2005 Annual Report Julius Baer Holding Ltd. - GAM Holding AG

Notes
5 Personnel expenses
96 JULIUS BAER GROUP
2004 2005 Change Change
CHF 1000
restated
CHF 1000 CHF 1000 %
Salaries and bonuses 392967 650452 257485 65.5
Contributions to retirement plans 26243 36761 10518 40.1
Other social benefits 25462 40543 15081 59.2
Other personnel expenses 44555 111418 66863 150.1
Total 1 489227 839174 349947 71.5
6 General expenses
Premises expense 39173 46984 7811 19.9
Expense for EDP, machinery, furniture, vehicles and other equipment 44406 85037 40631 91.5
Information, communication and advertising expense 80856 81798 942 1.2
Service expense, fees and taxes 76447 103895 27448 35.9
Other general expenses 1087 8442 7355 676.6
Total 1 241969 326156 84187 34.8
1 In line with the treatment of project expenses according to IAS 38, CHF 9.8 million (2004: CHF 10.1 million) of personnel expenses and CHF 13.4 million
(2004: CHF 13.6 million) of other operating expenses were charged directly to the income statement for costs incurred within the preliminary studies and
the not capitalizable development activities relating to IT projects.