EX-7 2 y90133exv7.htm EX-7 exv7
Exhibit 7
Statement Regarding Ratio of Earnings to Fixed Charges
The following table sets forth UBS’s ratio of earnings to fixed charges on the basis of IFRS as issued by the IASB, for the periods indicated. The ratios are calculated based on earnings from continuing operations. Ratios of earnings to fixed charges and preferred stock dividend requirements are not presented as there were no preferred share dividends in any of the periods indicated.
                                                 
     
CHF million, except for ratios
             31.12.10       31.12.09       31.12.08       31.12.07       31.12.06  
 
Pre-tax earnings from
continuing operations
     1       7,094       (3,173 )     (28,256 )     (4,385 )     13,654  
 
                                                
Add: Fixed charges
             13,471       17,939       60,672       104,795       81,800  
 
Pre-tax earnings before
fixed charges
             20,565       14,766       32,416       100,410       95,454  
 
Fixed charges:
                                                
Interest
             12,657       17,016       59,687       103,775       80,880  
Other
     2       814       923       985       1,020       920  
 
Total fixed charges
             13,471       17,939       60,672       104,795       81,800  
 
Ratio of earnings to fixed
charges
             1.53       0.82       0.53       0.96       1.17  
 
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 are the interest component of rental expense.