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Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Share capital
Share premium
Treasury shares
Retained earnings
Other comprehensive income recognized directly in equity, net of tax
of which: foreign currency translation
of which: financial assets at fair value through other comprehensive income
of which: cash flow hedges
Total equity attributable to shareholders
Non-controlling interests
UBS AG
UBS AG
Share capital
UBS AG
Share premium
UBS AG
Retained earnings
UBS AG
Other comprehensive income recognized directly in equity, net of tax
UBS AG
of which: foreign currency translation
UBS AG
of which: financial assets at fair value through other comprehensive income
UBS AG
of which: cash flow hedges
UBS AG
Total equity attributable to shareholders
UBS AG
Preferred noteholders
UBS AG
Non-controlling interests
Balance before the adoption of IFRS 9 and IFRS 15 at Dec. 31, 2016 $ 53,586 $ 338 $ 25,958 $ (2,362) $ 25,029 $ 3,953 [1] $ 2,901 $ 96 $ 955 $ 52,916 $ 670 $ 53,627 $ 338 $ 27,154 $ 21,480 $ 3,985 [1] $ 2,933 $ 96 $ 955 $ 52,957 $ 631 $ 39
Issuance of share capital 0                 0   0               0    
Acquisition of treasury shares (908)     (908) [2]           (908)                        
Delivery of treasury shares under share-based compensation plans 115   (879) 994           115                        
Other disposal of treasury shares 67   1 66 [2]           67                        
Premium on shares issued and warrants exercised 19   19             19   6   6           6    
Share-based compensation expensed in the income statement 735   735             735                        
Tax (expense) / benefit 21   21             21   16   16           16    
Dividends (2,337)   (2,259) [3]             (2,259) (77) (2,297)   (2,219)           (2,219) (73) (4)
Preferred notes (878)                 0 (878) (878)               0 (878)  
Translation effects recognized directly in retained earnings 0       (46) 46 [1]   7 39 0   0     (46) 46 [1]   7 39 0    
New consolidations / (deconsolidations) and other increases / (decreases) 18   1             1 17 (306)   (324)           (324)   18
Total comprehensive income for the year 2,113       949 838 [1] 1,564 (91) (635) 1,787 326 1,878     755 797 [1] 1,522 (91) (635) 1,552 320 6
of which: net profit / (loss) 1,046 [4]       969         969 77 834 [4]     758         758 73 4
of which: other comprehensive income (OCI) that may be reclassified to the income statement, net of tax 838         838 [1] 1,564 (91) (635) 838   797       797 [1] 1,522 (91) (635) 797    
of which: OCI that will not be reclassified to the income statement, net of tax - defined benefit plans 296       296         296   314     314         314    
of which: OCI that will not be reclassified to the income statement, net of tax - own credit (317)       (317)         (317)   (317)     (317)         (317)    
of which: OCI that will not be reclassified to the income statement, net of tax - foreign currency translation 250                 0 250 250               0 247 2
Balance before the adoption of IFRS 9 and IFRS 15 at Dec. 31, 2017 52,554 338 23,598 (2,210) 25,932 4,838 [1] 4,466 13 360 52,495 59 52,046 338 24,633 22,189 4,828 [1] 4,455 13 360 51,987 0 59
Balance before the adoption of IFRIC 23 at Dec. 31, 2017 51,938 338 23,598 (2,210) 25,389 4,764 [1] 4,466 (61) 360 51,879 59 51,429 338 24,633 21,646 4,754 4,455 (61) 360 51,370 0 59
Issuance of share capital 0 0               0   0               0    
Acquisition of treasury shares (1,608)     (1,608) [2]           (1,608)                        
Delivery of treasury shares under share-based compensation plans 128   (1,009) 1,137           128                        
Other disposal of treasury shares 50     50 [2]           50                        
Premium on shares issued and warrants exercised 22   22             22   34   34           34    
Share-based compensation expensed in the income statement 676   676             676                        
Tax (expense) / benefit 4   4             4   (5)   (5)           (5)    
Dividends (2,450)   (2,440) [3]             (2,440) (10) (3,108)     (3,098)         (3,098)   (10)
Translation effects recognized directly in retained earnings 0       (21) 21 [1]   3 18 0   0     (21) 21   3 18 0    
New consolidations / (deconsolidations) and other increases / (decreases) 115   (7)             (7) 122 115   (7)           (7)   122
Total comprehensive income for the year 4,231       5,080 (855) [1] (541) (45) (269) 4,225 5 3,967     4,790 (829) (515) (45) (269) 3,961 0 5
of which: net profit / (loss) 4,522 [4]       4,516         4,516 7 4,113 [4]     4,107         4,107   7
of which: other comprehensive income (OCI) that may be reclassified to the income statement, net of tax (855)         (855) [1] (541) (45) (269) (855)   (829)       (829) [1] (515) (45) (269) (829)    
of which: OCI that will not be reclassified to the income statement, net of tax - defined benefit plans 56       56         56   175     175         175    
of which: OCI that will not be reclassified to the income statement, net of tax - own credit 509       509         509   509     509         509    
of which: OCI that will not be reclassified to the income statement, net of tax - foreign currency translation (1)                 0 (1) (1)               0   (1)
Balance before the adoption of IFRIC 23 at Dec. 31, 2018 53,103 338 20,843 (2,631) 30,448 3,930 [1] 3,924 (103) 109 52,928 176 52,432 338 24,655 23,317 3,946 3,940 (103) 109 52,256 0 176
Balance at Dec. 31, 2018 53,092 338 20,843 (2,631) 30,437 3,930 [1] 3,924 (103) 109 52,917 176 52,421 338 24,655 23,306 3,946 3,940 (103) 109 52,245 0 176
Issuance of share capital 0                 0   0               0    
Acquisition of treasury shares (1,771)     (1,771) [2]           (1,771)                        
Delivery of treasury shares under share-based compensation plans 97   (886) 983           97                        
Other disposal of treasury shares 92   (2) 94 [2]           92                        
Premium on shares issued and warrants exercised 29   29             29   0   0           0    
Share-based compensation expensed in the income statement 619   619             619                        
Tax (expense) / benefit 11   11             11   11   11           11    
Dividends (2,552)   (2,544) [3]             (2,544) (8) (3,258)     (3,250)         (3,250)   (8)
Translation effects recognized directly in retained earnings 0       (9) 9   0 9 0   0     (9) 9 [1]   0 9 0    
New consolidations / (deconsolidations) and other increases / (decreases) (1)   (6)             (6) 5 (3)   (7)           (7)   5
Total comprehensive income for the year 5,091       3,726 1,363 [1] 104 117 1,143 5,089 2 4,756     3,403 1,351 [1] 92 117 1,143 4,754 0 2
of which: net profit / (loss) 4,310 [4]       4,304         4,304 6 3,971 [4]     3,965         3,965   6
of which: other comprehensive income (OCI) that may be reclassified to the income statement, net of tax 1,363         1,363 [1] 104 117 1,143 1,363   1,351       1,351 [1] 92 117 1,143 1,351    
of which: OCI that will not be reclassified to the income statement, net of tax - defined benefit plans (186)       (186)         (186)   (170)     (170)         (170)    
of which: OCI that will not be reclassified to the income statement, net of tax - own credit (392)       (392)         (392)   (392)     (392)         (392)    
of which: OCI that will not be reclassified to the income statement, net of tax - foreign currency translation (4)                 0 (4) (4)               0   (4)
Balance at Dec. 31, 2019 $ 54,707 $ 338 $ 18,064 $ (3,326) $ 34,154 $ 5,303 [1] $ 4,028 $ 14 $ 1,260 $ 54,533 $ 174 $ 53,928 $ 338 $ 24,659 $ 23,451 $ 5,306 [1] $ 4,032 $ 14 $ 1,260 $ 53,754 $ 0 $ 174
[1]
Excludes defined benefit plans and own credit that are recorded directly in Retained earnings
[2]
Includes treasury shares acquired and disposed of by the Investment Bank in its capacity as a market-maker with regard to UBS shares and related derivatives, and to hedge certain issued structured debt instruments. These acquisitions and disposals are reported based on the sum of the net monthly movements.
[3]
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.
[4]
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