Business Context and Reporting Period
This Form 6-K is a report of foreign private issuers UBS Group AG and UBS AG, filed with the SEC on March 7, 2022. The filing provides consolidated capitalization data as of December 31, 2021, prepared in accordance with International Financial Reporting Standards (IFRS) and presented in US dollars. It serves as an update to the annual report on Form 20-F for the year ended December 31, 2021.
Key Financial Metrics
The filing details the consolidated capitalization of UBS AG as of December 31, 2021, and September 30, 2021. Revenue, profit, cash flow, and margin data are not provided in this specific filing text.
| Capitalization Item (USD Million) | As of 31.12.21 | As of 30.9.21 |
|---|---|---|
| Short-term debt issued | 79,444 | 75,298 |
| Long-term debt issued | 134,083 | 130,754 |
| Total debt issued | 213,527 | 206,052 |
| Funding from UBS Group AG | 59,635 | 56,411 |
| Equity attributable to UBS AG shareholders | 58,102 | 57,085 |
| Equity attributable to non-controlling interests | 340 | 333 |
| Total capitalization | 271,969 | 263,470 |
Material Changes
Comparing the period ended December 31, 2021, to September 30, 2021:
- Total Debt Issued: Increased by $7,475 million (from $206,052 million to $213,527 million).
- Short-term Debt: Increased by $4,146 million.
- Long-term Debt: Increased by $3,329 million.
- Total Equity: Increased by $1,017 million (from $57,418 million to $58,442 million).
- Total Capitalization: Increased by $8,499 million.
Guidance, Outlook, and Risks
This filing does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies. It is a procedural filing incorporating capitalization data by reference into various registration statements (Forms F-3, S-8) and prospectuses. Investors are directed to read this filing in conjunction with the full annual report on Form 20-F for the year ended December 31, 2021, for comprehensive disclosures.
Investor Verification Checklist
- Verify the full annual report on Form 20-F for the year ended December 31, 2021, to obtain revenue, profit, and cash flow metrics not present in this 6-K.
- Confirm the composition of "Funding from UBS Group AG" within the total debt figures to understand intercompany financing structures.
- Review the referenced registration statements (e.g., Form F-3 No. 333-253432) for details on outstanding securities offerings.
- Check the latest Form 20-F for updated liquidity ratios and regulatory capital requirements.