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

Balance sheet
31.12.2004 31.12.2005 Change Change
CHF 1000 CHF 1000 CHF 1000 %
Assets
Current assets
Due from banks 269947 119178 -150769 -55.9
Securities 11387 2895 -8492 -74.6
Other claims 10074 9802 -272 -2.7
Accrued income and prepaid expenses 215966 220864 4898 2.3
Other assets 3746 28491 24745 660.6
Non-current assets
Participations 633970 5837436 5203466 820.8
Other financial investments 300000 300000 100.0
Treasury shares 54348 - -54348 -100.0
Total assets 1199438 6518666 5319228 443.5
Due from Group companies 269947 433279 163332 60.5
Liabilities and shareholders’ equity
Borrowed funds
Due to banks - 300000 300000 100.0
Debt issued 450000 525000 75000 16.7
Accrued expenses and deferred income 19807 72827 53020 267.7
Other liabilities 13502 4552 -8950 -66.3
Valuation adjustments and provisions 2086 - -2086 -100.0
Shareholders’ equity
Share capital 5384 11163 5779 107.3
General legal reserve 204141 4852845 4648704 2277.2
Reserve for treasury shares 57859 - -57859 -100.0
Other reserves 239282 352141 112859 47.2
Disposable profit 207377 400138 192761 93.0
of which retained earnings 5088 6958 1870 36.8
of which net profit 202289 393180 190891 94.4
Total liabilities and shareholders’ equity 1199438 6518666 5319228 443.5
Due to Group companies 225000 225000 100.0
JULIUS BAER HOLDING LTD. 143