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Supplemental guarantor consolidated balance sheet (Detail) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Assets      
Cash and balances at central banks $ 107,068 $ 108,370  
Loans and advances to banks 12,447 16,868  
Receivables from securities financing transactions 84,245 95,349  
Cash collateral receivables on derivative instruments 23,289 23,602  
Loans and advances to customers 326,786 320,352  
Other financial assets measured at amortized cost 22,980 22,563  
Total financial assets measured at amortized cost 576,815 587,104  
Financial assets at fair value held for trading 127,514 104,370  
of which: assets pledged as collateral that may be sold or repledged by counterparties 41,285 32,121  
Derivative financial instruments [1],[2],[3] 121,841 126,210  
Brokerage receivables 18,007 16,840  
Financial assets at fair value not held for trading [4] 83,944 82,690  
Total financial assets measured at fair value through profit or loss 351,307 330,110  
Financial assets measured at fair value through other comprehensive income [5] 6,345 6,667  
Investments in subsidiaries 1,051 1,099 $ 1,045
Property, equipment and software 12,804 9,348  
Goodwill and intangible assets 6,469 6,647  
Deferred tax assets [6] 9,537 10,105  
Other non-financial assets 7,856 7,410  
Total assets [7] 972,183 958,489 939,279
Liabilities      
Amounts due to banks 6,570 10,962  
Payables from securities financing transactions 7,778 10,296  
Cash collateral payables on derivative instruments 31,415 28,906  
Customer deposits 448,284 419,838  
Debt issued measured at amortized cost [8] 110,497 132,271  
Other financial liabilities measured at amortized cost 9,712 6,885  
Total financial liabilities measured at amortized cost 614,256 609,158  
Financial liabilities at fair value held for trading [9],[10],[11] 30,591 28,943  
Derivative financial instruments [1],[2],[3],[9],[11] 120,880 125,723  
Brokerage payables designated at fair value 37,233 38,420  
Other financial liabilities designated at fair value [12] 35,940 33,594  
Debt issued designated at fair value 66,809 57,031  
Total financial liabilities measured at fair value through profit or loss 291,452 283,711  
Provisions 2,974 3,494  
Other non-financial liabilities 8,794 9,022  
Total liabilities 917,476 905,386  
Equity      
Equity attributable to shareholders 54,533 52,928  
Equity attributable to non-controlling interests 174 176  
Total equity 54,707 53,092  
Total equity before the adoption of IFRIC 23   53,103 51,938
Total liabilities and equity 972,183 958,489  
UBS AG (consolidated)      
Assets      
Cash and balances at central banks 107,068 108,370  
Loans and advances to banks 12,379 16,642  
Receivables from securities financing transactions 84,245 95,349  
Cash collateral receivables on derivative instruments 23,289 23,603  
Loans and advances to customers 327,992 321,482  
Other financial assets measured at amortized cost 23,012 22,637  
Total financial assets measured at amortized cost 577,985 588,084  
Financial assets at fair value held for trading 127,695 104,513  
of which: assets pledged as collateral that may be sold or repledged by counterparties 41,285 32,121  
Derivative financial instruments [1],[3],[13] 121,843 126,212  
Brokerage receivables 18,007 16,840  
Financial assets at fair value not held for trading [4] 83,636 82,387  
Total financial assets measured at fair value through profit or loss 351,181 329,953  
Financial assets measured at fair value through other comprehensive income [5] 6,345 6,667  
Investments in subsidiaries 1,051 1,099 1,045
Property, equipment and software 11,826 [14],[15] 8,479  
Goodwill and intangible assets 6,469 6,647  
Deferred tax assets [6] 9,513 10,066  
Other non-financial assets 7,547 7,062  
Total assets [7] 971,916 958,055 940,020
Liabilities      
Amounts due to banks 6,570 10,962  
Payables from securities financing transactions 7,778 10,296  
Cash collateral payables on derivative instruments 31,416 28,906  
Customer deposits 450,591 421,986  
Funding from UBS Group AG and its subsidiaries [16],[17],[18] 47,866 41,202  
Debt issued measured at amortized cost [8] 62,835 91,245  
Other financial liabilities measured at amortized cost 10,373 7,576  
Total financial liabilities measured at amortized cost 617,429 612,174  
Financial liabilities at fair value held for trading 30,591 28,949  
Derivative financial instruments [1],[3],[13] 120,880 125,723  
Brokerage payables designated at fair value 37,233 38,420  
Other financial liabilities designated at fair value [12] 36,157 33,594  
Debt issued designated at fair value 66,592 57,031  
Total financial liabilities measured at fair value through profit or loss 291,452 283,717  
Provisions 2,938 3,457  
Other non-financial liabilities 6,168 6,275  
Total liabilities 917,988 905,624  
Equity      
Equity attributable to shareholders 53,754 52,256  
Equity attributable to non-controlling interests 174 176  
Total equity 53,928 52,421  
Total equity before the adoption of IFRIC 23   52,432 $ 51,429
Total liabilities and equity 971,916 958,055  
UBS AG (consolidated) | Elimination entries      
Assets      
Loans and advances to banks (45,931) (45,978)  
Receivables from securities financing transactions (27,771) (54,932)  
Cash collateral receivables on derivative instruments (9,038) (12,240)  
Loans and advances to customers (17,612) (21,838)  
Other financial assets measured at amortized cost (2,327) (1,869)  
Total financial assets measured at amortized cost (102,679) (136,857)  
Financial assets at fair value held for trading (1,479) (3,911)  
of which: assets pledged as collateral that may be sold or repledged by counterparties (22,701) (24,714)  
Derivative financial instruments (30,899) (35,972)  
Brokerage receivables (1) (2)  
Financial assets at fair value not held for trading (14,498) (16,566)  
Total financial assets measured at fair value through profit or loss (46,877) (56,451)  
Investments in subsidiaries (50,227) (49,922)  
Property, equipment and software (385) (24)  
Goodwill and intangible assets 35 (56)  
Deferred tax assets   52  
Other non-financial assets (140) 14  
Total assets (200,273) (243,244)  
Liabilities      
Amounts due to banks (113,181) (94,618)  
Payables from securities financing transactions (27,696) (55,008)  
Cash collateral payables on derivative instruments (9,027) (12,118)  
Customer deposits 38,861 16,994  
Debt issued measured at amortized cost (70) (573)  
Other financial liabilities measured at amortized cost (2,842) (1,838)  
Total financial liabilities measured at amortized cost (113,954) (147,161)  
Financial liabilities at fair value held for trading (1,317) (3,828)  
Derivative financial instruments (30,852) (36,025)  
Brokerage payables designated at fair value (3) (14)  
Other financial liabilities designated at fair value (3,445) (5,959)  
Debt issued designated at fair value (38) (17)  
Total financial liabilities measured at fair value through profit or loss (35,655) (45,843)  
Provisions   83  
Other non-financial liabilities 34 47  
Total liabilities (149,576) (192,875)  
Equity      
Equity attributable to shareholders (50,697) (50,369)  
Total equity (50,697) (50,369)  
Total liabilities and equity (200,273) (243,244)  
UBS AG (consolidated) | UBS AG (standalone) | Reportable legal entities      
Assets      
Cash and balances at central banks 36,386 [19] 36,350 [20]  
Loans and advances to banks 32,888 [19] 34,063 [20]  
Receivables from securities financing transactions 56,946 [19] 70,028 [20]  
Cash collateral receivables on derivative instruments 22,830 [19] 23,136 [20]  
Loans and advances to customers 88,386 [19] 93,141 [20]  
Other financial assets measured at amortized cost 5,723 [19] 4,696 [20]  
Total financial assets measured at amortized cost 243,159 [19] 261,415 [20]  
Financial assets at fair value held for trading 113,802 [19] 92,784 [20]  
of which: assets pledged as collateral that may be sold or repledged by counterparties 58,599 [19] 49,509 [20]  
Derivative financial instruments 118,708 [19] 119,590 [20]  
Brokerage receivables 11,453 [19] 11,063  
Financial assets at fair value not held for trading 49,525 [19] 50,592 [20]  
Total financial assets measured at fair value through profit or loss 293,488 [19] 274,030 [20]  
Financial assets measured at fair value through other comprehensive income 176 [19] 171 [20]  
Investments in subsidiaries 51,212 [19] 50,971 [20]  
Property, equipment and software 7,318 [19] 6,546 [20]  
Goodwill and intangible assets 222 [19] 308 [20]  
Deferred tax assets 618 [19] 533 [20]  
Other non-financial assets 5,060 [19] 4,623 [20]  
Total assets 601,252 [19] 598,598 [20]  
Liabilities      
Amounts due to banks 55,738 [19] 36,430 [20]  
Payables from securities financing transactions 21,326 [19] 36,840 [20]  
Cash collateral payables on derivative instruments 30,571 [19] 28,096 [20]  
Customer deposits 85,954 [19] 77,180 [20]  
Funding from UBS Group AG and its subsidiaries [17] 47,866 [19] 41,202 [20]  
Debt issued measured at amortized cost 54,317 [19] 82,653 [20]  
Other financial liabilities measured at amortized cost 5,345 [19] 4,170 [20]  
Total financial liabilities measured at amortized cost 301,117 [19] 306,571 [20]  
Financial liabilities at fair value held for trading 25,292 [19] 23,455 [20]  
Derivative financial instruments 117,597 [19] 119,131 [20]  
Brokerage payables designated at fair value 25,358 [19] 26,559  
Other financial liabilities designated at fair value 8,571 [19] 10,936 [20]  
Debt issued designated at fair value 65,677 [19] 55,378 [20]  
Total financial liabilities measured at fair value through profit or loss 242,495 [19] 235,458 [20]  
Provisions 1,101 [19] 1,361 [20]  
Other non-financial liabilities 1,644 [19] 1,676 [20]  
Total liabilities 546,357 [19] 545,067 [20]  
Equity      
Equity attributable to shareholders 54,895 [19] 53,531 [20]  
Total equity 54,895 [19] 53,531 [20]  
Total liabilities and equity 601,252 [19] 598,598 [20]  
UBS AG (consolidated) | UBS Switzerland AG (standalone) | Reportable legal entities      
Assets      
Cash and balances at central banks 60,926 [19] 53,490 [20]  
Loans and advances to banks 7,992 [19] 7,405 [20]  
Receivables from securities financing transactions 12,536 [19] 28,637 [20]  
Cash collateral receivables on derivative instruments 990 [19] 559 [20]  
Loans and advances to customers 193,543 [19] 188,013 [20]  
Other financial assets measured at amortized cost 8,168 [19] 8,564 [20]  
Total financial assets measured at amortized cost 284,154 [19] 286,667 [20]  
Financial assets at fair value held for trading 53 [19] 62 [20]  
of which: assets pledged as collateral that may be sold or repledged by counterparties 0 [19] 0 [20]  
Derivative financial instruments 4,251 [19] 3,834 [20]  
Financial assets at fair value not held for trading 6,701 [19] 7,177 [20]  
Total financial assets measured at fair value through profit or loss 11,004 [19] 11,073 [20]  
Investments in subsidiaries 28 [19] 20 [20]  
Property, equipment and software 1,144 [19] 242 [20]  
Deferred tax assets 0 [19] 198 [20]  
Other non-financial assets 1,770 [19] 1,659 [20]  
Total assets 298,101 [19] 299,860 [20]  
Liabilities      
Amounts due to banks 28,240 [19] 24,774 [20]  
Payables from securities financing transactions 565 [19] 1,167 [20]  
Cash collateral payables on derivative instruments 98 [19] 35 [20]  
Customer deposits 239,226 [19] 245,452 [20]  
Debt issued measured at amortized cost 8,583 [19] 8,578 [20]  
Other financial liabilities measured at amortized cost 2,666 [19] 1,454 [20]  
Total financial liabilities measured at amortized cost 279,379 [19] 281,460 [20]  
Financial liabilities at fair value held for trading 383 [19] 493 [20]  
Derivative financial instruments 4,046 [19] 3,510 [20]  
Total financial liabilities measured at fair value through profit or loss 4,429 [19] 4,004 [20]  
Provisions 196 [19] 163 [20]  
Other non-financial liabilities 931 [19] 929 [20]  
Total liabilities 284,936 [19] 286,556 [20]  
Equity      
Equity attributable to shareholders 13,165 [19] 13,304 [20]  
Total equity 13,165 [19] 13,304 [20]  
Total liabilities and equity 298,101 [19] 299,860 [20]  
UBS AG (consolidated) | Other subsidiaries | Reportable legal entities      
Assets      
Cash and balances at central banks 9,756 [21] 18,530 [22]  
Loans and advances to banks 17,430 [21] 21,151 [22]  
Receivables from securities financing transactions 42,534 [21] 51,617 [22]  
Cash collateral receivables on derivative instruments 8,508 [21] 12,148 [22]  
Loans and advances to customers 63,676 [21] 62,166 [22]  
Other financial assets measured at amortized cost 11,448 [21] 11,247 [22]  
Total financial assets measured at amortized cost 153,351 [21] 176,858 [22]  
Financial assets at fair value held for trading 15,320 [21] 15,578 [22]  
of which: assets pledged as collateral that may be sold or repledged by counterparties 5,386 [21] 7,326 [22]  
Derivative financial instruments 29,782 [21] 38,760 [22]  
Brokerage receivables 6,556 [21] 5,779  
Financial assets at fair value not held for trading 41,908 [21] 41,184 [22]  
Total financial assets measured at fair value through profit or loss 93,565 [21] 101,300 [22]  
Financial assets measured at fair value through other comprehensive income 6,169 [21] 6,495 [22]  
Investments in subsidiaries 39 [21] 31 [22]  
Property, equipment and software 3,749 [21] 1,714 [22]  
Goodwill and intangible assets 6,212 [21] 6,395 [22]  
Deferred tax assets 8,895 [21] 9,282 [22]  
Other non-financial assets 857 [21] 766 [22]  
Total assets 272,837 [21] 302,842 [22]  
Liabilities      
Amounts due to banks 35,773 [21] 44,377 [22]  
Payables from securities financing transactions 13,583 [21] 27,297 [22]  
Cash collateral payables on derivative instruments 9,773 [21] 12,894 [22]  
Customer deposits 86,550 [21] 82,360 [22]  
Debt issued measured at amortized cost 5 [21] 587 [22]  
Other financial liabilities measured at amortized cost 5,204 [21] 3,790 [22]  
Total financial liabilities measured at amortized cost 150,888 [21] 171,305 [22]  
Financial liabilities at fair value held for trading 6,233 [21] 8,829 [22]  
Derivative financial instruments 30,089 [21] 39,107 [22]  
Brokerage payables designated at fair value 11,877 [21] 11,875  
Other financial liabilities designated at fair value 31,031 [21] 28,618 [22]  
Debt issued designated at fair value 952 [21] 1,670 [22]  
Total financial liabilities measured at fair value through profit or loss 80,184 [21] 90,098 [22]  
Provisions 1,641 [21] 1,850 [22]  
Other non-financial liabilities 3,559 [21] 3,623 [22]  
Total liabilities 236,271 [21] 266,876 [22]  
Equity      
Equity attributable to shareholders 36,391 [21] 35,790 [22]  
Equity attributable to non-controlling interests 174 [21] 176 [22]  
Total equity 36,566 [21] 35,966 [22]  
Total liabilities and equity $ 272,837 [21] $ 302,842 [22]  
[1]
Derivative financial liabilities as of 31 December 2019 include USD 17 million related to derivative loan commitments (31 December 2018: USD 17 million). No notional amounts related to these commitments are included in this table, but they are disclosed in Note 34 under Loan commitments
[2]
Financial assets and liabilities are presented net on the balance sheet if UBS 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. Refer to Note 25 for more information on netting arrangements.
[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 as of 31 December 2019 or 31 December 2018. No notional amounts related to these instruments are included in this table, but they are disclosed in Note 34 under Forward starting transactions.
[4]
Refer to Note 24c for more information on product type and fair value hierarchy categorization.
[5]
Refer to Note 24c for more information on product type and fair value hierarchy categorization. Refer also to Note 10 and Note 23 for more information on expected credit loss measurement.
[6]
Less deferred tax liabilities as applicable.
[7]
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
[8]
Net of bifurcated embedded derivatives, the fair value of which was not material for the periods presented.
[9]
Carrying amount is fair value. Management believes that this best represents the cash flows that would have to be paid if these positions had to be settled or closed out. Refer to Note 28 for undiscounted cash flows of derivatives designated in hedge accounting relationships.
[10]
Contractual maturities of financial liabilities at fair value held for trading are: USD 30 billion due within 1 month (2018: USD 28.3 billion), USD 0.6 billion due between 1 month and 1 year (2018: USD 0.6 billion) and USD 0 billion due between 1 and 5 years (2018: USD 0 billion).
[11]
Except for financial liabilities at fair value held for trading and derivative financial instruments (see footnote 3), the amounts presented generally represent undiscounted cash flows of future interest and principal payments
[12]
As of 31 December 2019 and 31 December 2018, the contractual redemption amount at maturity of other financial liabilities designated at fair value through profit or loss was not materially different from the carrying amount.
[13]
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. Refer to Note 25 for more information on netting arrangements.
[14]
Consists of USD 744 million related to Internally generated software, USD 101 million related to Owned properties and USD 98 million related to Leasehold improvements.
[15]
Reflects reclassifications to Properties held for sale.
[16]
All balances in 2019 are against UBS Group AG as counterparty. Prior year balances were against UBS Group Funding (Switzerland) AG as counterparty
[17]
Represents funding from UBS Group AG to UBS AG.
[18]
UBS AG has also recognized funding from UBS Group AG and its subsidiaries that is designated at fair value. Refer to Note 22b for more information.
[19]
Amounts presented for UBS AG standalone and UBS Switzerland AG standalone represent IFRS standalone information. Refer to the UBS AG standalone and UBS Switzerland AG standalone financial statements under “Complementary financial information” at www.ubs.com/investors for information prepared in accordance with Swiss GAAP
[20]
Amounts presented for UBS AG standalone and UBS Switzerland AG standalone represent IFRS standalone information. Refer to the UBS AG standalone and UBS Switzerland AG standalone financial statements under “Complementary financial information” at www.ubs.com/investors for information prepared in accordance with Swiss GAAP
[21]
The column ”Other subsidiaries“ includes consolidated information for the significant sub-groups UBS Americas Holding LLC, UBS Europe SE and UBS Asset Management AG, as well as standalone information for other subsidiaries.
[22]
The column ”Other subsidiaries“ includes consolidated information for the significant sub-groups UBS Americas Holding LLC, UBS Europe SE, UBS Asset Management AG and UBS Limited, as well as standalone information for other subsidiaries.