Business Context and Reporting Period
This Form 6-K filing by UBS Group AG, dated November 7, 2023, provides consolidated capitalization data as of September 30, 2023. The report is prepared in accordance with International Financial Reporting Standards (IFRS) and is presented in US dollars. It serves as an update to previous filings, including the Q1 and Q2 2023 reports, and references the 2022 annual report on Form 20-F.
Key Financial Metrics
The filing focuses on the consolidated capitalization structure rather than operational performance metrics like revenue or profit.
| Capitalization Item (USD millions) | As of Sep 30, 2023 | As of Jun 30, 2023 |
|---|---|---|
| Short-term debt issued | 104,591 | 105,145 |
| Long-term debt issued | 245,568 | 250,762 |
| Total debt issued | 350,159 | 355,907 |
| Equity attributable to UBS Group AG shareholders | 84,856 | 87,116 |
| Equity attributable to non-controlling interests | 542 | 636 |
| Total capitalization | 435,557 | 443,659 |
Note: Revenue, profit, cash flow, and margin data are not provided in this specific filing text.
Material Changes
- Debt Reduction: Total debt issued decreased by approximately $5.7 billion from $355.9 billion in Q2 2023 to $350.2 billion in Q3 2023. Both short-term and long-term debt categories saw reductions.
- Equity Decline: Equity attributable to shareholders decreased by approximately $2.3 billion, falling from $87.1 billion to $84.9 billion.
- Total Capitalization: The overall capitalization decreased by roughly $8.1 billion to $435.6 billion.
- Accounting Revision: Comparative-period information has been revised due to the accounting treatment for the acquisition of Credit Suisse Group, as detailed in Note 2 of the Q3 2023 report.
Guidance, Outlook, and Risks
This specific filing text does not contain management commentary, forward-looking guidance, or a detailed discussion of risks and contingencies. It primarily serves to update the capitalization table for incorporation into outstanding registration statements (Forms F-3 and S-8). Investors are directed to the full Q3 2023 report for comprehensive risk disclosures and operational outlook.
Key Facts for Investor Verification
- Verify the impact of the Credit Suisse acquisition accounting revisions on the comparative equity figures.
- Confirm the drivers behind the $5.7 billion reduction in total debt issued during Q3 2023.
- Review the full Q3 2023 report for revenue, net income, and capital ratio details not included in this summary.
- Check the status of outstanding registration statements (Forms F-3 and S-8) into which this data is incorporated.