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Provisions
6 Months Ended
Jun. 30, 2021
Disclosure Of Other Provisions [Line Items]  
Disclosure Of Provisions Explanatory
Note 14
 
Provisions and contingent liabilities
a) Provisions
The table below presents an overview of total provisions.
USD million
30.6.21
31.3.21
31.12.20
Provisions other than provisions for expected credit losses
2,646
2,481
2,571
Provisions for expected credit losses
209
245
257
Total provisions
2,855
2,726
2,828
The following table presents additional information for provisions other than provisions for expected credit losses.
USD million
Litigation,
regulatory and
similar matters
1
Restructuring
2
Other
3
Total
Balance as of 31 December 2020
2,135
72
363
2,571
Balance as of 31 March 2021
2,072
61
348
2,481
Increase in provisions recognized in the income statement
87
147
33
267
Release of provisions recognized in the income statement
(24)
(6)
(4)
(34)
Provisions used in conformity with designated purpose
(27)
(23)
(31)
(82)
Capitalized reinstatement costs
0
0
(1)
(1)
Reclassifications
0
1
(1)
0
Foreign currency translation / unwind of discount
11
(2)
5
13
Balance as of 30 June 2021
2,119
179
348
2,646
1 Comprises provisions for losses resulting
 
from legal, liability and compliance
 
risks.
 
2 Includes personnel-related restructuring provisions
 
of USD
135
 
million as of 30 June 2021
 
(31 March 2021: USD
12
 
million;
31 December 2020: USD
18
 
million) and provisions for onerous contracts of
 
USD
40
 
million as of 30 June 2021 (31 March 2021: USD
44
 
million; 31 December 2020: USD
49
 
million).
 
3 Mainly includes provisions
related to real estate, employee benefits and operational risks.
Restructuring
 
provisions
 
primarily
 
relate
 
to
 
personnel
-
related
provisions and onerous contracts. Personnel-related restructuring
provisions
 
are
 
used
 
within
 
a
 
short
 
time
 
period
 
but
 
potential
changes in amount may be
 
triggered when natural staff
 
attrition
reduces the
 
number of
 
people affected
 
by a
 
restructuring event
and
 
therefore
 
the
 
estimated
 
costs.
 
Onerous
 
contracts
 
for
property
 
are
 
recognized
 
when
 
UBS
 
is
 
committed
 
to
 
pay
 
for
non-lease
 
components,
 
such
 
as
 
utilities,
 
service
 
charges,
 
taxes
and
 
maintenance,
 
when
 
a
 
property
 
is
 
vacated
 
or
 
not
 
fully
recovered from sub-tenants.
 
Information
 
about
 
provisions
 
and
 
contingent
 
liabilities
 
in
respect of
 
litigation, regulatory
 
and similar
 
matters, as
 
a class, is
included in Note
 
14b. There are
 
no material contingent liabilities
associated with the other classes of provisions.