EX-7 222 exhibit700.htm EXHIBIT 7 exhibit7

 

Exhibit 7

Statement Regarding Ratio of Earnings to Fixed Charges

 

The following table sets forth UBS AG’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 fixed charges and preferred share dividends are not presented as there were no mandatory preferred share dividends in any of the periods indicated.

 

 

 

For the year ended

CHF million, except for ratio

 

31.12.17

 

31.12.16

 

31.12.15

 

31.12.14

 

31.12.13

Pre-tax earnings from continuing operations

 

4,977

 

4,009

 

5,349

 

2,424

 

3,287

Add: Fixed charges

 

7,865

 

7,998

 

7,052

 

7,293

 

8,030

Pre-tax earnings before fixed charges

 

12,842

 

12,007

 

12,401

 

9,717

 

11,317

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

     Interest expense

 

7,728

 

7,399

 

6,449

 

6,639

 

7,351

     Other¹

 

137

 

599

 

603

 

653

 

679

Total fixed charges

 

7,865

 

7,998

 

7,052

 

7,293

 

8,030

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges²

 

1.63

 

1.50

 

1.76

 

 1.33 

 

 1.41 

1 Other fixed charges relate to the estimated interest component of rental expense.    2 A ratio of earnings to combined fixed charges and preference security dividend requirements is not presented as it equals the ratio of earnings to fixed charges.