Annual Report 2011 - Hong Kong Monetary Authority

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Balance sheet at 31 December 2011 (in thousands of CHF) Off-balance sheet transactions Notes 2011 2010 Change (in CHF ‘000) (in %) Contingent liabilities 16 187,134 181,730 5,404 3.0 Irrevocable liabilities 13,400 13,180 220 1.7 Liabilities for unpaid share capital and additional capital contributions Derivative instruments: 2,309 2,590 (281) (10.8) - positive replacement values 281,299 279,485 1,814 0.6 - negative replacement values 276,128 285,565 (9,437) (3.3) - underlying values 18,125,569 17,993,764 131,805 0.7 Fiduciary transactions 17 2,337,514 3,137,241 (799,727) (25.5) FINANCIAL REPORT BPER ACCOUNTS 111
Profi t and loss account for the year ended 31 December 2011 (in thousands of CHF) 112 2011 ANNUAL REPORT - BANQUE PRIVÉE EDMOND DE ROTHSCHILD SA Notes 2011 2010 Change (in CHF ‘000) (in %) Interest and discount income 29,556 23,129 6,427 27.8 Interest and dividend income on trading portfolios 56 38 18 47.4 Interest and dividend income on financial investments 2,367 1,572 795 50.6 Interest payable 4,484 1,782 2,702 151.6 Interest income, net 27,495 22,957 4,538 19.8 Commission income on lending activities 759 911 (152) (16.7) Commission income on securities and investment transactions 202,499 207,379 (4,880) (2.4) Commission income on other services 23,472 25,991 (2,519) (9.7) Commissions payable 51,365 48,875 2,490 5.1 Fee and commission income, net 175,365 185,406 (10,041) (5.4) Results of trading operations 18 40,715 40,988 (273) (0.7) Proceeds from the sale of financial investments 6,307 128 6,179 4,827.3 Income from holdings 122,943 110,311 12,632 11.5 Proceeds from real estate 903 193 710 367.9 Other ordinary income 9,419 7,268 2,151 29.6 Other ordinary expenses 1,163 437 726 166.1 Other ordinary results 138,409 117,463 20,946 17.8 Personnel expenses 176,039 170,029 6,010 3.5 Other operating expenses 65,467 55,510 9,957 17.9 Operating expenses 241,506 225,539 15,967 7.1 Gross profit 140,478 141,275 (797) (0.6) Depreciation of fixed assets 24,289 20,685 3,604 17.4 Valuation adjustments, provisions and losses 13,373 13,735 (362) (2.6) Result before extraordinary items and taxes 102,816 106,855 (4,039) (3.8) Extraordinary income 19 7,134 1,039 6,095 586.6 Extraordinary expenses 19 17 533 (516) (96.8) Taxes 8,382 8,897 (515) (5.8) Net income for the reporting year 101,551 98,464 3,087 3.1
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Annual Report 2011
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Contents 6 20 Banque Privée Edmond
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Banque Privée Edmond de Rothschild
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1 4 1 Odéon, Théâtre de l’Euro
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within our group, which have develo
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Is this the end of the market econo
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dangerous to bet on bureaucracy as
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SENIOR MANAGEMENT Head Office Execu
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BRANCHES In Switzerland Fribourg Se
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Social Entrepreneurship Economic te
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Corporate governance Introduction O
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1.1.2. / 1.1.3. Group legal structu
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2.6. Transferability restrictions a
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1965-1996 First Vice-President, the
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Jean Laurent-Bellue Member, French,
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3.2. Other activities and vested in
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3.5. Powers The Board of Directors
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4. Executive Committee The Executiv
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Jean-Pierre Pieren Member, Swiss, 1
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Present duties Since 1988 Chief Fin
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5. Remuneration, profi t-sharing an
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This scheme was implemented for a f
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7. Take-overs and defensive measure
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9. Information policy Banque Privé
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Intercultural Dialogue Too often, p
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Key fi gures Banque Privée Edmond
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Awards 2011 in Milan and Large Fund
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esources of institutional clients i
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Outlook for 2012 2012 will be marke
Page 62 and 63: Report on other legal requirements
Page 64 and 65: Abroad Banks Banque Privée Edmond
Page 66 and 67: Prifund Conseil SA Luxembourg 3) 10
Page 68 and 69: Dividends are eliminated through re
Page 70 and 71: Personnel welfare liabilities Contr
Page 72 and 73: Consolidated balance sheet at 31 De
Page 74 and 75: Consolidated cash fl ow statement a
Page 76 and 77: - The Risk Manager sees to it that
Page 78 and 79: 2011 2010 Change (in CHF ‘000) (i
Page 82 and 83: Forex adjustments Redesignations In
Page 84 and 85: Situation at end-2010 Uses and rele
Page 86 and 87: 2011 2010 (in CHF ‘000) (in CHF
Page 90 and 91: 22 Breakdown of consolidated assets
Page 94 and 95: (Note 26 cont’d) 2011 2010 Positi
Page 98 and 99: 2011 2010 42 Earnings per share Gro
Page 100 and 101: Health and Research For over a cent
Page 102 and 103: Key fi gures of Banque Privée Edmo
Page 104 and 105: Roundup of results The Bank’s net
Page 106 and 107: Elections as per our Articles of As
Page 108 and 109: Breakdown of revenues (% of total)
Page 110 and 111: Report on other legal requirements
Page 114 and 115: Notes to the fi nancial statements
Page 120 and 121: Par value Number of shares 2011 201
Page 122 and 123: Loans granted to the Bank’s gover
Page 124 and 125: (Note 15 cont’d) 2011 2010 Employ
Page 128 and 129: Edmond de Rothschild Conseil et Cou
Page 130 and 131: Other Edmond de Rothschild Group co
Page 132 and 133: Other Edmond de Rothschild Group co
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Annual Report 2011 - Hong Kong Monetary Authority

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