For the year ended | % change from | ||
CHF million | 31.12.05 | 31.12.04 | 31.12.04 |
Interest and discount income | 27,320 | 18,902 | 45 |
Interest and dividend income from trading portfolio | 12,482 | 10,457 | 19 |
Interest and dividend income from financial investments | 36 | 13 | 177 |
Interest expense | (33,972) (21,659) | 57 | |
Net interest income | 5,866 | 7,713 | (24) |
Credit-related fees and commissions | 244 | 228 | 7 |
Fee and commission income from securities and investment business | 9,751 | 8,002 | 22 |
Other fee and commission income | 773 | 735 | 5 |
Fee and commission expense | (1,349) (1,135) | 19 | |
Net fee and commission income | 9,419 | 7,830 | 20 |
Net trading income | 7,289 | 3,469 | 110 |
Net income from disposal of financial investments | 95 | 87 | 9 |
Income from investments in associated companies | 3,943 | 461 | 755 |
Income from real estate holdings | 38 | 46 | (17) |
Sundry income from ordinary activities | 46 | 1,418 | (97) |
Sundry ordinary expenses | (234) (26) | 800 | |
Other income from ordinary activities | 3,888 | 1,986 | 96 |
Operating income | 26,462 | 20,998 | 26 |
Personnel expenses | 10,999 | 9,699 | 13 |
General and administrative expenses | 4,113 | 3,833 | 7 |
Operating expenses | 15,112 | 13,532 | 12 |
Operating profit | 11,350 | 7,466 | 52 |
Depreciation and write-offs on investments in associated companies and fixed assets | 1,265 | 1,021 | 24 |
Allowances, provisions and losses | 27 | 184 | (85) |
Profit before extraordinary items and taxes | 10,058 | 6,261 | 61 |
Extraordinary income | 5,274 | 1,016 | 419 |
Extraordinary expenses | 0 | 49 | (100) |
Tax expense / (benefit) | 1,835 | 1,282 | 43 |
Profit for the period | 13,497 | 5,946 | 127 |
% change from | |||
CHF million | 31.12.05 | 31.12.04 | 31.12.04 |
Assets | |||
Liquid assets | 2,712 | 4,152 | (35) |
Money market paper | 47,840 | 31,262 | 53 |
Due from banks | 431,071 | 350,055 | 23 |
Due from customers | 185,331 | 159,988 | 16 |
Mortgage loans | 153,387 | 132,941 | 15 |
Trading balances in securities and precious metals | 358,600 | 288,170 | 24 |
Financial investments | 4,216 | 4,503 | (6) |
Investments in associated companies | 22,016 | 20,547 | 7 |
Fixed assets | 4,527 | 4,212 | 7 |
Accrued income and prepaid expenses | 5,359 | 3,129 | 71 |
Positive replacement values | 136,503 | 128,300 | 6 |
Other assets | 7,980 | 8,550 | (7) |
Total assets | 1,359,542 | 1,135,809 | 20 |
Total subordinated assets | 6,094 | 4,970 | 23 |
Total amounts receivable from Group companies | 557,355 | 446,850 | 25 |
Liabilities | |||
Money market paper issued | 52,335 | 29,637 | 77 |
Due to banks | 482,134 | 428,371 | 13 |
Due to customers on savings and deposit accounts | 86,997 | 83,976 | 4 |
Other amounts due to customers | 406,724 | 316,467 | 29 |
Medium-term bonds | 1,464 | 1,686 | (13) |
Bond issues and loans from central mortgage institutions | 102,386 | 60,125 | 70 |
Accruals and deferred income | 11,451 | 7,588 | 51 |
Negative replacement values | 160,002 | 158,811 | 1 |
Other liabilities | 5,648 | 5,951 | (5) |
Allowances and provisions | 4,249 | 3,929 | 8 |
Share capital | 871 | 901 | (3) |
General statutory reserve | 7,927 | 7,572 | 5 |
Reserve for own shares | 10,562 | 9,056 | 17 |
Other reserves | 13,295 | 15,793 | (16) |
Profit for the period | 13,497 | 5,946 | 127 |
Total liabilities | 1,359,542 | 1,135,809 | 20 |
Total subordinated liabilities | 16,022 | 12,695 | 26 |
Total amounts payable to Group companies | 404,108 | 357,311 | 13 |
CHF million | |
The Board of Directors proposes to the Annual General Meeting the following appropriation: | |
Profit for the financial year 2005 as per the Parent Bank’s Income Statement | 13,497 |
Appropriation to general statutory reserve | 334 |
Appropriation to other reserves | 9,788 |
Proposed dividends | 3,375 |
Total appropriation | 13,497 |
The Board of Directors will recommend to the Annual General Meeting on 19 April 2006 that UBS should pay a dividend of CHF 3.20 per share of CHF 0.80 par value. If the dividend is approved, the payment of CHF 3.20 per share, after deduction of 35% Swiss withholding tax, would be made on 24 April 2006 for shareholders who hold UBS shares on 19 April 2006.
In addition to the already increased dividend of CHF 3.20, the Board of Directors proposes that a repayment of CHF 0.60 per share be made to shareholders by means of a reduction in the par value from CHF 0.80 to CHF 0.20 for all registered shares. This payout will not be subject to the 35% Swiss withholding tax. Subject to the approval by the shareholders and the entry of the capital reduction in the Commercial Register, the payout will be made on 12 July 2006, to those shareholders in possession of UBS shares on 7 July 2006.
Create your own report by searching and selecting articles of our Annual Reporting products.
Important legal information - please read the disclaimer before proceeding.
Products and services in these webpages may not be available for residents of certain nations. Please consult the sales restrictions relating to the service in question for further information.
© UBS 1998-2008. All rights reserved.
Privacy Policy