UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

 

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

Date: August 3, 2017

 

UBS Group AG

Commission File Number: 1-36764

 

UBS AG  

Commission File Number: 1-15060

 

 

(Registrants' Names)

 

Bahnhofstrasse 45, Zurich, Switzerland and
Aeschenvorstadt 1, Basel, Switzerland

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20‑F or Form 40-F.

 

 

Form 20-F                         Form 40-F 

 

 


 

UBS AG produces regular annual and quarterly reports, which are submitted to the SEC under Forms 20-F and 6-K, respectively. These reports are prepared in accordance with International Financial Reporting Standards (IFRS). SEC regulations require certain additional disclosures to be included in registration statements relating to offerings of securities. Certain of this additional disclosure follows herein, and should be read in conjunction with the annual report on Form 20-F for the year ended 31 December 2016 of UBS Group AG and UBS AG, filed with the SEC on 10 March 2017, as well as UBS AG's first quarter 2017 report, submitted to the SEC on Form 6-K on 3 May 2017, and UBS AG's second quarter 2017 report, submitted to the SEC on Form 6-K on 3 August 2017.



 

Capitalization of UBS AG

 

The following table presents the consolidated capitalization of UBS AG in accordance with International Financial Reporting Standards (IFRS) in Swiss francs, the presentation currency of UBS AG, and translated into US dollars.

 

 

 

As of

 

 

30.6.17

 

31.3.17

in million

 

CHF

USD

 

CHF

USD

Debt:

 

 

 

 

 

 

Short term debt issued¹

 

72,805

75,864

 

65,569

65,442

Long term debt issued²

 

65,883

68,652

 

68,634

68,501

Total debt issued

 

138,688

144,516

 

134,203

133,943

Equity attributable to UBS AG shareholders

 

51,735

53,909

 

51,990

51,889

Equity attributable to preferred note holders

 

657

684

 

641

639

Equity attributable to non-controlling interests

 

37

38

 

38

38

Total capitalization

 

191,116

199,148

 

186,872

186,510

1 Short-term debt issued is comprised of debt issued (held at amortized cost) and financial liabilities designated at fair value issued by UBS AG and its subsidiaries with a remaining contractual maturity of less than one year without considering any early redemption features.    2 Long-term debt issued is comprised of debt issued (held at amortized cost) and financial liabilities designated at fair value issued by UBS AG and its subsidiaries with a remaining contractual maturity of more than one year without considering any early redemption features.

 

Swiss franc (CHF) amounts as of 30 June 2017 have been translated into US dollars (USD) at the rate of CHF 1 = USD 0.95967 (the exchange rate in effect as of 30 June 2017), and CHF amounts as of 31 March 2017 have been translated into USD at the rate of CHF 1 = USD 0.99806 (the exchange rate in effect as of 31 March 2017).

 


 

Ratio of Earnings to Fixed Charges of UBS AG

 

The following table sets forth UBS AG’s ratio of earnings to fixed charges on an IFRS basis for the periods indicated. The ratios are calculated based on earnings from continuing operations. Ratios of earnings to fixed charges and preferred share dividends are not presented as there were no mandatory preferred share dividends in any of the periods indicated.

 

 

 

For the quarter ended

 

For the year ended

CHF million, except for ratio

 

30.6.17

 

31.12.16

 

31.12.15

 

31.12.14

 

31.12.13

 

31.12.12

Pre-tax earnings from continuing operations

 

1,449

 

4,009

 

5,349

 

2,424

 

3,287

 

(1,851)

Add: Fixed charges

 

2,321

 

7,998

 

7,052

 

7,293

 

8,030

 

10,688

Pre-tax earnings before fixed charges

 

3,770

 

12,007

 

12,401

 

9,717

 

11,317

 

8,836

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

     Interest expense

 

2,186

 

7,399

 

6,449

 

6,639

 

7,351

 

9,990

     Other¹

 

135

 

599

 

603

 

653

 

679

 

698

Total fixed charges

 

2,321

 

7,998

 

7,052

 

7,293

 

8,030

 

10,688

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges²

 

1.62

 

1.50

 

1.76

 

 1.33 

 

 1.41 

 

 0.83³ 

1 Other fixed charges relate to the interest component of rental expense.    2 A ratio of earnings to combined fixed charges and preference security dividend requirements is not presented as it equals the ratio of earnings to fixed charges.    3 For the year ended 31 December 2012, the ratio of earnings to fixed charges was less than 1.00. The amount by which total fixed charges exceeded pre-tax earnings from continuing operations for this period was CHF 1,851 million.

  

 


 

This Form 6-K is hereby incorporated by reference into (1) each of the registration statements of UBS AG on Form F-3 (Registration Number 333-204908) and of UBS Group AG on Form S-8 (Registration Numbers 333-200634; 333-200635; 333-200641; 333-200665; 333-215254; and 333-215255) and into each prospectus outstanding under any of the foregoing registration statements, (2) any outstanding offering circular or similar document issued or authorized by UBS AG that incorporates by reference any Form 6-K’s of UBS AG that are incorporated into its registration statements filed with the SEC, and (3) the base prospectus of Corporate Asset Backed Corporation (“CABCO”) dated June 23, 2004 (Registration Number 333-111572), the Form 8-K of CABCO filed and dated June 23, 2004 (SEC File Number 001-13444), and the Prospectus Supplements relating to the CABCO Series 2004-101 Trust dated May 10, 2004 and May 17, 2004 (Registration Number 033-91744 and 033-91744-05).

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

UBS Group AG

 

 

 

By: _/s/ David Kelly_____________

Name:  David Kelly

Title:     Managing Director

 

 

 

By: _/s/ Federica Pisacane Rohde___

Name:  Federica Pisacane Rohde

      Title:    Executive Director

 

 

UBS AG

 

 

 

By: _/s/ David Kelly_____________

Name:  David Kelly

Title:     Managing Director

 

 

 

By: _/s/ Federica Pisacane Rohde___

Name:  Federica Pisacane Rohde

      Title:    Executive Director

 

 

 

 

Date:  August 3, 2017

 

 


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