Note 8 Earnings per Share (EPS) and Shares Outstanding

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Earnings per Share (EPS)

For the year ended

% change from

31.12.06

31.12.05

31.12.04

31.12.05

Basic earnings (CHF million)

Net profit attributable to UBS shareholders

12,257

14,029

8,016

(13)

from continuing operations

11,491

9,776

7,547

18

from discontinued operations

766

4,253

469

(82)

Diluted earnings (CHF million)

Net profit attributable to UBS shareholders

12,257

14,029

8,016

(13)

Less: (Profit) / loss on equity derivative contracts

(8)

(22)

(5)

64

Net profit attributable to UBS shareholders for diluted EPS

12,249

14,007

8,011

(13)

from continuing operations

11,483

9,777

7,550

17

from discontinued operations

766

4,230

461

(82)

Weighted average shares outstanding

Weighted average shares outstanding 1

1,976,405,800

2,013,987,754

2,059,836,926

(2)

Potentially dilutive ordinary shares resulting from unvested exchangeable shares, options and warrants outstanding 2

82,429,012

83,203,786

104,085,794

(1)

Weighted average shares outstanding for diluted EPS

2,058,834,812

2,097,191,540

2,163,922,720

(2)

Earnings per share (CHF)

Basic

6.20

6.97

3.89

(11)

from continuing operations

5.81

4.85

3.66

20

from discontinued operations

0.39

2.12

0.23

(82)

Diluted

5.95

6.68

3.70

(11)

from continuing operations

5.58

4.66

3.49

20

from discontinued operations

0.37

2.02

0.21

(82)

1  Includes an average of 143,809 exchangeable shares for the year ended 31 December 2006 that can be exchanged into the same number of UBS shares. 2  Total equivalent shares outstanding on options that were not dilutive for the respective periods but could potentially dilute earnings per share in the future were 37,229,136; 29,117,750; and 37,956,398 for the years ended 31 Decem- ber 2006, 31 December 2005 and 31 December 2004 respectively.

Shares outstanding

As of

% change from

31.12.06

31.12.05

31.12.04

31.12.05

Total ordinary shares issued

2,105,273,286

2,177,265,044

2,253,716,354

(3)

Second trading line treasury shares

2004 program

79,870,188

2005 program

67,770,000

2006 program

22,600,000

Other treasury shares

141,875,699

140,749,748

169,456,432

1

Total treasury shares

164,475,699

208,519,748

249,326,620

(21)

Shares outstanding

1,940,797,587

1,968,745,296

2,004,389,734

(1)

All shares and earnings per share figures reflect the 2-for-1 share split made on 10 July 2006.

 

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