Business Context and Reporting Period
This Form 6-K is a report of a foreign private issuer filed by UBS Group AG and UBS AG on March 10, 2017. The filing provides consolidated capitalization data as of December 31, 2016, and September 30, 2016, prepared in accordance with International Financial Reporting Standards (IFRS). The document serves to update registration statements and is intended to be read in conjunction with the annual report on Form 20-F for the year ended December 31, 2016.
Key Financial Metrics
The filing details the consolidated capitalization of UBS AG in both Swiss Francs (CHF) and U.S. Dollars (USD). Key figures as of December 31, 2016, include:
- Total Debt Issued: CHF 128,927 million (USD 126,674 million).
- Short-term Debt: CHF 55,878 million (USD 54,902 million).
- Long-term Debt: CHF 73,049 million (USD 71,722 million).
- Equity Attributable to Shareholders: CHF 53,662 million (USD 52,724 million).
- Total Capitalization: CHF 183,271 million (USD 180,067 million).
Note: This filing does not provide data on revenue, profit, cash flow, or operating margins.
Material Changes Versus Prior Period
Comparing the period ended December 31, 2016, to September 30, 2016:
- Total Debt Issued: Decreased from CHF 132,779 million to CHF 128,927 million.
- Short-term Debt: Decreased from CHF 58,681 million to CHF 55,878 million.
- Long-term Debt: Decreased from CHF 74,099 million to CHF 73,049 million.
- Shareholder Equity: Increased slightly from CHF 53,556 million to CHF 53,662 million.
- Total Capitalization: Decreased from CHF 187,029 million to CHF 183,271 million.
USD values for the prior period were translated using an exchange rate of CHF 1 = USD 1.02973, while the current period used CHF 1 = USD 0.98252, impacting the USD comparison.
Guidance, Outlook, and Risks
This specific Form 6-K does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies. It strictly presents capitalization tables and incorporates by reference various registration statements (Forms F-3, S-8) and prospectuses for UBS AG and Corporate Asset Backed Corporation (CABCO).
Investor Verification Checklist
- Verify the full annual report on Form 20-F for the year ended December 31, 2016, for comprehensive revenue, profit, and risk disclosures.
- Confirm the impact of the exchange rate fluctuation (CHF 1 = USD 0.98252) on the USD valuation of the balance sheet.
- Review the referenced registration statements (e.g., Form F-3 No. 333-204908) for details on outstanding securities offerings.
- Check the breakdown of "financial liabilities designated at fair value" within the debt categories for potential volatility.