Report of Foreign Issuer (6-k)
July 31 2015 - 10:13AM
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: July 31, 2015
UBS Group AG
Commission File Number: 1-36764
UBS AG
Commission File Number: 1-15060
(Registrants’ Names)
Bahnhofstrasse 45, Zurich, Switzerland
(Address of principal executive office)
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 x Form 40-F ¨
UBS AG produces regular quarterly reports, which are submitted to the SEC under Form 6-K. 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 2014 of UBS Group AG and UBS AG, filed with the SEC on 13 March 2015, as well as UBS AG’s first quarter
2015 report and second quarter 2015 report, submitted to the SEC on Forms 6-K on 8 May 2015 and 31 July 2015, respectively.
Capitalization
of UBS AG
The following table presents the consolidated capitalization of UBS AG in accordance with International Financial Reporting Standards (IFRS)
and translated into US dollars.
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As of |
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30.6.15 |
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31.3.15 |
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| in million |
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CHF |
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USD |
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CHF |
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USD |
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| Debt |
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| Short term debt issued 1 |
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60,580 |
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64,776 |
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54,054 |
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55,605 |
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| Long term debt issued 2 |
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96,557 |
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103,245 |
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94,660 |
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97,375 |
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| Total debt issued |
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157,137 |
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168,021 |
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148,714 |
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152,980 |
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| Equity attributable to UBS AG shareholders |
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51,685 |
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55,265 |
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53,815 |
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55,359 |
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| Equity attributable to preferred note holders |
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1,840 |
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1,967 |
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1,889 |
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1,943 |
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| Equity attributable to non-controlling interests |
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38 |
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41 |
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39 |
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40 |
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| Total capitalization |
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210,699 |
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225,293 |
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204,456 |
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210,322 |
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| 1 |
Short-term debt issued is comprised of debt issued (held at amortized cost) and financial liabilities designated at fair value issued by UBS with a remaining maturity of less than one year. |
| 2 |
Long-term debt issued is comprised of debt issued (held at amortized cost) and financial liabilities designated at fair value issued by UBS with a remaining maturity of more than one year. |
Swiss franc (CHF) amounts as of 30 June 2015 have been translated into U.S. dollars (USD) at the rate of CHF 1 = USD 1.06927 (the exchange rate in effect
as of 30 June 2015), and CHF amounts as of 31 March 2015 have been translated into U.S. dollars (USD) at the rate of CHF 1 = USD 1.02869 (the exchange rate in effect as of 31 March 2015).
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.
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For the
quarter ended |
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For the year ended |
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| CHF million, except for ratio |
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30.6.15 |
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31.12.14 |
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31.12.13 |
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31.12.12 |
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31.12.11 |
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31.12.10 |
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| Pre-tax earnings from continuing operations |
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1,700 |
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2,424 |
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3,287 |
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(1,851 |
) |
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5,025 |
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6,983 |
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| Add: Fixed charges |
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2,063 |
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7,293 |
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8,030 |
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10,688 |
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11,831 |
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13,471 |
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| Pre-tax earnings before fixed charges |
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3,763 |
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9,717 |
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11,317 |
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8,836 |
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16,856 |
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20,454 |
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| Fixed charges: |
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| Interest expense |
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1,918 |
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6,639 |
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7,351 |
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9,990 |
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11,143 |
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12,657 |
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| Other 1 |
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145 |
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653 |
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679 |
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698 |
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688 |
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814 |
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| Total fixed charges |
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2,063 |
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7,293 |
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8,030 |
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10,688 |
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11,831 |
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13,471 |
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| Ratio of earnings to fixed charges 2 |
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1.82 |
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1.33 |
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1.41 |
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0.83 |
3 |
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1.42 |
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1.52 |
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| 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 333-200212) and of UBS Group AG on Form S-8 (Registration Numbers 333-200634; 333-200635; 333-200641; and 333-200665) and Form F-4 (Registration Number 333-199011) 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.
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| UBS Group AG |
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| By: |
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/s/ David Kelly |
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Name: David Kelly |
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Title: Managing Director |
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| By: |
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/s/ Sarah M. Starkweather |
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Name: Sarah M. Starkweather |
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Title: Executive Director |
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| UBS AG |
|
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| By: |
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/s/ David Kelly |
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Name: David Kelly |
|
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Title: Managing Director |
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| By: |
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/s/ Sarah M. Starkweather |
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Name: Sarah M. Starkweather |
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Title: Executive Director |
Date: July 31, 2015
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