2005 Annual Report / Crédit Agricole (Suisse) SA

68 – 2005 Annual Report / Crédit Agricole (Suisse) SA3.7 Liabilities to own pension fundThe Bank pension plan manages its assets through the Bank. As at 31 December 2005 total liquid assets deposited with the Bankamount to CHF 23.45 million, compared with CHF 24.12 million as at 31 December 2004.In addition, following the merger with Crédit Lyonnais (Suisse) SA in March 2005, the pension fund of Crédit Lyonnais (Suisse) SA willbe taken over by the current pension fund of Crédit Agricole (Suisse) SA on 1 January 2006.At 31 December 2005, commitments to the Foundation of Crédit Lyonnais (Suisse) SA amounted to CHF 32.0 million, compared withCHF 24.3 million at 31 December 2004.3.9 Valuation adjustments and provisions, fluctuations reserve for credit risks,reserves for General Banking Risks(in thousands of CHF)Balance as at theend of the previousfinancial yearSpecificusageChangein definition ofpurpose(reclassified)Valuation adjustments and provisions for default risk and other risks– Valuation adjustments and provisions for loan loss(credit risk and country risk) 118 790 - 9 151 –– Valuation adjustments for other operating risks 20 489 - 7 404 –of which, restructuring provisions 8 667 - 4 092 –– Other provisions 57 006 – –Total valuation adjustments and provisions 196 285 - 16 555 –Less :Valuation adjustments directly netted against assets - 118 299 – –Total valuation adjustments and provisions as per balance sheet 77 986 - 16 555 –Reserves for General Banking Risks 19 400 – –* including merger contribution from Crédit Lyonnais (Suisse) SA