Other income (Tables)

12 Months Ended

Dec. 31, 2023

Other Income Tables [Line Items]

Disclosure Of Other Operating Income Tables Explanatory

For the year ended

USD m

31.12.23

31.12.22

31.12.21

Associates, joint ventures and subsidiaries

Net gains / (losses) from acquisitions and disposals of subsidiaries

1

24

148

(11)

Net gains / (losses) from disposals of investments in associates and joint ventures

4

844

2

41

Share of net profits of associates and joint ventures

(348)

3

32

105

Total

(319)

1,024

135

Net gains / (losses) from disposals of financial assets measured at fair value through other comprehensive income

3

(1)

9

Income from properties

4

39

20

23

Net gains / (losses) from properties held for sale

12

24

100

5

Other

6

648

7

391

8

185

9

Total other income

384

1,459

452

1 Includes foreign exchange gains / (losses) reclassified from other comprehensive income related to the disposal or closure of foreign operations. Refer to Note 30 for more information about UBS’s acquisitions and

disposals of subsidiaries and businesses. 2 Includes an USD

848

m gain related to the sale of UBS’s shareholding in Mitsubishi Corp.-UBS Realty Inc. 3 Includes a USD

508

m share of proportionate impairment

losses reflected in the SIX Group profit and loss, of which USD

317

m reported in Personal and Corporate Banking and USD

190

m reported in Global Wealth Management. 4 Includes rent received from third parties. 

5 Mainly relates to the sale of a property in Basel. 6 Includes gains of USD

160

m related to the repurchase of UBS‘s own debt instruments (compared with gains of USD

98

m in 2022 and losses of USD

60

m in

2021). 7 Includes USD

174

m of mortgage servicing rights fee income from the Credit Suisse Group. 8 Mainly relates to a portion of the total USD

133

m gain on the sale of UBS’s domestic wealth management

business in Spain of USD

111

m (with the remaining amount disclosed within Net gains / (losses) from acquisitions and disposals of subsidiaries), income of USD

111

m related to a legacy litigation settlement and a

legacy bankruptcy claim, and gains of USD

98

m related to the repurchase of UBS’s own debt instruments (compared with losses of USD

60

m in 2021). 9 Includes a gain of USD

100

m from the sale of UBS’s domestic

wealth management business in Austria.