Business Context and Reporting Period
This Form 6-K is a report of foreign private issuers UBS Group AG and UBS AG, filed on April 29, 2022. The filing provides consolidated capitalization data as of March 31, 2022, prepared in accordance with International Financial Reporting Standards (IFRS) and presented in US dollars. The document serves to update registration statements and incorporates by reference the company's annual report on Form 20-F for the year ended December 31, 2021, and its first quarter 2022 report.
Key Financial Metrics
The filing details the consolidated capitalization structure of UBS AG. Specific revenue, profit, cash flow, or margin data are not included in this specific document; investors are directed to the separate Q1 2022 report for those metrics.
| Capitalization Item (USD Million) | As of March 31, 2022 | As of December 31, 2021 |
|---|---|---|
| Short-term debt issued | 70,621 | 79,444 |
| Long-term debt issued | 133,382 | 134,083 |
| Total debt issued | 204,003 | 213,527 |
| Funding from UBS Group AG | 59,569 | 59,635 |
| Equity attributable to UBS AG shareholders | 57,962 | 58,102 |
| Equity attributable to non-controlling interests | 356 | 340 |
| Total capitalization | 262,322 | 271,969 |
Material Changes Versus Prior Period
- Total Debt Reduction: Total debt issued decreased by approximately $9.5 billion, from $213.5 billion at year-end 2021 to $204.0 billion in Q1 2022.
- Short-term Debt Decline: Short-term debt issued saw a significant reduction of roughly $8.8 billion, dropping from $79.4 billion to $70.6 billion.
- Long-term Debt Stability: Long-term debt remained relatively stable, decreasing slightly by $0.7 billion.
- Equity Position: Equity attributable to shareholders decreased marginally by $140 million, while non-controlling interests increased by $16 million.
- Total Capitalization: The overall capitalization base contracted by approximately $9.6 billion.
Guidance, Outlook, and Risks
This specific filing does not contain management commentary, forward-looking guidance, or a discussion of risks and contingencies. The document explicitly states that it should be read in conjunction with the annual report on Form 20-F and the first quarter 2022 report submitted on Form 6-K on April 29, 2022, for comprehensive operational and risk disclosures.
Key Facts for Investor Verification
- Verify the detailed Q1 2022 revenue, net income, and cash flow figures in the separate Q1 2022 report referenced in this filing.
- Confirm the drivers behind the $8.8 billion reduction in short-term debt issued during the first quarter.
- Review the full Form 20-F for the year ended December 31, 2021, to understand the baseline capital structure and risk factors.
- Note that the filing incorporates by reference into multiple registration statements (Forms F-3 and S-8) and CABCO prospectuses.