Report of Foreign Issuer (6-k)
August 03 2017 - 06:21AM
Edgar (US Regulatory)
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.
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
UBS (NYSE:UBS)
Historical Stock Chart
From Feb 2024 to Mar 2024
UBS (NYSE:UBS)
Historical Stock Chart
From Mar 2023 to Mar 2024