Business Context and Reporting Period
This Form 6-K filing by UBS Group AG, dated March 28, 2024, provides supplemental capitalization data for the period ended December 31, 2023. The report is prepared in accordance with International Financial Reporting Standards (IFRS) and is intended to be read in conjunction with the company's Annual Report on Form 20-F. The filing incorporates specific disclosures required by SEC regulations regarding the company's capital structure.
Key Financial Metrics
The filing details the consolidated capitalization of UBS Group AG in US dollars as of December 31, 2023, and September 30, 2023. Revenue, profit, cash flow, and margin data are not provided in this specific document.
| Capitalization Item (USD millions) | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|
| Total Debt Issued | 366,106 | 350,159 |
| Short-term debt issued | 105,690 | 104,591 |
| Long-term debt issued | 260,416 | 245,568 |
| Equity attributable to UBS Group AG shareholders | 86,108 | 83,749 |
| Equity attributable to non-controlling interests | 531 | 542 |
| Total Capitalization | 452,745 | 434,450 |
Within long-term debt, specific instruments eligible as high-trigger loss-absorbing additional tier 1 capital instruments totaled $10,744 million, while low-trigger instruments totaled $1,214 million. Non-Basel III-compliant tier 2 capital instruments amounted to $538 million.
Material Changes
Comparing the period ended December 31, 2023, to September 30, 2023:
- Total debt issued increased by $15,947 million, driven by growth in both short-term and long-term obligations.
- Equity attributable to shareholders increased by $2,359 million.
- Total capitalization rose by $18,295 million.
- The filing notes that comparative-period information has been revised due to the accounting for the acquisition of Credit Suisse Group.
Guidance, Outlook, and Risks
This specific Form 6-K does not contain forward-looking guidance, management commentary on future outlook, or a detailed discussion of risks and contingencies. It serves primarily as a disclosure of capitalization figures to satisfy SEC registration statement requirements. Investors are directed to the Annual Report on Form 20-F for comprehensive risk factors and strategic commentary.
Key Facts for Investor Verification
- Verify the impact of the Credit Suisse Group acquisition on the revised comparative-period data.
- Confirm the composition of the $260.4 billion in long-term debt, specifically the portion eligible as loss-absorbing capital instruments.
- Review the full Annual Report on Form 20-F for revenue, profitability, and liquidity metrics not included in this summary.
- Note that the filing incorporates by reference into multiple active registration statements (Forms F-3 and S-8).