Business Context and Reporting Period
This Form 6-K filing by UBS Group AG and UBS AG covers the period ending June 30, 2021, with the report filed on July 23, 2021. The registrants are foreign private issuers based in Zurich and Basel, Switzerland, reporting in accordance with International Financial Reporting Standards (IFRS) in US dollars.
Key Financial Metrics
The filing provides a consolidated capitalization table for UBS AG as of June 30, 2021, and March 31, 2021. Specific revenue, profit, cash flow, and margin data are not included in this specific document text.
| Capitalization Item (USD Million) | As of June 30, 2021 | As of March 31, 2021 |
|---|---|---|
| Short-term debt issued | 85,273 | 87,871 |
| Long-term debt issued | 130,190 | 123,866 |
| Total debt issued | 215,462 | 211,737 |
| Funding from UBS Group AG | 58,173 | 59,606 |
| Equity attributable to UBS AG shareholders | 55,361 | 57,446 |
| Equity attributable to non-controlling interests | 284 | 307 |
| Total capitalization | 271,107 | 269,490 |
Material Changes
- Total Debt: Increased by $3,725 million from $211,737 million in Q1 2021 to $215,462 million in Q2 2021.
- Debt Composition: Long-term debt rose by $6,324 million, while short-term debt decreased by $2,598 million.
- Equity: Equity attributable to shareholders decreased by $2,085 million to $55,361 million.
- Total Capitalization: Increased slightly by $1,617 million to $271,107 million.
Guidance, Outlook, and Risks
This specific filing text does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies. It serves primarily to update capitalization figures and incorporate by reference into various registration statements (Forms F-3, S-8) and prospectuses.
Investor Verification Checklist
- Verify the full Q2 2021 financial results (revenue, net income, and cash flow) in the separate Q2 2021 report referenced in the filing text.
- Confirm the drivers behind the $6.3 billion increase in long-term debt issuance.
- Review the annual report on Form 20-F for the year ended December 31, 2020, for comprehensive risk disclosures.
- Check the specific terms of the "Funding from UBS Group AG" line item to understand intercompany capital structures.