2005 Annual Report / CrÃ©dit Agricole (Suisse) SA

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54 – 2005 Annual Report / Crédit Agricole (Suisse) SA5.5 Notes relating to extraordinary income and expenses, liquidation of underlyingreserves, reserves for General Banking Risks and unutilised valuation adjustmentsand provisions that are no longer requiredIn 2005, the extraordinary income of CHF 5.0 million arose from :– amounts recovered on bad or doubtful receivables written down in previous years (CHF 3.2 million),– net income from the reversal of valuation adjustments and provisions that exceeded the original amountsset aside (CHF 1.3 million),– income from non-operating transactions, such as gains on asset disposals (CHF 0.5 million).5.7 Income and expenses from the ordinary banking activity – breakdown between Switzerlandand other countries based on the principle of domicile of operationReference yearPrevious year(in thousands of CHF)Switzerland Other Total Switzerland Other TotalIncomeInterest income 146 167 9 345 155 512 56 418 – 56 418Commission income 295 357 5 539 300 896 180 508 – 180 508Trading income 75 017 1 001 76 018 51 824 – 51 824Other ordinary income 27 612 - 36 27 576 23 941 – 23 941Total income 544 153 15 849 560 002 312 691 – 312 691ExpensesPersonnel expenses - 243 979 - 5 891 - 249 870 - 157 773 – - 157 773Other operating expenses - 81 803 - 3 660 - 85 463 - 57 537 – - 57 537Total expenses - 325 782 - 9 551 - 335 333 - 215 310 – - 215 310
2005 Annual Report / Crédit Agricole (Suisse) SA – 55Auditor’s reportReport of the Group auditors to the Annual GeneralMeeting of Shareholders of Crédit Agricole(Suisse) SA, GenevaAs the group’s auditors, we have audited the consolidatedfinancial statements (balance sheet, income statement,cash flow statement and notes to the financial statementsset out on pages 20 to 54) of Crédit Agricole(Suisse) SA for the year ended 31 December 2005.These consolidated financial statements are the responsibilityof the Board of Directors. Our responsibility is toexpress an opinion on these consolidated financial statementsbased on our audit. We confirm that we meet thelegal requirements concerning professional qualificationand independence.Our audit was conducted in accordance with Swissauditing standards, which require that an audit beplanned and performed to obtain reasonable assuranceabout whether the consolidated financial statements arefree from material misstatement. We have examined ona test basis the evidence supporting the amounts anddisclosures in the consolidated financial statements.We have also assessed the accounting principles used,significant estimates made and the overall presentationof the consolidated financial statements. We believe thatour audit provides a reasonable basis for our opinion.In our opinion, the consolidated financial statements givea true and fair view of the financial position, the resultsof operations and the cash flows in accordance withthe guidelines governing the preparation of the financialstatements of banks, and comply with Swiss law.We recommend that the consolidated financialstatements submitted to you be approved.Geneva, 17 March 2006PricewaterhouseCoopers SAJ.-C. PernolletA. Lattafi
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2005 Annual Report / CrÃ©dit Agricole (Suisse) SA

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