Segment reporting	12 Months Ended
Segment reporting	Dec. 31, 2021
Entity [Table]
Disclosure Of Entitys Reportable Segments Explanatory	Note 2a Segment reporting UBS’s businesses are organized globally into four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. All four business divisions are supported by Group Functions and qualify as reportable segments for the purpose of segment reporting. Together with Group Functions, the four business divisions reflect the management structure of the Group. – Global Wealth Management provides financial services, advice and solutions to private clients, in particular in the ultra high net worth and high net worth segments. Its offering ranges from investment management to estate planning and corporate finance advice, in addition to specific wealth management products and services. The business division is managed globally across the regions. – Personal & Corporate Banking serves its private, corporate, and institutional client s ’ needs , from basic banking to retirement, financing, investments and strategic transactions, in Switzerland , through its branch network and digital channels. – Asset Management is a large-scale and diversified global asset manager. It offers investment capabilities and styles across all major traditional and alternative asset classes, as well as advisory support to institutions, wholesale intermediaries and wealth management clients globally. – The Investment Bank provides a range of services to institutional, corporate and wealth management clients globally, to help them raise capital, grow their businesses, invest and manage risks. Its offering includes advisory services, facilitating clients raising debt and equity from the public and private markets and capital markets, cash and derivatives trading across equities and fixed income, and financing. – Group Functions is made up of the following major areas: Group Se rvices ( which consists of Technology, Corporate Services, Human Resources , Finance, Legal, Risk Control, Compliance, Regulatory & Governance, Communications & Branding and Group Sustainability and Impact), Group Treasury and Non-core and Legacy Portfolio. Financial information about the four business divisions and Group Functions is presented separately in internal management reports to the Group Executive Board (the GEB), which is considered the “chief operating decision maker” pursuant to IFRS 8, Operating Segments . UBS’s internal accounting policies, which include management accounting policies and service level agreements, determine the revenues and expenses directly attributable to each reportable segment. Transactions between the reportable segments are carried out at internally agreed rates and are reflected in the operating results of the reportable segments. Revenue-sharing agreements are used to allocate external client revenues to reportable segments where several reportable segments are involved in the value creation chain. Total intersegment revenues for the Group are immaterial, as the majority of the revenues are allocated across the segments by means of revenue-sharing agreements. Interest income earned from managing UBS’s consolidated equity is allocated to the reportable segments based on average attributed equity and currency composition. Assets and liabilities of the reportable segments are funded through and invested with Group Functions, and the net interest margin is reflected in the results of each reportable segment. Segment assets are based on a third-party view and do not include intercompany balances. This view is in line with internal reporting to the GEB. If one operating segment is involved in an external transaction together with another operating segment or Group Functions, additional criteria are considered to determine the segment that will report the associated assets. This will include a consideration of which segment’s business needs are being addressed by the transaction and which segment is providing the funding and / or resources. Allocation of liabilities follows the same principles. Non-current assets disclosed for segment reporting purposes represent assets that are expected to be recovered more than 12 months after the reporting date, excluding financial instruments, deferred tax assets and post-employment benefits. USD million Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions UBS For the year ended 31 December 2021 Net interest income 4,244 2,120 (15) 481 (127) 6,705 Non-interest income 15,175 2,143 2,632 8,972 (233) 28,689 Income 19,419 4,263 2,617 9,454 (359) 35,393 Credit loss (expense) / release 29 86 (1) 34 0 148 Total operating income 19,449 4,349 2,616 9,488 (360) 35,542 Total operating expenses 14,665 2,618 1,586 6,858 330 26,058 Operating profit / (loss) before tax 4,783 1,731 1,030 2,630 (689) 9,484 Tax expense / (benefit) 1,998 Net profit / (loss) 7,486 Additional information Total assets 395,235 225,370 25,639 346,431 124,507 1,117,182 Additions to non-current assets 56 16 1 30 1,989 2,091 USD million Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions UBS For the year ended 31 December 2020 Net interest income 4,027 2,049 (17) 284 (481) 5,862 Non-interest income 1 13,107 1,858 2,993 9,235 30 27,222 Income 17,134 3,908 2,975 9,519 (452) 33,084 Credit loss (expense) / release (88) (257) (2) (305) (42) (694) Total operating income 17,045 3,651 2,974 9,214 (494) 32,390 Total operating expenses 13,026 2,392 1,519 6,732 567 24,235 Operating profit / (loss) before tax 4,019 1,259 1,455 2,482 (1,060) 8,155 Tax expense / (benefit) 1,583 Net profit / (loss) 6,572 Additional information Total assets 367,714 231,657 28,589 369,683 128,122 1,125,765 Additions to non-current assets 5 12 385 150 2,294 2,847 USD million Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions UBS For the year ended 31 December 2019 Net interest income 3,947 1,992 (25) (669) (744) 4,501 Non-interest income 12,426 1,744 1,962 7,968 367 24,467 Income 16,373 3,736 1,938 7,299 (378) 28,967 Credit loss (expense) / release (20) (21) 0 (30) (7) (78) Total operating income 16,353 3,715 1,938 7,269 (385) 28,889 Total operating expenses 12,955 2,274 1,406 6,485 192 23,312 Operating profit / (loss) before tax 3,397 1,441 532 784 (577) 5,577 Tax expense / (benefit) 1,267 Net profit / (loss) 4,310 Additional information Total assets 309,766 209,405 34,565 315,855 102,603 972,194 Additions to non-current assets 68 10 0 1 5,217 5,297 1 Includes a USD 631 million net gain on the sale of a majority stake in Fondcenter AG (now Clearstream Fund Centre AG), of which USD 571 million was recognized in Asset Management and USD 60 million was recognized in Global Wealth Management. The operating regions shown in the table below correspond to the regional management structure of the Group. The allocation of operating income to these regions reflects, and is consistent with, the basis on which the business is managed and its performance is evaluated. These allocations involve assumptions and judgments that management considers to be reasonable, and may be refined to reflect changes in estimates or management structure. The main principles of the allocation methodology are that client revenues are attributed to the domicile of the given client and trading and portfolio management revenues are attributed to the country where the risk is managed. This revenue attribution is consistent with the mandate of the regional Presidents. Certain revenues, such as those related to Non-core and Legacy Portfolio in Group Functions, are managed at a Group level. These revenues are included in the Global line. The geographic analysis of non-current assets is based on the location of the entity in which the given assets are recorded. For the year ended 31 December 2021 Total operating income Total non-current assets USD billion Share % USD billion Share % Americas 14.5 41 9.0 44 of which: USA 13.5 38 8.5 41 Asia Pacific 6.5 18 1.5 7 Europe, Middle East and Africa (excluding Switzerland) 7.0 20 2.9 14 Switzerland 7.9 22 7.1 35 Global (0.3) (1) 0.0 0 Total 35.5 100 20.5 100 For the year ended 31 December 2020 Total operating income Total non-current assets USD billion Share % USD billion Share % Americas 13.0 40 9.0 42 of which: USA 11.7 36 8.4 40 Asia Pacific 6.0 18 1.5 7 Europe, Middle East and Africa (excluding Switzerland) 6.5 20 3.0 14 Switzerland 6.9 21 7.6 36 Global 0.1 0 0.0 0 Total 32.4 100 21.1 100 For the year ended 31 December 2019 Total operating income Total non-current assets USD billion Share % USD billion Share % Americas 12.0 42 8.9 44 of which: USA 10.9 38 8.5 42 Asia Pacific 4.7 16 1.4 7 Europe, Middle East and Africa (excluding Switzerland) 5.8 20 3.0 15 Switzerland 6.7 23 7.1 35 Global (0.3) (1) 0.0 0 Total 28.9 100 20.3 100
UBS AG
Entity [Table]
Disclosure Of Entitys Reportable Segments Explanatory	Note 2a Segment reporting UBS AG’s businesses are organized globally into four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. All four business divisions are supported by Group Functions and qualify as reportable segments for the purpose of segment reporting. Together with Group Functions, the four business divisions reflect the management structure of UBS AG. – Global Wealth Management pr ovides financial services, advice and solutions to private clients, in particular in the ultra high net worth and high net worth segments. Its offering ranges from investment management to estate planning and corporate finance advice, in addition to specific wealth management products and services. The business division is managed globally across the regions. – Personal & Corporate Banking serves its private, corporate, and institutional client s ’ needs , from basic banking to retirement, financing, investments and strategic transactions, in Switzerland , through its branch network and digital channels. – Asset Management is a large-scale and diversified global asset manager. It offers investment capabilities and styles across all major traditional and alternative asset classes, as well as advisory support to institutions, wholesale intermediaries and wealth management clients globally. – The Investment Bank provides a range of services to institutional, corporate and wealth management clients globally, to help them raise capital, grow their businesses, invest and manage risks. Its offering includes advisory services, facilitating clients raising debt and equity from the public and private markets and capital markets, cash and derivatives trading across equities and fixed income, and financing. – Group Functions is made up of the following major areas: Group Services ( which consists of Technology, Corporate Services, Human Resources , Finance, Legal, Ris k Control, Compliance, Regulatory & Governance, Communications & Branding and Group Sustainability and Impact), Group Treasury and Non-core and Legacy Portfolio. Financial information about the four business divisions and Group Functions is presented separately in internal management reports to the Executive Board, which is considered the “chief operating decision maker” pursuant to IFRS 8, Operating Segments . UBS AG’s internal accounting policies, which include management accounting policies and service level agreements, determine the revenues and expenses directly attributable to each reportable segment. Transactions between the reportable segments are carried out at internally agreed rates and are reflected in the operating results of the reportable segments. Revenue-sharing agreements are used to allocate external client revenues to reportable segments where several reportable segments are involved in the value creation chain. Total intersegment revenues for UBS AG are immaterial, as the majority of the revenues are allocated across the segments by means of revenue-sharing agreements. Interest income earned from managing UBS AG’s consolidated equity is allocated to the reportable segments based on average attributed equity and currency composition. Assets and liabilities of the reportable segments are funded through and invested with Group Functions, and the net interest margin is reflected in the results of each reportable segment. Segment assets are based on a third-party view and do not include intercompany balances. This view is in line with internal reporting to management. If one operating segment is involved in an external transaction together with another operating segment or Group Functions, additional criteria are considered to determine the segment that will report the associated assets. This will include a consideration of which segment’s business needs are being addressed by the transaction and which segment is providing the funding and / or resources. Allocation of liabilities follows the same principles. Non-current assets disclosed for segment reporting purposes represent assets that are expected to be recovered more than 12 months after the reporting date, excluding financial instruments, deferred tax assets and post-employment benefits. USD million Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions UBS AG For the year ended 31 December 2021 Net interest income 4,244 2,120 (15) 481 (226) 6,605 Non-interest income 15,175 2,144 2,632 8,978 294 29,222 Income 19,419 4,264 2,617 9,459 68 35,828 Credit loss (expense) / release 29 86 (1) 34 0 148 Total operating income 19,449 4,350 2,616 9,493 68 35,976 Total operating expenses 14,743 2,623 1,593 6,902 1,151 27,012 Operating profit / (loss) before tax 4,706 1,726 1,023 2,592 (1,083) 8,964 Tax expense / (benefit) 1,903 Net profit / (loss) 7,061 Additional information Total assets 395,235 225,425 25,202 346,641 123,641 1,116,145 Additions to non-current assets 56 16 1 30 1,689 1,791 USD million Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions UBS AG For the year ended 31 December 2020 Net interest income 4,027 2,049 (17) 284 (555) 5,788 Non-interest income 1 13,107 1,859 2,993 9,224 504 27,686 Income 17,134 3,908 2,975 9,508 (52) 33,474 Credit loss (expense) / release (88) (257) (2) (305) (42) (695) Total operating income 17,046 3,651 2,974 9,203 (94) 32,780 Total operating expenses 13,080 2,390 1,520 6,762 1,329 25,081 Operating profit / (loss) before tax 3,965 1,261 1,454 2,441 (1,423) 7,699 Tax expense / (benefit) 1,488 Net profit / (loss) 6,211 Additional information Total assets 367,714 231,710 28,266 369,778 127,858 1,125,327 Additions to non-current assets 5 12 385 150 1,971 2,524 USD million Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions UBS AG For the year ended 31 December 2019 Net interest income 3,947 1,993 (25) (669) (831) 4,415 Non-interest income 12,426 1,745 1,962 7,967 869 24,970 Income 16,373 3,737 1,938 7,298 38 29,385 Credit loss (expense) / release (20) (21) 0 (30) (7) (78) Total operating income 16,353 3,717 1,938 7,268 31 29,307 Total operating expenses 13,018 2,274 1,407 6,515 925 24,138 Operating profit / (loss) before tax 3,335 1,443 531 753 (893) 5,169 Tax expense / (benefit) 1,198 Net profit / (loss) 3,971 Additional information Total assets 309,766 209,512 34,565 316,058 102,028 971,927 Additions to non-current assets 68 10 0 1 4,935 5,014 1 Includes a USD 631 million net gain on the sale of a majority stake in Fondcenter AG (now Clearstream Fund Centre AG), of which USD 571 million was recognized in Asset Management and USD 60 million was recognized in Global Wealth Management. The operating regions shown in the table below correspond to the regional management structure of UBS AG. The allocation of operating income to these regions reflects, and is consistent with, the basis on which the business is managed and its performance is evaluated. These allocations involve assumptions and judgments that management considers to be reasonable, and may be refined to reflect changes in estimates or management structure. The main principles of the allocation methodology are that client revenues are attributed to the domicile of the given client and trading and portfolio management revenues are attributed to the country where the risk is managed. This revenue attribution is consistent with the mandate of the regional Presidents. Certain revenues, such as those related to Non-core and Legacy Portfolio in Group Functions, are managed at a Group level. These revenues are included in the Global line. The geographic analysis of non-current assets is based on the location of the entity in which the given assets are recorded. For the year ended 31 December 2021 Total operating income Total non-current assets USD billion Share % USD billion Share % Americas 14.5 40 9.0 47 of which: USA 13.5 38 8.5 44 Asia Pacific 6.5 18 1.4 7 Europe, Middle East and Africa (excluding Switzerland) 7.0 19 2.6 13 Switzerland 7.9 22 6.3 33 Global 0.1 0 0.0 0 Total 36.0 100 19.3 100 For the year ended 31 December 2020 Total operating income Total non-current assets USD billion Share % USD billion Share % Americas 13.0 40 9.0 45 of which: USA 11.7 36 8.4 42 Asia Pacific 6.0 18 1.4 7 Europe, Middle East and Africa (excluding Switzerland) 6.5 20 2.7 14 Switzerland 6.9 21 6.9 34 Global 0.5 2 0.0 0 Total 32.8 100 20.0 100 For the year ended 31 December 2019 Total operating income Total non-current assets USD billion Share % USD billion Share % Americas 12.0 41 8.9 46 of which: USA 10.9 37 8.5 44 Asia Pacific 4.7 16 1.3 7 Europe, Middle East and Africa (excluding Switzerland) 5.8 20 2.6 13 Switzerland 6.7 23 6.5 34 Global 0.1 0 0.0 0 Total 29.3 100 19.3 100