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Other income (Tables)
12 Months Ended
Dec. 31, 2024
Other Income Tables [Line Items]  
Disclosure Of Other Operating Income Tables Explanatory
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended
USD m
31.12.24
31.12.23
31.12.22
Associates, joint ventures and subsidiaries
Net gains / (losses) from acquisitions and disposals of
 
subsidiaries
1
9
24
148
Net gains / (losses) from disposals of investments in associates
 
and joint ventures
135
4
844
2
Share of net profits of associates and joint ventures
3
144
(348)
32
Total
288
(319)
1,024
Net gains / (losses) from disposals of financial assets measured
 
at fair value through other comprehensive income
0
3
(1)
Income from properties
4
49
39
20
Net gains / (losses) from properties held for sale
(17)
12
24
Other
5
354
6
648
7
391
8
Total other income
675
384
1,459
1 Includes foreign exchange gains / (losses) reclassified from other comprehensive income
 
related to the disposal or closure of foreign operations.
 
Refer to Note 29 for more information about UBS’s
 
acquisitions and
disposals of subsidiaries and businesses.
 
2 2022 included an USD
848
m gain related to the sale of UBS’s
 
shareholding in Mitsubishi Corp.-UBS Realty Inc.
 
3 2024 includes a loss of USD
80
m due to UBS’s share
of proportionate impairment losses reflected in the profit and loss of an
 
associate (2023: loss of USD
508
m).
 
4 Includes rent received from third parties.
 
5 2024 includes gains of USD
21
m related to the repurchase
of UBS’s own
 
debt instruments (compared with gains
 
of USD
160
m in 2023 and gains
 
of USD
98
m in 2022).
 
6 Includes USD
113
m net gains in Asset Management
 
from the sale of the
 
Brazilian real estate fund
management business.
 
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.