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Significant accounting policies (Policies)
 6 Months Ended
Jun. 30, 2022
Entity [Table]  
Basis of accounting
The
 
consolidated financial statements (the
 
financial statements) of
 
UBS Group
 
AG
 
and its
 
subsidiaries (together,
“UBS” or
 
the
 
“Group”)
 
are prepared
 
in accordance
 
with International
 
Financial
 
Reporting
 
Standards (IFRS),
 
as issued
by the International Accounting Standards Board (the
 
IASB) and are presented
 
in US dollars
 
(USD). These interim
financial statements are
 
prepared in accordance
 
with IAS 34,
Interim Financial Reporting
.
In preparing
 
these interim financial statements, the same
 
accounting policies and methods of
 
computation have
been applied as
 
in the UBS Group
 
AG consolidated
 
annual financial
 
statements for
 
the period
 
ended 31 December
2021, except for the changes described in this Note.
 
These interim financial statements are
 
unaudited and should
be read in conjunction
 
with UBS Group AG’s
 
audited consolidated
 
financial statements
 
in the Annual Report
 
2021
and the
 
“Management report” sections of
 
this report, including
 
the disclosure regarding
 
the sale of
 
UBS’s
49
%
shareholding
 
in
its
 
Japanese
 
real
 
estate
 
joint
 
venture,
 
Mitsubishi
 
Corp.
-
UBS
 
Realty
 
Inc.
,
 
in
the
“Recent
developments” section of
 
this report. In the opinion of
 
management, all necessary adjustments have been made
for a fair presentation
 
of the Group’s financial
 
position, results of
 
operations and
 
cash flows.
Preparation of these
 
interim financial statements requires management to
 
make estimates and assumptions
 
that
affect
 
the
 
reported
 
amounts
 
of
 
assets,
 
liabilities,
 
income,
 
expenses
 
and
 
disclosures
 
of
 
contingent
 
assets
 
and
liabilities. These
 
estimates and
 
assumptions are
 
based on the
 
best available
 
information. Actual
 
results in the future
could differ
 
from such
 
estimates and
 
differences
 
may be
 
material to
 
the financial
 
statements.
 
Revisions to
 
estimates,
based on regular reviews, are recognized in
 
the period in which they
 
occur. For more information about areas of
estimation
 
uncertainty that
 
are
 
considered
 
to
 
require critical
 
judgment, refer
 
to
 
“Note
 
1a
 
Material accounting
policies” in the “Consolidated
 
financial statements”
 
section of the Annual
 
Report 2021.