Ratio of earnings to fixed charges
Ratio of earnings to fixed charges - Group | |||||||||||||
in | 6M14 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||
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 | 1,397 | 4,096 | 2,190 | 3,471 | 7,477 | 8,106 | |||||||
Income/(loss) from equity method investments | (112) | (251) | (160) | (138) | (164) | (56) | |||||||
Pre-tax earnings/(loss) from continuing operations | 1,285 | 3,845 | 2,030 | 3,333 | 7,313 | 8,050 | |||||||
Fixed charges: | |||||||||||||
Interest expense | 5,371 | 11,441 | 14,947 | 16,550 | 18,980 | 18,367 | |||||||
Interest portion of rentals 1 | 309 | 642 | 645 | 600 | 595 | 583 | |||||||
Preferred dividend requirements | 28 | 236 | 231 | 216 | 162 | 131 | |||||||
Total fixed charges | 5,708 | 12,319 | 15,823 | 17,366 | 19,737 | 19,081 | |||||||
Pre-tax earnings before fixed charges | 6,993 | 16,164 | 17,853 | 20,699 | 27,050 | 27,131 | |||||||
Noncontrolling interests | 394 | 639 | 336 | 837 | 822 | (313) | |||||||
Earnings before fixed charges and provision for income taxes | 6,599 | 15,525 | 17,517 | 19,862 | 26,228 | 27,444 | |||||||
Ratio of earnings to fixed charges | 1.16 | 1.26 | 1.11 | 1.14 | 1.33 | 1.44 | |||||||
1 Amounts reflect a portion of premises and real estate expenses deemed representative of the interest factor. |
10