Report of Foreign Issuer (6-k)
February 02 2016 - 7:10AM
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: February
2, 2016
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.
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 third
quarter 2015 report, submitted to the SEC on Form 6-K on 6 November 2015.
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.
|
|
As of
|
|
|
31.12.15
|
|
30.9.15
|
in million
|
|
CHF
|
USD
|
|
CHF
|
USD
|
Debt
|
|
|
|
|
|
|
Short term debt issued¹
|
|
50,895
|
50,811
|
|
56,410
|
57,865
|
Long term debt issued²
|
|
87,999
|
87,854
|
|
92,892
|
95,287
|
Total debt issued
|
|
138,893
|
138,665
|
|
149,302
|
153,152
|
Equity attributable to UBS AG shareholders
|
|
55,248
|
55,157
|
|
54,126
|
55,521
|
Equity attributable to preferred note holders
|
|
1,954
|
1,951
|
|
1,919
|
1,969
|
Equity attributable to non-controlling interests
|
|
41
|
41
|
|
38
|
39
|
Total capitalization
|
|
196,137
|
195,814
|
|
205,385
|
210,681
|
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 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 AG and its subsidiaries with a remaining maturity of more than one year.
|
Swiss
franc (CHF) amounts as of 31 December 2015 have been
translated into U.S. dollars (USD) at the rate of CHF 1 = USD 0.99835 (the exchange rate in effect as of 31 December 2015), and CHF
amounts as of 30 September 2015
have been translated into U.S. dollars (USD) at the rate of CHF 1 = USD 1.02579 (the exchange rate in effect as of 30 September 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.
|
|
For the quarter ended
|
|
For the year ended
|
CHF million, except for
ratio
|
|
31.12.15
|
|
31.12.14
|
|
31.12.13
|
|
31.12.12
|
|
31.12.11
|
|
31.12.10
|
Pre-tax earnings from continuing operations
|
|
287
|
|
2,424
|
|
3,287
|
|
(1,851)
|
|
5,025
|
|
6,983
|
Add: Fixed charges
|
|
1,548
|
|
7,293
|
|
8,030
|
|
10,688
|
|
11,831
|
|
13,471
|
Pre-tax earnings before fixed charges
|
|
1,835
|
|
9,717
|
|
11,317
|
|
8,836
|
|
16,856
|
|
20,454
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
1,386
|
|
6,639
|
|
7,351
|
|
9,990
|
|
11,143
|
|
12,657
|
Other¹
|
|
162
|
|
653
|
|
679
|
|
698
|
|
688
|
|
814
|
Total fixed charges
|
|
1,548
|
|
7,293
|
|
8,030
|
|
10,688
|
|
11,831
|
|
13,471
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed
charges²
|
|
1.19
|
|
1.33
|
|
1.41
|
|
0.83³
|
|
1.42
|
|
1.52
|
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; and 333-200665) 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/
Sarah M. Starkweather____
Name: Sarah M.
Starkweather
Title:
Executive Director
UBS AG
By: _/s/
David Kelly_____________
Name: David
Kelly
Title:
Managing Director
By: _/s/
Sarah M. Starkweather____
Name: Sarah M.
Starkweather
Title:
Executive Director
Date:
February 2, 2016
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