Balance Sheet (unaudited)

Interactive Report

Balance Sheet

				% change from

CHF million	30.9.03	30.6.03	31.12.02	31.12.02


Assets
Cash and balances with central banks	4,790	5,231	4,271	12
Due from banks	38,694	43,605	32,468	19
Cash collateral on securities borrowed	184,328	179,218	139,052	33
Reverse repurchase agreements	310,470	346,320	294,086	6
Trading portfolio assets	436,278	446,137	371,436	17
Positive replacement values	92,264	87,376	82,092	12
Loans	216,895	211,937	211,647	2
Financial investments	6,166	6,616	8,391	(27)
Accrued income and prepaid expenses	7,186	6,322	6,453	11
Investments in associates	1,870	1,710	705	165
Property and equipment	7,443	7,529	7,869	(5)
Goodwill and other intangible assets	12,128	12,684	13,696	(11)
Other assets	9,628	10,806	8,952	8


Total assets	1,328,140	1,365,491	1,181,118	12


Total subordinated assets	4,218	4,018	3,652	15


Liabilities
Due to banks	115,295	119,801	83,178	39
Cash collateral on securities lent	46,436	40,280	36,870	26
Repurchase agreements	395,213	428,846	366,858	8
Trading portfolio liabilities	137,053	136,038	106,453	29
Negative replacement values	103,831	92,963	81,282	28
Due to customers	330,589	328,305	306,876	8
Accrued expenses and deferred income	15,481	12,294	15,331	1
Debt issued	123,275	146,141	129,411	(5)
Other liabilities	21,384	20,178	12,339	73


Total liabilities	1,288,557	1,324,846	1,138,598	13


Minority interests	3,879	3,953	3,529	10


Shareholders' equity
Share capital	946	1,006	1,005	(6)
Share premium account	7,114	12,545	12,638	(44)
Net gains / (losses) not recognized in the income statement, net of tax	(196)	(173)	(159)	(23)
Retained earnings	34,866	33,193	32,638	7
Treasury shares	(7,026)	(9,879)	(7,131)	1


Total shareholders' equity	35,704	36,692	38,991	(8)


Total liabilities, minority interests and shareholders’ equity	1,328,140	1,365,491	1,181,118	12


Total subordinated liabilities	8,531	8,702	10,102	(16)

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