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

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Notes 33 Equity participation plans (continued from page 131) Movements in options granted under various participation plans are as follows: 132 JULIUS BAER GROUP 31.12.2004 31.12.2004 31.12.2005 31.12.2005 Weighted Weighted average average Number of options exercise price Number of options exercise price CHF CHF Equity Bonus Plan Outstanding, at the beginning of the year 1505125 124.91 1564135 123.02 Granted during the year 72815 81.00 58880 82.60 Exercised during the year 1 -13805 - -1027520 Expired unexercised - - -176950 102.78 Outstanding, at the end of the year 1564135 123.02 418545 84.77 Exercisable, at the end of the year 601750 102.78 123650 133.08 1 Sale of options to market maker (cash settlement) Options outstanding Options exercisable Number of options Remaining Number of options outstanding Exercise price contractual life exercisable Exercise price CHF Years CHF Exercise prices per share 133.08 123650 133.08 0.3 123650 133.08 88.10 74190 88.10 1.3 - - 38.46 91435 38.46 2.3 - - 69.04 70390 69.04 3.3 - - 69.97 58880 69.97 4.3 - -
Notes 31.12.2004 31.12.2004 31.12.2005 31.12.2005 Weighted Weighted average average Number of options exercise price Number of options exercise price CHF CHF Options - Long-Term Incentive Plan Outstanding, at the beginning of the year 1214055 93.22 1373485 87.64 Granted during the year 281835 67.80 - - Exercised during the year 1 -52955 - -557530 Forfeited during the year -69450 90.34 -29825 82.26 Outstanding, at the end of the year 1373485 87.64 786130 70.60 Exercisable, at the end of the year 222450 144.10 334275 91.31 1 Sale of options to market maker (cash settlement) Options outstanding Options exercisable Number of options Remaining Number of options outstanding Exercise price contractual life outstanding Exercise price CHF Years CHF Exercise prices per share 122.07 128900 122.07 0.5 128900 122.07 72.00 205375 72.00 1.5 205375 72.00 52.72 206440 52.72 2.5 - - 57.43 245415 57.43 3.7 - - The compensation expense recognized for the Long-Term Incentive Plan amounted to CHF 26.1 million (2004: CHF 1.0 million). JULIUS BAER GROUP 133
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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
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A hedge is regarded as highly effec
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Intangible assets Intangible assets
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In the case of defined benefit pens
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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 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: Movements in shares granted under v
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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