Segment reporting	12 Months Ended
Segment reporting	Dec. 31, 2022
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 wealth clients. Its offering ranges from investment management to estate planning and corporate finance advice, in addition to specific wealth management and banking products and services. – Personal & Corporate Banking serves its private, corporate, and institutional clients’ needs, from banking to retirement, financing, investments and strategic transactions , in Switzerland, through its branch network and digital channels. – Asset Management is a global, large-scale and diversified 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. – 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 research, 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 Chief Digital and Information Office, Communications & Branding, Compliance, Finance, Group Sustainability and Impact, Human Resources, Group Legal, Regulatory & Governance, and Risk Control), 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 m Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions UBS For the year ended 31 December 2022 Net interest income 5,273 2,191 (19) (242) (584) 6,621 Non-interest income 13,694 2,111 2,980 1 8,958 199 27,942 Total revenues 18,967 4,302 2,961 8,717 (385) 34,563 Credit loss expense / (release) 0 39 0 (12) 3 29 Operating expenses 13,989 2,452 1,564 6,832 92 24,930 Operating profit / (loss) before tax 4,977 1,812 1,397 1,897 (480) 9,604 Tax expense / (benefit) 1,942 Net profit / (loss) 7,661 Additional information Total assets 388,530 235,226 17,348 391,320 71,940 1,104,364 Additions to non-current assets 42 13 1 34 1,970 2,060 USD m 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 Total revenues 19,419 4,263 2,617 9,454 (359) 35,393 Credit loss expense / (release) (29) (86) 1 (34) 0 (148) 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 2 395,235 225,370 25,639 346,431 124,507 1,117,182 Additions to non-current assets 56 16 1 30 1,989 2,091 USD m 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 3 13,107 1,858 2,993 9,235 30 27,222 Total revenues 17,134 3,908 2,975 9,519 (452) 33,084 Credit loss expense / (release) 88 257 2 305 42 694 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 1 Includes an USD 848 m gain in Asset Management related to the sale of UBS’s shareholding in Mitsubishi Corp.-UBS Realty Inc. 2 During 2022, UBS refined the methodology applied to allocate balance sheet resources from Group Functions to the business divisions, with prospective effect. If the new methodology had been applied as of 31 December 2021, balance sheet assets allocated to business divisions would have been USD 26 bn higher, of which USD 14 bn related to the Investment Bank. 3 Includes a USD 631 m net gain on the sale of a majority stake in Fondcenter AG (now Clearstream Fund Centre AG), of which USD 571 m was recognized in Asset Management and USD 60 m 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 total revenues 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 2022 Total revenues 1 Total non-current assets USD bn Share % USD bn Share % Americas 2 13.8 40 8.9 46 Asia Pacific 5.6 16 1.5 8 Europe, Middle East and Africa (excluding Switzerland) 7.0 20 2.9 15 Switzerland 7.7 22 6.3 32 Global 0.5 1 0.0 0 Total 34.6 100 19.7 100 For the year ended 31 December 2021 Total revenues 1 Total non-current assets USD bn Share % USD bn Share % Americas 2 14.5 41 9.0 44 Asia Pacific 6.5 18 1.5 7 Europe, Middle East and Africa (excluding Switzerland) 7.0 20 2.9 14 Switzerland 7.8 22 7.1 35 Global (0.3) (1) 0.0 0 Total 35.4 100 20.5 100 For the year ended 31 December 2020 Total revenues 1 Total non-current assets USD bn Share % USD bn Share % Americas 2 13.2 40 9.0 42 Asia Pacific 6.1 18 1.5 7 Europe, Middle East and Africa (excluding Switzerland) 6.5 20 3.0 14 Switzerland 7.1 22 7.6 36 Global 0.1 0 0.0 0 Total 33.1 100 21.1 100 1 During 2022, UBS changed the presentation of its Income statement. Total operating income was renamed Total revenues and excludes Credit loss expense / (release). Note 2b, including prior-period information, has been updated to reflect the new presentation structure, with the disclosure of Total revenues instead of Total operating income. Refer to Note 1b for more information. 2 Predominantly related to the USA.
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 provides financial services, advice and solutions to private wealth clients. Its offering ranges from investment management to estate planning and corporate finance advice, in addition to specific wealth management and banking products and services. – Personal & Corporate Banking serves its private, corporate, and institutional clients’ needs, from banking to retirement, financing, investments and strategic transactions , in Switzerland, through its branch network and digital channels. – Asset Management is a global, large-scale and diversified 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. – 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 research, 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 Chief Digital and Information Office, Communications & Branding, Compliance, Finance, Group Sustainability and Impact, Human Resources, Group Legal, Regulatory & Governance, and Risk Control), 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 m Global Wealth Management Personal & Corporate Banking Asset Management Investment Bank Group Functions UBS AG For the year ended 31 December 2022 Net interest income 5,274 2,192 (19) (241) (688) 6,517 Non-interest income 13,689 2,113 2,980 1 8,958 659 28,398 Total revenues 18,963 4,304 2,961 8,717 (30) 34,915 Credit loss expense / (release) 0 39 0 (12) 3 29 Operating expenses 14,069 2,475 1,565 6,890 928 25,927 Operating profit / (loss) before tax 4,894 1,790 1,396 1,839 (960) 8,960 Tax expense / (benefit) 1,844 Net profit / (loss) 7,116 Additional information Total assets 388,624 235,330 16,971 391,495 73,016 1,105,436 Additions to non-current assets 42 13 1 33 1,773 1,862 USD m 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 Total revenues 19,419 4,264 2,617 9,459 68 35,828 Credit loss expense / (release) (29) (86) 1 (34) 0 (148) 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 2 395,235 225,425 25,202 346,641 123,641 1,116,145 Additions to non-current assets 56 16 1 30 1,689 1,791 USD m 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 3 13,107 1,859 2,993 9,224 504 27,686 Total revenues 17,134 3,908 2,975 9,508 (52) 33,474 Credit loss expense / (release) 88 257 2 305 42 695 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 1 Includes an USD 848 m gain in Asset Management related to the sale of UBS AG’s shareholding in Mitsubishi Corp.-UBS Realty Inc. 2 During 2022, UBS AG refined the methodology applied to allocate balance sheet resources from Group Functions to the business divisions, with prospective effect. If the new methodology had been applied as of 31 December 2021, balance sheet assets allocated to business divisions would have been USD 26 bn higher, of which USD 14 bn related to the Investment Bank. 3 Includes a USD 631 m net gain on the sale of a majority stake in Fondcenter AG (now Clearstream Fund Centre AG), of which USD 571 m was recognized in Asset Management and USD 60 m 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 total revenues 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 2022 Total revenues 1 Total non-current assets USD bn Share % USD bn Share % Americas 2 13.8 40 9.0 48 Asia Pacific 5.6 16 1.5 8 Europe, Middle East and Africa (excluding Switzerland) 7.0 20 2.6 14 Switzerland 7.7 22 5.6 30 Global 0.8 2 0.0 0 Total 34.9 100 18.7 100 For the year ended 31 December 2021 Total revenues 1 Total non-current assets USD bn Share % USD bn Share % Americas 2 14.5 40 9.0 47 Asia Pacific 6.5 18 1.4 7 Europe, Middle East and Africa (excluding Switzerland) 7.0 20 2.6 13 Switzerland 7.8 22 6.3 33 Global 0.1 0 0.0 0 Total 35.8 100 19.3 100 For the year ended 31 December 2020 Total revenues 1 Total non-current assets USD bn Share % USD bn Share % Americas 2 13.2 39 9.0 45 Asia Pacific 6.1 18 1.4 7 Europe, Middle East and Africa (excluding Switzerland) 6.5 20 2.7 14 Switzerland 7.1 21 6.9 34 Global 0.5 2 0.0 0 Total 33.5 100 20.0 100 1 During 2022, UBS AG changed the presentation of its Income statement. Total operating income was renamed Total revenues and excludes Credit loss expense / (release). Note 2b, including prior-period information, has been updated to reflect the new presentation structure, with the disclosure of Total revenues instead of Total operating income. Refer to Note 1b for more information. 2 Predominantly related to the USA.