UBS Group AG Files 6-K Report

TL;DR

UBS Group AG dropped its 6-K filing on 8/23, showing June 30 data.

AI Summary

UBS Group AG filed a Form 6-K on August 23, 2024, reporting information as of June 30, 2024. The filing includes details for both UBS Group AG and UBS AG, with principal executive offices located in Zurich, Switzerland. The filing is made under the 1934 Securities Exchange Act.

Why It Matters

This filing provides updated information for investors and regulators regarding UBS Group AG's financial and operational status as of mid-2024.

Risk Assessment

Risk Level: low — This is a routine filing providing updated corporate information, not indicating any immediate financial distress or significant new risks.

Key Players & Entities

• UBS Group AG (company) — Registrant
• UBS AG (company) — Registrant
• August 23, 2024 (date) — Filing Date
• June 30, 2024 (date) — Period of Report
• Zurich, Switzerland (location) — Principal Executive Office

FAQ

Filing Documents

• edgarkubsagproforma.htm (6-K) — 95KB
• edgarkubsagproforma23p5i0.gif (GRAPHIC) — 64KB
• edgarkubsagproforma23p6i0.gif (GRAPHIC) — 79KB
• edgarkubsagproforma23p8i0.gif (GRAPHIC) — 102KB
• 0001114446-24-004272.txt ( ) — 435KB

Business

Business Combinations specifically scopes out such transactions; therefore, the application of the acquisition method is not required. Instead, in the absence of a specific IFRS Accounting Standards requirement, UBS Parent Bank applied the carry over basis (also referred to as the predecessor accounting method) consistent with previous UBS group -internal legal entity transactions and as commonly applied under Swiss regulations. Under the carry over basis, the IFRS Accounting Standards-equivalent financial statement carrying amounts of Credit Suisse Parent Bank are added across each line item with the UBS Parent Bank financial adjustments are made to reflect, for example, the fair value of amortized cost assets and the fair value of non-financial assets and liabilities that were recorded in the UBS Group AG consolidated financial method as required under IFRS 3 Business Combinations on 31 May 2023 for the acquisition of Credit Suisse Group AG (note that with the acquisition date of 12 June 2023, for convenience the Credit Suisse Group was consolidated with effect from 31 May 2023, as the effect of transactions and activities in the period from 31 May 2023 to 12 June 2023 on the consolidated financial The unaudited pro forma condensed combined financial information is presented for illustrative purposes only and reflects estimates and assumptions made by UBS Parent Bank's management that it considers reasonable. The unaudited pro forma condensed combined financial information does not purport to represent what UBS Parent Bank's actual results of operations or financial condition would have been had the Transaction occurred on 1 January 2023, nor is it necessarily indicative of future results of operations or financial condition. Adjustments enumerated in this document are pro forma in nature and are r

financial statements of UBS Group AG as of and

financial statements of UBS Group AG as of and for the year ended 31 December 2023, included in the UBS Group AG Annual Report, or in the unaudited, interim consolidated

financial statements of UBS Group AG as of and for the six-month period

financial statements of UBS Group AG as of and for the six-month period ended 30 June 2024. The unaudited pro forma condensed combined financial information does not reflect expense efficiencies, asset dispositions or business reorganizations that are or may be contemplated, or any cost or revenue synergies, including any potential restructuring actions. The unaudited pro forma condensed combined income statement for the year ended 31 December 2023 should be read in conjunction with the consolidated financial statements of UBS Parent Bank and Credit Suisse Parent Bank and the accompanying notes included in UBS Parent Bank's and Credit Suisse Parent Bank's 2023 Annual Reports on Form 20-F and 2023 interim financial reports on Form 6-K, as well as the additional disclosures contained therein. The unaudited pro forma condensed combined income statement of UBS Parent Bank for the six-month period ended 30 June 2024 should be read in conjunction with the consolidated financial statements of UBS Parent Bank and the accompanying notes included in UBS Parent Bank's interim financial report on Form 6-K for the six-month period ended 30 June 2024, and the additional disclosures contained therein. These documents are available on UBS's website at www.ubs.com/investors and at the SEC's website at www.sec.gov. Unaudited Pro Forma Condensed Combined Income Statement for the six-month period ended 30 June 2024 1 Reflects the pre-merger unaudited historical condensed income statement of Credit Suisse Parent Bank for the five-month period ended 31 May 2024 derived from Credit Suisse Parent Bank's books and records prepared under IFRS Accounting Standards. Refer to Note 1 in the explanatory notes for further information. 2 Refer to Note 3l) in the explanatory notes for further information. See accompanying notes. Unaudited Pro Forma Condensed Combined Income Statement for the year ended 31 December 2023 1 Reflects the U.S. GAAP income state

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized. UBS Group AG By: _/s/ Steffen Henrich_______________ _ Name: Steffen Henrich Title: Group Controller By: _/s/ David Kelly_________________ _ Name: David Kelly Title: Managing Director UBS AG By: _/s/ Steffen Henrich_______________ _ Name: Steffen Henrich Title: Controller By: _/s/ David Kelly_________________ _ Name: David Kelly Title: Managing Director Date: August 23, 2024

View Full Filing

View this 6-K filing on SEC EDGAR