Business Context and Reporting Period
This Form 6-K filing by UBS Group AG and UBS AG, dated April 30, 2021, provides capitalization data as of March 31, 2021. The report is prepared in accordance with International Financial Reporting Standards (IFRS) and serves as a supplement to the annual report on Form 20-F for the year ended December 31, 2020, and the first quarter 2021 report.
Key Financial Metrics
The filing presents consolidated capitalization figures in US dollars. Specific revenue, profit, cash flow, or margin data are not included in this specific document.
| Capitalization Item (USD Million) | As of March 31, 2021 | As of December 31, 2020 |
|---|---|---|
| Short-term debt issued | 87,871 | 81,457 |
| Long-term debt issued | 123,866 | 119,116 |
| Total debt issued | 211,737 | 200,573 |
| Equity attributable to UBS AG shareholders | 57,446 | 57,754 |
| Equity attributable to non-controlling interests | 307 | 319 |
| Total capitalization | 269,490 | 258,646 |
Material Changes
- Total Debt: Increased by approximately $11.2 billion (5.6%) from $200.6 billion to $211.7 billion.
- Short-term Debt: Rose by $6.4 billion to $87.9 billion.
- Long-term Debt: Rose by $4.8 billion to $123.9 billion.
- Shareholder Equity: Decreased slightly by $308 million to $57.4 billion.
- Total Capitalization: Increased by $10.8 billion to $269.5 billion.
Guidance, Outlook, and Risks
This specific filing does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies. It references the Form 20-F annual report and the Q1 2021 Form 6-K for broader operational context and disclosures.
Investor Verification Checklist
- Verify the full Q1 2021 financial results (revenue, net income, and cash flow) in the separate Q1 2021 Form 6-K referenced in this document.
- Review the annual Form 20-F for detailed risk factors and liquidity analysis not present in this capitalization summary.
- Confirm the composition of the $59.6 billion in "Funding from UBS Group AG" included within total debt.
- Assess the impact of the $11.2 billion increase in total debt on the company's leverage ratios and cost of funding.