,679)

(102)

Foreign exchange and other 1

2,109

2,579

(18)

Total

(9,466)

2,767

1 Includes commodities trading income.

Extraordinary income and expenses

Extraordinary income includes a gain from the sale of the Bank of China investment of approximately CHF 360 million in 2008, whereas 2007 included a gain on the sale of UBS's 20.7% stake in Julius Baer of CHF 3,180 million. Further, 2008 includes a release of provisions of CHF 72 million, a release on reserves on investments in subsidiaries of CHF 490 million and a writeup of investments in associated companies of CHF 30 million (2007: CHF 409 million). Amounts in 2007 include a release on reserves on own properties of CHF 824 million and for lapsed employee options of CHF 165 million.

In 2008, extraordinary expenses include CHF 478 million related to an overstatement of trading income in 2007. ­Extraordinary expenses in 2007 were immaterial.

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Important notice 

UBS has restated its annual report for 2008 on May 20, 2009, including the financial statements and other information.

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