31.12.05 | 31.12.04 | Change in % | ||||
CHF million | Book value | Effective liability | Book value | Effective liability | Book value | Effective liability |
Money market paper | 26,513 | 6,120 | 15,387 | 4,633 | 72 | 32 |
Mortgage loans | 64 | 38 | 175 | 60 | (63) | (37) |
Securities | 102,330 | 48,580 | 79,534 | 41,310 | 29 | 18 |
Total | 128,907 | 54,738 | 95,096 | 46,003 | 36 | 19 |
Assets are pledged as collateral for securities borrowing and repurchase transactions, for collateralized credit lines with central banks, loans from mortgage institutions and security deposits relating to stock exchange membership.
% change from | |||
CHF million | 31.12.05 | 31.12.04 | 31.12.04 |
Contingent liabilities | 184,665 | 123,429 | 50 |
Irrevocable commitments | 68,071 | 50,552 | 35 |
Liabilities for calls on shares and other equities | 130 | 104 | 25 |
Confirmed credits | 2,004 | 1,820 | 10 |
31.12.05 | 31.12.04 | |||||
CHF million | PRV 1 | NRV 2 | Notional amount | PRV | NRV | Notional amount |
Interest rate contracts | 222,508 | 221,437 | 20,656 | 174,994 | 183,210 | 15,398 |
Credit derivative contracts | 15,811 | 16,427 | 1,557 | 7,895 | 9,353 | 671 |
Foreign exchange contracts | 57,705 | 58,600 | 4,757 | 81,377 | 79,046 | 3,729 |
Precious metal contracts | 3,616 | 3,444 | 82 | 1,919 | 1,590 | 61 |
Equity / index contracts | 25,663 | 49,924 | 706 | 20,487 | 44,107 | 721 |
Commodity contracts | 10,677 | 9,647 | 194 | 1,739 | 1,616 | 41 |
Total derivative instruments | 335,980 | 359,479 | 27,952 | 288,411 | 318,922 | 20,621 |
Replacement values netting | 199,477 | 199,477 | 160,111 | 160,111 | ||
Replacement values after netting | 136,503 | 160,002 | 128,300 | 158,811 | ||
% change from | |||
CHF million | 31.12.05 | 31.12.04 | 31.12.04 |
Deposits: | |||
with other banks | 37,171 | 30,581 | 22 |
with Group banks | 1,382 | 740 | 87 |
Loans and other financial transactions | 0 | 6 | (100)t\ |
Total | 38,553 | 31,327 | 23 |
% change from | |||
CHF million | 31.12.05 | 31.12.04 | 31.12.04 |
Due to UBS pension plans and UBS debt instruments held by pension plans | 719 | 1,329 | (46)t\ |
Securities borrowed from pension plans | 2,222 | 3,778 | (41)t\ |
Loans to directors, senior executives and auditors 1 | 21 | 16 | 31 |
The employees of UBS AG are covered through the pension plans of UBS Group. The major Group pension plans are disclosed in Note 30 of the Groups Financial Statements.
a) Defined benefit plans
Swiss pension plan
In 2005, UBS AG contributed CHF 372 million (2004: CHF 336 million) to the Swiss pension plan of UBS Group.
Foreign pension plans
UBS Group operates various other pension plans in foreign locations which cover the employees of UBS AG and other employees of UBS Group at these locations. In 2005, UBS AG contributed CHF 82 million (2004: CHF 59 million) to these plans.
b) Defined contribution plans
UBS Group also sponsors a number of defined contribution plans, primarily in the UK and the US. In 2005, UBS AG contributed CHF 60 million (2004: CHF 73 million) to these plans.
Parent Bank personnel was 38,189 on 31 December 2005 and 35,542 on 31 December 2004.
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