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

More documents

Recommendations

Info

Notes 14 Intangible assets and property and equipment 104 JULIUS BAER GROUP Other Total Other Total Customer intangible intangible property and property and Goodwill relationships Brand assets assets Bank premises equipment equipment CHF 1000 CHF 1000 CHF 1000 CHF 1000 CHF 1000 CHF 1000 CHF 1000 CHF 1000 Historical cost Balance on 01.01.2004 - 137558 137558 176873 51935 228808 Foreign exchange differences - -1712 -1712 - -533 -533 Additions - 18568 18568 - 21678 21678 Disposals/transfers1 - 8497 8497 - 19582 19582 Balance on 31.12.2004 - - - 145917 145917 176873 53498 230371 Foreign exchange differences - - - 68 68 - 2138 2138 Additions - - - 41891 41891 - 9743 9743 Acquisition of subsidiaries 2929545 1747000 273000 13636 4963181 130488 35917 166405 Disposals/transfers1 - - - 33758 33758 - 14950 14950 Balance on 31.12.2005 2929545 1747000 273000 167754 5117299 307361 86346 393707 Depreciation and amortization Balance on 01.01.2004 - 64077 64077 20039 41848 61887 Foreign exchange differences - -1043 -1043 - -541 -541 Additions - 18856 2 18856 3353 7438 10791 Disposals/transfers1 - 8429 8429 - 18038 18038 Balance on 31.12.2004 - - - 73461 73461 23392 30707 54099 Foreign exchange differences - - - -633 -633 - 235 235 Additions - 14558 - 72405 2 86963 3699 15307 19006 Disposals/transfers1 - - - 30279 30279 - 14157 14157 Balance on 31.12.2005 - 14558 - 114954 129512 27091 32092 59183 Book value Balance on 31.12.2004 - - - 72456 72456 153481 22791 176272 Balance on 31.12.2005 2929545 1732442 273000 52800 4987787 280270 54254 334524 1 Includes derecognition of fully depreciated assets 2 Includes impairment charges of CHF 53.0 million (2004: CHF 0.5 million) for internally generated intangible assets There are no property and equipment arising from finance leases.
Notes 31.12.2004 31.12.2005 Change Change CHF 1000 CHF 1000 CHF 1000 % Fire insurance value Real estate 198604 344523 145919 73.5 Other property and equipment 115097 379059 263962 229.3 Additions Disposals Balance on and and other Translation Balance on 01.01.2005 reallocations reductions Amortization differences 31.12.2005 CHF 1000 CHF 1000 CHF 1000 CHF 1000 CHF 1000 CHF 1000 Goodwill Private Banking - 1088235 - - - 1088235 Asset Management - 1841310 - - - 1841310 Total - 2929545 - - - 2929545 Customer relationships Private Banking - 740000 - 6166 - 733834 Asset Management - 1007000 - 8392 - 998608 Total - 1747000 - 14558 - 1732442 Brand Asset Management - 273000 - - - 273000 Total - 273000 - - - 273000 JULIUS BAER GROUP 105
Page 1 and 2:
2005 Annual Report Julius Baer Hold
Page 3 and 4:
Key figures 2004 2005 Change CHF m
Page 5:
Annual Report 2005
Page 8 and 9:
Foreword 4 Dear Shareholders and Cl
Page 10 and 11:
Foreword 6 Annual financial results
Page 12 and 13:
Foreword 8 The significant economie
Page 14:
Foreword 10 2005 will go down in th
Page 17 and 18:
anks, the decision has been made to
Page 19 and 20:
this corresponds to CHF 2.59 per re
Page 21:
2004 2005 Change Change CHF m CHF m
Page 24 and 25:
Private Banking 20 Private Banking
Page 26 and 27:
Asset Management 22 Asset Managemen
Page 28 and 29:
Trading & Sales 24 Trading & Sales
Page 30 and 31:
Corporate Center 26 Corporate Cente
Page 32 and 33:
Corporate Center 28 Our model of su
Page 35 and 36:
Corporate Governance
Page 37 and 38:
1.2 Cross-shareholdings There are n
Page 39 and 40:
2.3 Changes of capital The descript
Page 41 and 42:
egistered shares not physically rep
Page 43 and 44:
Corporate Governance tors of Julius
Page 45 and 46:
3.3 Cross-involvement Since 2004, M
Page 47 and 48:
The Chairman’s Committee receives
Page 49 and 50:
Group Executive Board The Group Exe
Page 51 and 52:
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 and 104: The depreciation and write-offs of
Page 105 and 106: Information on the consolidated bal
Page 107: 12 Financial investments 31.12.2004
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
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?