Ratio of earnings to fixed charges
Ratio of earnings to fixed charges - Group | |||||||||||||
in | 6M15 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||
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 | 3,167 | 3,627 | 4,096 | 2,190 | 3,471 | 7,477 | |||||||
Income/(loss) from equity method investments | (97) | (244) | (251) | (160) | (138) | (164) | |||||||
Pre-tax earnings/(loss) from continuing operations | 3,070 | 3,383 | 3,845 | 2,030 | 3,333 | 7,313 | |||||||
Fixed charges: | |||||||||||||
Interest expense | 5,372 | 10,027 | 11,441 | 14,947 | 16,550 | 18,980 | |||||||
Interest portion of rentals 1 | 262 | 627 | 642 | 645 | 600 | 595 | |||||||
Preferred dividend requirements | 0 | 53 | 236 | 231 | 216 | 162 | |||||||
Total fixed charges | 5,634 | 10,707 | 12,319 | 15,823 | 17,366 | 19,737 | |||||||
Pre-tax earnings before fixed charges | 8,704 | 14,090 | 16,164 | 17,853 | 20,699 | 27,050 | |||||||
Noncontrolling interests | (5) | 449 | 639 | 336 | 837 | 822 | |||||||
Earnings before fixed charges and provision for income taxes | 8,709 | 13,641 | 15,525 | 17,517 | 19,862 | 26,228 | |||||||
Ratio of earnings to fixed charges | 1.55 | 1.27 | 1.26 | 1.11 | 1.14 | 1.33 | |||||||
1 Amounts reflect a portion of premises and real estate expenses deemed representative of the interest factor. |
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