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Supplemental guarantor consolidated balance sheet (Detail) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Jan. 01, 2018
Dec. 31, 2017
Assets          
Cash and balances at central banks $ 158,231.0 $ 107,068.0      
Loans and advances to banks 15,444.0 12,447.0      
Receivables from securities financing transactions 74,210.0 84,245.0      
Cash collateral receivables on derivative instruments 32,737.0 23,289.0      
Loans and advances to customers 379,528.0 326,786.0      
Other financial assets measured at amortized cost 27,194.0 22,980.0      
Total financial assets measured at amortized cost 687,345.0 576,815.0      
Financial assets at fair value held for trading 125,397.0 127,514.0      
of which: assets pledged as collateral that may be sold or repledged by counterparties 47,098.0 41,285.0      
Derivative financial instruments [1] 159,617.0 121,841.0      
Brokerage receivables 24,659.0 18,007.0      
Financial assets at fair value not held for trading [2] 80,364.0 83,944.0      
Total financial assets measured at fair value through profit or loss 390,037.0 351,307.0      
Financial assets measured at fair value through other comprehensive income [3] 8,258.0 6,345.0      
Investments in subsidiaries and associates 1,557.0 1,051.0 $ 1,099.0    
Property, equipment and software 13,109.0 12,804.0 12,702.0    
Goodwill and intangible assets 6,480.0 6,469.0      
Deferred tax assets 9,212.0 [4] 9,548.0 [4],[5] 10,116.0 $ 10,195.0  
Other non-financial assets 9,768.0 7,856.0      
Total assets 1,125,765.0 972,194.0 [6] 958,500.0 [6] 938,799.0  
Liabilities          
Amounts due to banks 11,050.0 6,570.0      
Payables from securities financing transactions 6,321.0 7,778.0      
Cash collateral payables on derivative instruments 37,312.0 31,415.0      
Customer deposits 524,605.0 448,284.0      
Debt issued measured at amortized cost [7] 139,232.0 110,497.0      
Other financial liabilities measured at amortized cost 9,729.0 9,712.0      
Total financial liabilities measured at amortized cost 728,250.0 614,256.0      
Financial liabilities at fair value held for trading [8],[9],[10] 33,595.0 30,591.0      
Derivative financial instruments [1],[8],[10],[11] 161,102.0 120,880.0      
Brokerage payables designated at fair value 38,742.0 37,233.0      
Debt issued designated at fair value 61,243.0 66,809.0      
Other financial liabilities designated at fair value 30,387.0 35,940.0      
Total financial liabilities measured at fair value through profit or loss 325,069.0 291,452.0      
Provisions 2,828.0 2,974.0      
Other non-financial liabilities 9,854.0 8,837.0 9,065.0 9,486.0  
Total liabilities 1,066,000.0 917,519.0 905,429.0 886,894.0  
Equity          
Equity attributable to shareholders 59,445.0 54,501.0 52,896.0 51,847.0  
Equity attributable to non-controlling interests 319.0 174.0      
Total equity 59,765.0 54,675.0 [12] 53,060.0    
Total equity before the adoption of IFRIC 23     53,071.0 51,906.0 $ 51,906.0
Total liabilities and equity 1,125,765.0 972,194.0 958,500.0 938,799.0  
UBS AG (consolidated)          
Assets          
Cash and balances at central banks 158,231.0 107,068.0      
Loans and advances to banks 15,344.0 12,379.0      
Receivables from securities financing transactions 74,210.0 84,245.0      
Cash collateral receivables on derivative instruments 32,737.0 23,289.0      
Loans and advances to customers 380,977.0 327,992.0      
Other financial assets measured at amortized cost 27,219.0 23,012.0      
Total financial assets measured at amortized cost 688,717.0 577,985.0      
Financial assets at fair value held for trading 125,492.0 127,695.0      
of which: assets pledged as collateral that may be sold or repledged by counterparties 47,098.0 41,285.0      
Derivative financial instruments [13] 159,618.0 121,843.0      
Brokerage receivables 24,659.0 18,007.0      
Financial assets at fair value not held for trading [2] 80,038.0 83,636.0      
Total financial assets measured at fair value through profit or loss 389,808.0 351,181.0      
Financial assets measured at fair value through other comprehensive income [3] 8,258.0 6,345.0      
Investments in subsidiaries and associates 1,557.0 1,051.0 1,099.0    
Property, equipment and software 11,958.0 11,826.0 11,742.0    
Goodwill and intangible assets 6,480.0 6,469.0      
Deferred tax assets 9,174.0 [4] 9,524.0 [4],[14] 10,077.0 10,132.0  
Other non-financial assets 9,374.0 7,547.0      
Total assets 1,125,327.0 971,927.0 [6] 958,066.0 [6] 939,539.0  
Liabilities          
Amounts due to banks 11,050.0 6,570.0      
Payables from securities financing transactions 6,321.0 7,778.0      
Cash collateral payables on derivative instruments 37,313.0 31,416.0      
Customer deposits 527,929.0 450,591.0      
Funding from UBS Group AG and its subsidiaries [15],[16] 53,979.0 47,866.0      
Debt issued measured at amortized cost [7] 85,351.0 62,835.0      
Other financial liabilities measured at amortized cost 10,421.0 10,373.0      
Total financial liabilities measured at amortized cost 732,364.0 617,429.0      
Financial liabilities at fair value held for trading [8],[9],[10] 33,595.0 30,591.0      
Derivative financial instruments [8],[10],[11],[13] 161,102.0 120,880.0      
Brokerage payables designated at fair value 38,742.0 37,233.0      
Debt issued designated at fair value 59,868.0 66,592.0      
Other financial liabilities designated at fair value 31,773.0 36,157.0      
Total financial liabilities measured at fair value through profit or loss 325,080.0 291,452.0      
Provisions 2,791.0 2,938.0      
Other non-financial liabilities 7,018.0 6,211.0 [14] 6,318.0 6,542.0  
Total liabilities 1,067,254.0 918,031.0 905,667.0 888,143.0  
Equity          
Equity attributable to shareholders 57,754.0 53,722.0 52,224.0 51,338.0  
Equity attributable to non-controlling interests 319.0 174.0      
Total equity 58,073.0 53,896.0 52,389.0    
Total equity before the adoption of IFRIC 23     52,400.0 51,397.0 $ 51,397.0
Total liabilities and equity 1,125,327.0 971,927.0 $ 958,066.0 $ 939,539.0  
UBS AG (consolidated) | Elimination entries          
Assets          
Loans and advances to banks (50,678.0) (45,931.0)      
Receivables from securities financing transactions (29,735.0) (27,771.0)      
Cash collateral receivables on derivative instruments (11,671.0) (9,038.0)      
Loans and advances to customers (20,767.0) (17,612.0)      
Other financial assets measured at amortized cost (2,644.0) (2,327.0)      
Total financial assets measured at amortized cost (115,495.0) (102,679.0)      
Financial assets at fair value held for trading (1,634.0) (1,479.0)      
of which: assets pledged as collateral that may be sold or repledged by counterparties (13,617.0) (22,701.0)      
Derivative financial instruments (45,041.0) (30,899.0)      
Brokerage receivables (2.0) (1.0)      
Financial assets at fair value not held for trading (15,672.0) (14,498.0)      
Total financial assets measured at fair value through profit or loss (62,350.0) (46,877.0)      
Investments in subsidiaries and associates (52,526.0) (51,156.0)      
Property, equipment and software (350.0) (385.0)      
Goodwill and intangible assets 28.0 35.0      
Deferred tax assets (1.0)        
Other non-financial assets (183.0) (140.0)      
Total assets (230,878.0) (201,202.0)      
Liabilities          
Amounts due to banks (107,527.0) (113,181.0)      
Payables from securities financing transactions (29,899.0) (27,696.0)      
Cash collateral payables on derivative instruments (11,618.0) (9,027.0)      
Customer deposits 23,745.0 38,861.0      
Debt issued measured at amortized cost 3.0 (70.0)      
Other financial liabilities measured at amortized cost (3,175.0) (2,844.0)      
Total financial liabilities measured at amortized cost (128,470.0) (113,956.0)      
Financial liabilities at fair value held for trading (1,529.0) (1,317.0)      
Derivative financial instruments (45,043.0) (30,852.0)      
Brokerage payables designated at fair value (7.0) (3.0)      
Debt issued designated at fair value (54.0) (38.0)      
Other financial liabilities designated at fair value (2,927.0) (3,445.0)      
Total financial liabilities measured at fair value through profit or loss (49,559.0) (35,655.0)      
Other non-financial liabilities (49.0) 21.0 [14]      
Total liabilities (178,078.0) (149,591.0)      
Equity          
Equity attributable to shareholders (52,800.0) (51,611.0)      
Total equity (52,800.0) (51,611.0)      
Total liabilities and equity (230,878.0) (201,202.0)      
UBS AG (consolidated) | UBS AG (standalone) | Reportable legal entities          
Assets          
Cash and balances at central banks 34,426.0 [17] 36,386.0 [18],[19]      
Loans and advances to banks 40,171.0 [17] 32,888.0 [18],[19]      
Receivables from securities financing transactions 56,568.0 [17] 56,946.0 [18],[19]      
Cash collateral receivables on derivative instruments 32,771.0 [17] 22,830.0 [18],[19]      
Loans and advances to customers 99,952.0 [17] 88,386.0 [18],[19]      
Other financial assets measured at amortized cost 8,411.0 [17] 5,723.0 [18],[19]      
Total financial assets measured at amortized cost 272,299.0 [17] 243,159.0 [18],[19]      
Financial assets at fair value held for trading 110,812.0 [17] 113,802.0 [18],[19]      
of which: assets pledged as collateral that may be sold or repledged by counterparties 54,468.0 [17] 58,599.0 [18],[19]      
Derivative financial instruments 154,313.0 [17] 118,708.0 [18],[19]      
Brokerage receivables 16,898.0 [17] 11,453.0 [18],[19]      
Financial assets at fair value not held for trading 46,198.0 [17] 49,525.0 [18],[19]      
Total financial assets measured at fair value through profit or loss 328,221.0 [17] 293,488.0 [18],[19]      
Financial assets measured at fair value through other comprehensive income 187.0 [17] 176.0 [18],[19]      
Investments in subsidiaries and associates 53,606.0 [17] 52,140.0 [18],[19]      
Property, equipment and software 6,999.0 [17] 7,318.0 [18],[19]      
Goodwill and intangible assets 217.0 [17] 222.0 [18],[19]      
Deferred tax assets 840.0 [17] 618.0 [14],[18],[19]      
Other non-financial assets 6,641.0 [17] 5,060.0 [18],[19]      
Total assets 669,010.0 [17] 602,181.0 [18],[19]      
Liabilities          
Amounts due to banks 41,414.0 [17] 55,738.0 [18],[19]      
Payables from securities financing transactions 17,247.0 [17] 21,326.0 [18],[19]      
Cash collateral payables on derivative instruments 35,875.0 [17] 30,571.0 [18],[19]      
Customer deposits 98,441.0 [17] 85,954.0 [18],[19]      
Funding from UBS Group AG and its subsidiaries [15] 53,979.0 [17] 47,866.0 [18],[19]      
Debt issued measured at amortized cost 75,658.0 [17] 54,317.0 [18],[19]      
Other financial liabilities measured at amortized cost 5,285.0 [17] 5,347.0 [18],[19]      
Total financial liabilities measured at amortized cost 327,898.0 [17] 301,119.0 [18],[19]      
Financial liabilities at fair value held for trading 28,800.0 [17] 25,292.0 [18],[19]      
Derivative financial instruments 156,192.0 [17] 117,597.0 [18],[19]      
Brokerage payables designated at fair value 25,045.0 [17] 25,358.0 [19]      
Debt issued designated at fair value 58,986.0 [17] 65,677.0 [18],[19]      
Other financial liabilities designated at fair value 11,255.0 [17] 8,571.0 [18],[19]      
Total financial liabilities measured at fair value through profit or loss 280,279.0 [17] 242,495.0 [18],[19]      
Provisions 1,293.0 [17] 1,101.0 [18],[19]      
Other non-financial liabilities 2,173.0 [17] 1,657.0 [14],[18],[19]      
Total liabilities 611,643.0 [17] 546,372.0 [18],[19]      
Equity          
Equity attributable to shareholders 57,367.0 [17] 55,808.0 [18],[19]      
Total equity 57,367.0 [17] 55,808.0 [18],[19]      
Total liabilities and equity 669,010.0 [17] 602,181.0 [18],[19]      
UBS AG (consolidated) | UBS Switzerland AG (standalone) | Reportable legal entities          
Assets          
Cash and balances at central banks 91,638.0 [17] 60,926.0 [18]      
Loans and advances to banks 6,385.0 [17] 7,992.0 [18]      
Receivables from securities financing transactions 4,026.0 [17] 12,536.0 [18]      
Cash collateral receivables on derivative instruments 1,543.0 [17] 990.0 [18]      
Loans and advances to customers 228,279.0 [17] 193,543.0 [18]      
Other financial assets measured at amortized cost 8,084.0 [17] 8,168.0 [18]      
Total financial assets measured at amortized cost 339,956.0 [17] 284,154.0 [18]      
Financial assets at fair value held for trading 55.0 [17] 53.0 [18]      
of which: assets pledged as collateral that may be sold or repledged by counterparties 1.0 [17] 0.0 [18]      
Derivative financial instruments 6,342.0 [17] 4,251.0 [18]      
Financial assets at fair value not held for trading 13,068.0 [17] 6,701.0 [18]      
Total financial assets measured at fair value through profit or loss 19,464.0 [17] 11,004.0 [18]      
Investments in subsidiaries and associates 38.0 [17] 28.0 [18]      
Property, equipment and software 1,335.0 [17] 1,144.0 [18]      
Deferred tax assets 1.0 [17] 0.0 [14],[18]      
Other non-financial assets 2,063.0 [17] 1,770.0 [18]      
Total assets 362,857.0 [17] 298,101.0 [18]      
Liabilities          
Amounts due to banks 34,096.0 [17] 28,240.0 [18]      
Payables from securities financing transactions 566.0 [17] 565.0 [18]      
Cash collateral payables on derivative instruments 561.0 [17] 98.0 [18]      
Customer deposits 293,371.0 [17] 239,226.0 [18]      
Debt issued measured at amortized cost 9,687.0 [17] 8,583.0 [18]      
Other financial liabilities measured at amortized cost 2,567.0 [17] 2,666.0 [18]      
Total financial liabilities measured at amortized cost 340,848.0 [17] 279,379.0 [18]      
Financial liabilities at fair value held for trading 335.0 [17] 383.0 [18]      
Derivative financial instruments 5,593.0 [17] 4,046.0 [18]      
Total financial liabilities measured at fair value through profit or loss 5,927.0 [17] 4,429.0 [18]      
Provisions 301.0 [17] 196.0 [18]      
Other non-financial liabilities 987.0 [17] 931.0 [14],[18]      
Total liabilities 348,063.0 [17] 284,936.0 [18]      
Equity          
Equity attributable to shareholders 14,794.0 [17] 13,165.0 [18]      
Total equity 14,794.0 [17] 13,165.0 [18]      
Total liabilities and equity 362,857.0 [17] 298,101.0 [18]      
UBS AG (consolidated) | Other subsidiaries | Reportable legal entities          
Assets          
Cash and balances at central banks 32,167.0 [20] 9,756.0 [21]      
Loans and advances to banks 19,465.0 [20] 17,430.0 [21]      
Receivables from securities financing transactions 43,350.0 [20] 42,534.0 [21]      
Cash collateral receivables on derivative instruments 10,093.0 [20] 8,508.0 [21]      
Loans and advances to customers 73,513.0 [20] 63,676.0 [21]      
Other financial assets measured at amortized cost 13,368.0 [20] 11,448.0 [21]      
Total financial assets measured at amortized cost 191,957.0 [20] 153,351.0 [21]      
Financial assets at fair value held for trading 16,260.0 [20] 15,320.0 [21]      
of which: assets pledged as collateral that may be sold or repledged by counterparties 6,247.0 [20] 5,386.0 [21]      
Derivative financial instruments 44,005.0 [20] 29,782.0 [21]      
Brokerage receivables 7,763.0 [20] 6,556.0 [21]      
Financial assets at fair value not held for trading 36,444.0 [20] 41,908.0 [21]      
Total financial assets measured at fair value through profit or loss 104,473.0 [20] 93,565.0 [21]      
Financial assets measured at fair value through other comprehensive income 8,072.0 [20] 6,169.0 [21]      
Investments in subsidiaries and associates 439.0 [20] 39.0 [21]      
Property, equipment and software 3,975.0 [20] 3,749.0 [21]      
Goodwill and intangible assets 6,234.0 [20] 6,212.0 [21]      
Deferred tax assets 8,334.0 [20] 8,906.0 [14],[21]      
Other non-financial assets 854.0 [20] 857.0 [21]      
Total assets 324,337.0 [20] 272,848.0 [21]      
Liabilities          
Amounts due to banks 43,066.0 [20] 35,773.0 [21]      
Payables from securities financing transactions 18,407.0 [20] 13,583.0 [21]      
Cash collateral payables on derivative instruments 12,495.0 [20] 9,773.0 [21]      
Customer deposits 112,372.0 [20] 86,550.0 [21]      
Debt issued measured at amortized cost 3.0 [20] 5.0 [21]      
Other financial liabilities measured at amortized cost 5,745.0 [20] 5,204.0 [21]      
Total financial liabilities measured at amortized cost 192,088.0 [20] 150,888.0 [21]      
Financial liabilities at fair value held for trading 5,989.0 [20] 6,233.0 [21]      
Derivative financial instruments 44,359.0 [20] 30,089.0 [21]      
Brokerage payables designated at fair value 13,704.0 [20] 11,877.0      
Debt issued designated at fair value 935.0 [20] 952.0 [21]      
Other financial liabilities designated at fair value 23,445.0 [20] 31,031.0 [21]      
Total financial liabilities measured at fair value through profit or loss 88,433.0 [20] 80,184.0 [21]      
Provisions 1,197.0 [20] 1,641.0 [21]      
Other non-financial liabilities 3,907.0 [20] 3,602.0 [14],[21]      
Total liabilities 285,625.0 [20] 236,314.0 [21]      
Equity          
Equity attributable to shareholders 38,393.0 [20] 36,359.0 [21]      
Equity attributable to non-controlling interests 319.0 [20] 174.0 [21]      
Total equity 38,712.0 [20] 36,534.0 [21]      
Total liabilities and equity $ 324,337.0 [20] $ 272,848.0 [21]      
[1]
Derivative 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 22 for more information on netting arrangements.
[2]
Refer to Note 24c for more information on product type and fair value hierarchy categorization.
[3]
Refer to Note 21c for more information about product type and fair value hierarchy categorization. Refer also to Note 9 and Note 20 for more information about expected credit loss measurement.
[4]
Less deferred tax liabilities as applicable.
[5]
Comparative-period information has been restated. Refer to Note 1b for more information
[6]
Information has been restated where applicable. Refer to Note 1b for more information.
[7]
Net of bifurcated embedded derivatives, the fair value of which was not material for the periods presented.
[8]
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.
[9]
Contractual maturities of financial liabilities at fair value held for trading are: USD 32.6 billion due within 1 month (2019: USD 30 billion), USD 1.0 billion due between 1 month and 1 year (2019: USD 0.6 billion) and USD 0 billion due between 1 and 5 years (2019: USD 0 billion). 5 Includes USD 32 million (2019: 0 million) related to fair values of derivative loan commitments and forward starting reverse repurchase agreements classified as derivatives, presented within “Due within 1 month”. The full contractual committed amount of USD 31.3 billion (2019: USD 26.6 billion) is presented in Note 10 under notional amounts.
[10]
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
[11]
Includes USD 32 million (2019: 0 million) related to fair values of derivative loan commitments and forward starting reverse repurchase agreements classified as derivatives, presented within “Due within 1 month”. The full contractual committed amount of USD 31.3 billion (2019: USD 26.6 billion) is presented in Note 10 under notional amounts.
[12]
Refer to the “Accounting and financial reporting” and “Consolidated financial statements” sections of this report for information on the restatement of comparative information, where applicable
[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]
Comparative-period information has been restated. Refer to Note 1b for more information.
[15]
Represents funding from UBS Group AG to UBS AG.
[16]
UBS AG has also recognized funding from UBS Group AG and its subsidiaries that is designated at fair value. Refer to Note 19b for more information.
[17]
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
[18]
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. 2 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 Investments in subsidiaries and associates as of 31 December 2019 of USD 929 million and an increase in Equity attributable to shareholders as of 31 December 2019 of USD 914 million
[19]
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 Investments in subsidiaries and associates as of 31 December 2019 of USD 929 million and an increase in Equity attributable to shareholders as of 31 December 2019 of USD 914 million.
[20]
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.
[21]
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. 4 Comparative-period information has been restated. Refer to Note 1b for more information.