EX-7 4 d497201dex7.htm EX-7 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 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        31.12.12        31.12.11         31.12.10         31.12.09        31.12.08   
              

Pre-tax earnings from continuing operations

      1        (2,103 )      5,025         6,983         (3,138 )      (27,991 ) 

Add: Fixed charges

        10,672        11,831         13,471         17,939        60,672   
              

Pre-tax earnings before fixed charges

        8,569        16,856         20,454         14,801        32,681   
              
              

Fixed charges:

               

Interest

        9,974        11,143         12,657         17,016        59,687   

Other

      2        698        688         814         923        985   
              

Total fixed charges

        10,672        11,831         13,471         17,939        60,672   
              
              

Ratio of earnings to fixed charges

        0.80        1.42         1.52         0.83        0.54   
              

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.

 

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