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Share Name | Share Symbol | Market | Type |
---|---|---|---|
UBS Group AG | NYSE:UBS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.41 | 1.53% | 27.23 | 27.24 | 26.975 | 27.13 | 2,124,016 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Date: July 31, 2015
UBS Group AG
Commission File Number: 1-36764
UBS AG
Commission File Number: 1-15060
(Registrants Names)
Bahnhofstrasse 45, Zurich, Switzerland
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Explanatory Note
UBS produces regular quarterly reports, which are filed with the SEC under Form 6-K. These reports are prepared in accordance with International Financial Reporting Standards (IFRS). SEC regulations require certain additional disclosure to be included in registration statements relating to offerings of securities. Certain of this additional disclosure was included with UBSs second quarter 2015 report submitted to the SEC on Form 6-K on 28 July 2015, and additional disclosure follows herein. This information should be read in conjunction with UBSs annual report on Form 20-F for the year ended 31 December 2014, filed with the SEC on 13 March 2015, as well as UBSs first quarter 2015 report and second quarter report 2015 submitted to the SEC on Forms 6-K on 5 May 2015 and 28 July 2015, respectively.
Note 20 Supplemental guarantor information required under SEC regulations
1 |
Introduction
Note 20 Supplemental guarantor information required under SEC regulations (continued)
Supplemental guarantor consolidated income statement |
| |||||||||||||||||||||||||||
CHF million For the six months ended 30 June 2015 |
|
UBS
AG (standalone)1 |
|
|
UBS Switzerland AG (standalone)1 |
|
|
UBS Americas Inc.2 |
|
|
UBS Preferred Funding Trust IV & V |
|
|
Other subsidiaries2 |
|
|
Elimination entries |
|
|
UBS AG (consolidated) |
| |||||||
Operating income |
||||||||||||||||||||||||||||
Interest income |
5,056 | 1,121 | 824 | 31 | 745 | (1,193 | ) | 6,583 | ||||||||||||||||||||
Interest expense |
(3,311 | ) | (286 | ) | (320 | ) | 0 | (674 | ) | 1,137 | (3,454 | ) | ||||||||||||||||
Net interest income |
1,745 | 835 | 504 | 31 | 71 | (57 | ) | 3,129 | ||||||||||||||||||||
Credit loss (expense)/recovery |
(26 | ) | (5 | ) | 4 | 0 | 3 | (6 | ) | (29 | ) | |||||||||||||||||
Net interest income after credit loss expense | 1,719 | 830 | 507 | 31 | 75 | (62 | ) | 3,100 | ||||||||||||||||||||
Net fee and commission income |
2,094 | 873 | 3,721 | 0 | 2,193 | (49 | ) | 8,832 | ||||||||||||||||||||
Net trading income |
4,064 | 233 | 142 | 0 | 152 | (851 | ) | 3,741 | ||||||||||||||||||||
Other income |
(624 | ) | 208 | 378 | 0 | (601 | ) | 1,612 | 972 | |||||||||||||||||||
Total operating income |
7,253 | 2,144 | 4,747 | 31 | 1,819 | 650 | 16,644 | |||||||||||||||||||||
Operating expenses |
||||||||||||||||||||||||||||
Personnel expenses |
3,851 | 534 | 3,193 | 0 | 719 | 0 | 8,297 | |||||||||||||||||||||
General and administrative expenses | 491 | 769 | 1,435 | 0 | 774 | 0 | 3,470 | |||||||||||||||||||||
Depreciation and impairment of property, equipment and software | 313 | 4 | 75 | 0 | 38 | 0 | 429 | |||||||||||||||||||||
Amortization and impairment of intangible assets | 11 | 0 | 41 | 0 | 6 | 0 | 58 | |||||||||||||||||||||
Total operating expenses |
4,666 | 1,307 | 4,743 | 0 | 1,537 | 0 | 12,254 | |||||||||||||||||||||
Operating profit/(loss) before tax | 2,587 | 837 | 4 | 31 | 282 | 650 | 4,391 | |||||||||||||||||||||
Tax expense/(benefit) |
690 | 207 | (1 | ) | 0 | 213 | 3 | 1,112 | ||||||||||||||||||||
Net profit/(loss) |
1,897 | 630 | 5 | 31 | 68 | 647 | 3,278 | |||||||||||||||||||||
Net profit/(loss) attributable to preferred noteholders | 76 | 0 | 0 | 31 | 0 | (31 | ) | 76 | ||||||||||||||||||||
Net profit/(loss) attributable to non-controlling interests | 0 | 0 | 0 | 0 | 1 | 0 | 1 | |||||||||||||||||||||
Net profit/(loss) attributable to shareholders | 1,821 | 630 | 5 | 0 | 67 | 678 | 3,201 |
1 Amounts presented for UBS AG (standalone) and UBS Switzerland AG (standalone) represent IFRS-standalone information. Refer to the Supplemental information (unaudited) for UBS AG (standalone) section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP. Refer to the Financial information section of the UBS Group second quarter 2015 report for UBS Switzerland AG (standalone) interim financial statements prepared in accordance with Swiss GAAP. 2 Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.
2 |
Note 20 Supplemental guarantor information required under SEC regulations (continued)
Supplemental guarantor consolidated statement of comprehensive income |
| |||||||||||||||||||||||||||
CHF million For the six months ended 30 June 2015 |
|
UBS
AG (standalone)1 |
|
|
UBS Switzerland AG (standalone)1 |
|
|
UBS Americas Inc.2 |
|
|
UBS Preferred Funding Trust IV & V |
|
|
Other subsidiaries2 |
|
|
Elimination entries |
|
|
UBS AG (consolidated) |
| |||||||
Comprehensive income attributable to shareholders | ||||||||||||||||||||||||||||
Net profit/(loss) |
1,821 | 630 | 5 | 0 | 67 | 678 | 3,201 | |||||||||||||||||||||
Other comprehensive income |
||||||||||||||||||||||||||||
Other comprehensive income that may be reclassified to the income statement | ||||||||||||||||||||||||||||
Foreign currency translation, net of tax | (225 | ) | 0 | (90 | ) | 0 | (595 | ) | (666 | ) | (1,577 | ) | ||||||||||||||||
Financial investments available-for-sale, net of tax | (60 | ) | 3 | (8 | ) | 0 | (5 | ) | 2 | (67 | ) | |||||||||||||||||
Cash flow hedges, net of tax |
(402 | ) | (156 | ) | 0 | 0 | 0 | 29 | (530 | ) | ||||||||||||||||||
Total other comprehensive income that may be reclassified to the income statement, net of tax | (687 | ) | (153 | ) | (98 | ) | 0 | (600 | ) | (635 | ) | (2,173 | ) | |||||||||||||||
Other comprehensive income that will not be reclassified to the income statement | ||||||||||||||||||||||||||||
Defined benefit plans, net of tax |
476 | (348 | ) | 8 | 0 | 20 | (18 | ) | 138 | |||||||||||||||||||
Property revaluation surplus, net of tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Total other comprehensive income that will not be reclassified to the income statement, net of tax | 476 | (348 | ) | 8 | 0 | 20 | (18 | ) | 138 | |||||||||||||||||||
Total other comprehensive income | (211 | ) | (501 | ) | (89 | ) | 0 | (580 | ) | (654 | ) | (2,035 | ) | |||||||||||||||
Total comprehensive income attributable to shareholders | 1,610 | 129 | (84 | ) | 0 | (513 | ) | 24 | 1,166 | |||||||||||||||||||
Total comprehensive income attributable to preferred noteholders | (98 | ) | 0 | 0 | (47 | ) | 0 | 47 | (98 | ) | ||||||||||||||||||
Total comprehensive income attributable to non-controlling interests | 0 | 0 | 0 | 0 | (2 | ) | 0 | (2 | ) | |||||||||||||||||||
Total comprehensive income |
1,513 | 129 | (84 | ) | (47 | ) | (515 | ) | 71 | 1,066 |
1 Amounts presented for UBS AG (standalone) and UBS Switzerland AG (standalone) represent IFRS-standalone information. Refer to the Supplemental information (unaudited) for UBS AG (standalone) section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP. Refer to the Financial information section of the UBS Group second quarter 2015 report for UBS Switzerland AG (standalone) interim financial statements prepared in accordance with Swiss GAAP. 2 Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.
3 |
Introduction
Note 20 Supplemental guarantor information required under SEC regulations (continued)
Supplemental guarantor consolidated balance sheet |
| |||||||||||||||||||||||||||
CHF million As of 30 June 2015 |
|
UBS
AG (standalone)1 |
|
|
UBS Switzerland AG (standalone)1 |
|
|
UBS Americas Inc.2 |
|
|
UBS Preferred Funding Trust IV & V |
|
|
Other subsidiaries2 |
|
|
Elimination entries |
|
|
UBS AG (consolidated) |
| |||||||
Assets |
||||||||||||||||||||||||||||
Cash and balances with central banks | 47,542 | 31,195 | 1,947 | 0 | 3,961 | 0 | 84,646 | |||||||||||||||||||||
Due from banks |
45,717 | 16,748 | 12,226 | 0 | 37,409 | (98,757 | ) | 13,343 | ||||||||||||||||||||
Cash collateral on securities borrowed | 29,373 | 7,852 | 38,632 | 0 | 6,320 | (54,487 | ) | 27,689 | ||||||||||||||||||||
Reverse repurchase agreements | 66,015 | 21,853 | 22,523 | 0 | 12,271 | (61,814 | ) | 60,848 | ||||||||||||||||||||
Trading portfolio assets |
88,929 | 3,409 | 6,895 | 1,223 | 33,950 | (5,920 | ) | 128,486 | ||||||||||||||||||||
of which: assets pledged as collateral which may be sold or repledged by counterparties |
43,177 | 0 | 3,510 | 0 | 9,408 | (5,552 | ) | 50,544 | ||||||||||||||||||||
Positive replacement values |
179,402 | 6,759 | 17,281 | 0 | 36,058 | (65,819 | ) | 173,681 | ||||||||||||||||||||
Cash collateral receivables on derivative instruments | 20,453 | 1,294 | 5,657 | 0 | 12,159 | (14,721 | ) | 24,842 | ||||||||||||||||||||
Financial assets designated at fair value | 5,301 | 0 | 268 | 0 | 2,878 | (3,361 | ) | 5,087 | ||||||||||||||||||||
Loans |
98,000 | 190,994 | 43,010 | 0 | 15,476 | (31,998 | ) | 315,482 | ||||||||||||||||||||
Financial investments available-for-sale | 28,753 | 24,009 | 5,177 | 0 | 8,832 | 0 | 66,771 | |||||||||||||||||||||
Investments in subsidiaries and associates | 36,650 | 7 | 1 | 0 | 1 | (35,751 | ) | 908 | ||||||||||||||||||||
Property, equipment and software | 5,995 | 21 | 833 | 0 | 201 | 0 | 7,050 | |||||||||||||||||||||
Goodwill and intangible assets | 352 | 0 | 5,004 | 0 | 892 | (6 | ) | 6,242 | ||||||||||||||||||||
Deferred tax assets |
2,657 | 1,001 | 6,113 | 0 | 282 | (52 | ) | 10,000 | ||||||||||||||||||||
Other assets |
14,319 | 1,540 | 11,361 | 0 | 2,835 | (3,604 | ) | 26,451 | ||||||||||||||||||||
Total assets |
669,459 | 306,684 | 176,927 | 1,223 | 173,525 | (376,290 | ) | 951,528 | ||||||||||||||||||||
Liabilities |
||||||||||||||||||||||||||||
Due to banks |
41,896 | 33,344 | 32,540 | 3 | 4,247 | (98,760 | ) | 13,270 | ||||||||||||||||||||
Cash collateral on securities lent | 33,954 | 2,525 | 25,459 | 0 | 3,201 | (54,487 | ) | 10,652 | ||||||||||||||||||||
Repurchase agreements |
36,526 | 13,270 | 13,135 | 0 | 11,915 | (61,814 | ) | 13,032 | ||||||||||||||||||||
Trading portfolio liabilities |
20,530 | 217 | 4,612 | 0 | 10,668 | (3,804 | ) | 32,224 | ||||||||||||||||||||
Negative replacement values |
177,008 | 6,633 | 16,957 | 0 | 36,423 | (65,819 | ) | 171,202 | ||||||||||||||||||||
Cash collateral payables on derivative instruments | 30,728 | 193 | 6,463 | 0 | 15,939 | (14,721 | ) | 38,603 | ||||||||||||||||||||
Financial liabilities designated at fair value | 65,104 | 0 | 104 | 0 | 5,167 | (4,008 | ) | 66,366 | ||||||||||||||||||||
Due to customers |
95,472 | 229,562 | 45,721 | 0 | 43,755 | (32,123 | ) | 382,387 | ||||||||||||||||||||
Debt issued |
84,447 | 8,194 | 4,548 | 0 | 271 | (205 | ) | 97,255 | ||||||||||||||||||||
Provisions |
1,858 | 200 | 1,250 | 0 | 286 | 0 | 3,594 | |||||||||||||||||||||
Other liabilities |
31,344 | 2,663 | 14,989 | 31 | 24,027 | (3,675 | ) | 69,380 | ||||||||||||||||||||
Total liabilities |
618,868 | 296,802 | 165,778 | 35 | 155,899 | (339,416 | ) | 897,966 | ||||||||||||||||||||
Equity attributable to shareholders | 48,751 | 9,882 | 11,149 | (27 | ) | 17,589 | (35,659 | ) | 51,685 | |||||||||||||||||||
Equity attributable to preferred noteholders | 1,840 | 0 | 0 | 1,216 | 0 | (1,216 | ) | 1,840 | ||||||||||||||||||||
Equity attributable to non-controlling interests | 0 | 0 | 0 | 0 | 38 | 0 | 38 | |||||||||||||||||||||
Total equity |
50,590 | 9,882 | 11,149 | 1,189 | 17,627 | (36,875 | ) | 53,562 | ||||||||||||||||||||
Total liabilities and equity |
669,459 | 306,684 | 176,927 | 1,223 | 173,525 | (376,290 | ) | 951,528 |
1 Amounts presented for UBS AG (standalone) and UBS Switzerland AG (standalone) represent IFRS-standalone information. Refer to the Supplemental information (unaudited) for UBS AG (standalone) section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP. Refer to the Financial information section of the UBS Group second quarter 2015 report for UBS Switzerland AG (standalone) interim financial statements prepared in accordance with Swiss GAAP. 2 Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.
4 |
Note 20 Supplemental guarantor information required under SEC regulations (continued)
Supplemental guarantor consolidated statement of cash flows |
| |||||||||||||||||||
CHF million For the six months ended 30 June 2015 |
UBS AG1 | |
UBS Switzerland AG1 |
|
|
UBS Americas Inc.1 |
|
|
Other subsidiaries1 |
|
|
UBS AG (consolidated) |
| |||||||
Net cash flow from/(used in) operating activities |
(6,610 | ) | (1,556 | ) | (4,625 | ) | 2,383 | (10,408 | ) | |||||||||||
Cash flow from/(used in) investing activities |
||||||||||||||||||||
Purchase of subsidiaries, associates and intangible assets |
(37 | ) | 0 | (1 | ) | 0 | (38 | ) | ||||||||||||
Disposal of subsidiaries, associates and intangible assets2 |
172 | 0 | 12 | 5 | 190 | |||||||||||||||
Purchase of property, equipment and software |
(606 | ) | 0 | (134 | ) | (55 | ) | (795 | ) | |||||||||||
Disposal of property, equipment and software |
504 | 0 | 4 | 13 | 520 | |||||||||||||||
Net (investment in)/divestment of financial investments available-for-sale | (17,562 | ) | 1,794 | 72 | 147 | (15,549 | ) | |||||||||||||
Net cash flow from/(used in) investing activities |
(17,529 | ) | 1,794 | (48 | ) | 110 | (15,673 | ) | ||||||||||||
Cash flow from/(used in) financing activities |
||||||||||||||||||||
Net short-term debt issued/(repaid) |
4,438 | 0 | 881 | 33 | 5,353 | |||||||||||||||
Dividends paid on UBS shares |
(1,632 | ) | 0 | 0 | 0 | (1,632 | ) | |||||||||||||
Issuance of long-term debt, including financial liabilities designated at fair value | 32,649 | 328 | 0 | 228 | 33,204 | |||||||||||||||
Repayment of long-term debt, including financial liabilities designated at fair value | (23,982 | ) | (46 | ) | (18 | ) | (998 | ) | (25,044 | ) | ||||||||||
Dividends paid and repayments of preferred notes |
(77 | ) | 0 | 0 | 0 | (77 | ) | |||||||||||||
Net changes of non-controlling interests |
0 | 0 | 0 | (5 | ) | (5 | ) | |||||||||||||
Net activity in investments in subsidiaries3 |
(33,111 | ) | 33,283 | 0 | (172 | ) | 0 | |||||||||||||
Net cash flow from/(used in) financing activities |
(21,715 | ) | 33,564 | 863 | (914 | ) | 11,799 | |||||||||||||
Effects of exchange rate differences on cash and cash equivalents |
(4,320 | ) | (4 | ) | (583 | ) | (689 | ) | (5,595 | ) | ||||||||||
Net increase/(decrease) in cash and cash equivalents |
(50,173 | ) | 33,798 | (4,392 | ) | 891 | (19,876 | ) | ||||||||||||
Cash and cash equivalents at the beginning of the period |
100,662 | 0 | 8,960 | 7,093 | 116,715 | |||||||||||||||
Cash and cash equivalents at the end of the period |
50,489 | 33,798 | 4,568 | 7,983 | 96,838 | |||||||||||||||
Cash and cash equivalents comprise: |
||||||||||||||||||||
Cash and balances with central banks |
47,542 | 31,195 | 1,947 | 3,961 | 84,646 | |||||||||||||||
Due from banks4 |
2,577 | 2,601 | 2,526 | 4,016 | 11,720 | |||||||||||||||
Money market paper5 |
370 | 2 | 95 | 6 | 473 | |||||||||||||||
Total |
50,489 | 33,798 | 4,568 | 7,983 | 96,838 | 6 |
1 Cash flows generally represent a third-party view from a UBS AG (consolidated) perspective. As a consequence, the non-consolidated UBS Preferred Funding Trusts IV and V are not presented in this table. For the six months ended 30 June 2015, these trusts had cash inflows of CHF 77 million from operating activities and an equivalent cash outflow for dividends paid to preferred note holders. 2 Includes dividends received from associates. 3 Includes transfer of cash and cash equivalents from UBS AG to UBS Switzerland AG of CHF 33,283 million. Refer to Changes in legal structure in the Financial information section of the UBS Group second quarter 2015 report for more information on the business transfer from UBS AG to UBS Switzerland AG. 4 Includes positions recognized in the balance sheet under Due from banks and Cash collateral receivables on derivative instruments. 5 Money market paper is included in the balance sheet under Trading portfolio assets and Financial investments available-for-sale. 6 CHF 3,404 million of cash and cash equivalents were restricted.
5 |
Introduction
Note 20 Supplemental guarantor information required under SEC regulations (continued)
Supplemental guarantor consolidated income statement |
| |||||||||||||||||||
CHF million For the six months ended 30 June 2014 |
|
UBS AG (standalone)1 |
|
|
UBS Americas Inc.2 |
|
|
Other subsidiaries2 |
|
|
Elimination entries |
|
|
UBS AG (consolidated) |
| |||||
Operating income |
||||||||||||||||||||
Interest income |
5,786 | 775 | 556 | (589 | ) | 6,528 | ||||||||||||||
Interest expense |
(3,569 | ) | (298 | ) | (436 | ) | 588 | (3,714 | ) | |||||||||||
Net interest income |
2,217 | 477 | 120 | (1 | ) | 2,814 | ||||||||||||||
Credit loss (expense)/recovery |
5 | 7 | 0 | 2 | 14 | |||||||||||||||
Net interest income after credit loss expense |
2,223 | 484 | 120 | 2 | 2,829 | |||||||||||||||
Net fee and commission income |
3,233 | 3,503 | 1,716 | (44 | ) | 8,408 | ||||||||||||||
Net trading income |
2,119 | 325 | 113 | 146 | 2,704 | |||||||||||||||
Other income |
724 | (20 | ) | (263 | ) | 24 | 465 | |||||||||||||
Total operating income |
8,299 | 4,292 | 1,686 | 128 | 14,405 | |||||||||||||||
Operating expenses |
||||||||||||||||||||
Personnel expenses |
4,213 | 2,849 | 747 | 0 | 7,809 | |||||||||||||||
General and administrative expenses |
1,872 | 1,114 | 564 | 0 | 3,550 | |||||||||||||||
Depreciation and impairment of property, equipment and software |
287 | 68 | 40 | 0 | 396 | |||||||||||||||
Amortization and impairment of intangible assets |
3 | 29 | 8 | 0 | 39 | |||||||||||||||
Total operating expenses |
6,375 | 4,061 | 1,359 | 0 | 11,794 | |||||||||||||||
Operating profit/(loss) before tax |
1,924 | 232 | 327 | 128 | 2,611 | |||||||||||||||
Tax expense/(benefit) |
474 | 14 | 163 | 1 | 652 | |||||||||||||||
Net profit/(loss) |
1,450 | 218 | 164 | 127 | 1,958 | |||||||||||||||
Net profit/(loss) attributable to preferred noteholders |
111 | 0 | 0 | 0 | 111 | |||||||||||||||
Net profit/(loss) attributable to non-controlling interests |
0 | 0 | 2 | 0 | 2 | |||||||||||||||
Net profit/(loss) attributable to shareholders |
1,340 | 218 | 162 | 127 | 1,846 |
1 Amounts presented for UBS AG (standalone) represent IFRS-standalone information. Refer to the Supplemental information (unaudited) for UBS AG (standalone) section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP. 2 Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.
6 |
Note 20 Supplemental guarantor information required under SEC regulations (continued)
Supplemental guarantor consolidated statement of comprehensive income |
| |||||||||||||||||||
CHF million For the six months ended 30 June 2014 |
|
UBS AG (standalone)1 |
|
|
UBS Americas Inc.2 |
|
|
Other subsidiaries2 |
|
|
Elimination entries |
|
|
UBS AG (consolidated) |
| |||||
Comprehensive income attributable to shareholders |
||||||||||||||||||||
Net profit/(loss) |
1,340 | 218 | 162 | 127 | 1,846 | |||||||||||||||
Other comprehensive income |
||||||||||||||||||||
Other comprehensive income that may be reclassified to the income statement | ||||||||||||||||||||
Foreign currency translation, net of tax |
(19 | ) | 250 | 117 | (435 | ) | (87 | ) | ||||||||||||
Financial investments available-for-sale, net of tax |
(3 | ) | 59 | (2 | ) | (7 | ) | 47 | ||||||||||||
Cash flow hedges, net of tax |
472 | 0 | 0 | 0 | 472 | |||||||||||||||
Total other comprehensive income that may be reclassified to the income statement, net of tax | 450 | 309 | 115 | (443 | ) | 432 | ||||||||||||||
Other comprehensive income that will not be reclassified to the income statement | ||||||||||||||||||||
Defined benefit plans, net of tax |
415 | (31 | ) | (24 | ) | 10 | 370 | |||||||||||||
Property revaluation surplus, net of tax |
0 | 0 | 0 | 0 | 0 | |||||||||||||||
Total other comprehensive income that will not be reclassified to the income statement, net of tax | 415 | (31 | ) | (24 | ) | 10 | 370 | |||||||||||||
Total other comprehensive income |
865 | 278 | 92 | (433 | ) | 801 | ||||||||||||||
Total comprehensive income attributable to shareholders |
2,205 | 496 | 254 | (306 | ) | 2,648 | ||||||||||||||
Total comprehensive income attributable to preferred noteholders |
96 | 0 | 0 | 0 | 96 | |||||||||||||||
Total comprehensive income attributable to non-controlling interests |
0 | 0 | 3 | 0 | 3 | |||||||||||||||
Total comprehensive income |
2,301 | 496 | 256 | (306 | ) | 2,746 |
1 Amounts presented for UBS AG (standalone) represent IFRS-standalone information. Refer to the Supplemental information (unaudited) for UBS AG (standalone) section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP. 2 Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.
7 |
Introduction
Note 20 Supplemental guarantor information required under SEC regulations (continued)
Supplemental guarantor consolidated balance sheet |
| |||||||||||||||||||
CHF million As of 31 December 2014 |
|
UBS AG (standalone)1 |
|
|
UBS Americas Inc.2 |
|
|
Other subsidiaries2 |
|
|
Elimination entries |
|
|
UBS AG (consolidated) |
| |||||
Assets |
||||||||||||||||||||
Cash and balances with central banks |
95,711 | 6,440 | 1,923 | 0 | 104,073 | |||||||||||||||
Due from banks |
32,448 | 7,099 | 52,637 | (78,850 | ) | 13,334 | ||||||||||||||
Cash collateral on securities borrowed |
33,676 | 36,033 | 5,181 | (50,827 | ) | 24,063 | ||||||||||||||
Reverse repurchase agreements |
64,496 | 24,417 | 30,328 | (50,827 | ) | 68,414 | ||||||||||||||
Trading portfolio assets |
101,922 | 6,697 | 34,479 | (4,943 | ) | 138,156 | ||||||||||||||
of which: assets pledged as collateral which may be sold or repledged by counterparties |
51,476 | 3,310 | 6,969 | (5,737 | ) | 56,018 | ||||||||||||||
Positive replacement values |
262,073 | 19,597 | 51,327 | (76,020 | ) | 256,978 | ||||||||||||||
Cash collateral receivables on derivative instruments |
25,501 | 5,503 | 14,487 | (14,512 | ) | 30,979 | ||||||||||||||
Financial assets designated at fair value |
4,691 | 481 | 2,882 | (3,562 | ) | 4,493 | ||||||||||||||
Loans |
299,032 | 43,566 | 16,553 | (43,168 | ) | 315,984 | ||||||||||||||
Financial investments available-for-sale |
42,580 | 5,403 | 9,175 | 0 | 57,159 | |||||||||||||||
Investments in subsidiaries and associates |
27,163 | 2 | 1 | (26,239 | ) | 927 | ||||||||||||||
Property, equipment and software |
5,792 | 823 | 238 | 0 | 6,854 | |||||||||||||||
Goodwill and intangible assets |
354 | 5,381 | 1,051 | 0 | 6,785 | |||||||||||||||
Deferred tax assets |
4,290 | 6,479 | 349 | (57 | ) | 11,060 | ||||||||||||||
Other assets |
14,649 | 9,021 | 2,256 | (2,857 | ) | 23,069 | ||||||||||||||
Total assets |
1,014,379 | 176,942 | 222,867 | (351,860 | ) | 1,062,327 | ||||||||||||||
Liabilities |
||||||||||||||||||||
Due to banks |
38,461 | 38,269 | 12,611 | (78,850 | ) | 10,492 | ||||||||||||||
Cash collateral on securities lent |
33,284 | 22,961 | 3,761 | (50,827 | ) | 9,180 | ||||||||||||||
Repurchase agreements |
22,087 | 12,548 | 28,010 | (50,827 | ) | 11,818 | ||||||||||||||
Trading portfolio liabilities |
18,936 | 4,856 | 8,234 | (4,068 | ) | 27,958 | ||||||||||||||
Negative replacement values |
258,680 | 19,448 | 51,993 | (76,020 | ) | 254,101 | ||||||||||||||
Cash collateral payables on derivative instruments |
32,106 | 5,926 | 18,852 | (14,512 | ) | 42,372 | ||||||||||||||
Financial liabilities designated at fair value |
73,857 | 130 | 5,598 | (4,288 | ) | 75,297 | ||||||||||||||
Due to customers |
362,564 | 48,236 | 43,474 | (43,294 | ) | 410,979 | ||||||||||||||
Debt issued |
86,894 | 157 | 4,312 | (156 | ) | 91,207 | ||||||||||||||
Provisions |
2,725 | 1,268 | 372 | 0 | 4,366 | |||||||||||||||
Other liabilities |
33,699 | 17,615 | 21,985 | (2,907 | ) | 70,392 | ||||||||||||||
Total liabilities |
963,293 | 171,415 | 199,201 | (325,748 | ) | 1,008,162 | ||||||||||||||
Equity attributable to shareholders |
49,073 | 5,527 | 23,621 | (26,113 | ) | 52,108 | ||||||||||||||
Equity attributable to preferred noteholders |
2,013 | 0 | 0 | 0 | 2,013 | |||||||||||||||
Equity attributable to non-controlling interests |
0 | 0 | 45 | 0 | 45 | |||||||||||||||
Total equity |
51,085 | 5,527 | 23,666 | (26,113 | ) | 54,165 | ||||||||||||||
Total liabilities and equity |
1,014,379 | 176,942 | 222,867 | (351,860 | ) | 1,062,327 |
1 Amounts presented for UBS AG (standalone) represent IFRS-standalone information. Refer to the Supplemental information (unaudited) for UBS AG (standalone) section of this report for UBS AG (standalone) financial information prepared in accordance with Swiss GAAP. 2 Amounts presented in these columns serve as a basis for preparing UBS AG (consolidated) financial statements in accordance with IFRS.
8 |
Note 20 Supplemental guarantor information required under SEC regulations (continued)
Supplemental guarantor consolidated statement of cash flows |
||||||||||||||||
CHF million For the six months ended 30 June 2014 |
UBS AG1 | |
UBS Americas Inc.1 |
|
|
Other subsidiaries1 |
|
|
UBS AG (consolidated) |
| ||||||
Net cash flow from/(used in) operating activities |
5,234 | (2,244 | ) | 2,809 | 5,799 | |||||||||||
Cash flow from/(used in) investing activities |
||||||||||||||||
Purchase of subsidiaries, associates and intangible assets |
0 | 0 | 0 | 0 | ||||||||||||
Disposal of subsidiaries, associates and intangible assets2 |
23 | 9 | 20 | 52 | ||||||||||||
Purchase of property, equipment and software |
(644 | ) | (114 | ) | (28 | ) | (787 | ) | ||||||||
Disposal of property, equipment and software |
91 | 9 | 2 | 102 | ||||||||||||
Net (investment in)/divestment of financial investments available-for-sale |
8,551 | 195 | (2,804 | ) | 5,942 | |||||||||||
Net cash flow from/(used in) investing activities |
8,020 | 99 | (2,811 | ) | 5,308 | |||||||||||
Cash flow from/(used in) financing activities |
||||||||||||||||
Net short-term debt issued/(repaid) |
(2,020 | ) | 0 | (137 | ) | (2,157 | ) | |||||||||
Net movements in treasury shares and own equity derivative activity |
(722 | ) | 0 | 0 | (722 | ) | ||||||||||
Dividends paid on UBS shares |
(938 | ) | 0 | 0 | (938 | ) | ||||||||||
Issuance of long-term debt, including financial liabilities designated at fair value |
17,826 | 0 | 230 | 18,056 | ||||||||||||
Repayment of long-term debt, including financial liabilities designated at fair value |
(19,020 | ) | (469 | ) | (221 | ) | (19,711 | ) | ||||||||
Dividends paid and repayment of preferred notes |
(81 | ) | 0 | 0 | (81 | ) | ||||||||||
Net changes in non-controlling interests |
0 | 0 | (4 | ) | (4 | ) | ||||||||||
Net activity in investments in subsidiaries |
(632 | ) | 0 | 632 | 0 | |||||||||||
Net cash flow from/(used in) financing activities |
(5,589 | ) | (470 | ) | 500 | (5,559 | ) | |||||||||
Effects of exchange rate differences on cash and cash equivalents |
8 | (68 | ) | (73 | ) | (131 | ) | |||||||||
Net increase/(decrease) in cash and cash equivalents |
7,674 | (2,682 | ) | 426 | 5,418 | |||||||||||
Cash and cash equivalents at the beginning of the period |
77,123 | 11,249 | 7,911 | 96,284 | ||||||||||||
Cash and cash equivalents at the end of the period |
84,798 | 8,567 | 8,337 | 101,702 | ||||||||||||
Cash and cash equivalents comprise: |
||||||||||||||||
Cash and balances with central banks |
68,633 | 6,231 | 2,750 | 77,615 | ||||||||||||
Due from banks3 |
14,606 | 2,303 | 5,481 | 22,391 | ||||||||||||
Money market paper4 |
1,558 | 32 | 105 | 1,695 | ||||||||||||
Total |
84,798 | 8,567 | 8,337 | 101,702 | 5 |
1 Cash flows generally represent a third-party view from a UBS AG (consolidated) perspective. 2 Includes dividends received from associates. 3 Includes positions recognized in the balance sheet under Due from banks and Cash collateral receivables on derivative instruments with bank counterparties. 4 Money market paper is included in the balance sheet under Trading portfolio assets and Financial investments available-for-sale. 5 CHF 3,580 million of cash and cash equivalents were restricted.
9 |
This Form 6-K is hereby incorporated by reference into (1) each of the registration statements of UBS AG on Form F-3 (Registration Number 333-200212) and of UBS Group AG on Form S-8 (Registration Numbers 333-200634; 333-200635; 333-200641; and 333-200665) and Form F-4 (Registration Number 333-199011) and into each prospectus outstanding under any of the foregoing registration statements, (2) any outstanding offering circular or similar document issued or authorized by UBS AG that incorporates by reference any Form 6-Ks of UBS AG that are incorporated into its registration statements filed with the SEC, and (3) the base prospectus of Corporate Asset Backed Corporation (CABCO) dated June 23, 2004 (Registration Number 333-111572), the Form 8-K of CABCO filed and dated June 23, 2004 (SEC File Number 001-13444), and the Prospectus Supplements relating to the CABCO Series 2004-101 Trust dated May 10, 2004 and May 17, 2004 (Registration Number 033-91744 and 033-91744-05).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
UBS Group AG | ||
By: |
/s/ Sergio Ermotti | |
Name: |
Sergio Ermotti | |
Title |
Group Chief Executive Officer | |
By: |
/s/ Tom Naratil | |
Name: |
Tom Naratil | |
Title |
Group Chief Financial Officer | |
UBS AG | ||
By: |
/s/ Sergio Ermotti | |
Name: |
Sergio Ermotti | |
Title |
Group Chief Executive Officer | |
By: |
/s/ Tom Naratil | |
Name: |
Tom Naratil | |
Title |
Group Chief Financial Officer |
Date: July 31, 2015
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