Annual Report 2005 - Bank am Bellevue

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Consolidated financial statements Balance sheet Consolidated financial statements 2005 Balance sheet CHF 1,000 Note 31.12.2005 31.12.2004 Assets Cash 317,267 39,222 Due from banks 485,687 223,292 Due from customers 1 371,940 393,336 Securities trading portfolios 2 80,287 37,029 Derivative financial instruments 18 43,371 21,647 Financial investments 3 196,223 133,770 Associated participations 4 1,383 1,383 Fixed assets 5 22,292 22,719 Intangible fixed assets 6 79,558 535 Goodwill 7 160,289 0 Prepaid expenses and accrued income 2,941 3,988 Current tax assets 18,450 10,262 Other assets 9 5,066 29,232 Total assets 1,784,754 916,415 Liabilities and shareholders’ equity Due to banks 92,830 137,129 Due to customers 910,779 435,253 Derivative financial instruments and other trading liabilities 18 189,242 41,663 Debt issued 11 150,000 0 Deferred income 29,076 21,117 Other liabilites 10 43,619 5,138 Current tax liabilities 5,539 2,141 Deferred tax liabilities 12 18,939 3,565 Provisions 13 7,062 8,709 Total liabilities 1,447,086 654,715 Share capital 14 1,050 5,000 Treasury shares 1,351 –98,899 Capital reserve 27,250 0 Retained earnings 285,888 332,555 Equity attributable to shareholders of Swissfirst AG 315,539 238,656 Minority interests 22,129 23,044 Total equity 337,668 261,700 Total liabilities and shareholders’ equity 1,784,754 916,415
Consolidated financial statements Profit and loss account Profit and loss account CHF 1,000 Note 2005 2004 Net interest income Interest and discount income 21,222 15,485 Dividend income 2,183 877 Interest expenses –9,788 –5,055 Subtotal: Net interest income 13,617 11,307 Net commission and service fee income Commission income from lending activities 96 143 Commission income from securities and investment business 20 85,422 66,842 Commission income from other services 3,420 2,440 Commission expenses –7,315 –6,924 Subtotal: Net commission and service fee income 81,623 62,501 Net trading income Securities trading 7,797 3,660 Foreign exchange trading 4,280 3,394 Subtotal: Net trading income 12,077 7,054 Other ordinary income Real estate income 253 258 Income from associated companies 0 234 Income from sales of financial investments 8,744 1,966 Sundry ordinary expenses –1,427 –1,052 Sundry ordinary income 3,216 1,628 Subtotal: Other ordinary income 10,786 3,034 Net operating income 118,103 83,896 Operating expenses Personnel expenses 21 –24,035 –23,886 Other operating expenses 22 –17,631 –12,117 Subtotal: Operating expenses –41,666 –36,003 Gross operating profit 76,437 47,893 Depreciation and amortization on fixed assets 23 –1,405 –1,324 Depreciation and amortization on intangible fixed assets 23 –2,142 –392 Valuation adjustments, provisions and losses 13 –3,015 –726 Taxes 24 –6,041 –4,198 Group net profit 63,834 41,253 Attributable to: – Shareholders of Swissfirst AG 59,719 38,368 – Minority interests 4,115 2,885 CHF 1,000 Note 2005 2004 Earnings per share 25 6.02 3.95* Earnings per share (diluted) 25 5.98 3.84* Earnings per share on the aggregate par value 5.69 3.84* * adjusted for the 2-for-1 split on 17.5.2005
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Annual Report 2005 - Bank am Bellevue

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