Annual Report 2011 - Hong Kong Monetary Authority

120 2011 ANNUAL REPORT - BANQUE PRIVÉE EDMOND DE ROTHSCHILD SA
2011 2010 2009 Change
(in CHF ‘000) (in CHF ‘000) (in CHF ‘000) (in %)
12 Schedule of shareholders’ equity before appropriation of available earnings
Shareholders’ equity at beginning of the reporting period:
- share capital 45,000 45,000 45,000 -
- general statutory reserve 119,385 119,385 119,385 -
- reserves for general banking risks 50,000 50,000 50,000 -
- other reserves 403,076 366,143 317,149 10.1
of which: - treasury stock 53,249 34,430 39,497 54.7
Reported profit
Total shareholders’ equity at beginning of the reporting period
109,655 126,047 163,397 (13.0)
(before appropriation of available earnings) 727,116 706,575 694,931 2.9
Allocated to / released from reserves 3,861 3,077 1,145 25.5
Less dividend deducted from net income of previous year (69,750) (81,000) (108,000) (13.9)
Net income
Total shareholders’ equity at end of the reporting period
101,551 98,464 118,500 3.10
(before appropriation of available earnings) 762,778 727,116 706,575 4.9
of which: - share capital 45,000 45,000 45,000
- general statutory reserve 119,385 119,385 119,385
- reserves for general banking risks 50,000 50,000 50,000
- other reserves 435,561 403,076 366,143
of which: - treasury stock 53,304 53,249 34,430
- reported profit 112,832 109,655 126,047
13 Shareholders’ equity after appropriation of available earnings
Shareholders’ equity before appropriation of net income 762,778 727,116 706,575 4.9
Less dividend (78,750) (69,750) (81,000) 12.9
Total shareholders’ equity after appropriation of available earnings 684,028 657,366 625,575 4.1
of which: - share capital 45,000 45,000 45,000
- general statutory reserve 119,385 119,385 119,385
- reserves for general banking risks 50,000 50,000 50,000
- other reserves 465,000 431,700 399,999
of which: - treasury stock 53,304 53,249 34,430
- reported profit 4,643 11,281 11,191
14 Due to and from affiliated companies
Due from banks 434 88
Accrued income and prepaid expenses 487 1,501
Total claims 921 1,589 (42.0)
Due to banks - 306
Other amounts due to customers 2,648 2,975
Accrued expenses and deferred income 542 210
Other liabilities - 3,140
Total liabilities 3,190 6,631 (51.9)
Affiliated companies are companies in which Edmond de Rothschild Holding SA has a
majority stake and that are not part of the Banque Privée Edmond de Rothschild Group.
All transactions with affiliated parties are carried out on the usual terms at the Bank in
Switzerland and at our foreign subsidiaries.