Business Context and Reporting Period
This Form 6-K is a report of foreign private issuer filed by UBS Group AG and UBS AG on March 5, 2021. The filing provides supplemental capitalization data for the period ended December 31, 2020, prepared in accordance with International Financial Reporting Standards (IFRS). It is intended to be read in conjunction with the annual report on Form 20-F for the year ended December 31, 2020.
Key Financial Metrics
The filing presents consolidated capitalization figures for UBS AG in US dollars as of December 31, 2020. Revenue, profit, cash flow, and margin data are not included in this specific document.
| Capitalization Item (USD Million) | As of 31.12.20 | As of 30.09.20 |
|---|---|---|
| Short-term debt issued | 81,457 | 76,220 |
| Long-term debt issued | 119,116 | 114,470 |
| Total debt issued | 200,573 | 190,690 |
| Funding from UBS Group AG | 55,354 | 53,114 |
| Equity attributable to UBS AG shareholders | 57,754 | 57,461 |
| Equity attributable to non-controlling interests | 319 | 293 |
| Total capitalization | 258,646 | 248,443 |
Material Changes
Comparing the quarter ended December 31, 2020, to the quarter ended September 30, 2020:
- Total Debt Issued: Increased by $9,883 million (approximately 5.2%), driven by growth in both short-term and long-term debt.
- Equity: Equity attributable to UBS AG shareholders increased by $293 million.
- Total Capitalization: Rose by $10,203 million to $258,646 million.
Guidance, Outlook, and Risks
This filing does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies. It serves strictly as a disclosure of capitalization figures for incorporation into registration statements and prospectuses.
Investor Verification Checklist
- Verify the full annual financial performance (revenue, net income, cash flow) in the Form 20-F filed on March 5, 2021, as this Form 6-K does not contain those metrics.
- Confirm the composition of "Funding from UBS Group AG" within the total debt structure.
- Review the referenced registration statements (Form F-3 and Form S-8) to understand how this capitalization data impacts outstanding securities offerings.
- Check the Form 20-F for details on the specific drivers of the $9.9 billion increase in total debt issued during Q4 2020.