Release of restated financial history following the previously announced agreement to sell Winterthur

Credit Suisse Group’s second quarter 2006 results will be released on Wednesday, August 2, 2006.

Following the previously announced agreement to sell Winterthur, this business will be presented as discontinued operations in accordance with US GAAP. With effect from the second quarter 2006 results, Winterthur’s net income will be reflected in the line item “Income from discontinued operations, net of tax” within Credit Suisse Group’s income statement.

Winterthur’s results are, therefore, no longer included in the Group’s income from continuing operations before taxes. However, Credit Suisse Group’s reported net income remains unchanged.

This restatement impacts the consolidated results of Credit Suisse Group as well as the Corporate Center (including consolidation adjustments and intercompany eliminations). Assets under management, net new assets and client assets have also been revised to reflect the new structure. However, the historical results of the Investment Banking, Private Banking and Asset Management segments are unaffected.

The spreadsheet below provides restated historic financials for the first quarter of 2006, all quarters of 2005, the full year 2005 and the full year 2004. Revised quarterly financial results for 2004 together with the full year results for 2003 presenting Winterthur as discontinued operations will be published with the release of the second quarter 2006 results.

Documents Language Format Size
Spreadsheets English
XLS 72 KB