Business Context and Reporting Period
This Form 6-K filing by UBS Group AG and UBS AG covers the period ended September 30, 2022, and was filed on October 28, 2022. The report provides consolidated capitalization data in accordance with International Financial Reporting Standards (IFRS) in US dollars. It serves as a supplement to the company's annual Form 20-F and previous quarterly Form 6-K reports.
Key Financial Metrics
The filing focuses on the consolidated capitalization structure rather than operational performance metrics such as revenue, profit, or cash flow.
| Capitalization Item (USD millions) | As of Sep 30, 2022 | As of Jun 30, 2022 |
|---|---|---|
| Short-term debt issued | 58,494 | 67,583 |
| Long-term debt issued | 121,968 | 127,590 |
| Total debt issued | 180,463 | 195,173 |
| Funding from UBS Group AG | 57,342 | 58,896 |
| Equity attributable to UBS AG shareholders | 54,610 | 54,746 |
| Equity attributable to non-controlling interests | 330 | 339 |
| Total capitalization | 235,404 | 250,258 |
Note: Revenue, profit, cash flow, margins, and liquidity ratios are not provided in this specific filing text.
Material Changes
- Total Debt Reduction: Total debt issued decreased by approximately $14.7 billion, from $195.2 billion in June 2022 to $180.5 billion in September 2022.
- Short-term Debt: Short-term debt issued declined by roughly $9.1 billion, dropping from $67.6 billion to $58.5 billion.
- Long-term Debt: Long-term debt issued decreased by approximately $5.6 billion, falling from $127.6 billion to $122.0 billion.
- Equity Stability: Equity attributable to shareholders remained relatively stable, decreasing slightly by $136 million.
- Total Capitalization: The overall capitalization decreased by approximately $14.9 billion.
Guidance, Outlook, and Risks
This filing does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies. It is a capitalization update intended to be read in conjunction with the company's full quarterly report submitted on the same date.
Investor Verification Checklist
- Verify the full Q3 2022 earnings report for revenue, net income, and cash flow figures not included in this summary.
- Confirm the reasons for the significant reduction in short-term debt issuance between Q2 and Q3 2022.
- Review the full Form 20-F and Q3 6-K for details on funding sources and liquidity positions beyond the capitalization table.
- Check for any updates on regulatory capital requirements or stress test results in the accompanying full reports.