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Supplemental guarantor consolidated income statement (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Condensed Income Statements Captions [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
UBS AG (consolidated)      
Condensed Income Statements Captions [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
UBS AG (consolidated) | Elimination entries      
Condensed Income Statements Captions [Line Items]      
Interest income from financial instruments measured at amortized cost and fair value through other comprehensive income (818) (1,928) (2,275)
Interest expense from financial instruments measured at amortized cost 1,134 2,298 2,405
Net interest income from financial instruments measured at fair value through profit or loss (273) (327) (91)
Net interest income 43 42 38
Other net income from financial instruments measured at fair value through profit or loss 118 (322) (110)
Credit loss (expense) / release 0 0 (19)
Fee and commission income (984) (997) (656)
Fee and commission expense 961 986 648
Net fee and commission income (23) (11) (8)
Other income (5,941) (6,442) (6,651)
Total operating income (5,803) (6,733) (6,749)
Personnel expenses 0 0 0
General and administrative expenses (2,481) (2,627) (3,490)
Depreciation and impairment of property, equipment and software (116) (108) 0
Amortization and impairment of goodwill and intangible assets 1 (88) 0
Total operating expenses (2,596) (2,823) (3,490)
Operating profit / (loss) before tax (3,207) (3,911) (3,259)
Tax expense / (benefit) (107) (21) 68
Net profit / (loss) (3,100) (3,890) (3,327)
Net profit / (loss) attributable to non-controlling interests 0 0 0
Net profit / (loss) attributable to shareholders (3,100) (3,889) (3,327)
UBS AG (consolidated) | UBS AG (standalone) | Reportable legal entities      
Condensed Income Statements Captions [Line Items]      
Interest income from financial instruments measured at amortized cost and fair value through other comprehensive income [4] 3,386 4,864 [5] 4,532 [6]
Interest expense from financial instruments measured at amortized cost [4] (3,694) (6,547) [5] (6,109) [6]
Net interest income from financial instruments measured at fair value through profit or loss [4] 1,103 1,177 [5] 1,079 [6]
Net interest income [4] 794 (506) [5] (497) [6]
Other net income from financial instruments measured at fair value through profit or loss [4] 4,857 5,116 [5] 5,204 [6]
Credit loss (expense) / release [4] (352) (51) [5] (37) [6]
Fee and commission income [4] 3,731 3,285 [5] 2,655 [6]
Fee and commission expense [4] (644) (674) [5] (851) [6]
Net fee and commission income [4] 3,087 2,610 [5],[7] 1,804 [6]
Other income [4] 4,671 4,899 [5] 5,248 [6]
Total operating income [4] 13,057 12,069 [5] 11,722 [6]
Personnel expenses [4] 3,458 3,251 [5] 3,592 [6]
General and administrative expenses [4] 3,507 3,467 [5] 4,691 [6]
Depreciation and impairment of property, equipment and software [4] 1,008 861 [5] 715 [6]
Amortization and impairment of goodwill and intangible assets [4] 5 94 [5] 3 [6]
Total operating expenses [4] 7,978 7,672 [5] 9,001 [6]
Operating profit / (loss) before tax [4] 5,079 4,396 [5] 2,721 [6]
Tax expense / (benefit) [4] 238 175 [5] 29 [6]
Net profit / (loss) [4] 4,840 4,221 [5] 2,691 [6]
Net profit / (loss) attributable to non-controlling interests [4] 0 0 [5] 0 [6]
Net profit / (loss) attributable to shareholders [4] 4,840 4,221 [5] 2,691 [6]
UBS AG (consolidated) | UBS Switzerland AG (standalone) | Reportable legal entities      
Condensed Income Statements Captions [Line Items]      
Interest income from financial instruments measured at amortized cost and fair value through other comprehensive income [4] 3,636 4,048 4,230
Interest expense from financial instruments measured at amortized cost [4] (513) (737) (598)
Net interest income from financial instruments measured at fair value through profit or loss [4] 164 (228) (270)
Net interest income [4] 3,288 3,083 3,363
Other net income from financial instruments measured at fair value through profit or loss [4] 911 924 889
Credit loss (expense) / release [4] (286) 7 (52)
Fee and commission income [4] 4,585 4,342 4,474
Fee and commission expense [4] (829) (819) (391)
Net fee and commission income [4] 3,756 3,523 [7] 4,083
Other income [4] 233 259 198
Total operating income [4] 7,902 7,796 8,480
Personnel expenses [4] 2,017 1,936 1,890
General and administrative expenses [4] 3,313 3,181 3,471
Depreciation and impairment of property, equipment and software [4] 261 221 21
Amortization and impairment of goodwill and intangible assets [4] 0 0 0
Total operating expenses [4] 5,591 5,338 5,382
Operating profit / (loss) before tax [4] 2,311 2,458 3,098
Tax expense / (benefit) [4] 444 514 670
Net profit / (loss) [4] 1,868 1,944 2,428
Net profit / (loss) attributable to non-controlling interests [4] 0 0 0
Net profit / (loss) attributable to shareholders [4] 1,868 1,944 2,428
UBS AG (consolidated) | Other subsidiaries | Reportable legal entities      
Condensed Income Statements Captions [Line Items]      
Interest income from financial instruments measured at amortized cost and fair value through other comprehensive income [8] 2,612 3,719 3,634
Interest expense from financial instruments measured at amortized cost [8] (1,261) (2,317) (2,192)
Net interest income from financial instruments measured at fair value through profit or loss [8] 311 394 625
Net interest income [8] 1,662 1,796 2,068
Other net income from financial instruments measured at fair value through profit or loss [8] 1,044 1,114 970
Credit loss (expense) / release [8] (56) (33) (9)
Fee and commission income [8] 13,651 12,527 13,159
Fee and commission expense [8] (1,263) (1,188) (1,108)
Net fee and commission income [8] 12,388 11,338 12,050
Other income [8] 2,585 1,960 2,110
Total operating income [8] 17,623 16,176 17,189
Personnel expenses [8] 9,211 8,614 8,510
General and administrative expenses [8] 4,147 4,565 5,403
Depreciation and impairment of property, equipment and software [8] 698 602 316
Amortization and impairment of goodwill and intangible assets [8] 52 170 62
Total operating expenses [8] 14,108 13,951 14,291
Operating profit / (loss) before tax [8] 3,515 2,225 2,898
Tax expense / (benefit) [8] 912 530 577
Net profit / (loss) [8] 2,603 1,695 2,321
Net profit / (loss) attributable to non-controlling interests [8] 15 6 7
Net profit / (loss) attributable to shareholders [8] $ 2,588 $ 1,689 $ 2,314
[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).
[4]
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 ubs.com/investors for information prepared in accordance with Swiss GAAP
[5]
Effective from the second quarter of 2020, UBS AG accounts for its investments in associates under the equity method of accounting and no longer at cost less impairment. The new measurement policy will result in more relevant information regarding the value of UBS AG’s investments in associates. The change was applied retrospectively to all prior periods presented, resulting in a decrease in Net profit attributable to shareholders for the year ended 31 December 2019 of USD 61 million, almost entirely reflected within Other income.
[6]
Effective from the second quarter of 2020, UBS AG accounts for its investments in associates under the equity method of accounting and no longer at cost less impairment. The new measurement policy will result in more relevant information regarding the value of UBS AG’s investments in associates. The change was applied retrospectively to all prior periods presented, resulting in an increase in Net profit attributable to shareholders for the year ended 31 December 2018 of USD 521 million, almost entirely reflected within Other income.
[7]
Includes the effects of the transfer in 2019 of beneficial ownership of a portion of Global Wealth Management international business booked in Switzerland from UBS Switzerland AG to UBS AG. Refer to “Note 25 Changes in organization and other events affecting comparability” in the “UBS AG standalone financial statements” section of the UBS AG Standalone financial statements and regulatory information for the year ended 31 December 2019.
[8]
The ”Other subsidiaries“ column includes consolidated information for the UBS Americas Holding LLC, UBS Europe SE and UBS Asset Management AG significant sub-groups, as well as standalone information for other subsidiaries.