Rothschild Bank AG Zurich - Rothschild | Private Banking & Trust

Notes to the Financial Statements
10 Client assets
Type of client assets
Information on the Income Statement
31. 3. 2010 31. 3. 2009 Change
CHF Mio. CHF Mio. CHF Mio. %
Other client assets 6,601 6,021 580 9.6
Fund assets managed by RBZ Group 187 76 111 146.1
Assets with management mandates 3,509 2,885 624 21.6
Total client assets (incl. double count) 10,297 8,982 1,315 14.6
thereof double count 187 78 109 139.7
Net new assets 548 1,248 – 700 – 56.1
Custody assets 1,852 2,144 – 292 – 13.6
Client assets include deposits as well as the market value of securities, precious metals and fiduciary investments. Net new assets
consist of all external cash deposits and withdrawals on client accounts as well as all external in- and outflows from / into client
deposits. Interest and dividend income are not taken into account.
Assets with management mandate cover both assets deposited with Group companies and assets deposited at third-party
institutions for which the Bank holds a management mandate.
Custody assets include assets for which the Bank provides custody services only. These relate mainly to assets from Group
Companies. In addition, assets from the Banks’ pension schemes and assets of employees are included.
11 Results from trading operations
2009/10 2008/09 Change
1000 CHF 1000 CHF 1000 CHF %
Profit on foreign exchange and bank notes 17,279 15,796 1,483 9.4
Profit on bullion transactions 1,103 874 229 26.2
Profit on securities 1,197 29 1,168 n.a.
Total 19,579 16,699 2,880 17.2
12 Depreciation and write-offs of non-current assets
Depreciation includes the write-off of the 100% owned subsidiary Rothschild Gestión S.A. (Madrid) in the amount of CHF 11.8
million. The company was liquidated during the financial year 2009/10. Since the collective valuation method according to BAG-
FINMA para. 17 is applied, no write-offs were required in the past.
This write-off does not impact the consolidated financial statements of Rothschild Bank AG, Zurich (losses were included in
prior years).
Part 3 Rothschild Bank AG Zurich
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