XML 343 R225.htm IDEA: XBRL DOCUMENT v3.20.4
Interests in associates and joint ventures (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Disclosure Of Investments In Associates And Joint Ventures [Line Items]      
Carrying amount at the beginning of the year $ 1,051 $ 1,099  
Additions [1] 388 0  
Disposals 0 0  
Share of comprehensive income 83 25  
of which: share of net profit 84 [2],[3] 46 [2] $ 529 [4]
of which: share of other comprehensive income [5] (1) (21)  
Share of changes in retained earnings (40) 0  
Dividends received (33) (83)  
Impairment 0 (1)  
Foreign currency translation 108 11  
Carrying amount at the end of the year 1,557 1,051 1,099
of which: associates 1,513 1,010  
of which: joint ventures 44 41  
Share of profit (loss) of associates 64 28  
Share of profit (loss) of joint ventures 19 18  
Share of other comprehensive income of associates (1) (22)  
Share of other comprehensive income of joint ventures   1  
SIX Group AG, Zurich      
Disclosure Of Investments In Associates And Joint Ventures [Line Items]      
of which: associates [6] $ 965 887  
UBS's equity interest 17.31%    
Share of profit (loss) of associates related to valuation gains $ 26   460
Clearstream Fund Centre AG      
Disclosure Of Investments In Associates And Joint Ventures [Line Items]      
of which: associates [1] $ 399    
Decrease in proportion of ownership in subsidiaries that result in loss of control 51.20%    
UBS's equity interest 48.80%    
Gains (losses) on the sale of subsidiaries $ 631    
Other associates      
Disclosure Of Investments In Associates And Joint Ventures [Line Items]      
of which: associates 150 123  
UBS AG      
Disclosure Of Investments In Associates And Joint Ventures [Line Items]      
Carrying amount at the beginning of the year 1,051 1,099  
Additions [7] 388 0  
Disposals 0 0  
Share of comprehensive income 83 25  
of which: share of net profit 84 [3],[8] 46 [8] 529 [4]
of which: share of other comprehensive income [9] (1) (21)  
Share of changes in retained earnings (40) 0  
Dividends received (33) (83)  
Impairment 0 (1)  
Foreign currency translation 108 11  
Carrying amount at the end of the year 1,557 1,051 1,099
of which: associates 1,513 1,010  
of which: joint ventures 44 41  
Share of profit (loss) of associates 64 28  
Share of profit (loss) of joint ventures 19 18  
Share of other comprehensive income of associates (1) (22)  
Share of other comprehensive income of joint ventures   1  
UBS AG | SIX Group AG, Zurich      
Disclosure Of Investments In Associates And Joint Ventures [Line Items]      
of which: associates [10] $ 965 887  
UBS's equity interest 17.31%    
Share of profit (loss) of associates related to valuation gains $ 26   $ 460
UBS AG | Clearstream Fund Centre AG      
Disclosure Of Investments In Associates And Joint Ventures [Line Items]      
of which: associates [7] $ 399    
Decrease in proportion of ownership in subsidiaries that result in loss of control 51.20%    
UBS's equity interest 48.80%    
Gains (losses) on the sale of subsidiaries $ 631    
UBS AG | Other associates      
Disclosure Of Investments In Associates And Joint Ventures [Line Items]      
of which: associates $ 150 $ 123  
[1]
On 30 September 2020, UBS completed the sale of a 51.2% stake in Fondcenter AG to Clearstream and deconsolidated the entity in accordance with IFRS 10, Consolidated Financial Statements. The retained minority shareholding of 48.8% is accounted for as an associate and increased the investments in associates by USD 385 million upon completion of the transaction. Refer to Note 29 for more information
[2]
For 2020, consists of USD 64 million from associates and USD 19 million from joint ventures. For 2019, consists of USD 28 million from associates and USD 18 million from joint ventures.
[3]
Includes a valuation gain of USD 26 million on UBS’s equity ownership of SIX Group.
[4]
Includes a valuation gain of USD 460 million on UBS’s equity ownership of SIX Group related to the sale of SIX Payment Services to Worldline.
[5]
For 2020, consists of negative USD 1 million from associates. For 2019, consists of negative USD 22 million from associates and USD 1 million from joint ventures.
[6]
In 2020, UBS AG’s equity interest amounts to 17.31%. UBS AG is represented on the Board of Directors.
[7]
On 30 September 2020, UBS AG completed the sale of a 51.2% stake in Fondcenter AG to Clearstream and deconsolidated the entity in accordance with IFRS 10, Consolidated Financial Statements. The retained minority shareholding of 48.8% is accounted for as an associate and increased the investments in associates by USD 385 million upon completion of the transaction. Refer to Note 29 for more information
[8]
For 2020, consists of USD 64 million from associates and USD 19 million from joint ventures. For 2019, consists of USD 28 million from associates and USD 18 million from joint ventures.
[9]
For 2020, consists of negative USD 1 million from associates. For 2019, consists of negative USD 22 million from associates and USD 1 million from joint ventures.
[10]
In 2020, UBS AG’s equity interest amounts to 17.31%. UBS AG is represented on the Board of Directors.