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Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Line Items]      
Interest income from financial instruments measured at amortized cost and fair value through other comprehensive income $ 8,810 $ 10,684 $ 10,100
Interest expense from financial instruments measured at amortized cost (4,247) (7,194) (6,391)
Net interest income from financial instruments measured at fair value through profit or loss 1,299 1,011 1,338
Net interest income 5,862 4,501 5,048
Other net income from financial instruments measured at fair value through profit or loss 6,960 6,842 6,960
Credit loss (expense) / release (694) (78) (118)
Fee and commission income [1] 20,961 19,110 19,598
Fee and commission expense (1,775) (1,696) (1,703)
Net fee and commission income 19,186 17,413 17,895
Other income 1,076 212 428
Total operating income 32,390 28,889 [2] 30,213 [2]
Personnel expenses 17,224 16,084 16,132
General and administrative expenses 4,885 5,288 6,797
Depreciation and impairment of property, equipment and software 2,069 1,765 1,228
Amortization and impairment of goodwill and intangible assets 57 175 65
Total operating expenses 24,235 23,312 24,222
Operating profit / (loss) before tax 8,155 5,577 5,991
Tax expense / (benefit) 1,583 1,267 1,468
Net profit / (loss) 6,572 4,310 4,522
Net profit / (loss) attributable to non-controlling interests 15 6 7
Net profit / (loss) attributable to shareholders $ 6,557 $ 4,304 $ 4,516
Earnings per share      
Basic $ 1.83 $ 1.17 $ 1.21
Diluted $ 1.77 $ 1.14 $ 1.18
UBS AG      
Income Statement [Line Items]      
Interest income from financial instruments measured at amortized cost and fair value through other comprehensive income $ 8,816 $ 10,703 $ 10,121
Interest expense from financial instruments measured at amortized cost (4,333) (7,303) (6,494)
Net interest income from financial instruments measured at fair value through profit or loss 1,305 1,015 1,344
Net interest income 5,788 4,415 4,971
Other net income from financial instruments measured at fair value through profit or loss 6,930 6,833 6,953
Credit loss (expense) / release (695) (78) (117)
Fee and commission income [3] 20,982 19,156 19,632
Fee and commission expense (1,775) (1,696) (1,703)
Net fee and commission income 19,207 17,460 17,930
Other income 1,549 677 905
Total operating income 32,780 29,307 [2] 30,642 [2]
Personnel expenses 14,686 13,801 13,992
General and administrative expenses 8,486 8,586 10,075
Depreciation and impairment of property, equipment and software 1,851 1,576 1,052
Amortization and impairment of goodwill and intangible assets 57 175 65
Total operating expenses 25,081 24,138 25,184
Operating profit / (loss) before tax 7,699 5,169 5,458
Tax expense / (benefit) 1,488 1,198 1,345
Net profit / (loss) 6,211 3,971 4,113
Net profit / (loss) attributable to non-controlling interests 15 6 7
Net profit / (loss) attributable to shareholders $ 6,196 $ 3,965 $ 4,107
[1]
For the year ended 31 December 2020, reflects third-party fee and commission income of USD 12,475 million for Global Wealth Management, USD 1,426 million for Personal & Corporate Banking, USD 3,129 million for Asset Management, USD 3,882 million for the Investment Bank and USD 49 million for Group Functions (for the year ended 31 December 2019: USD 11,694 million for Global Wealth Management, USD 1,307 million for Personal & Corporate Banking, USD 2,659 million for Asset Management, USD 3,355 million for the Investment Bank and USD 94 million for Group Functions; for the year ended 31 December 2018: USD 12,059 million for Global Wealth Management, USD 1,338 million for Personal & Corporate Banking, USD 2,579 million for Asset Management, USD 3,525 million for the Investment Bank and USD 97 million for Group Functions).
[2]
Effective as of 1 January 2020, the Investment Bank was realigned into two new business lines, Global Banking and Global Markets, which affects how the business is managed and therefore the allocation of operating income to the regions. The presentation of prior-year information reflects the new regional management structure of the Investment Bank.
[3]
For the year ended 31 December 2020, reflects third-party fee and commission income of USD 12,475 million for Global Wealth Management, USD 1,427 million for Personal & Corporate Banking, USD 3,129 million for Asset Management, USD 3,901 million for the Investment Bank and USD 50 million for Group Functions (for the year ended 31 December 2019: USD 11,694 million for Global Wealth Management, USD 1,307 million for Personal & Corporate Banking, USD 2,659 million for Asset Management, USD 3,397 million for the Investment Bank and USD 98 million for Group Functions; for the year ended 31 December 2018: USD 12,059 million for Global Wealth Management, USD 1,338 million for Personal & Corporate Banking, USD 2,579 million for Asset Management, USD 3,557 million for the Investment Bank and USD 100 million for Group Functions).