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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Assets      
Cash and balances at central banks $ 149,549 $ 139,258 $ 107,068
Loans and advances to banks 15,544 16,893 12,379
Receivables from securities financing transactions 85,271 89,648 84,245
Cash collateral receivables on derivative instruments 30,846 39,549 23,289
Loans and advances to customers 345,783 339,946 327,992
Other financial assets measured at amortized cost 27,324 23,907 23,012
Total financial assets measured at amortized cost 654,318 649,202 577,985
Financial assets at fair value held for trading 98,155 90,686 127,695
of which: assets pledged as collateral that may be sold or repledged by counterparties 38,505 31,192 41,285
Derivative financial instruments [1],[2],[3] 152,010 212,986 121,843
Brokerage receivables 19,848 20,319 18,007
Financial assets at fair value not held for trading 94,010 82,490 83,636
Total financial assets measured at fair value through profit or loss 364,023 406,482 351,181
Financial assets measured at fair value through other comprehensive income 8,624 7,653 6,345
Investments in associates 1,054 1,042 1,051
Property, equipment and software 11,889 11,812 11,826
Goodwill and intangible assets 6,414 6,407 6,469
Deferred tax assets 9,263 9,289 9,513
Other non-financial assets 7,849 7,299 7,547
Total assets 1,063,435 1,099,185 971,916
Liabilities      
Amounts due to banks 12,410 18,822 6,570
Payables from securities financing transactions 12,019 12,867 7,778
Cash collateral payables on derivative instruments 36,883 45,649 31,416
Customer deposits 477,145 468,422 450,591
Funding from UBS Group AG and its subsidiaries 49,701 [4] 49,192 47,866 [4]
Debt issued measured at amortized cost [5] 77,186 66,479 62,835
Other financial liabilities measured at amortized cost 10,103 10,462 10,373
Total financial liabilities measured at amortized cost 675,446 671,893 617,429
Financial liabilities at fair value held for trading 34,426 32,572 30,591
Derivative financial instruments [1],[2],[3] 152,280 206,654 120,880
Brokerage payables designated at fair value 40,248 37,652 37,233
Debt issued designated at fair value 57,644 53,040 66,592
Other financial liabilities designated at fair value 39,131 31,794 36,157
Total financial liabilities measured at fair value through profit or loss 323,729 361,713 291,452
Provisions 2,564 2,530 2,938
Other non-financial liabilities 6,106 5,065 6,168
Total liabilities 1,007,847 1,041,201 917,988
Equity      
Share capital 338 338 338
Share premium 24,657 24,663 24,659
Retained earnings 23,257 25,994 23,451
Other comprehensive income recognized directly in equity, net of tax 7,164 6,820 5,306
Equity attributable to shareholders 55,416 57,814 53,754
Equity attributable to non-controlling interests 173 169 174
Total equity 55,589 57,983 53,928
Total liabilities and equity $ 1,063,435 $ 1,099,185 $ 971,916
[1]
Derivative financial liabilities as of 30 June 2020 include USD 35 million related to derivative loan commitments (31 March 2020: USD 43 million; 31 December 2019: USD 17 million). No notional amounts related to these commitments are included in this table, but they are disclosed in Note 16, under Loan commitments
[2]
Financial assets and liabilities are presented net on the balance sheet if UBS AG has the unconditional and legally enforceable right to offset the recognized amounts, both in the normal course of business and in the event of default, bankruptcy or insolvency of the entity and all of the counterparties, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously.
[3]
Includes certain forward starting repurchase and reverse repurchase agreements that are classified as measured at fair value through profit or loss and are recognized within derivative instruments. The fair value of these derivative instruments was not material for any periods presented. No notional amounts related to these instruments are included in this table, but they are disclosed in Note 16, under Forward starting transactions.
[4]
Represents funding from UBS Group AG to UBS AG.
[5]
Net of bifurcated embedded derivatives, the fair value of which was not material for the periods presented.