credit suisse Annual Report Part 3 Financial report continued Income statement

CSGB_E_58_65_Results 2.5.1997 17:15 Uhr Seite 58

INCOME STATEMENT (PARENT COMPANY)

1996/97 1995/96 Change Changein CHF 1000 in CHF 1000 in CHF 1000 in %

INCOME

Interest income and income from securities 201,905 160,931 40,974 25

Income from investments in Group companies 206,094 959,872 –753,778 –79

Other income 1 52,033 60,172 –8,139 –14

Extraordinary income 1,303,278 0 1,303,278 –

TOTAL 1,763,310 1,180,975 582,335 49

EXPENSES

Interest expenses 133,987 124,547 9,440 8

Personnel expenses and directors’ fees 32,602 20,064 12,538 62

Other expenses 43,893 36,700 7,193 20

Depreciation, write-offs and provisions 1 0 0 0 –

Extraordinary expenses 558,898 0 558,898 –

Taxes 46,213 24,386 21,827 90

TOTAL 815,593 205,697 609,896 297

NET PROFIT FOR THE YEAR 947,717 975,278 –27,561 –3

11995/96: release of hidden reserves of CHF 1,059 m, compensated for by the write-off of an equal amount of goodwill, resulting from merger of Leu Holding Ltd. with Credit Suisse Group.

See notes to the parent company’s financial statements.

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BALANCE SHEET BEFORE ALLOCATION OF RETAINED EARNINGS (PARENT COMPANY)

31.3.97 31.3.96 Change ChangeNotes in CHF 1000 in CHF 1000 in CHF 1000 in %

ASSETS

Investments in Group companies 7 15,987,345 14,507,420 1,479,925 10

Long-term loans to Group companies 762,089 391,633 370,456 95

Securities 1,123,340 1,906,874 –783,534 –41

Total long-term assets 17,872,774 16,805,927 1,066,847 6

Liquid assets held at third parties 1 230,001 –230,000 –100

Liquid assets held at Group companies 1,479 90,189 –88,710 –98

Securities 2,830,059 71,058 2,759,001 –

Other receivables from third parties 63,659 239,717 –176,058 –73

Other receivables from Group companies 57,572 644,164 –586,592 –91

Accrued income and prepaid expenses 45,947 50,117 –4,170 –8

Total current assets 2,998,717 1,325,246 1,673,471 126

TOTAL 20,871,491 18,131,173 2,740,318 15

SHAREHOLDERS’ EQUITY AND LIABILITIES

Share capital 3,902,748 3,774,933 127,815 3

Legal reserve 13 9,854,054 9,321,915 532,139 6

Reserve for own shares 10 600,000 600,000 0 0

Retained earnings:

– Retained earnings, beginning balance 552,093 331,316 220,777 67

– Net profit for the year 947,717 975,278 –27,561 –3

Total shareholders’ equity 15,856,612 15,003,442 853,170 6

Bonds 6 1,461,608 1,459,541 2,067 0

Long-term loans from Group companies 866,447 733,316 133,131 18

Provisions 14 391,569 199,096 192,473 97

Total long-term liabilities 2,719,624 2,391,953 327,671 14

Payable to third parties 1,822,214 0 1,822,214 –

Payable to Group companies 345,145 646,551 –301,406 –47

Accrued expenses and deferred income 127,896 89,227 38,669 43

Total current liabilities 2,295,255 735,778 1,559,477 212

Total liabiliites 5,014,879 3,127,731 1,887,148 60

TOTAL 20,871,491 18,131,173 2,740,318 15

See notes to the parent company’s financial statements.

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NOTES TO THE FINANCIAL STATEMENTS (PARENT COMPANY)

31 March 1997 31 March 1996in CHF 1000 in CHF 1000

1 CONTINGENT LIABILITIES

Aggregate guarantees and indemnity liabilities. 27,672,753 855,230

of which have been entered into on behalf of subsidiaries 27,672,068 855,230

2 BALANCE SHEET ASSETS WITH RETENTION OF TITLE TO SECURE OWN OBLIGATIONS

There are no such assets.

3 OFF-BALANCE-SHEET OBLIGATIONS RELATING TO LEASING CONTRACTS

There are no such obligations.

4 FIRE INSURANCE VALUE OF TANGIBLE FIXED ASSETS 3,400 2,100

5 LIABILITIES RELATING TO PENSION PLANSAND OTHER RETIREMENT BENEFIT OBLIGATIONS

There are no such liabilities.

6 BONDS ISSUED

31 March 1997 31 March 1996TYPE Interest rate Maturity date in CHF m in CHF m

Warrant bonds (series IA) 3.50% 1989–20.07.1997 200 200

Warrant bonds (series NA) 3.50% 1989–20.07.1998 300 300

Bonds 7.00% 1990–23.02.2000 200 200

Warrant bonds 2.25% 1993–06.08.2001 500 500

Bonds (subordinated) 6.00% 1994–15.12.2003 250 250

7 PRINCIPAL PARTICIPATIONS

The company’s principal participations are shown in the notes to the consolidated financial statements.

8 RELEASE OF HIDDEN RESERVES

No significant hidden reserves were released (1995/96: CHF 1,059 m).

9 REVALUATION OF LONG-TERM ASSETS TO HIGHER THAN COST

There was no such revaluation.

10 OWN SHARES HELD BY THE COMPANY 1996/97 1995/96AND BY GROUP COMPANIES No. of shares in CHF 1000 No. of shares in CHF 1000

SHARES ISSUED AND RESERVED, INVESTMENT SECURITIES

Registered shares, at beginning of financial year 126,623 2,954 10,296 570

+ additions 0 0 192,455 9,336

– disposals 4,223 465 76,128 6,952

Registered shares, at end of financial year 122,400 2,489 126,623 2,954

Bearer shares, at beginning of financial year – – 38,491 9,336

+ additions – – 0 0

– disposals – – 38,491 9,336

Bearer shares, at end of financial year – – 0 0

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1


1996/97 1995/96No. of shares in CHF 1000 No. of shares in CHF 1000

HOLDINGS INCLUDED IN CURRENT ASSETS

In registered share equivalents, including derivatives

At beginning of financial year 5,887,713 646,327 6,334,690 587,034

At end of financial year 237,596 41,045 5,887,713 646,327

1 AUTHORISED AND CONDITIONAL CAPITAL

AUTHORISED CAPITAL

Credit Suisse Group no longer holds any authorised capital.

CONDITIONAL CAPITAL

On 4 June 1992, the Annual Meeting of Shareholders approved the creation of conditional capital which would allow the share capital to be

lifted by up to CHF 250,000,000 through the issuance of a maximum of 500,000 bearer shares having a par value of CHF 500 each.

This conditional capital secures the conversion and warrant rights of future holders of bonds issued by either Credit Suisse Group or one of

its Group companies.

On 12 November 1992, the Board of Directors of Credit Suisse Group voted to allow 300,000 of these shares of CHF 500 par

value (equivalent to 7,500,000 registered shares of CHF 20 par value) to be used to secure the conversion rights attached to the

USD 500,000,000 in 4 7/8% subordinated convertible bonds issued by CS Holding Finance B.V., due 2002. By 31 March 1997, bonds

amounting to USD 451,055,000 had been converted into 6,765,825 registered shares with a par value of CHF 20 each, and the

corresponding shares issued. The total par value of the remaining 734,175 registered shares – par value CHF 20 each – in respect of this

conditional capital, which had not been issued, was CHF 14,683,500.

On 8 July 1993, the Board of Directors of Credit Suisse Group approved the use of a further 200,000 of these bearer shares of

CHF 500 par value (equivalent to 5,000,000 registered shares of CHF 20 par value) to secure the warrant rights attached to the

CHF 500,000,000 in 2 1/4% warrant bonds issued by Credit Suisse Group in 1993, which are due in 2001. By 31 March 1997, warrants

for 4,998,845 registered shares of CHF 20 par value had been exercised and the corresponding shares issued. The remaining conditional

capital has lapsed.

On 29 May 1995 the Annual General Meeting of Shareholders approved the creation of conditional capital which would allow the

share capital to be lifted by up to CHF 250,000,000 through the issuance of a maximum of 12,500,000 registered shares with a par value

of CHF 20 each. This conditional capital secures the conversion and warrant rights of future holders of bonds or similar debt securities

issued by Credit Suisse Group or one of its Group companies. By 31 March no warrant or conversion rights had been assigned by the Board

of Directors.

At the Annual Meeting held on 30 May 1994, the shareholders approved the creation of conditional capital which would allow the

share capital to be lifted by up to CHF 60,000,000 through the issuance of a maximum of 3,000,000 registered shares having a par value

of CHF 20 each. This conditional capital serves to secure the subscription rights of staff of Credit Suisse Group and its Group companies.

By 31 March 1997, subscription rights for 1,474,963 shares to the value of CHF 29,499,260 had been exercised and the corresponding

shares issued. The total par value of the remaining 1,525,037 registered shares – par value CHF 20 each – in respect of this conditional

capital, which had not been issued, amounted to CHF 30,500,740.

The table on page 62 shows the changes that have taken place in the company’s share capital and how the authorised and conditional

capital has been employed.

61

NOTES TO THE FINANCIAL STATEMENTS (PARENT COMPANY)


Par valueSHARE CAPITAL OF CREDIT SUISSE GROUP No. of registered shares in CHF

SHARE CAPITAL AT 31 MARCH 1996 188,746,670 3,774,933,400

No. of shares Par value in CHF

Conditional capital

AGM of 4 June 92

Warrants and convertible bonds 12,500,000 250,000,000

Bonds converted 19 Nov. 92–31 Mar. 96 5,371,800 107,436,000

Bonds converted 1 Apr. 96–31 Mar. 97 1,394,025 27,880,500 1,394,025 27,880,500

Warrants exercised 6 Aug. 93–31 Mar. 96 2,150 43,000

Warrants exercised 1 Apr. 96–25 Sept. 96 4,996,695 99,933,900 4,996,695 99,933,900

Warrants not exercised (lapsed) 1,155 23,100

Remaining capital 734,175 14,683,500

AGM of 29 May 95

Warrants and convertible bonds 12,500,000 250,000,000

Remaining capital 12,500,000 250,000,000

AGM of 30 May 94

Staff shares 3,000,000 60,000,000

Subscriptions exercised 30 May 94–31 Mar. 96 1,474,963 29,499,260

Subscriptions exercised 1 Apr. 96–31 Mar. 97 0 0 0 0

Remaining capital 1,525,037 30,500,740

SHARE CAPITAL AT 31 MARCH 1997 195,137,390 3,902,747,800

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AUDITORS’ REPORT TO THE BOARD OF DIRECTORS OF CREDIT SUISSE GROUP ON CONDITIONAL CAPITAL INCREASES

As auditors of your company we examined, in accordance with Article 653f of the Swiss Code of Obligations, the issuance of share capital

for the period from 1 April 1996 to 31 March 1997 in accordance with Swiss law, the company’s Articles of Association and the decision

taken by the Annual Meeting of Shareholders dated 4 June 1992. Based on our examinations we conclude that the issuance of 6,390,720

registered shares with par value per share of CHF 20 and an aggregate par value of CHF 127,814,400 is in agreement with Swiss law, the

company’s Articles of Association and the respective prospectuses.

Our examinations were conducted in accordance with professionally accepted auditing standards in Switzerland. We confirm that we

meet the legal requirements concerning professional qualification and independence.

KPMG Klynveld Peat Marwick Goerdeler SA, Zurich, 14 April 1997

12 SUBSTANTIAL SHAREHOLDERS AND THEIR HOLDINGS AS AT 31 MARCH 1997

Other than bank nominees, all of whom have complied with Article 4, paragraph 3 of the Articles of Association, there are no shareholders

registered in the Company’s share register who own 5% or more of the outstanding share capital.

13 LEGAL RESERVE

The change in legal reserve compared to 31 March 1996 equals the capital surplus of CHF 550.0 m (1995/96: CHF 216.3 m) received for

newly issued shares, net of issuing costs of CHF 17.9 m (1995/96: CHF 9.0 m).

14 PROVISIONS

This item represents mainly general provisions of CHF 301 m (1995/96: CHF 106 m).

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in CHF

Retained earnings, beginning of year 552,093,467

Net profit for 1996/97 947,716,610

RETAINED EARNINGS AT 31 MARCH 1997 1,499,810,077

PROPOSED DIVIDEND DISTRIBUTION

CHF 4.00 per registered share of CHF 20 par value 780,063,960

(195 015 990 eligible for the dividend)

To be brought forward 719,746,117

TOTAL 1,499,810,077

On behalf of the Board of Directors:

The Chairman: Rainer E. Gut

The Executive Board:

L. Mühlemann, R. E. Thornburgh, H.-U. Doerig, A. D. Wheat, O. Grübel, P. M. Colebatch, K. Jenny, P. Meier

Zurich, 30 April 1997

PROPOSED ALLOCATION OF RETAINED EARNINGS

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REPORT OF THE STATUTORY AUDITORS TO THE ANNUAL GENERAL MEETING OF CREDIT SUISSE GROUP, ZURICH

As statutory auditors, we have audited the accounting records and the financial statements (profit and loss account, balance sheet and

notes) of Credit Suisse Group for the year ended 31 March 1997.

These financial statements are the responsibility of the Board of Directors. Our responsibility is to express an opinion on these finan-

cial statements based on our audit. We confirm that we meet the legal requirements concerning professional qualification and independence.

Our audit was conducted in accordance with auditing standards promulgated by the Swiss profession, which require that an audit be

planned and performed to obtain reasonable assurance about whether the financial statements are free from material misstatement. We have

examined on a test basis evidence supporting the amounts and disclosures in the financial statements. We have also assessed the account-

ing principles used, significant estimates made and the overall financial statement presentation. We believe that our audit provides a reason-

able basis for our opinion.

In our opinion, the accounting records, financial statements and the proposed appropriation of retained earnings comply with Swiss law

and the company’s Articles of Association. We recommend that the financial statements submitted to you be approved.

KPMG Klynveld Peat Marwick Goerdeler SA

B.A. Mathers P. Hanimann

Chartered Accountant Certified Accountant

Auditors in Charge

Zurich, 30 April 1997

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CSGB_E_66_67_Tabelle 2.5.1997 17:16 Uhr Seite 66

1996 1995* 1994 1993 1992 1991 1990CHF m CHF m CHF m CHF m CHF m CHF m CHF m

CONSOLIDATED BALANCE SHEET (AT 31 DECEMBER)

Cash and other liquid assets, due from banks, money market claims 145,336 127,247 124,341 95,876 73,614 63,534 71,000

Due from customers, mortgages 229,452 176,877 180,461 164,138 125,402 112,494 105,776

Securities and precious metalstrading portfolios,financial investments 95,824 68,593 62,137 61,452 31,866 27,736 24,090

Non-consolidated participations 685 1,403 1,679 1,312 1,341 1,614 1,535

Tangible fixed assets 7,047 7,496 6,027 5,176 3,802 3,056 2,760

Accrued income andprepaid expenses, other assets 45,810 30,874 16,653 18,530 13,328 12,053 10,775

TOTAL ASSETS 524,154 412,490 391,298 346,484 249,353 220,487 215,936

Due to banks 194,572 145,540 115,078 87,961 61,712 51,918 56,782

Money market liabilities,due to customers 225,504 180,433 181,129 165,709 124,315 113,300 110,544

Bonds, mortgage backed bondsand medium-term notes 34,810 34,304 36,878 35,137 27,814 25,037 22,373

Accrued expenses anddeferred income, other liabilities,value adjustments and provisions 52,842 34,851 40,970 41,870 23,754 19,690 16,475

Reserve for general banking risks* 2,388 432 1,007 1,007 1,007 1,009 1,006

Share capital 3,886 3,771 3,665 3,427 2,644 2,489 2,489

Capital reserve, retained earnings and net profit 10,152 13,159 12,571 11,373 8,107 7,044 6,267

Shareholders’ equity (before profit allocation) 16,426 17,362 17,243 15,807 11,758 10,542 9,762

Of which minority interests 581 878 944 728 1,256 1,157 994

Shareholders’ equity after minority interests 15,845 16,484 16,299 15,079 10,502 9,385 8,768

TOTAL LIABILITIES ANDSHAREHOLDERS’ EQUITY 524,154 412,490 391,298 346,484 249,353 220,487 215,936

*1995 figures are adjusted according to the Swiss accounting rules for banks. Only the reserve for general banking risks has been adjusted on the balance sheets for 1990–1994.

SEVEN-YEAR SUMMARY OF SELECTED FINANCIAL DATA

RESOURCES

STAFF(FULLY CONSOLIDATEDENTITIES ONLY) 1996 1995 1994 1993 1992 1991 1990

At year end: Switzerland 23,553 24,330 24,035 23,062 17,695 17,884 18,391

Outside Switzerland 11,268 9,980 10,950 10,353 9,778 8,999 8,894

Total 34,821 34,310 34,985 33,415 27,473 26,883 27,285

Average 34,453 34,537 34,316 32,597 27,106 27,053 27,388

NUMBER OF OFFICES

Switzerland 369 402 427 384 234 240 239

Outside Switzerland 101 98 90 97 93 94 87

Total 470 500 517 481 327 334 326

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1996 1995* 1994 1993 1992 1991 1990CHF m CHF m CHF m CHF m CHF m CHF m CHF m

CONSOLIDATED INCOME STATEMENT

Net interest income 3,488 3,305 3,078 3,232 2,710 2,488 1,978

Net commission and service fee income 4,942 4,175 3,915 4,546 3,243 2,768 2,365

Net trading income 3,901 2,943 2,479 5,176 2,269 2,099 709

Other ordinary income 559 579 969 772 685 401 572

NET OPERATING INCOME 12,890 11,002 10,441 13,726 8,907 7,756 5,624

Personnel expenses 6,121 4,890 4,772 5,410 3,779 3,295 2,738

Other operating expenses 2,217 2,057 2,258 2,220 1,685 1,489 1,683

Total operating expenses 8,338 6,947 7,030 7,630 5,464 4,784 4,421

GROSS OPERATING PROFIT 4,552 4,055 3,411 6,096 3,443 2,972 1,203

Losses, write-offs, depreciation and provisions 2,084 1,657 2,167 3,024 1,752 1,342 1,446

PRE-TAX OPERATING PROFIT 2,468 2,398 1,244 3,072 1,691 1,630 –243

Extraordinary income* 1,340 640 702 87 73 49 236

Extraordinary expenses* 5,407 934 175 240 53 7 0

Taxes 833 563 338 926 533 532 213

GROUP LOSS/GROUP PROFIT –2,432 1,541 1,433 1,993 1,178 1,140 –220

of which minority interests 157 140 102 284 150 160 –369

NET LOSS/NET PROFIT –2,589 1,401 1,331 1,709 1,028 980 149

OPERATING CASH FLOW 3,719 3,492 3,073 5,170 2,910 2,440 990

*1995 figures are adjusted according to the Swiss accounting rules for banks. Only the reserve for general banking risks has been adjusted on the balance sheets for 1990–1994.

RETURN ON EQUITY (ROE) IN % 1996 1995* 1994 1993 1992 1991 1990

ROE –13.7 9.0 8.8 14.3 10.8 11.3 –2.2

ROE (after minority interests) –15.2 8.7 8.6 13.2 10.6 10.9 1.6

OTHER RATIOS IN %

BIS core capital ratio (tier 1) 8.0 8.6 7.1 6.8 – – –

BIS capital ratio 11.9 12.7 11.1 10.6 – – –

Operating expenses/net operating income 64.7 63.1 67.3 55.6 61.3 61.7 78.6

PRODUCTIVITY PER EMPLOYEE in CHF 1000 in CHF 1000 in CHF 1000 in CHF 1000 in CHF 1000 in CHF 1000 in CHF 1000

Net operating income 374.13 321.56 304.26 421.08 328.60 286.70 205.35

Personnel expenses 177.66 142.92 139.06 165.97 139.42 121.80 99.97

Other operating expenses 64.35 60.12 65.80 68.10 62.16 55.04 61.45

Total operating expenses 242.01 203.05 204.86 234.07 201.58 176.84 161.42

Gross operating profit 132.12 118.52 99.40 187.01 127.02 109.86 43.92

Pre-tax operating profit 71.63 70.09 36.25 94.24 62.38 60.25 –8.87

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INFORMATION FOR INVESTORS

As of 19 June 1995, Credit Suisse Group (formerly CS Holding), has a unified share structure, consisting of only registered shares. A brief

overview of registration procedures and voting rights under the unified share structure follows:

Registration. In order to register with full voting power for any number of shares, purchasers of shares must submit an application stating

that the shares have been acquired in own name and for own account.

Persons who do not specifically state that the shares are being held for own account will be registered as Nominees. Nominees will

be granted full voting power for a number of shares not exceeding 2% of the total outstanding share capital. In excess of this limit, voting

rights will be granted upon disclosure of the beneficial owner of shares representing 0.5% or more of the total outstanding share capital.

Voting (and notification). Registered shareholders and their appointed proxies will have, in principle, full voting power. Nominees may

not vote shares representing more than 2% of the total outstanding share capital, unless they disclose the beneficial owners of shares

representing 0.5% or more of the total outstanding share capital and comply with the registration requirements. Upon attaining the threshold

of ownership of 5, 10, 20, 331/3, 50 or 66 2/3% of the total registered share capital, purchasers of shares must disclose the number of

shares acquired and the beneficial owners within 30 days.

For full details, we refer to the Article of Association of Credit Suisse Group which are available to shareholders upon request.

As of 31 December 1996, no single shareholder held more than 5% of total outstanding shares.

Credit Suisse Group shares (CHF 20 par)

Ticker symbols

Stock exchange listings Bloomberg Reuters TelekursSWX (Swiss Exchange) CSGN SW CSGZn.S CSGN,001 Frankfurt CSHN GR CSGZn.F 876800,13 Tokyo – CSGZn.T N1492,106

Also traded in

New York (ADR)* CSGKY US CSGKY.OB CSGKY,130London (SEAQ) CSG LI CSHZnq.LT C2,182Paris (OTC) CSHR FP CSHZ.PA 916190,25

*4 ADRs = 1 registered share

Swiss security number 146248ISIN number CH0001462487CUSIP number 225 401 108

Share price at 31 December for inclusion in Swiss tax returns: CHF 135

Enquiries

CREDIT SUISSE GROUP

Investor Relations

Gerhard Beindorff

Telephone: + 41 1 333 45 70

Fax: + 41 1 333 25 87

Mailing address: P.O. Box 1, CH-8070 Zurich, Switzerland

Internet: www.credit-suisse.com

Annual reports may be ordered from:

CREDIT SUISSE

Dept. Xdp 25

P.O. Box 100

CH-8070 Zurich

Switzerland

Fax: + 41 1 332 57 11

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NO. OF SHARESCHF 20 PAR 1996 1995 1994 1993 1992 1991 1990

Number of shares issued at 31 Dec. 194,307,590 188,530,820 183,228,108 171,357,115 132,187,500 124,411,780 124,411,780

Shares ranking for dividend

– at 31 December 194,186,189 188,408,971 183,105,339 166,447,150 121,280,965 108,847,230 107,318,475

– average 190,011,086 184,675,138 170,821,387 146,277,693 113,317,042 108,052,153 105,387,677

PER SHARE ISSUED CHF CHF CHF CHF CHF CHF CHF

Book value (at year-end) 81.6 87.5 89 90.6 86.6 86.2 81.7

Cash flow (average) 19.6 18.9 18.0 35.3 25.7 22.6 9.4

Gross operating profit (average) 24.0 22.0 20.0 41.7 30.4 27.5 11.4

Net loss/profit (average) –13.6 7.6 7.8 11.7 9.1 9.1 1.4

Net profit (fully diluted) – 7.5 7.6 11.1 9.0 9.0 –

Dividend 4 4 3.6 3.6 3 3 3

STOCK EXCHANGE PRICE IN CHF

Year-end 137.50 118.25 112 147 79.40 66.40 59

High/low 139.25/105.75 119/90 147.50/96 150/72.80 80/62 86/55 112.20/59

P/E ratio 31 December –10.1 15.6 14.4 12.6 8.7 7.3 42.1

P/BV ratio 31 December 1.7 1.4 1.3 1.6 0.9 0.8 0.7

MARKET CAPITALISATION IN CHF M

Year-end 26,701 22,279 20,508 24,515 10,202 7,513 6,402

Change

– in % 19.8 8.6 –16.3 140.3 35.8 17.4 –

– compared to SMI (percentage points) –10.6 –16.9 –5.2 99.9 9.6 –2.8 –

In % of SMI (at year-end) 6.4 6.7 7.7 8.2 6.3 5.7 –

High (based on average no. of shares) 26,459 21,976 25,196 21,942 9,065 9,292 11,824

Low (based on average no. of shares) 20,094 16,621 16,399 10,649 7,026 5,943 6,218

TRADING VOLUME SWISS EXCHANGE (SWX)

in CHF m

Total per year 34,455 19,097 21,167 35,930 7,302 6,524 –

Daily average 142.4 78.9 87.5 148.5 30.2 27.0 –

in 1000 units

Total per year 282,279 176,885 175,754 236,315 95,210 85,325 –

Daily average 1,166.4 730.9 726.3 976.5 393.5 352.5 –

RATINGS

Agency Credit Suisse Group Credit Suisse Credit Suisse First Boston

Long term Short term Long term Short term Long term Short term

Moody’s, New York A1 – Aa3 P1 Aa3 P1

Standard & Poor’s, New York AA– A1+ AA– A1+ AA A1+

IBCA, London AA A1+ AA– A1+ AA+ A1+

Fitch, New York AA F1+ AA– F1+ AA F1+

Credit Suisse Financial Products carries the same ratings as Credit Suisse First Boston

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credit suisse Annual Report Part 3 Financial report continued Income statement

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Transcript of credit suisse Annual Report Part 3 Financial report continued Income statement