UBS AG

Azionisti & analisti

Retrospettiva

2005 Financial Report

Handbook 2005




	UBS financial highlights

	UBS at a glance

	Sources of information





	UBS reporting structure

	Measurement and analysis of performance

	UBS Results





	UBS 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





	Financial Statements

		Income Statement

		Balance Sheet

		Statement of Changes in Equity

		Statement of Cash Flows





	Note 1 Summary of Significant Accounting Policies

	Note 2 Segment Reporting by Business Group

	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

	Note 10 Securities Borrowing, Securities Lending, Repurchase and Reverse Repurchase Agreements

	Note 11 Trading Portfolio

	Note 12 Financial Investments (available-for-sale)

	Note 13 Investments in Associates

	Note 14 Property and Equipment

	Note 15 Goodwill and Other Intangible Assets

	Note 16 Other Assets

	Note 17 Due to Banks and Customers

	Note 18 Financial Liabilities Designated at Fair Value and Debt Issued

	Note 19 Other Liabilities

	Note 20 Provisions

	Note 21 Income Taxes

	Note 22 Derivative Instruments

	Note 23 Fiduciary Transactions

	Note 24 Commitments and Contingent Liabilities

	Note 25 Operating Lease Commitments

	Note 26 Pledged Assets and Pledgeable Off-Balance Sheet Securities

	Note 27 Litigation

	Note 28 Financial Instruments Risk Position

	Note 29 Fair Value of Financial Instruments

	Note 30 Pension and Other Post-Retirement Benefit Plans

	Note 31 Equity Participation and Other Compensation Plans

	Note 32 Related Parties

	Note 33 Securitizations

	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 > Analysts & Investors > Relazioni 2005 > Financial Report > Financial Statements > Balance Sheet

Financial Statements

Balance Sheet

				% change from
CHF million	Note	31.12.05	31.12.04	31.12.04

Assets
Cash and balances with central banks		5,359	6,036	(11)
Due from banks	9	33,644	35,419	(5)
Cash collateral on securities borrowed	10	300,331	220,242	36
Reverse repurchase agreements	10	404,432	357,164	13
Trading portfolio assets	11	499,297	389,487	28
Trading portfolio assets pledged as collateral	11	154,759	159,115	(3)
Positive replacement values	22	333,782	284,577	17
Financial assets designated at fair value		1,153	653	77
Loans	9	269,969	232,167	16
Financial investments	12	6,551	4,188	56
Accrued income and prepaid expenses		8,918	6,309	41
Investments in associates	13	2,956	2,675	11
Property and equipment	14	9,423	9,510	(1)
Goodwill and other intangible assets	15	13,486	12,201	11
Other assets	16, 21	16,190	17,375	(7)
Total assets		2,060,250	1,737,118	19

Liabilities
Due to banks	17	124,328	120,026	4
Cash collateral on securities lent	10	77,267	61,545	26
Repurchase agreements	10	478,508	422,587	13
Trading portfolio liabilities	11	188,631	171,033	10
Negative replacement values	22	337,663	303,712	11
Financial liabilities designated at fair value	18	117,401	65,756	79
Due to customers	17	451,533	376,076	20
Accrued expenses and deferred income		18,392	15,040	22
Debt issued	18	160,710	117,856	36
Other liabilities	19, 20, 21	53,874	44,120	22
Total liabilities		2,008,307	1,697,751	18

Equity
Share capital		871	901	(3)
Share premium		9,992	9,231	8
Net gains / (losses) not recognized in the income statement, net of tax		(182)	(2,081)	91
Revaluation reserve from step acquisitions, net of tax		101	90	12
Retained earnings		44,414	37,001	20
Equity classified as obligation to purchase own shares		(133)	(96)	(39)
Treasury shares		(10,739)	(11,105)	3
Equity attributable to UBS shareholders		44,324	33,941	31
Equity attributable to minority interests		7,619	5,426	40
Total equity		51,943	39,367	32
Total liabilities and equity		2,060,250	1,737,118	19

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