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

12 Financial investments
31.12.2004 31.12.2005 Change Change
CHF 1000
restated
CHF 1000 CHF 1000 %
Money market instruments 1714290 2561862 847572 49.4
of which bills and money market instruments discountable
at Swiss National Bank and other central banks 1066392 963715 -102677 -9.6
of which rescriptions and treasury bills 31778 26119 -5659 -17.8
Available-for-sale securities
Debt securities - at fair value 4003872 4162652 158780 4.0
of which listed 3837727 3612481 -225246 -5.9
of which unlisted 166145 550171 384026 231.1
Equity securities - at fair value 100135 114554 14419 14.4
of which listed 3402 3820 418 12.3
of which unlisted 96733 110734 14001 14.5
Total 4104007 4277206 173199 4.2
Held-to-maturity securities
Debt securities - at amortized cost 499771 193961 -305810 -61.2
of which listed 178099 100521 -77578 -43.6
of which unlisted 321672 93440 -228232 -71.0
Total 499771 193961 -305810 -61.2
Total financial investments 6318068 7033029 714961 11.3
of which securities acceptable to central banks 785539 877356 91817 11.7
Fair value of financial investments, including securities lent out 6331388 7033972 702584 11.1
13 Investments in associates
Notes
31.12.2004 31.12.2005 Change Change
CHF 1000 CHF 1000 CHF 1000 %
Balance at the beginning of the year 38 1472 1434 3773.7
Additions 949 - -949 -100.0
Disposals - - -
Income 74 15 -59 -79.7
Transfers 2368 - -2368 -100.0
Write-offs -1836 -487 1349 73.5
Dividend paid -74 -76 -2 -2.7
Translation differences -47 3 50 106.4
Balance at the end of the year 1472 927 -545 -37.0
JULIUS BAER GROUP 103