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Basis of accounting (Policy)
 6 Months Ended
Jun. 30, 2024
Disclosure Of Material Accounting Policies Descriptions [Line Items]  
Basis of preparation
Basis of preparation
The consolidated
 
financial statements
 
(the financial
 
statements) of
 
UBS Group AG and
 
its subsidiaries
 
(together,
UBS
 
or
 
the
 
Group)
 
are
 
prepared
 
in
 
accordance
 
with
 
IFRS
 
Accounting
 
Standards, as
 
issued
 
by
 
the
 
International
Accounting Standards
 
Board (the
 
IASB), and
 
are
 
presented in
 
US
 
dollars. 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
2023, except for the changes described in this Note and changes
 
in segment reporting as set out in Note 3. These
interim
 
financial
 
statements
 
are
 
unaudited
 
and
 
should
 
be
 
read
 
in
 
conjunction
 
with
 
UBS Group AG’s
 
audited
consolidated financial statements in
 
the UBS Group Annual Report
 
2023 and the “Management
 
report” sections
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.
Critical accounting estimates and judgments 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 UBS Group Annual Report 2023.