UBS Group AG 6-K, filed Jul 29, 2022

UBS Group AG (UBS)

6-K 2022-07-29 For: 2022-06-30

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Added on July 04, 2026

About this 6-K

UBS Group AG filed this 6-K on July 29, 2022.

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Table of contents
UBS Group AG standalone
1	Income statement
1	Balance sheet
1	Basis of accounting

Appendix
2	Cautionary statement

Income statement
	USD m		CHF m
	Year-to-date		Year-to-date
	30.6.22	30.6.21	30.6.22	30.6.21
Dividend income from the investment in UBS AG	4,200	4,539	4,087	4,149
Other operating income	1,174	1,068	1,112	977
Operating income	5,374	5,607	5,199	5,126
Operating expenses	965	935	910	855
Operating profit / (loss) before tax	4,409	4,672	4,289	4,271
Tax expense / (benefit)	10	3	10	3
Net profit / (loss) for the period	4,399	4,668	4,280	4,267

Balance sheet
	USD m		CHF m
	30.6.22	31.12.21	30.6.22	31.12.21

Assets
Current assets	4,340	7,872	4,146	7,177
Non-current assets	103,576	97,576	98,948	88,957
of which: investment in UBS AG	*40,889*	40,889	*39,062*	37,277
Total assets	107,916	105,448	103,095	96,133

Liabilities
Short-term liabilities	3,591	6,578	3,431	5,997
Long-term liabilities	63,789	58,149	60,939	53,013
Total liabilities	67,380	64,727	64,370	59,010
of which: Deferred Contingent Capital Plan	*1,459*	1,614	*1,394*	1,472
of which: other deferred compensation plans	*2,379*	2,658	*2,273*	2,423

Equity
Share capital^1,2	359	377	352	370
General reserve^2,3	23,826	26,161	23,522	25,682
of which: statutory capital reserve	*23,826*	26,161	*23,522*	25,682
of which: capital contribution reserve	*23,826*	26,161	*23,522*	25,682
Voluntary earnings reserve^2,3	16,360	14,146	14,776	11,153
Treasury shares²	(4,407)	(4,629)	(4,206)	(4,345)
of which: against capital contribution reserve	*(1,389)*	(1,242)	*(1,314)*	(1,145)
Net profit / (loss)	4,399	4,664	4,280	4,264
Equity attributable to shareholders	40,536	40,720	38,725	37,124
Total liabilities and equity	107,916	105,448	103,095	96,133
1 Refer to “Share information and earnings per share” in the “Capital management” section of the UBS Group second quarter 2022 report for information about UBS Group AG shares. 2 Reflects the cancellation of 177,787,273 shares, each with a nominal value of CHF 0.10, purchased under the 2021 share repurchase program as approved by shareholders at the Annual General Meeting held on 6 April 2022. Share capital has been reduced by the nominal value of the repurchased shares upon cancellation, i.e., USD 18m (CHF 18m). Following the requirements of Swiss tax law for Switzerland-domiciled companies with shares listed on a Swiss stock exchange, effective 1 January 2020, the capital contribution reserve and the voluntary earnings reserve were each reduced by 50% of the total capital reduction amount exceeding the nominal value upon cancellation of the repurchased shares, i.e., each by USD 1,502m (CHF 1,383m). Amounts disclosed in Swiss francs may differ from the purchase price of the shares due to the applied method of converting US dollars to Swiss francs for presentation purposes. 3 During the second quarter of 2022, as approved by the Annual General Meeting held on 6 April 2022, the payment of an ordinary cash dividend of USD 0.50 (gross) per dividend-bearing share, totaling USD 1,668m (CHF 1,553m), was made, half of it from the capital contribution reserve within the general reserve and the other half from total profit available for appropriation. The remaining amount of total profit available for appropriation (i.e., USD 3,830m from USD 4,664m respectively CHF 3,488m from CHF 4,264m) was appropriated to the voluntary earnings reserve.

Table of contents
UBS Switzerland AG standalone interim financial statements
1	Income statement
2	Balance sheet
3	Basis of accounting and items impacting comparability
3	Joint and several liability

Appendix
4	Cautionary statement

Income statement
	Year-to-date
CHF m	30.6.22	30.6.21
Interest and discount income¹	1,656	1,535
Interest and dividend income from trading portfolio	0	1
Interest and dividend income from financial investments	30	36
Interest expense²	(13)	(67)
Gross interest income	1,673	1,505
Credit loss (expense) / release	(46)	83
Net interest income	1,627	1,588
Fee and commission income from securities and investment business	1,929	1,893
Credit-related fees and commissions	111	95
Other fee and commission income	413	362
Fee and commission expense	(232)	(219)
Net fee and commission income	2,221	2,131
Net trading income	497	391
Net income from disposal of financial investments	1	1
Dividend income from investments in subsidiaries and other participations	13	14
Sundry ordinary income	94	105
Sundry ordinary expenses	(47)	(6)
Other income from ordinary activities	60	114
Total operating income	4,404	4,224
Personnel expenses	1,077	1,155
General and administrative expenses	1,661	1,649
Subtotal operating expenses	2,738	2,804
Depreciation and impairment of property, equipment and software	69	39
Changes in provisions for litigation, regulatory and similar matters, and other provisions	3	(1)
Total operating expenses	2,810	2,842
Operating profit	1,593	1,382
Tax expense / (benefit)	295	262
Net profit / (loss) for the period	1,298	1,121
1 Interest and discount income includes negative interest income on financial assets of CHF 32m and CHF 70m for the periods ended 30 June 2022 and 30 June 2021, respectively. 2 Interest expense includes negative interest expense on financial liabilities of CHF 215m and CHF 158m for the periods ended 30 June 2022 and 30 June 2021, respectively.

Off-balance sheet items
Contingent liabilities, gross	9,988	10,706
Sub-participations	(771)	(1,101)
Contingent liabilities, net	9,217	9,605
of which: guarantees to third parties related to subsidiaries	17	16
of which: credit guarantees and similar instruments	*4,194*	3,886
of which: performance guarantees and similar instruments	*2,515*	2,448
of which: documentary credits	*2,491*	3,255
Irrevocable commitments, gross	16,653	17,444
Sub-participations	(2)	(3)
Irrevocable commitments, net	16,651	17,441
of which: loan commitments	*15,755*	16,545
of which: payment commitment related to deposit insurance	*896*	896
Forward starting transactions¹	732	50
of which: reverse repurchase agreements	*487*	50
of which: repurchase agreements	*245*	0
Liabilities for calls on shares and other equity instruments	50	50
1 Cash to be paid in the future by either UBS or the counterparty.

Balance sheet
CHF m	30.6.22	31.12.21

Assets
Cash and balances at central banks	86,800	82,990
Due from banks	4,191	3,951
Receivables from securities financing transactions	2,551	4,958
Due from customers	53,883	54,997
Mortgage loans	162,407	159,569
Trading portfolio assets	1,747	1,833
Derivative financial instruments	2,093	1,901
Financial investments	7,794	9,030
Accrued income and prepaid expenses	254	236
Investments in subsidiaries and other participations	91	96
Property, equipment and software	915	699
Other assets	522	395
Total assets	323,248	320,656
of which: subordinated assets	1	0

Liabilities
Due to banks	36,335	30,628
of which: eligible as total loss-absorbing capacity	*16,707*	16,240
Payables from securities financing transactions	446	480
Due to customers	258,157	261,192
Trading portfolio liabilities	322	339
Derivative financial instruments	2,290	1,459
Loans from central mortgage institutions	8,772	8,624
Accrued expenses and deferred income	805	1,056
Other liabilities	1,767	1,872
Provisions	269	271
Total liabilities	309,164	305,919

Equity
Share capital	10	10
General reserve	11,354	11,354
of which: statutory capital reserve	*11,354*	11,354
of which: capital contribution reserve	*11,354*	11,354
Voluntary earnings reserve	1,423	921
Net profit / (loss) for the period	1,298	2,452
Total equity	14,084	14,736