Additional Balance Sheet Information

Allowances and Provisions
CHF million	Balance at 31.12.05	Provisions applied in accordance with their specified purpose	Recoveries, doubtful interest, currency translation differences	Provisions released to income	New provisions charged to income	Balance at 31.12.06
Default risks (credit and country risk)	1,836	(439)	67	(513)	347	1,298
Trading portfolio risks	3,880		(225)	(811)		2,844
Litigation risks	328	(135)	(124)	(32)	256	293
Operational risks	1,662	(47)	97	(348)	537	1,901
Deferred taxes	19		(17)		32	34
Total allowances and provisions	7,725	(621)	(202)	(1,704)	1,172	6,370
Allowances deducted from assets	5,568					4,065
Total provisions as per balance sheet	2,157					2,305

Statement of Shareholders' Equity
CHF million	Share capital	General statutory reserves: Share premium	General statutory reserves: Retained earnings	Reserves for own shares	Other reserves	Total shareholders' equity (before distribution of profit)
As of 31.12.04 and 1.1.05	901	6,213	1,359	9,056	21,739	39,268
Cancellation of own shares	(32)				(3,511)	(3,543)
Capital increase	2	33				35
Increase in reserves			322		(322)
Prior year dividend					(3,105)	(3,105)
Profit for the period					13,497	13,497
Changes in reserves for own shares				1,506	(1,506)
As of 31.12.05 and 1.1.06	871	6,246	1,681	10,562	26,792	46,152
Par value reduction	(631)				35	(596)
Cancellation of own shares	(30)				(3,997)	(4,027)
Capital increase	1	34				35
Increase in reserves			334		(334)
Prior year dividend					(3,214)	(3,214)
Profit for the period					6,558	6,558
Changes in reserves for own shares				(1,448)	1,448
As of 31.12.06	211	6,280	2,015	9,114	27,288	44,908

Share Capital
	Par value		Ranking for dividends
	No. of shares	Capital in CHF	No. of shares	Capital in CHF
As of 31.12.06
Issued and paid up	2,105,273,286	210,527,329	2,082,673,286	208,267,329
Conditional share capital	151,437,410	15,143,741
As of 31.12.05
Issued and paid up	2,177,265,044	870,906,018	2,109,495,044	843,798,018
Conditional share capital	3,647,002	1,458,801

On 31 December 2006, a maximum of 1,437,410 shares can be issued against the future exercise of options from former PaineWebber employee option plans. These shares are shown as conditional share capital in the table above. In addition, during 2006, shareholders approved the creation of conditional capital of up to a maximum of 150 million shares to fund UBS‘s employee share option programs. As of 31 December 2006, no shares have been issued under this program.