Income Statement
The Parent Bank UBS AG Net profit decreased by CHF 6,939 million from CHF 13,497 million to CHF 6,558 million. Income from
investments in associated companies decreased to CHF 1,910 million from CHF 3,943 million in 2005 mainly due to lower dividend
distributions received. The decrease in Extraordinary income and increase in Extraordinary expenses are explained on page
222.
Balance Sheet
Total assets increased by CHF 226 billion to CHF 1,586 billion at 31 December 2006. This movement is mainly caused by increased
positions in Money market paper of CHF 26 billion, Due from banks of CHF 8 billion and Due from customers of CHF 131 billion
(of which CHF 88 billion relates to Dillon Read Capital Management and the remaining amount mainly relates to current and
margin accounts). A considerable increase resulted as well in Trading balances in securities and precious metals of CHF 53
billion (thereof debt instruments CHF 12 billion, equities CHF 33 billion and precious metals CHF 8 billion). The investments
in associated companies expanded by CHF 5 billion which is mainly due to new investments or additional financing of subsidiaries
abroad of Banco Pactual S.A., UBS VIII Wilmington (as "funding unit"), Dillon Read Capital Management and Global Futures and
Options Business of ABN AMRO but also includes the reduction of investments in associated companies due to the sale of Motor-Columbus.
