Business Context and Reporting Period
This Form 6-K is a report of foreign private issuers UBS Group AG and UBS AG, filed on March 6, 2023. The filing provides consolidated capitalization data as of December 31, 2022, 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, 2022.
Key Financial Metrics
The filing details the consolidated capitalization of UBS AG. Specific revenue, profit, cash flow, and margin figures are not provided in this document; investors should refer to the referenced Form 20-F for those metrics.
| Capitalization Item (USD millions) | As of Dec 31, 2022 | As of Sep 30, 2022 |
|---|---|---|
| Short-term debt issued | 65,103 | 58,494 |
| Long-term debt issued | 124,181 | 121,968 |
| Total debt issued | 189,284 | 180,463 |
| Funding from UBS Group AG | 57,943 | 57,342 |
| Equity attributable to UBS AG shareholders | 56,598 | 54,610 |
| Equity attributable to non-controlling interests | 342 | 330 |
| Total capitalization | 246,225 | 235,404 |
Material Changes
Comparing the period ended December 31, 2022, to September 30, 2022:
- Total Debt Issued: Increased by $8,821 million (from $180,463 million to $189,284 million).
- Short-term Debt: Increased by $6,609 million.
- Long-term Debt: Increased by $2,213 million.
- Shareholder Equity: Increased by $1,988 million (from $54,610 million to $56,598 million).
- Total Capitalization: Increased by $10,821 million.
Guidance, Outlook, and Risks
This specific filing does not contain management commentary, forward-looking guidance, 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. For outlook and risk disclosures, the annual report on Form 20-F filed on the same date should be consulted.
Investor Verification Checklist
- Verify the full annual financial results (revenue, net income, cash flow) in the Form 20-F filed March 6, 2023, as they are not included here.
- 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. 333-263376) to understand how this capitalization data impacts outstanding securities offerings.
- Check the Form 20-F for details on the drivers behind the $8.8 billion increase in total debt over the quarter.