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

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Notes 31 Companies consolidated as of 31 December 2005 124 JULIUS BAER GROUP Place of Capitalization Head Office Currency Capital listing as of 31.12.05 m m Listed companies which are consolidated Julius Baer Holding Ltd. Swiss Exchange Zurich 10393 Zurich CHF 11.163 Security number: 1 208 301, Reuters: BAER.VX, Bloomberg: BAER VX Unlisted companies which are consolidated Head Office Currency Capital Equity interest m % Banks Bank Julius Baer & Co. Ltd. Branches in Geneva, Guernsey, Lucerne, New York Agencies in Basle, Lausanne, Lugano Representative Office in Vienna including Zurich CHF 575.000 100 BDL Banco di Lugano Branch in Jersey including Lugano CHF 50.000 100 BDL Banco di Lugano (Singapore) Ltd. Singapore SGD 25.000 100 Arpese SA Lugano CHF 0.400 100 Ehinger & Armand von Ernst Ltd. Branches in Basle, Berne including Zurich CHF 21.000 100 Ehinger & Armand von Ernst Fund Management Company SA Luxembourg CHF 0.250 100 Ferrier Lullin & Cie SA Branches in Lausanne, Sion including Geneva CHF 30.000 100 Ferrier Lullin International Inc. Panama City CHF 2.000 100 Ferrier Lullin Bank & Trust (Bahamas) Limited including Bahamas CHF 2.000 100 Ferrier Lullin Trust Company (Bahamas) Limited Bahamas CHF 2.000 100 Cantrade Private Bank Switzerland (CI) Ltd. Jersey GBP 0.700 100
Notes Head Office Currency Capital Equity interest m % Banks Bank Julius Bär (Deutschland) AG including Frankfurt EUR 7.270 100 Julius Bär Capital GmbH Frankfurt EUR 0.024 100 Julius Baer Bank and Trust Company Ltd. including Grand Cayman CHF 20.000 100 Julius Baer Trust Company (Cayman) Ltd. including Grand Cayman CHF 1.000 100 - Baer Select Management Ltd. Grand Cayman USD 0.0001 100 - C.I. Directors Ltd. Grand Cayman USD 0.020 100 Directorate Inc. Tortola, BVI USD 0.020 100 Head Office Currency Capital Equity interest m % Finance companies Julius Baer Invest Ltd. including Zurich CHF 10.250 100 Julius Baer Investment Funds Services Ltd. Zurich CHF 1.200 100 Julius Baer Italia Investment Funds Services S.r.l. Milan EUR 0.050 100 Julius Baer (Luxembourg) S.A. Luxembourg EUR 2.125 100 Julius Baer Multistock Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multibond Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multicash Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multipartner Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multiinvest Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multitrading Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multiselect Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multicooperation Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multifund Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multiclient Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer Multiopportunities Advisory Ltd. Luxembourg EUR 0.075 100 Julius Baer SGR S.p.A. Milan EUR 3.500 100 Julius Baer International Ltd. London GBP 5.800 100 Infidar Investment Advisory Ltd. Zurich CHF 1.000 86 1 Julius Baer Securities Inc. including New York USD 0.400 100 Julius Baer Investment Management LLC New York USD 0.100 100 Julius Baer Financial Markets LLC New York USD 0.100 100 Julius Bär Kapital AG Frankfurt EUR 2.600 100 JULIUS BAER GROUP 125
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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
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Financial Report
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Consolidated income statement 2004
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31.12.2004 31.12.2005 Change Change
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Translation differences 2003 2004 2
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Consolidation policies and valuatio
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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 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: 30 Risk-weighted assets (BIS) Notes
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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