Interests in associates and joint ventures (Tables)

12 Months Ended

Dec. 31, 2021

Entity [Table]

Disclosure of investments in associates and joint ventures [text block]

Investments in associates and joint ventures

USD million

2021

2020

Carrying amount at the beginning of the year

1,557

1,051

Additions

1

388

Reclassifications

1

(386)

0

Share of comprehensive income

150

83

of which: share of net profit

2

105

84

of which: share of other comprehensive income

3

45

(1)

Share of changes in retained earnings

1

(40)

Dividends received

(39)

(33)

Foreign currency translation

(39)

108

Carrying amount at the end of the year

1,243

1,557

of which: associates

1,200

1,513

of which: SIX Group AG, Zurich

4

1,043

965

of which: Clearstream Fund Centre AG, Zurich

1

399

of which: other associates

157

150

of which: joint ventures

43

44

1 In the second quarter of 2021, UBS reclassified its minority investment (

48.8

%) in Clearstream Fund Centre AG (previously Fondcenter AG) of USD

386

 million to Properties and other non-current assets held for

sale and sold the investment in the same quarter. Refer to Note 30 for more information. 2 For 2021, consists of USD

79

 million from associates and USD

26

 million from joint ventures. For 2020, consists of USD

64

million from associates and USD

19

 million from joint ventures. 3 For 2021, consists of USD

44

 million from associates and USD

1

 million from joint ventures. For 2020, consists of negative USD

1

 million from

associates. 4 In 2021, UBS AG’s equity interest amounted to

17.31

%. UBS AG is represented on the Board of Directors.

UBS AG

Entity [Table]

Disclosure of investments in associates and joint ventures [text block]

Investments in associates and joint ventures

USD million

2021

2020

Carrying amount at the beginning of the year

1,557

1,051

Additions

1

388

Reclassifications

1

(386)

0

Share of comprehensive income

150

83

of which: share of net profit

2

105

84

of which: share of other comprehensive income

3

45

(1)

Share of changes in retained earnings

1

(40)

Dividends received

(39)

(33)

Foreign currency translation

(39)

108

Carrying amount at the end of the year

1,243

1,557

of which: associates

1,200

1,513

of which: SIX Group AG, Zurich

4

1,043

965

of which: Clearstream Fund Centre AG, Zurich

1

399

of which: other associates

157

150

of which: joint ventures

43

44

1 In the second quarter of 2021, UBS reclassified its minority investment (

48.8

%) in Clearstream Fund Centre AG (previously Fondcenter AG) of USD

386

 million to Properties and other non-current assets held for

sale and sold the investment in the same quarter. Refer to Note 30 for more information. 2 For 2021, consists of USD

79

 million from associates and USD

26

 million from joint ventures. For 2020, consists of USD

64

million from associates and USD

19

 million from joint ventures. 3 For 2021, consists of USD

44

 million from associates and USD

1

 million from joint ventures. For 2020, consists of negative USD

1

 million from

associates. 4 In 2021, UBS AG’s equity interest amounted to

17.31

%. UBS AG is represented on the Board of Directors.