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

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Notes Geographical segments 100 JULIUS BAER GROUP 31.12.2004 31.12.2005 2004 2005 2004 2005 Total assets Operating income Investments CHF 1000 CHF 1000 CHF 1000 CHF 1000 CHF 1000 CHF 1000 restated restated Reporting by segment Switzerland 11317009 28759980 720295 1000730 24706 5179401 Europe (excl. Switzerland) 5407685 8148434 148216 203327 3631 329 Americas 2968365 1053011 251333 398551 11883 1332 Other countries 3995 4378 144 2576 26 158 Consolidation items 3667095 9317426 87798 100827 - - Total 16029959 28648377 1032190 1504357 40246 5181220 Reporting is based on the principle of domicile of operations. 9 Earnings per share and shares outstanding Basic net profit per registered share 2004 2005 Net profit (CHF 1000) 210196 146146 Weighted average number of registered shares 50883495 56405547 Basic net profit per registered share (CHF) 4.13 2.59 Diluted net profit per registered share Adjusted net profit (CHF 1000) 210196 146146 Weighted average number of registered shares 50883495 56651407 Diluted net profit per registered share (CHF) 4.13 2.58 Registered shares outstanding restated 31.12.2004 31.12.2005 Total ordinary shares issued 53841610 111628239 Second trading line treasury shares Repurchase program 04/05 775000 Other treasury shares 3523975 2120847 Total treasury shares 4298975 2120847 Registered shares outstanding 49542635 109507392
Information on the consolidated balance sheet 10a Due from customers Notes 31.12.2004 31.12.2005 Change Change CHF 1000 CHF 1000 CHF 1000 % Due from customers 2957056 5075614 2118558 71.6 Mortgages 345945 833564 487619 141.0 Total 3303001 5909178 2606177 78.9 Provisions for doubtful debt -16095 -77840 -61745 -383.6 Total 3286906 5831338 2544432 77.4 Claims due from customers, grouped according to type of collateral, are as follows: Mortgage collateral 345078 874008 528930 153.3 Other collateral 2925325 4884712 1959387 67.0 Without collateral 16503 72618 56115 340.0 10b Allowance and provision for credit losses Balance at the beginning of the year 28887 20935 -7952 -27.5 Write-offs -10710 - 10710 100.0 Recoveries 2 - -2 -100.0 Increase in credit loss allowance and provision 1048 8060 7012 669.1 Decrease in credit loss allowance and provision -801 -8279 -7478 -933.6 Acquisition of subsidiaries - 64319 64319 Translation differences and other adjustments 2509 -812 -3321 -132.4 Balance at the end of the year 20935 1 84223 1 63288 302.3 1 Including allowance and provision on claims due from banks of CHF 6.383 million (2004: CHF 4.84 million) JULIUS BAER GROUP 101
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2005 Annual Report Julius Baer Hold
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Key figures 2004 2005 Change CHF m
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Annual Report 2005
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Foreword 4 Dear Shareholders and Cl
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Foreword 6 Annual financial results
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Foreword 8 The significant economie
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Foreword 10 2005 will go down in th
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anks, the decision has been made to
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this corresponds to CHF 2.59 per re
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2004 2005 Change Change CHF m CHF m
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Private Banking 20 Private Banking
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Asset Management 22 Asset Managemen
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Trading & Sales 24 Trading & Sales
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Corporate Center 26 Corporate Cente
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Corporate Center 28 Our model of su
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Corporate Governance
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1.2 Cross-shareholdings There are n
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2.3 Changes of capital The descript
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egistered shares not physically rep
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Corporate Governance tors of Julius
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3.3 Cross-involvement Since 2004, M
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The Chairman’s Committee receives
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Group Executive Board The Group Exe
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Group Managing Board of UBS AG, 199
Page 53 and 54: 4.3 Other activities and functions
Page 55 and 56: Equity Bonus Plan 2004 2005 Number
Page 57 and 58: 5.3 Compensation for former members
Page 59 and 60: 5.7 Additional honorariums No addit
Page 61 and 62: 7. Changes of control and defense m
Page 63 and 64: 9. Information policy Julius Baer H
Page 65 and 66: Financial Report
Page 67 and 68: Consolidated income statement 2004
Page 69 and 70: 31.12.2004 31.12.2005 Change Change
Page 71 and 72: Translation differences 2003 2004 2
Page 73 and 74: Consolidation policies and valuatio
Page 75 and 76: when the contractually stipulated p
Page 77 and 78: A hedge is regarded as highly effec
Page 79 and 80: Intangible assets Intangible assets
Page 81 and 82: In the case of defined benefit pens
Page 83 and 84: Under revised IAS 32, certain deriv
Page 85 and 86: Notes JULIUS BAER GROUP 81
Page 87 and 88: 3. Credit risks Credit or counterpa
Page 89 and 90: Assets by countries/country groups
Page 91 and 92: 5. Liquidity and financing risks Th
Page 93 and 94: The liquidity position of Bank Juli
Page 95 and 96: Hedges The Group hedges a portion o
Page 97 and 98: 7. Reputational risks The Group’s
Page 99 and 100: 3 Results from trading operations N
Page 101 and 102: 7 Taxes Notes 2004 2005 Change Chan
Page 103: The depreciation and write-offs of
Page 107 and 108: 12 Financial investments 31.12.2004
Page 109 and 110: Notes 31.12.2004 31.12.2005 Change
Page 111 and 112: 18 Financial liabilities designated
Page 113 and 114: 20a Deferred tax assets Notes 31.12
Page 115 and 116: 23 Corporate capital Notes Register
Page 117 and 118: 25 Pension plans and other employee
Page 119 and 120: 26 Assets and liabilities by domest
Page 121 and 122: 27 Consolidated off-balance-sheet t
Page 123 and 124: 28 Derivative financial instruments
Page 125 and 126: 29 Financial instruments (continued
Page 127 and 128: 30 Risk-weighted assets (BIS) Notes
Page 129 and 130: Notes Head Office Currency Capital
Page 131 and 132: Notes Head Office Currency Capital
Page 133 and 134: Pro-forma information The following
Page 135 and 136: Movements in shares granted under v
Page 137 and 138: Notes 31.12.2004 31.12.2004 31.12.2
Page 139 and 140: Breakdown of assets under managemen
Page 141 and 142: Report of the Group auditors to the
Page 143 and 144: Financial Report of Julius Baer Hol
Page 145 and 146: lion to CHF 28 million due to capit
Page 147 and 148: Balance sheet 31.12.2004 31.12.2005
Page 149 and 150: Proposal of the Board of Directors
Page 151 and 152: Report of the statutory auditors to
Page 153 and 154: Addresses and contacts
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2005 Annual Report Julius Baer Holding Ltd. - GAM Holding AG

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