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

Notes
15 Future annual commitments under building occupancy agreements and operating leases
106 JULIUS BAER GROUP
31.12.2004 31.12.2005 Change Change
CHF 1000 CHF 1000 CHF 1000 %
Maturity of up to 1 year 11246 6197 -5049 -44.9
Maturity of up to 5 years 20663 10864 -9799 -47.4
Maturity of up to 10 years 8239 18171 9932 120.5
Maturity of up to 15 years 840 6522 5682 676.4
Maturity of over 15 years - 1494 1494 -
Subtotal 40988 43248 2260 5.5
Less sublease rentals under non-cancellable leases 1483 3537 2054 138.5
Total 39505 39711 206 0.5
Operating expenses include a gross CHF 36.4 million as of 31 December 2004 and a gross CHF 55.3 million as of 31 December
2005 from building occupancy agreements and operating leases.
16 Assets pledged or ceded to secure own commitments and assets subject to retention of title
31.12.2004 31.12.2005
Effective Effective
Book value commitment Book value commitment
CHF 1000 CHF 1000 CHF 1000 CHF 1000
Securities 814407 521624 735470 458836
Money market instruments 5103 5103 - -
Other 16107 8936 14876 7611
Total 835617 535663 750346 466447
The assets are pledged for commitments from securities borrowing, for lombard limits at central banks, for stock exchange security
deposits and to secure the business activities of the foreign organizations according to local laws.
17 Commitments to own pension plans
31.12.2004 31.12.2005 Change Change
CHF 1000 CHF 1000 CHF 1000 %
Commitments to own pension plans 4687 5829 1142 24.4
The commitments to own pension plans reflect credit balances of the pension plans which are deposited in the Group.
The employer contributions have been credited to the individual pension plans.