ANNUAL REPORT 2007 BNP PARIBAS (SUISSE) SA

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ANNUAL REPORT 2007 BNP PARIBAS (SUISSE) SA

BNP PARIBAS (SUISSE) SA

ANNUAL REPORT 2007

EXTRACT FROM THE ORIGINAL FRENCH VERSION

OF THE ANNUAL REPORT 2007*

*ONLY THE FRENCH VERSION IS CONTRACTUAL


BNP Paribas (Suisse) SA

Contents

Board of Directors................................................................................................................................................................................................2

Executive Management.....................................................................................................................................................................................3

Extract from the consolidated annual financial statement .........................................................................................................4

Addresses ................................................................................................................................................................................................................10


2

Board of Directors (as of December 31, 2007)

Chairman

Georges CHODRON de COURCEL*

Chief Operating Officer, BNP Paribas, Paris

Vice Chairman

Michel HALPERIN* • Attorney-at-Law, Geneva

Members of the Board

François DEBIESSE*

Chief Executive Officer Private Bank

BNP Paribas, Paris

Christophe R. GAUTIER

Vice Chairman of the Board of Directors,

DKSH Holding Ltd., Zumikon

Peter LENZ • Associate Lenz Caemmerer Bender,

Attorneys, Basle

Vivien LEVY-GARBOUA

Alain PAPIASSE* •

Michel PEBEREAU

Yves PERBEN

Jörg N. RAPPOLD

Domique REMY*

J. Friedrich SAUERLÄNDER

Member of the Executive Board,

BNP Paribas, Paris

Member of the Executive Board,

BNP Paribas, Paris

Chairman of the Executive Board

BNP Paribas, Paris

Member of the Board, Corpofina, Genève

Attorney-at-Law, Zurich

Head of Energy Commodities Export Project,

BNP Paribas, Paris

Director of the Boards, Céligny

Peter G. SULZER • Director of the Boards, Zurich

Secretary of the Board Philippe BERTA Head of Legal

Secretary of the Audit Committee Jean-Claude MATHAIS Head of Ethics and Compliance

Internal Audit Cédric PERRUCHOT Head of Internal Audit

Statutory Auditors

PricewaterhouseCoopers SA

* Members of the Committee of the Board


Members of the Audit Committee


3

Executive Management (as of December 31, 2007)

Executive Management

Pascal BORIS

Patrick DU SAINT

Marcel GAILLARD

Jacques-Olivier THOMANN

Igor JOLY

Philippe BERTA

Chief Executive Officer

General Manager

General Manager

General Manager

Member of the Executive Management

Secretary of the Executive Management


4

Extract from the consolidated annual financial statement

as of December 31, 2007

BNP Paribas (Suisse) SA


5

BNP Paribas (Suisse) SA

CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2007

(with previous year's figures for comparison)

(in CHF)

A S S E T S

31.12.2007 31.12.2006

Cash 143'324’572 141'683'730

Money-market instruments 11'517'319’669 7'914'318'051

Due from banks 9'228'046’645 11'986'827'530

Due from customers 19'171'418’036 13'456'806’692

Mortgage loans 190'836’279 183'864'587

Securities and precious metals trading portfolio 4’502’902’887 3'135'807’899

Financial assets 601'129’021 676'359’808

Non-consolidated participations

and participations reported by equity method 34'078’038 38'892’664

Tangible fixed assets 229'328’327 200'322’588

Intangible assets 70'827’865 90'916'838

Accrued income and prepaid expenses 382'629’266 225'555'813

Other assets 985'563’660 420'196’287

Total assets 47'057'404’265 38'471'552’487

Total due from non-consolidated

participations and significant shareholders 18'689'065’321 17'316'453’768


6

BNP Paribas (Suisse) SA

CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2007

(with last year's figures for comparison)

(in CHF)

L I A B I L I T I E S

31.12.2007 31.12.2006

Money-market instruments 1'326’462 1'284'167

Due to banks 18'954'986’109 16'533'424'372

Due to customers in the form of savings and

investments 1'653'605 4'669'052

Other customer deposits 23'561’778’418 18'320'251'376

Traded issuance 74'677’500 92'649'980

Accrued expenses and deferred income 307'377'340 270'037'633

Other liabilities 708'185'293 597'266'388

Value adjustments and provisions 181'677'812 123'008'004

Reserves for general banking risks 125'873'375 125'873'375

Share capital 320'270'600 320'270'600

Own shares (50'026) (50'026)

Paid-in surplus 2'734’094 2'655'580

Retained earnings 2'076'514'853 1'616'224'098

Group net income for the year 740’398’830 463'987'888

Total liabilities 47'057'404’265 38'471'552'487

Total subordinated liabilities 805'000'000 805'000'000

Total liabilities to non-consolidated

participations and significant shareholders 13’237’181’519 11'103'085'751


7

BNP Paribas (Suisse) SA

CONSOLIDATED OFF-BALANCE SHEET OPERATIONS AS OF DECEMBER 31, 2007

(with previous year's figures for comparison)

(in CHF)

31.12.2007 31.12.2006

Contingent liabilities 19’357’048’674 17'868'322’556

Irrevocable commitments 2’788’984’484 3'790'098'103

Loan commitments 374’943’823 470'167'897

Derivative financial instruments:

Total underlyings 55’199’262’749 39'963'323'124

Positive present values 939’351’058 371'546'244

Negative present values 604’188’636 522'476'334

Fiduciary operations 3'672’447’151 3'578'916'111


8

BNP Paribas (Suisse) SA

CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2007

(with previous year's figures for comparison)

(in CHF)

2007 2006

INCOME AND EXPENSES FROM ORDINARY BANKING ACTIVITIES

INTEREST-RELATED ACTIVITIES:

Interest income 2’272’021’569 1'661'621'095

Interest and dividends on

trading portfolios 144’654’757 73'764'141

Interest and dividend income from

long-term investments 227’709’958 277'175

Interest expenses (1'965’219’130) (1'356'363'008)

Net income from interest-related activities sub-total 679’167’181 379'299'403

COMMISSION AND SERVICE

FEE ACTIVITIES

Income from lending activities 289’631’876 285'557'651

Income from securities transactions

and investments 376’241’684 335'401'086

Other fee income 17’282’636 15'272'127

Commission expenses (81’168’121) (68'416'248)

Commissions and fees sub-total 601’988’075 567'814'616

NET INCOME FROM TRADING OPERATIONS 9’200’634 18'532'149

OTHER ORDINARY BANKING INCOME:

Income from disposal of long-term investments 36’496’033 862'806

Income from participations 6’362’803 8'760'262

- of which participations reported by

equity method: CHF 4’367’182 (2006: CHF 6’456’545)

- of which other non-consolidated

participations: CHF 1'995’621 (2006: CHF 2'303’717)

Income from real estate 1'390’892 1'161'705

Other ordinary banking income 52’717’319 36'868'555

Other ordinary banking expenses (152'661) -

Other ordinary banking income sub-total 96’814’386 47'653’328

OPERATING EXPENSES:

Personnel expenses (405’759’645) (386'480'486)

Other operating expenses (163’738’792) (142'004'884)

Operating expenses sub-total (569’498’437) (528'485'370)

GROSS OPERATING PROFIT 817'671'839 484'814'126

AMORTISATION OF FIXED ASSETS (52’500’862) (57'090'287)

VALUE ADJUSTMENTS, PROVISIONS AND LOSSES (13’531’566) (49'001'617)

NET INCOME BEFORE NON-RECURRING ITEMS AND TAXES 751’639’411 378'722'222

NON-RECURRING INCOME 136’081’664 225'406'440

NON-RECURRING EXPENSES (2’973’133) (11'328'666)

TAXES (144’349’112) (128'812'108)

GROUP NET INCOME FOR THE YEAR 740'398’830 463'987'888


9

BNP Paribas (Suisse) SA

CONSOLIDATED STATEMENT OF CASH FLOWS AS OF DECEMBER 31, 2007

(with previous year's figures for comparison)

(in CHF thousands)

31.12.2007 31.12.2006

Sources Utilization Sources Utilization

of funds of funds of funds of funds

Net cash inflow (outflow) from

operating activities 273’470 - 908'559 -

Net income for the year 740’399 - 463'988 -

Depreciation on fixed assets 52’500 - 57'090 -

Exchange rate difference - 2’954 - 37'013

Value adjustments and provisions 58’670 - - 13'015

Accrued income and prepaid expenses - 157’074 - 7'885

Accrued expenses and deferred income 37’339 - 32'970 -

Other items - 454’449 412'424 -

Withdrawal in favour of Foundation - 961 - 962

Net cash inflow (outflow) from

Retained earnings - - - 7’509

Paid-in surplus - - - 1'979

Retained earnings - - - 5'530

Reserves for general banking risks - - - -

Net cash inflow (outflow) used in

fixed asset transactions 18’925 - 152'428 -

Non-consolidated participations and participations

consolidated according to the equity method 6’837 2’041 3 10'952

Long-term investments 75’231 - 165'656 -

Fixed and intangible assets 16’219 77’321 25'189 27'468

Net cash provided by (used in) banking ctivities 292’395 - 1'053’478 -

Short, medium and long-term transactions 290’754 1’059’441

Money market instruments 43 - 607 -

Deposits from banks 2’421’562 - 347'261 -

Customer deposits 5'238’512 - - 125'257

Traded issuance - 17’972 33'876 -

Money market instruments - 3'603’002 288'137 -

Due from banks 2’758’781 - 924'099 -

Due from customers, including

mortgage loans - 5'721’583 123'756 -

Securities and precious metals

trading portfolio - 1’367’095 - 2’651’920

Change in cash - 1’641 6’925 -


10

BNP Paribas (Suisse) SA

BNP PARIBAS (SUISSE) SA

Head Office

BNP PARIBAS (SUISSE) SA

Place de Hollande 2

Case Postale

CH-1211 Geneva 11

Tel. : +41 (0)58 212 21 11

Fax : +41 (0)58 212 22 22

Internet : www.bnpparibas.ch

Branches

BNP PARIBAS (SUISSE) SA

Aeschengraben 26

Postfach

CH-4002 Basle

Tel. : +41 (0)58 212 51 11

Fax : +41 (0)58 212 52 22

BNP PARIBAS (SUISSE) SA

Riva A. Caccia 1

CP

CH-6907 Lugano

Tel. : +41 (0)58 212 41 11

Fax : +41 (0)58 212 42 22

BNP PARIBAS (SUISSE) SA

Selnaustrasse 16

Postfach

CH-8022 Zurich

Tel. : +41 (0)58 212 61 11

Fax : +41 (0)58 212 62 22

BNP PARIBAS (SUISSE) SA

La Plaiderie House

St. Peter Port P.O. Box 224

Guernsey GY1 3NU

Channel Islands

Tel. : +44 1481 71 21 71

Fax : +44 1481 71 21 72

Subsidiaries

BNP PARIBAS PRIVATE BANK MONACO

Avenue d’Ostende 15-17, B.P. 257

MC-98000 Monaco Cedex

Tel. : +377 93 15 68 00

Fax : +377 93 15 68 01

BNP PARIBAS (BAHAMAS) LTD

Scotia Bank Building, Suite 302

Rawson Square, Bay Street

P.O. Box

4915 Nassau, Bahamas

Tel.: +1 242 322 44 56

Fax: +1 242 326 22 80

Representative Offices

BNP PARIBAS (SUISSE) SA

Oficina de Representacion

Plaza Independencia 822

Oficina 501

11100 Montevideo, Uruguay

Tel. : +598 2 902 02 47

Fax : +598 2 902 12 08

BNP PARIBAS (SUISSE) SA

Representative Office

Twin Towers, 19th floor

Beniyas Road, Deira, PO Box 7233

Dubai, United Arab Emirates

Tel.: (+971) 4 210 6767

Fax: (+971) 4 222 5849


BNP PARIBAS (SUISSE) SA

Place de Hollande 2

Case postale

CH - 1211 Genève 11

Tél. +41 (0)58 212 21 11

Fax +41 (0)58 212 22 22

www.bnpparibas.ch

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