EX-7 2 y54449exv7.htm EX-7: STATEMENT REGARDING RATIO OF EARNINGS TO FIXED CHARGES EX-7
 

Exhibit 7
STATEMENT REGARDING RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth UBS’s ratio of earnings to fixed charges on an 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. Prior period amounts have been restated. See Note 36 (Discontinued Operations) to the Financial Statements on pages 99 to 101 of the Financial Statements 2007 for further information.
                           
For the year ended
       31.12.07   31.12.06   31.12.05   31.12.04   31.12.03  
CHF million except for ratios
                          
 
Pre-tax earnings from continuing operations
     1 -4,385   13,654   11,473   9,052   6,721  
Add:  Fixed charges
       104,795   81,800   50,576   28,293   28,607  
Pre-tax earnings before fixed charges
       100,410   95,454   62,049   37,345   35,328  
 
Fixed charges:
                          
Interest
       103,775   80,880   49,758   27,484   27,784  
Other
     2 1,020   920   818   809   823  
Total fixed charges
        104,795   81,800   50,576   28,293   28,607  
 
Ratio of earnings to fixed charges
       0.96   1.17   1.23   1.32   1.23  
     
1   Pre-tax earnings from continuing operations includes the elimination of subsidiary associate and minority interest income and the addition of dividends received from associates.
2   Other fixed charges is the interest component of rental expense.