1、Combinations produce synergiesandopennewperspectives.FinancialReport1998.abUBS Group Financial Highlights22,32824,88018,25818,6364,0706,2443,030(667)14.3123.0514.2323.0210.00n/a944,1161,086,41432,39530,92790,720n/a10.314.51.01.378.471.29.88.314.012.6288,296345,9041,5721,51248,01155,17632,70636,63815
2、,30518,538Aa1AAAAA+AACHF million(except where indicated)19981997Income statement key figuresOperating incomeOperating expenses before restructuringOperating profit before restructuring and taxesNet profit/(loss)Per share data(CHF)Basic earnings per share 1Diluted earnings per share 1Dividends propos
3、edAt year endTotal assetsShareholders equityMarket capitalizationRatios(%)Return on shareholders equity 2Return on risk-weighted assets 3Cost/income ratio 4BIS Capital ratios 5Tier 1 capital(%)Total capital(Tier 1 and Tier 2)(%)Risk-weighted assetsAssets under management(CHF billion)Total assets und
4、er management HeadcountTotal headcountof which:Switzerlandof which:Rest of worldLong-term ratingsMoodys,New YorkFitch/IBCA,LondonStandard&Poors,New YorkBankWatch,New York1For EPS calculation,see Note 10 to the Financial Statements.For this disclosure 1997 is adjusted for impact of restructuring incl
5、uding taxesthereon.2Net profit/(loss)/average shareholders equity excluding dividends from parent bank.1997 loss and shareholders equityadjusted for impact of restructuring including taxes thereon.3Net profit/(loss)/average BIS risk-weighted assets.1997 loss adjusted forimpact of restructuring inclu
6、ding taxes thereon.4Operating expenses before restructuring/operating income before credit loss expensesof CHF 951 m in 1998 and CHF 1,278 m in 1997.5For BIS ratio calculations,see Note 34e to the Financial Statements.1ContentsLetter to Shareholders2Review of Businesses7UBS Segment Reporting8Private