XML 98 R133.htm IDEA: XBRL DOCUMENT v2.4.0.8
Tax (Details 2) (CHF)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Tax effect of temporary differences (CHF)      
Compensation and benefits 2,113,000,000 2,295,000,000  
Loans 363,000,000 441,000,000  
Investment securities 1,651,000,000 1,805,000,000  
Provisions 1,874,000,000 1,760,000,000  
Derivatives 143,000,000 355,000,000  
Real estate 240,000,000 243,000,000  
Net operating loss carry-forwards 4,433,000,000 5,181,000,000  
Other 189,000,000 207,000,000  
Gross deferred tax assets before valuation allowance 11,006,000,000 12,287,000,000  
Less valuation allowance (2,705,000,000) (2,554,000,000) (2,690,000,000)
Gross deferred tax assets net of valuation allowance 8,301,000,000 9,733,000,000  
Compensation and benefits (422,000,000) (174,000,000)  
Loans (109,000,000) (162,000,000)  
Investment securities (1,099,000,000) (1,373,000,000)  
Provisions (397,000,000) (402,000,000)  
Business combinations 0 (20,000,000)  
Derivatives (193,000,000) (295,000,000)  
Leasing (53,000,000) (40,000,000)  
Real estate (76,000,000) (78,000,000)  
Other (161,000,000) (217,000,000)  
Gross deferred tax liabilities (2,510,000,000) (2,761,000,000)  
Net deferred tax assets 5,791,000,000 6,972,000,000  
Net deferred tax assets change (1,181,000,000)    
Valuation allowance against deferred tax assets of UK and Asia 278,000,000    
Deferral of tax charges 0    
Write-down of net deferred tax assets as a result of changes to corporation tax rates in the UK 184,000,000    
Income tax effects allocated directly to equity share-based compensation pension plan remeasurement 305,000,000    
Increase in net deferred tax assets as a result of re-measurement of deferred tax balances in Switzerland and the US 207,000,000    
Net deferred tax increase/(decrease) related to foreign exchange gains/(losses) (182,000,000)    
Net deferred tax assets increase/(decrease) related to temporary differences and taxable income (439,000,000)    
Net deferred tax assets related to the US and UK 5,132,000,000 6,007,000,000  
Valuation allowance of a US and UK entity, as of the end of the period 1,536,000,000 1,454,000,000  
Net operating loss carry-forwards (CHF)      
Due to expire within 1 year 46,000,000    
Due to expire within 2 to 5 years 10,197,000,000    
Due to expire within 6 to 10 years 1,158,000,000    
Due to expire within 11 to 20 years 1,375,000,000    
Amount due to expire 12,776,000,000    
Amount not due to expire 13,008,000,000    
Total net operating loss carry-forwards 25,784,000,000    
Movements in the valuation allowance (CHF)      
Balance at beginning of period 2,554,000,000 2,690,000,000 2,264,000,000
Net changes 151,000,000 (136,000,000) 426,000,000
Balance at end of period 2,705,000,000 2,554,000,000 2,690,000,000
Net operating loss carryforward period as per US tax law (in years) 20    
Net operating loss carryforward period as per Swiss tax law (in years) 7    
Tax benefits associated with share-based compensation (CHF)      
Tax benefits recorded in the consolidated statements of operations 483,000,000 597,000,000 466,000,000
Windfall tax benefits/(shortfall tax charge) recorded in additional paid-in capital (24,000,000) 41,000,000 (280,000,000)
Tax benefits in respect of tax on dividend equivalent payments 22,000,000 12,000,000 2,000,000
Windfall deductions and dividend equivalents not resulting in a reduction of income taxes payable 900,000,000 900,000,000  
Tax benefit that will be recorded when benefit of deductions for dividend equivalent payments is realized 170,000,000    
Movements in gross unrecognized tax benefits (CHF)      
Balance at beginning of period 420,000,000 373,000,000 578,000,000
Increases in unrecognized tax benefits as a result of tax positions taken during a prior period 4,000,000 33,000,000 54,000,000
Decreases in unrecognized tax benefits as a result of tax positions taken during a prior period (8,000,000) (58,000,000) (177,000,000)
Increases in unrecognized tax benefits as a result of tax positions taken during the current period 46,000,000 39,000,000 30,000,000
Decreases in unrecognized tax benefits relating to settlements with tax authorities 0 (4,000,000) (65,000,000)
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations (5,000,000) (43,000,000) (19,000,000)
Other (including foreign currency translation) (34,000,000) 80,000,000 (28,000,000)
Balance at end of period 423,000,000 420,000,000 373,000,000
of which, if recognized, would affect the effective tax rate 417,000,000 414,000,000 366,000,000
Interest and penalties (CHF)      
Interest and penalties recognized in the consolidated statements of operations   13,000,000 19,000,000
Interest and penalties recognized in the consolidated statements of operations, Recoveries (7,000,000)    
Interest and penalties recognized in the consolidated balance sheets 69,000,000 69,000,000 86,000,000
Bank
     
Tax effect of temporary differences (CHF)      
Compensation and benefits 2,106,000,000 2,279,000,000  
Loans 363,000,000 441,000,000  
Investment securities 1,654,000,000 1,818,000,000  
Provisions 1,874,000,000 1,760,000,000  
Derivatives 136,000,000 343,000,000  
Real estate 240,000,000 242,000,000  
Net operating loss carry-forwards 4,432,000,000 5,177,000,000  
Other 186,000,000 204,000,000  
Gross deferred tax assets before valuation allowance 10,991,000,000 12,264,000,000  
Less valuation allowance (2,704,000,000) (2,550,000,000) (2,689,000,000)
Gross deferred tax assets net of valuation allowance 8,287,000,000 9,714,000,000  
Compensation and benefits (120,000,000) (164,000,000)  
Loans (109,000,000) (162,000,000)  
Investment securities (1,089,000,000) (1,354,000,000)  
Provisions (396,000,000) (402,000,000)  
Business combinations 0 (20,000,000)  
Derivatives (193,000,000) (295,000,000)  
Leasing (53,000,000) (40,000,000)  
Real estate (75,000,000) (78,000,000)  
Other (153,000,000) (208,000,000)  
Gross deferred tax liabilities (2,188,000,000) (2,723,000,000)  
Net deferred tax assets 6,099,000,000 6,991,000,000  
Net deferred tax assets change (892,000,000)    
Valuation allowance against deferred tax assets of UK and Asia 278,000,000    
Deferral of tax charges 0    
Write-down of net deferred tax assets as a result of changes to corporation tax rates in the UK 184,000,000    
Income tax effects allocated directly to equity share-based compensation pension plan remeasurement 44,000,000    
Increase in net deferred tax assets as a result of re-measurement of deferred tax balances in Switzerland and the US 207,000,000    
Net deferred tax increase/(decrease) related to foreign exchange gains/(losses) (182,000,000)    
Net deferred tax assets increase/(decrease) related to temporary differences and taxable income (411,000,000)    
Net operating loss carry-forwards (CHF)      
Due to expire within 1 year 46,000,000    
Due to expire within 2 to 5 years 10,197,000,000    
Due to expire within 6 to 10 years 1,152,000,000    
Due to expire within 11 to 20 years 1,375,000,000    
Amount due to expire 12,770,000,000    
Amount not due to expire 13,008,000,000    
Total net operating loss carry-forwards 25,778,000,000    
Movements in the valuation allowance (CHF)      
Balance at beginning of period 2,550,000,000 2,689,000,000 2,262,000,000
Net changes 154,000,000 (139,000,000) 427,000,000
Balance at end of period 2,704,000,000 2,550,000,000 2,689,000,000
Net operating loss carryforward period as per US tax law (in years) 20    
Net operating loss carryforward period as per Swiss tax law (in years) 7    
Tax benefits associated with share-based compensation (CHF)      
Tax benefits recorded in the consolidated statements of operations 481,000,000 596,000,000 464,000,000
Windfall tax benefits/(shortfall tax charge) recorded in additional paid-in capital (24,000,000) 30,000,000 (277,000,000)
Tax benefits in respect of tax on dividend equivalent payments 22,000,000 12,000,000 1,000,000
Windfall deductions and dividend equivalents not resulting in a reduction of income taxes payable 900,000,000 900,000,000  
Tax benefit that will be recorded when benefit of deductions for dividend equivalent payments is realized 170,000,000    
Movements in gross unrecognized tax benefits (CHF)      
Balance at beginning of period 416,000,000 370,000,000 578,000,000
Increases in unrecognized tax benefits as a result of tax positions taken during a prior period 4,000,000 33,000,000 54,000,000
Decreases in unrecognized tax benefits as a result of tax positions taken during a prior period (8,000,000) (58,000,000) (177,000,000)
Increases in unrecognized tax benefits as a result of tax positions taken during the current period 43,000,000 38,000,000 29,000,000
Decreases in unrecognized tax benefits relating to settlements with tax authorities 0 (4,000,000) (65,000,000)
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations (5,000,000) (43,000,000) (19,000,000)
Other (including foreign currency translation) (34,000,000) 80,000,000 (30,000,000)
Balance at end of period 416,000,000 416,000,000 370,000,000
of which, if recognized, would affect the effective tax rate 410,000,000 410,000,000 364,000,000
Interest and penalties (CHF)      
Interest and penalties recognized in the consolidated statements of operations   13,000,000 19,000,000
Interest and penalties recognized in the consolidated statements of operations, Recoveries (6,000,000)    
Interest and penalties recognized in the consolidated balance sheets 64,000,000 64,000,000 82,000,000