EX-7 3 d308675dex7.htm STATEMENT REGARDING RATIO OF EARNINGS TO FIXED CHARGES Statement regarding ratio of earnings to fixed charges

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 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        31.12.11         31.12.10         31.12.09        31.12.08        31.12.07   
              

Pre-tax earnings from continuing operations

      1        5,068         7,094         (3,173 )      (28,256 )      (4,385 ) 

Add: Fixed charges

        11,831         13,471         17,939        60,672        104,795   
              

Pre-tax earnings before fixed charges

        16,899         20,565         14,766        32,416        100,410   
              
              

Fixed charges:

               

Interest

        11,143         12,657         17,016        59,687        103,775   

Other

      2        688         814         923        985        1,020   
              

Total fixed charges

        11,831         13,471         17,939        60,672        104,795   
              
              

Ratio of earnings to fixed charges

        1.43         1.53         0.82        0.53        0.96   
              

1  Pre-tax earnings from continuing operations includes the elimination of subsidiary, associate and non-controlling interest income and the addition of dividends received from associates.   2  Other fixed charges is the interest component of rental expense.