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

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Notes 24 Related party transactions 112 JULIUS BAER GROUP 31.12.2004 31.12.2005 Change Change CHF 1000 CHF 1000 CHF 1000 % Key management personnel compensation1 Salaries and other short-term employee benefits 15188 19822 4634 30.5 Post-employment benefits 692 843 151 21.8 Termination benefits 100 4471 4371 4371.0 Participation plans 1285 12714 11429 889.4 Total 17265 37850 20585 119.2 Claims on associated companies 773 1555 782 101.2 significant shareholders 26309 2 - -26309 -100.0 members of the bank’s corporate bodies 1 31649 35382 3733 11.8 other related parties 3 171 425 254 148.5 Total 58902 37362 -21540 -36.6 Liabilities to significant shareholders 18132 2 - -18132 -100.0 members of the bank’s corporate bodies 1 27257 22479 -4778 -17.5 other related parties 3 4707 5829 1122 23.8 Total 50096 28308 -21788 -43.5 Credit guarantees to significant shareholders 167 2 - -167 -100.0 members of the bank’s corporate bodies 1 50 50 - - Total 217 50 -167 -77.0 Services provided to associated companies - 72 72 100.0 significant shareholders 717 2 - -717 -100.0 members of the bank’s corporate bodies 1 975 821 -154 -15.8 other related parties 3 527 231 -296 -56.2 Total 2219 1124 -1095 -49.3 Services provided by associated companies 2 - -2 -100.0 significant shareholders 72 2 - -72 -100.0 members of the bank’s corporate bodies 1 - - - other related parties 3 608 - -608 -100.0 Total 682 - -682 -100.0 1 Board of Directors, Group Executive Board and Senior Management 2 Including close members of the family 3 Including own pension funds
25 Pension plans and other employee benefits Actuarial calculation of pension obligations with respect to employees 1 1. Balance sheet Notes 31.12.2004 31.12.2005 CHF 1000 CHF 1000 Fair value of plan assets 838716 1473241 Defined benefit obligation -893866 -1570614 Unfunded status -55150 -97373 Unrecognized asset due to IAS 19.58 -4663 Unrecognized actuarial losses 2 80258 73941 Accrued/(prepaid) pension cost 25108 -28095 Deferred taxes -6277 9528 Amounts recognized in the balance sheet 18831 -18567 2. Income statement 2004 2005 CHF 1000 CHF 1000 Service cost -37137 -53877 Interest cost -29942 -34350 Expected net return on plan assets 37345 41230 Amortization of actuarial gains/losses -80 -272 Past service cost -2617 -96 Adjustment due to IAS 19.58 -8172 -5780 Net periodic pension cost -40603 -53145 Employees’ contributions 12081 14359 Expense recognized in the income statement -28522 -38786 3. Movement in the net asset or (liability) Accrued pension cost at the beginning of the year 24559 25108 Acquisitions - -50550 Translation differences - 191 Expense recognized in the income statement -28522 -38786 Employer’s contributions 29071 35942 Accrued/(prepaid) pension cost 549 -2844 Amounts recognized in the balance sheet 25108 -28095 Prepaid pension cost 25108 35226 Accrued pension liability -63321 Accrued/(prepaid) pension cost 25108 -28095 Actual return on plan assets 23643 71398 1 Benefit obligations and pension costs appear with a negative sign. 2 Considering the asset limitation according to IAS 19.58 JULIUS BAER GROUP 113
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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
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4.3 Other activities and functions
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Equity Bonus Plan 2004 2005 Number
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5.3 Compensation for former members
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5.7 Additional honorariums No addit
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7. Changes of control and defense m
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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 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: 23 Corporate capital Notes Register
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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