B – Selected Financial Data

The tables below set forth, for the periods and dates indicated, information concerning the noon buying rate for the Swiss franc, expressed in United States dollars, or USD, per one Swiss franc. The noon buying rate is the rate in New York City for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of New York.

On 28 February 2007 the noon buying rate was 0.8204 USD per 1 CHF.

Special Content

Year ended 31 December

High

Low

Average rate1
(USD per 1 CHF)

At period end

2002

0.7229

0.5817

0.6453

0.7229

2003

0.8189

0.7048

0.7493

0.8069

2004

0.8843

0.7601

0.8059

0.8712

2005

0.8721

0.7544

0.8039

0.7606

2006

0.8396

0.7575

0.8034

0.8200

Month

High

Low

September 2006

0.8125

0.7949

October 2006

0.8049

0.7842

November 2006

0.8357

0.7958

December 2006

0.8396

0.8161

January 2007

0.8247

0.7978

February 2007

0.8204

0.7980

1  The average of the noon buying rates on the last business day of each full month during the relevant period.

Special Content

For the year ended

CHF million, except where indicated

31.12.06

31.12.05

31.12.04

31.12.03

31.12.02

Income statement data

Interest income

87,401

59,286

39,228

40,045

39,896

Interest expense

(80,880)

(49,758)

(27,484)

(27,784)

(29,417)

Net interest income

6,521

9,528

11,744

12,261

10,479

Credit loss (expense) / recovery

156

375

241

(102)

(112)

Net interest income after credit loss (expense) / recovery

6,677

9,903

11,985

12,159

10,367

Net fee and commission income

25,881

21,436

18,506

16,673

17,481

Net trading income

13,318

7,996

4,902

3,670

5,381

Other income

1,596

1,122

853

280

13

Income from Industrial Holdings

693

675

640

535

335

Total operating income

48,165

41,132

36,886

33,317

33,577

Total operating expenses

33,498

28,455

26,844

26,000

30,135

Operating profit from continuing operations before tax

14,667

12,677

10,042

7,317

3,442

Tax expense

2,786

2,471

2,155

1,403

566

Net profit from continuing operations

11,881

10,206

7,887

5,914

2,876

Net profit from discontinued operations

869

4,484

583

339

489

Net profit

12,750

14,690

8,470

6,253

3,365

Net profit attributable to minority interests

493

661

454

349

348

Net profit attributable to UBS shareholders

12,257

14,029

8,016

5,904

3,017

Cost / income ratio (%) 1

69.7

70.1

73.2

76.8

84.7

Per share data (CHF)

Basic earnings per share 2

6.20

6.97

3.89

2.72

1.30

Diluted earnings per share 2

5.95

6.68

3.70

2.59

1.27

Operating profit before tax per share

7.42

6.29

4.88

3.37

1.48

Cash dividends declared per share (CHF) 3

2.20

1.60

1.50

1.30

1.00

Cash dividend equivalent in USD 3

1.26

1.27

1.00

0.73

Dividend payout ratio (%) 3

35.5

23.0

38.6

47.8

76.9

Rates of return (%)

Return on equity attributable to UBS shareholders 4

28.2

39.7

25.8

18.0

8.3

Return on average equity

26.3

37.2

23.8

16.9

7.7

Return on average assets

0.51

0.67

0.44

0.38

0.20

1  Operating expenses / operating income before credit loss expense for Financial Businesses. 2  For EPS calculation, see Note 8 to the Financial Statements. 3  In July 2006, a par value reduction of CHF 0.60 per share was distributed, after which the UBS share was split 2-for-1. Dividends are normally declared and paid in the year subsequent to the reporting period. On a post-split basis, a dividend of CHF 1.60 per share was paid on 24 April 2006, CHF 1.50 on 26 April 2005, CHF 1.30 on 20 April 2004 and CHF 1.00 on 23 April 2003. A dividend of CHF 2.20 per share will be paid on 23 April 2007, subject to approval by shareholders at the Annual General Meeting. The USD amount per share will be determined on 19 April 2007. 4  Net profit attributable to UBS shareholders / average equity attributable to UBS shareholders less distributions.

Special Content

CHF million, except where indicated

31.12.06

31.12.05

31.12.04

31.12.03

31.12.02

Balance sheet data

Total assets

2,396,511

2,058,348

1,737,171

1,554,032

1,350,905

Equity attributable to UBS shareholders

49,686

44,015

33,632

33,350

35,701

Average equity to average assets (%)

1.93

1.79

1.84

2.23

2.65

Market capitalization

154,222

131,949

103,638

95,401

79,448

Shares

Registered ordinary shares

2,105,273,286

2,177,265,044

2,253,716,354

2,366,093,528

2,512,595,356

Treasury shares

164,475,699

208,519,748

249,326,620

273,482,454

282,461,382

BIS capital ratios

Tier 1 (%)

11.9

12.8

11.8

11.8

11.2

Total BIS (%)

14.7

14.1

13.6

13.4

13.7

Risk-weighted assets

341,892

310,409

264,832

252,398

238,790

Invested assets (CHF billion)

2,989

2,652

2,217

2,098

1,959

Personnel Financial Businesses (full-time equivalents)

Switzerland

27,018

26,028

25,990

26,662

27,972

Europe (excluding Switzerland)

12,687

11,007

10,764

9,906

10,009

Americas

30,819

27,136

26,232

25,511

27,350

Asia Pacific

7,616

5,398

4,438

3,850

3,730

Total

78,140

69,569

67,424

65,929

69,061

Long-term ratings1

Fitch, London

AA+

AA+

AA+

AA+

AAA

Moody's, New York

Aa2

Aa2

Aa2

Aa2

Aa2

Standard & Poor's, New York

AA+

AA+

AA+

AA+

AA+

1  See the Handbook 2006/2007 for information about the nature of these ratings.

Special Content

Balance Sheet Data

CHF million

31.12.06

31.12.05

31.12.04

31.12.03

31.12.02

Assets

Total assets

2,396,511

2,058,348

1,737,171

1,554,032

1,350,905

Due from banks

50,426

33,644

35,419

31,959

32,777

Cash collateral on securities borrowed

351,590

288,435

210,606

206,519

139,049

Reverse repurchase agreements

405,834

404,432

357,164

320,499

294,067

Trading portfolio assets

627,036

499,297

389,487

354,558

261,080

Trading portfolio assets pledged as collateral

251,478

154,759

159,115

120,759

110,365

Positive replacement values

328,445

333,782

284,577

248,206

247,421

Loans

312,521

279,910

241,803

220,083

211,707

Liabilities

Due to banks

203,689

124,328

120,026

129,084

83,561

Cash collateral on securities lent

63,088

59,938

51,301

48,272

36,870

Repurchase agreements

545,480

478,508

422,587

415,863

366,858

Trading portfolio liabilities

204,773

188,631

171,033

143,957

106,453

Negative replacement values

332,533

337,663

303,712

254,768

247,206

Financial liabilities designated at fair value

145,687

117,401

65,756

35,286

14,516

Due to customers

570,565

466,907

386,320

351,583

306,876

Debt issued

190,143

160,710

117,856

88,874

115,798

Equity attributable to UBS shareholders

49,686

44,015

33,632

33,350

35,701

Special Content

US GAAP Income Statement Data

For the year ended

CHF million

31.12.06

31.12.05

31.12.04

31.12.03

31.12.02

Operating income

Interest income

87,380

58,791

38,991

39,802

39,612

Interest (expense)

(80,463)

(49,488)

(27,245)

(27,628)

(29,334)

Net interest income

6,917

9,303

11,746

12,174

10,278

Credit loss (expense) / recovery

156

375

334

(74)

(112)

Net interest income after credit loss (expense) / recovery

7,073

9,678

12,080

12,100

10,166

Net fee and commission income

25,881

21,436

18,435

16,606

17,481

Net trading income

12,548

7,012

4,795

3,944

5,870

Other income

1,742

747

1,158

382

(65)

Total operating income

47,244

38,873

36,468

33,032

33,452

Operating expenses

Personnel expenses

23,771

19,542

17,970

17,234

18,224

General and administrative expenses

7,944

6,469

6,420

5,917

6,953

Depreciation of property and equipment

1,277

1,272

1,295

1,368

1,573

Amortization of other intangible assets

143

119

103

110

1,443

Total operating expenses

33,135

27,402

25,788

24,629

28,193

Operating profit from continuing operations before tax

14,109

11,471

10,680

8,403

5,259

Tax expense

2,932

2,995

1,966

1,790

456

Minority interests

(95)

(138)

(322)

(350)

(331)

Net profit from continuing operations

11,082

8,338

8,392

6,263

4,472

Net profit from discontinued operations

404

3,976

420

250

435

Change in accounting principle: cumulative effect of adoption of "AICPA Audit and Accounting Guide, Audits of Investment Companies" on certain financial investments, net of tax

639

Cumulative adjustment of accounting for certain equity-based compensation plans as cash settled, net of tax

6

Cumulative adjustment due to the adoption of SFAS 123 (revised 2004), "Share-Based Payment" on 1 January 2005, net of tax

38

Net profit / (loss)

11,486

12,352

8,818

6,513

5,546

Special Content

US GAAP Balance Sheet Data

CHF million

31.12.06

31.12.05

31.12.04

31.12.03

31.12.02

Assets

Total assets

2,634,628

2,279,257

1,903,239

1,699,060

1,296,991

Due from banks

51,416

33,427

35,286

31,758

32,481

Cash collateral on securities borrowed

351,461

288,304

208,778

203,645

139,073

Reverse repurchase agreements

361,571

359,883

357,164

320,499

294,086

Trading portfolio assets

627,160

505,717

378,281

349,023

268,263

Trading portfolio assets pledged as collateral

401,176

272,494

230,223

195,469

173,582

Positive replacement values 1

332,128

337,105

284,468

248,924

83,757

Loans

316,141

277,471

238,604

220,142

211,755

Goodwill

28,530

28,104

26,977

26,775

28,127

Other intangible assets

2,340

1,665

1,722

1,174

1,222

Other assets

84,027

75,992

101,121

64,434

21,367

Liabilities

Due to banks

206,985

127,252

119,021

127,385

83,178

Cash collateral on securities lent

60,878

59,897

47,548

46,151

36,870

Repurchase agreements

520,351

464,957

423,513

415,863

366,858

Trading portfolio liabilities

236,929

201,212

190,907

149,380

117,721

Obligation to return securities received as collateral

49,088

67,430

12,950

13,071

16,308

Negative replacement values 1

439,495

432,290

360,345

326,136

132,354

Due to customers

597,139

481,784

397,157

352,364

306,872

Accrued expenses and deferred income

22,131

19,106

15,229

14,072

15,729

Debt issued

306,994

240,212

164,744

123,259

129,527

Shareholders' equity

64,523

61,616

52,359

52,865

55,267

1  Positive and negative replacement values represent the fair values of derivative instruments. From 2003 onwards they are presented on a gross basis under US GAAP.

Certain prior year US GAAP amounts have been reclassified to conform to the current year's presentation.

Ratio of Earnings to Fixed Charges

The following table sets forth UBS's ratio of earnings to fixed charges on a IFRS basis for the periods indicated. The ratios are calculated based on earnings from continuing operations. Ratios of earnings to combined fixed charges and preferred stock dividend requirements are not presented as there were no preferred share dividends in any of the periods indicated. The ratios are calculated on a US GAAP basis and are not materially different from the IFRS ratios for the periods presented.

For the year ended

31.12.06

31.12.05

31.12.04

31.12.03

31.12.02

IFRS

1.17

1.24

1.34

1.24

1.10

 

Related Topics

Create your own report

Create your own report

Create your own report by searching and selecting articles of our Annual Reporting products.

Ordre documents

Downloads

Additional areas of this site

Important products and applications

Standard functions and tools

Choose your language:

Toolbar

Important legal notice

Information juridique importante: veuillez lire la présente mise en garde avant de poursuivre.
Il est possible que les produits et services présentés dans ces pages électroniques ne soient pas disponibles pour les résidents de certains pays. Pour de plus amples informations, veuillez consulter les restrictions de vente relatives aux produits et services en question.
© UBS 1998-2009. Tous droits réservés.
Privacy Policy

End of page