Ratio of earnings to fixed charges - Group | |||||||||||||
in | 6M13 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||
Ratio of earnings to fixed charges (CHF million) | |||||||||||||
Income/(loss) from continuing operations before taxes, noncontrolling interests, extraordinary items and cumulative effect of accounting changes | 3,530 | 2,181 | 3,461 | 7,487 | 8,077 | (14,902) | |||||||
Income/(loss) from equity method investments | (66) | (160) | (138) | (164) | (56) | 82 | |||||||
Pre-tax earnings/(loss) from continuing operations | 3,464 | 2,021 | 3,323 | 7,323 | 8,021 | (14,820) | |||||||
Fixed charges: | |||||||||||||
Interest expense | 6,595 | 14,955 | 16,569 | 18,992 | 18,397 | 39,403 | |||||||
Interest portion of rentals 1 | 313 | 652 | 606 | 601 | 590 | 574 | |||||||
Preferred dividend requirements | 114 | 231 | 216 | 162 | 131 | 60 | |||||||
Total fixed charges | 7,022 | 15,838 | 17,391 | 19,755 | 19,118 | 40,037 | |||||||
Pre-tax earnings before fixed charges | 10,486 | 17,859 | 20,714 | 27,078 | 27,139 | 25,217 | |||||||
Noncontrolling interests | 197 | 336 | 837 | 822 | (313) | (2,619) | |||||||
Earnings before fixed charges and provision for income taxes | 10,289 | 17,523 | 19,877 | 26,256 | 27,452 | 27,836 | |||||||
Ratio of earnings to fixed charges | 1.47 | 1.11 | 1.14 | 1.33 | 1.44 | 0.70 | 2 | ||||||
1 Amounts reflect a portion of premises and real estate expenses deemed representative of the interest factor. | |||||||||||||
2 The coverage deficiency was CHF 12,201 million for the year ended December 31, 2008. |
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