XML 168 R56.htm IDEA: XBRL DOCUMENT v3.22.4
Segment reporting (Tables)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Entity [Table]      
Disclosure Of Operating Segments Explanatory
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.
Disclosure Of Geographical Areas Explanatory
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 Operating Segments Explanatory
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.
Disclosure Of Geographical Areas Explanatory
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.