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 July 26, 2019. The filing provides consolidated capitalization data as of June 30, 2019, prepared in accordance with International Financial Reporting Standards (IFRS) in US dollars. It serves as a supplement to the annual report on Form 20-F for the year ended December 31, 2018, and the first and second quarter 2019 reports.
Key Financial Metrics
The filing details the consolidated capitalization structure but does not provide revenue, profit, cash flow, or margin data.
| Capitalization Item (USD Million) | As of June 30, 2019 | As of March 31, 2019 |
|---|---|---|
| Short-term debt issued | 73,779 | 75,097 |
| Long-term debt issued | 69,884 | 75,716 |
| Total debt issued | 143,664 | 150,813 |
| Equity attributable to UBS AG shareholders | 52,359 | 53,216 |
| Equity attributable to non-controlling interests | 170 | 173 |
| Total capitalization | 196,192 | 204,202 |
Material Changes Versus Prior Period
- Debt Reduction: Total debt issued decreased by $7,149 million (approximately 4.7%) from March 31, 2019, to June 30, 2019. This reduction was driven by decreases in both short-term debt ($1,318 million) and long-term debt ($5,832 million).
- Equity Decline: Equity attributable to UBS AG shareholders decreased by $857 million to $52,359 million.
- Total Capitalization: Total capitalization declined by $8,010 million to $196,192 million.
Guidance, Outlook, and Risks
This specific filing does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies and unusual items. It strictly presents capitalization figures and incorporates by reference other registration statements and prospectuses for additional disclosures.
Investor Verification Checklist
- Verify the full Q2 2019 financial results (revenue, net income, and cash flow) in the separate Form 6-K filed on July 26, 2019, as this document only covers capitalization.
- Review the annual report on Form 20-F for the year ended December 31, 2018, for comprehensive risk factors and business context.
- Confirm the composition of short-term and long-term debt to understand maturity profiles and interest rate exposures.
- Investigate the specific drivers behind the $857 million reduction in shareholder equity during the quarter.