Annual Reports 2011 V ontob el Group - Vontobel Holding AG

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Annual Reports 2011 Key figures 2 Shareholders’ letter 4 Vontobel Group 7 Sustainability 10 Review of business activities 26 Information relating to Corporate Governance 43 Consolidated financial statements 69 Vontobel Holding AG 175 Information for shareholders 188 Where to find us 189 Vontobel Group, Annual Reports 2011 1
Ratios 31-12-11 31-12-10 31-12-09 31-12-08 31-12-07 Return on shareholders' equity (ROE) (%) 1 7.5 9.8 9.7 8.1 19.2 Cost2 /income ratio (%) 80.0 78.3 79.1 80.6 67.0 Equity ratio (%) 8.0 8.2 8.4 8.8 8.0 1 Group net profit as a percentage of average equity based on monthly figures, both without minority interests 2 Operating expense, excl. value adjustments, provisions and losses Share data 31-12-11 31-12-10 31-12-09 31-12-08 31-12-07 Basic earnings per share (CHF) 1 1.78 2.31 2.17 1.78 4.14 Diluted earnings per share (CHF) 1 1.76 2.26 2.12 1.74 4.06 Equity per share outstanding at balance sheet date (CHF) 23.61 23.67 23.31 21.73 22.50 Dividend per share (CHF) 1.10 2 1.40 1.40 1.20 2.00 Price/book value per share 0.9 1.5 1.3 1.0 2.4 Price/earnings per share 11.8 15.4 13.6 12.4 13.2 Share price at balance sheet date (CHF) 21.00 35.60 29.55 22.00 54.75 High (CHF) 39.90 36.50 38.00 54.90 77.30 Low (CHF) 19.90 26.75 15.30 19.40 49.35 Market capitalization (CHF mns) 1,331.3 2,262.0 1,881.0 1,387.0 3,457.3 Undiluted weighted average number of shares 63,800,363 63,918,532 63,973,581 63,481,890 63,637,178 1 Basis: weighted average number of shares 2 As per proposal submitted to the General Meeting; CHF 0.73 will take the form of a withholding tax-free repayment of share premiums and CHF 0.37 will comprise an ordinary dividend. Performance of Vontobel Holding AG registered share (indexed) 120 110 100 90 80 70 60 50 01-01-2011 30-06-2011 31-12-2011 Vontobel Holding AG registered share (TR) Swiss Performance Index (SPI) 2 Vontobel Group, Annual Reports 2011 Source: Bloomberg Share information Par value CHF 1.00 Stock exchange listing SIX Swiss Exchange ISIN CH001 233 554 0 Security number 1 233 554 Bloomberg VONN SW Reuters VONTZn.S Telekurs VONN BIS capital ratios 31-12-11 31-12-10 31-12-09 31-12-08 31-12-07 Tier 1 capital ratio (%) 23.3 21.8 20.9 18.4 21.4 Total risk weighted positions (CHF mns) 4,969.3 5,689.8 5,894.9 5,292.0 6,281.1 Risk ratio 1 31-12-11 31-12-10 31-12-09 31-12-08 31-12-07 Average Value at Risk market risk (CHF mns) 23.1 19.7 4.4 6.6 8.4 1 Average Value at Risk 12 months for positions in the Financial Products division of the Investment Banking business unit. Historical simulation Value at Risk; 99% confidence level; 1-day holding period; 4-year historical observation period. The system was altered at the start of the year 2010 as part of the further development of risk modelling. Based on these enhancements, issuer-specific credit spread risks are now included in the calculation. As a result, risk measurements have increased although the positions remain the same. The figures for the prior years have not been adjusted. Ratings 31-12-11 31-12-10 31-12-09 Moody's Rating Bank Vontobel AG A1 A1 A1 Standard & Poor's Rating Bank Vontobel AG A+ A+ A+
Page 1: Vontobel Group Annual Reports 2011
Page 5 and 6: Shareholders’ letter 4 Vontobel G
Page 7 and 8: Shareholders’ letter 6 Vontobel G
Page 9 and 10: Vontobel Group 8 Vontobel Group, An
Page 11 and 12: Sustainability at the Vontobel Grou
Page 27 and 28: Review of business activities Clien
Page 29 and 30: Review of business activities Net o
Page 31 and 32: Review of business activities 30 Vo
Page 33: Review of business activities 32 Vo
Page 36 and 37: Segment results Private Banking 31-
Page 38 and 39: Segment results Investment Banking
Page 40 and 41: Segment results Asset Management 31
Page 42: Segment results Corporate Center 31
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Information relating to Corporate G
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Consolidated income statement 70 Vo
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Consolidated balance sheet Assets 7
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Statement of equity CHF mns Share c
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Consolidated cash flow statement 76
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Notes to the consolidated financial
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1. Risk policy A conscious and prud
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2.2 Market risks related to Investm
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90 80 70 60 50 40 30 20 10 0 Freque
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Interest rate risk Notes to the con
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3. Liquidity risk and refinancing L
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The Vontobel Group bases the manage
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The breakdown of credit exposures b
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5. Operational risks 5.1 Definition
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4 Comprehensive income from financi
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11 Taxes Notes on the consolidated
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13 Earnings per share Notes on the
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36 Off-balance sheet information No
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40 Future liabilities for finance l
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45 Other employee benefits payable
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To the General Meeting of Vontobel
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Vontobel Holding AG Review of busin
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Vontobel Holding AG Income statemen
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Vontobel Holding AG Balance sheet A
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Vontobel Holding AG Shareholders’
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Vontobel Holding AG Proposal of the
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Vontobel Group, Annual Reports 2011
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Switzerland Zurich Vontobel Holding
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Annual Reports 2011 V ontob el Group - Vontobel Holding AG

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