- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
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.
13