<strong>2011</strong> 2010 42 Earnings per share Group earnings after deduction of portion due to minority interests (in thousands of CHF) Weighted average of number of shares outstanding 116,264 135,775 Bearer shares (par value CHF 500.–) 50,000 50,000 Registered shares (par value CHF 100.–) Weighted average of number of shares used to calculate earnings per share (with a par value of CHF 500.–) 200,000 200,000 after deducting own shares held by the Bank (Treasury stock) 87,666 87,696 Earnings per bearer share (in CHF) 1,326.22 1,548.25 Earnings per registered share (in CHF) 265.24 309.65 <strong>2011</strong> 2010 Swiss Foreign Total Swiss Foreign Total 43 Breakdown of Group results by Swiss and foreign origin (in thousands of CHF) Interest and discount income 28,625 41,940 70,565 22,451 31,802 54,253 Interest and dividend income on trading portfolios 66 54 120 38 363 401 Interest and dividend income on financial investments 4,553 178 4,731 4,817 253 5,070 Interest payable 1,545 9,029 10,574 1,153 4,309 5,462 Interest income, net 31,699 33,143 64,842 26,153 28,109 54,262 Commission income on lending activities 779 586 1,365 933 697 1,630 Commission income on trading operations and investments 223,134 333,541 556,675 230,742 340,910 571,652 Commission income on other services 26,292 44,194 70,486 28,907 47,140 76,047 Commissions payable 46,380 77,988 124,368 44,613 70,118 114,731 Fee and commission income, net 203,825 300,333 504,158 215,969 318,629 534,598 Results of trading operations 43,454 44,397 87,851 42,944 52,872 95,816 Proceeds from the sale of financial investments 5,215 (288) 4,927 (833) 844 11 Total income from holdings 17,602 4,387 21,989 18,549 4,285 22,834 Real estate income 1,242 593 1,835 792 414 1,206 Other ordinary income 10,553 4,511 15,064 10,173 5,306 15,479 Other ordinary expenses 1,408 122 1,530 451 22 473 Other ordinary results 33,204 9,081 42,285 28,230 10,827 39,057 Personnel expenses 190,408 166,574 356,982 187,772 184,433 372,205 Other operating expenses 65,825 68,624 134,449 59,690 68,125 127,815 Operating expenses 256,233 235,198 491,431 247,462 252,558 500,020 Gross profit 55,949 151,756 207,705 65,834 157,879 223,713 Depreciation of fixed assets 25,213 10,825 36,038 21,796 12,901 34,697 Valuation adjustments, provisions and losses 1,768 4,369 6,137 2,802 7,410 10,212 Result before extraordinary items and taxes 28,968 136,562 165,530 41,236 137,568 178,804 Extraordinary income 8,203 4,072 12,275 28,181 12,566 40,747 Extraordinary expenses 11,784 11,263 23,047 38,251 3,933 42,184 Taxes 10,922 18,772 29,694 12,071 15,398 27,469 Consolidated net income 14,465 110,599 125,064 19,095 130,803 149,898 This breakdown of results by Swiss and foreign origin is based on the location of business operations. FINANCIAL REPORT CONSOLIDATED ACCOUNTS 97
Banque Privée Edmond de Rothschild SA, Geneva Financial report 101 Key figures 102 <strong>Report</strong> of the Directors 108 110 <strong>Report</strong> of the statutory auditor on the financial statements Balance sheet before profit appropriation 112 Profit and loss account 113 Notes to the financial statements 98 <strong>2011</strong> ANNUAL REPORT - BANQUE PRIVÉE EDMOND DE ROTHSCHILD SA Examples of initiatives supported: Fondation Ophtalmologique Adolphe de Rothschild Artères Foundation Memorial Chair University of Geneva ERT Treat Vision Ariane de Rothschild Women Doctoral Program The Hebrew University of Jerusalem Rothschild-Weizmann Institute Program for Excellence in Science Teaching