XML 430 R121.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment reporting (Detail 2) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[2],[3],[4] $ 4,501 $ 5,048 $ 6,070
Non-interest income [1],[4] 24,467 25,283 23,683
Income [1] 28,967 30,330 29,754 [5]
Credit loss (expense) / recovery [1] (78) (118) (131)
Total operating income [1] 28,889 30,213 29,622
Personnel expenses [1] 16,084 16,132 16,199
General and administrative expenses [1] 5,288 6,797 6,949
Services (to) / from Corporate Center and other business divisions [1] 0 0 0
of which: services from Corporate Center [1] 0 0 0
Depreciation and impairment of property, equipment and software [1] 1,765 1,228 1,053
Amortization and impairment of goodwill and intangible assets [1] 175 65 71
Total operating expenses [1] 23,312 24,222 24,272
Operating profit / (loss) before tax [1] 5,577 5,991 5,351
Tax expense / (benefit) [1] 1,267 1,468 4,305
Net profit / (loss) [1] 4,310 4,522 1,046
Additional information      
Total assets [1] 972,183 958,489 939,279
Additions to non-current assets [1] 5,297 [6] 1,975 1,746
Newly recognized assets upon adoption of IFRS 16 that were allocated to business divisions 3,500    
Non-current assets included in newly recognized assets upon adoption of IFRS 16 that were allocated to business divisions 3,400    
Impairment of financial assets measured at fair value through other comprehensive income 0 0 15
Global Wealth Management      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[4] 3,947 4,101 3,880
Non-interest income [1],[4] 12,426 12,700 12,265
Income [1] 16,373 16,800 16,144 [5]
Credit loss (expense) / recovery [1] (20) (15) (8)
Total operating income [1] 16,353 16,785 16,136
Personnel expenses [1] 7,621 7,683 7,674
General and administrative expenses [1] 1,217 1,724 1,263
Services (to) / from Corporate Center and other business divisions [1] 4,056 4,070 3,926
of which: services from Corporate Center [1] 3,922 3,936 3,803
Depreciation and impairment of property, equipment and software [1] 5 4 4
Amortization and impairment of goodwill and intangible assets [1] 56 50 49
Total operating expenses [1] 12,955 13,531 12,917
Operating profit / (loss) before tax [1] 3,397 3,254 3,219
Additional information      
Total assets [1] 309,766 313,737 297,631
Additions to non-current assets [1] 68 [6] 196 120
Personal & Corporate Banking      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[4] 1,992 2,049 2,044
Non-interest income [1],[4] 1,744 2,168 1,814
Income [1] 3,736 4,217 3,859 [5]
Credit loss (expense) / recovery [1] (21) (56) (20)
Total operating income [1] 3,715 4,161 3,839
Personnel expenses [1] 856 803 852
General and administrative expenses [1] 224 285 296
Services (to) / from Corporate Center and other business divisions [1] 1,181 1,263 1,203
of which: services from Corporate Center [1] 1,294 1,367 1,321
Depreciation and impairment of property, equipment and software [1] 13 14 13
Amortization and impairment of goodwill and intangible assets [1] 0 0 0
Total operating expenses [1] 2,274 2,365 2,364
Operating profit / (loss) before tax [1] 1,441 1,796 1,475
Additional information      
Total assets [1] 209,405 200,703 197,258
Additions to non-current assets [1] 10 [6] 23 15
Asset Management      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[4] (25) (29) (23)
Non-interest income [1],[4] 1,962 1,881 2,100
Income [1] 1,938 1,852 2,077 [5]
Credit loss (expense) / recovery [1] 0 0 0
Total operating income [1] 1,938 1,852 2,077
Personnel expenses [1] 722 703 731
General and administrative expenses [1] 197 202 235
Services (to) / from Corporate Center and other business divisions [1] 486 518 543
of which: services from Corporate Center [1] 531 563 582
Depreciation and impairment of property, equipment and software [1] 1 2 1
Amortization and impairment of goodwill and intangible assets [1] 0 1 3
Total operating expenses [1] 1,406 1,426 1,514
Operating profit / (loss) before tax [1] 532 426 563
Additional information      
Total assets [1] 34,565 28,140 17,968
Additions to non-current assets [1] 0 [6] 1 1
Impairment of financial assets measured at fair value through other comprehensive income     12
Investment Bank      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[4] (669) (459) 234
Non-interest income [1],[4] 7,968 8,538 7,508
Income [1] 7,299 8,079 7,742 [5]
Credit loss (expense) / recovery [1] (30) (38) (92)
Total operating income [1] 7,269 8,041 7,650
Personnel expenses [1] 2,748 2,941 3,006
General and administrative expenses [1] 688 651 675
Services (to) / from Corporate Center and other business divisions [1] 2,926 2,942 2,860
of which: services from Corporate Center [1] 2,980 2,995 2,894
Depreciation and impairment of property, equipment and software [1] 8 8 10
Amortization and impairment of goodwill and intangible assets [1] 115 12 12
Total operating expenses [1] 6,485 6,554 6,563
Operating profit / (loss) before tax [1] 784 1,486 1,087
Additional information      
Total assets [1] 315,855 302,253 311,359
Additions to non-current assets [1] 1 [6] 89 3
Corporate Center      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[4] (744) (613) (64)
Non-interest income [1],[4] 367 (4) (4)
Income [1] (378) (617) (68) [5]
Credit loss (expense) / recovery [1] (7) (8) (11)
Total operating income [1] (385) (626) (80)
Personnel expenses [1] 4,137 4,002 3,935
General and administrative expenses [1] 2,962 3,935 4,479
Services (to) / from Corporate Center and other business divisions [1] (8,648) (8,793) (8,532)
of which: services from Corporate Center [1] (8,727) (8,861) (8,601)
Depreciation and impairment of property, equipment and software [1] 1,738 1,199 1,024
Amortization and impairment of goodwill and intangible assets [1] 4 2 7
Total operating expenses [1] 192 346 913
Operating profit / (loss) before tax [1] (577) (971) (993)
Additional information      
Total assets [1] 102,592 113,656 115,064
Additions to non-current assets [1] 5,217 [6] 1,666 1,607
UBS AG      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[7],[8],[9],[10] 4,415 4,971 6,021
Non-interest income [1],[10] 24,970 25,788 24,155
Income [1] 29,385 30,759 30,176 [5]
Credit loss (expense) / recovery [1],[9] (78) (117) (131)
Total operating income [1],[9] 29,307 30,642 30,044
Personnel expenses [1] 13,801 13,992 14,952
General and administrative expenses [1] 8,586 10,075 9,001
Services (to) / from Corporate Center and other business divisions [1] 0 0 0
of which: services from Corporate Center [1] 0 0 0
Depreciation and impairment of property, equipment and software [1] 1,576 1,052 945
Amortization and impairment of goodwill and intangible assets [1] 175 65 71
Total operating expenses [1] 24,138 25,184 24,969
Operating profit / (loss) before tax [1] 5,169 5,458 5,076
Tax expense / (benefit) [1] 1,198 1,345 4,242
Net profit / (loss) [1] 3,971 4,113 834
Additional information      
Total assets [1] 971,916 958,055 940,020
Additions to non-current assets [1] 5,014 [11] 1,757 1,648
Newly recognized assets upon adoption of IFRS 16 that were allocated to business divisions 3,400    
Non-current assets included in newly recognized assets upon adoption of IFRS 16 that were allocated to business divisions 3,300    
Impairment of financial assets measured at fair value through other comprehensive income 0 0 15
UBS AG | Global Wealth Management      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[10] 3,947 4,101 3,880
Non-interest income [1],[10] 12,426 12,700 12,265
Income [1] 16,373 16,801 16,145 [5]
Credit loss (expense) / recovery [1] (20) (15) (8)
Total operating income [1] 16,353 16,786 16,137
Personnel expenses [1] 7,618 7,680 7,679
General and administrative expenses [1] 1,283 1,771 1,308
Services (to) / from Corporate Center and other business divisions [1] 4,055 4,069 3,926
of which: services from Corporate Center [1] 3,922 3,935 3,803
Depreciation and impairment of property, equipment and software [1] 5 4 4
Amortization and impairment of goodwill and intangible assets [1] 56 50 49
Total operating expenses [1] 13,018 13,574 12,966
Operating profit / (loss) before tax [1] 3,335 3,212 3,171
Additional information      
Total assets [1] 309,766 313,737 297,631
Additions to non-current assets [1] 68 [11] 196 120
UBS AG | Personal & Corporate Banking      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[10] 1,993 2,049 2,044
Non-interest income [1],[10] 1,745 2,169 1,815
Income [1] 3,737 4,218 3,859 [5]
Credit loss (expense) / recovery [1] (21) (56) (20)
Total operating income [1] 3,717 4,162 3,839
Personnel expenses [1] 852 799 849
General and administrative expenses [1] 229 289 300
Services (to) / from Corporate Center and other business divisions [1] 1,179 1,261 1,200
of which: services from Corporate Center [1] 1,293 1,365 1,318
Depreciation and impairment of property, equipment and software [1] 13 14 13
Amortization and impairment of goodwill and intangible assets [1] 0 0 0
Total operating expenses [1] 2,274 2,363 2,363
Operating profit / (loss) before tax [1] 1,443 1,799 1,476
Additional information      
Total assets [1] 209,512 200,767 197,290
Additions to non-current assets [1] 10 [11] 23 15
UBS AG | Asset Management      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[10] (25) (29) (23)
Non-interest income [1],[10] 1,962 1,881 2,100
Income [1] 1,938 1,852 2,077 [5]
Credit loss (expense) / recovery [1] 0 0 0
Total operating income [1] 1,938 1,852 2,077
Personnel expenses [1] 720 702 731
General and administrative expenses [1] 201 206 238
Services (to) / from Corporate Center and other business divisions [1] 485 516 541
of which: services from Corporate Center [1] 530 561 580
Depreciation and impairment of property, equipment and software [1] 1 2 1
Amortization and impairment of goodwill and intangible assets [1] 0 1 3
Total operating expenses [1] 1,407 1,427 1,515
Operating profit / (loss) before tax [1] 531 425 562
Additional information      
Total assets [1] 34,565 28,140 17,968
Additions to non-current assets [1] 0 [11] 1 1
Impairment of financial assets measured at fair value through other comprehensive income     12
UBS AG | Investment Bank      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[10] (669) (459) 234
Non-interest income [1],[10] 7,967 8,539 7,508
Income [1] 7,298 8,080 7,742 [5]
Credit loss (expense) / recovery [1] (30) (38) (92)
Total operating income [1] 7,268 8,042 7,651
Personnel expenses [1] 2,732 2,936 3,007
General and administrative expenses [1] 738 706 728
Services (to) / from Corporate Center and other business divisions [1] 2,922 2,938 2,858
of which: services from Corporate Center [1] 2,976 2,991 2,892
Depreciation and impairment of property, equipment and software [1] 8 8 10
Amortization and impairment of goodwill and intangible assets [1] 115 12 12
Total operating expenses [1] 6,515 6,600 6,614
Operating profit / (loss) before tax [1] 753 1,442 1,036
Additional information      
Total assets [1] 316,058 302,434 311,477
Additions to non-current assets [1] 1 [11] 89 3
UBS AG | Corporate Center      
Disclosure Of Operating Segments [Line Items]      
Net interest income [1],[10] (831) (690) (114)
Non-interest income [1],[10] 869 499 466
Income [1] 38 (191) 352 [5]
Credit loss (expense) / recovery [1] 7 8 11
Total operating income [1] 31 (199) 341
Personnel expenses [1] 1,879 1,875 2,686
General and administrative expenses [1] 6,135 7,104 6,426
Services (to) / from Corporate Center and other business divisions [1] (8,642) (8,784) (8,525)
of which: services from Corporate Center [1] (8,721) (8,852) (8,593)
Depreciation and impairment of property, equipment and software [1] 1,549 1,023 916
Amortization and impairment of goodwill and intangible assets [1] 4 2 7
Total operating expenses [1] 925 1,220 1,510
Operating profit / (loss) before tax [1] (893) (1,419) (1,169)
Additional information      
Total assets [1] 102,017 112,977 115,654
Additions to non-current assets [1] $ 5,014 [11] $ 1,449 [12] $ 1,509
[1]
Comparative figures in this table have been restated for the changes in Corporate Center cost and resource allocation to the business divisions and the changes in the equity attribution framework. Refer to further discussion in this note and in Note 1b
[2]
Effective 1 January 2018, UBS adopted IFRS 9, Financial Instruments, which resulted in a prospective change in the classification of certain financial instruments. Refer to “Note 1c Changes in accounting policies and comparability and transition effects from the adoption of IFRS 9 Financial Instruments” in the “Consolidated financial statements” section of the Annual Report 2018 for more information.
[3]
Effective 1 January 2019, UBS refined the presentation of dividend income and expense, reclassifying dividends from Interest income (expense) from financial instruments measured at fair value through profit or loss to Other net income from financial instruments measured at fair value through profit or loss. Prior-year comparative information was restated accordingly. Refer to Note 1b for more information.
[4]
Effective 1 January 2019, UBS refined the presentation of dividend income and expense, reclassifying dividends from financial instruments measured at fair value through profit or loss from Net interest income to Non-interest income. Prior-period information was restated accordingly, with virtually all of the effect on the Group arising from the Investment Bank. Refer to Note 1b for more information.
[5]
Includes impairments of financial assets classified at fair value through other comprehensive income (prior to 2018 classified as financial assets available for sale) for the year ended 31 December 2017 of USD 15 million, of which USD 12 million was recorded in Asset Management.
[6]
Upon adoption of IFRS 16 on 1 January 2019, UBS additionally allocated approximately USD 3.5 billion of newly recognized assets to the business divisions, of which USD 3.4 billion related to non-current assets. Refer to Note 1b for more information.
[7]
Effective 1 January 2018, UBS AG adopted IFRS 9, Financial Instruments, which resulted in a prospective change in the classification of certain financial instruments. Refer to “Note 1c Changes in accounting policies and comparability and transition effects from the adoption of IFRS 9 Financial Instruments” in the “Consolidated financial statements” section of the Annual Report 2018 for more information.
[8]
Effective 1 January 2019, UBS AG refined the presentation of dividend income and expense, reclassifying dividends from Interest income (expense) from financial instruments measured at fair value through profit or loss to Other net income from financial instruments measured at fair value through profit or loss. Prior-year comparative information was restated accordingly. Refer to Note 1b for more information.
[9]
Effective 1 January 2019, UBS AG, UBS Switzerland AG and certain other subsidiaries refined the presentation of dividend income and expense, reclassifying dividends from Interest income (expense) to Other net income from financial instruments measured at fair value through profit or loss. Prior-year comparative information was restated accordingly. Refer to Note 1b for more information.
[10]
Effective 1 January 2019, UBS refined the presentation of dividend income and expense, reclassifying dividends from financial instruments measured at fair value through profit or loss from Net interest income to Non-interest income. Prior-period information was restated accordingly, with virtually all of the effect on UBS AG arising from the Investment Bank. Refer to Note 1b for more information.
[11]
Upon adoption of IFRS 16 on 1 January 2019, UBS AG additionally allocated approximately USD 3.4 billion of newly recognized assets to the business divisions, of which USD 3.3 billion related to non-current assets. Refer to Note 1b for more information.
[12]
Reflects the payment of an ordinary cash dividend of CHF 0.70 (2018: CHF 0.65; 2017: CHF 0.60) per dividend-bearing share out of the capital contribution reserve.