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

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Corporate Governance 5.5 Share ownership a) The Senior Management members and parties closely linked to such persons, in toto 2004 2005 Number Number Registered shares (prior to single-class reg. shares) 235 290 - Bearer shares (prior to single-class reg. shares) 85 340 - Registered shares (after single-class reg. shares) - 645 113 b) The members of the Board of Directors and parties closely linked to such persons, in toto Registered shares (prior to single-class reg. shares) 1 647 240 - Bearer shares (prior to single-class reg. shares) 147 215 - Registered shares (after single-class reg. shares) - 885 825 5.6 Options ownership 1 a) The Senior Management members and 2004 2005 Number Number parties closely linked to such persons, in toto 453 280 323 073 b) The members of the Board of Directors and parties closely linked to such persons, in toto 169 155 89 661 1 A-Call Julius Baer Hld 2001/31.03.2006, maturity 5 years, conversion ratio 1:1.1805, exercise price CHF 133.08, number: 70 950 A-Call Julius Baer Hld 2001/09.07.2006, maturity 5 years, conversion ratio 1:1.1805, exercise price CHF 122.07, number: 26 250 A-Call Julius Baer Hld 2002/31.03.2007, maturity 5 years, conversion ratio 1:1.1805, exercise price CHF 88.10, number: 53 070 A-Call Julius Baer Hld 2002/09.07.2007, maturity 5 years, conversion ratio 1:1.1805, exercise price CHF 72.00, number: 30 325 A-Call Julius Baer Hld 2003/31.03.2008, maturity 5 years, conversion ratio 1:1.1805, exercise price CHF 38.46, number: 66 265 A-Call Julius Baer Hld 2003/23.07.2008, maturity 5 years, conversion ratio 1:1.1805, exercise price CHF 54.72, number: 36 820 A-Call Julius Baer Hld 2004/31.03.2009, maturity 5 years, conversion ratio 1:1.1805, exercise price CHF 69.04, number: 52 580 A-Call Julius Baer Hld 2004/31.08.2009, maturity 5 years, conversion ratio 1:1.1805, exercise price CHF 57.43, number: 22 329 A-Call Julius Baer Hld 2005/31.03.2010, maturity 5 years, conversion ratio 1:1.1805, exercise price CHF 69.97, number: 54 145 54
5.7 Additional honorariums No additional honorariums or disbursements were paid to members of the Board of Directors or to Senior Management members (including parties closely linked to such persons) during the 2005 financial year as set forth in section 5.7 of the directive. 5.8 Loans granted by governing bodies a) The Senior Management members and 2004 2004 2005 2005 Persons CHF 1000 Persons CHF 1000 parties closely linked to such persons, in toto 9 17 375 7 22 281 b) The members of the Board of Directors and parties closely linked to such persons, in toto 8 14 274 7 13 101 The loans granted by governing bodies consist of lombard loans on a secured basis (through pledging of the securities portfolio) and mortgage loans on a fixed and variable basis. The interest rates of the mortgage loans are in line with normal market rates at the time the loans are granted, though as in the case of employees a discount of 1% is granted up to a maximum loan amount of CHF 1 million per borrower. Interest rates of 1.55% to 4.39% (prior to the discount) are applied to the mortgage portfolio as of 31 December 2005. The residual maturities of the mortgage loans as of 31 December 2005 range between 3 months and 10 years. Interest rates ranging from 1.75% to 7.25% are charged on the lombard loans outstanding as of 31 December 2005. 5.9 Highest total compensation in the Board of Directors 2004 2005 Compensation (CHF) 1 675 479 2 822 089 Share allotment (number of shares) 4 535 8 124 of which Corporate Governance Bearer shares (prior to single-class reg. shares) 4 535 - Registered shares (after single-class reg. shares) - 8 124 Option allotment (number of options) 18 810 11 400 55
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2005 Annual Report Julius Baer Hold
Page 3 and 4:
Key figures 2004 2005 Change CHF m
Page 5:
Annual Report 2005
Page 8 and 9: Foreword 4 Dear Shareholders and Cl
Page 10 and 11: Foreword 6 Annual financial results
Page 12 and 13: Foreword 8 The significant economie
Page 14: Foreword 10 2005 will go down in th
Page 17 and 18: anks, the decision has been made to
Page 19 and 20: this corresponds to CHF 2.59 per re
Page 21: 2004 2005 Change Change CHF m CHF m
Page 24 and 25: Private Banking 20 Private Banking
Page 26 and 27: Asset Management 22 Asset Managemen
Page 28 and 29: Trading & Sales 24 Trading & Sales
Page 30 and 31: Corporate Center 26 Corporate Cente
Page 32 and 33: Corporate Center 28 Our model of su
Page 35 and 36: Corporate Governance
Page 37 and 38: 1.2 Cross-shareholdings There are n
Page 39 and 40: 2.3 Changes of capital The descript
Page 41 and 42: egistered shares not physically rep
Page 43 and 44: Corporate Governance tors of Julius
Page 45 and 46: 3.3 Cross-involvement Since 2004, M
Page 47 and 48: The Chairman’s Committee receives
Page 49 and 50: Group Executive Board The Group Exe
Page 51 and 52: Group Managing Board of UBS AG, 199
Page 53 and 54: 4.3 Other activities and functions
Page 55 and 56: Equity Bonus Plan 2004 2005 Number
Page 57: 5.3 Compensation for former members
Page 61 and 62: 7. Changes of control and defense m
Page 63 and 64: 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
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Notes 31.12.2004 31.12.2005 Change
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18 Financial liabilities designated
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20a Deferred tax assets Notes 31.12
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23 Corporate capital Notes Register
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25 Pension plans and other employee
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26 Assets and liabilities by domest
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27 Consolidated off-balance-sheet t
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28 Derivative financial instruments
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29 Financial instruments (continued
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30 Risk-weighted assets (BIS) Notes
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Notes Head Office Currency Capital
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Notes Head Office Currency Capital
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Pro-forma information The following
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Movements in shares granted under v
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Notes 31.12.2004 31.12.2004 31.12.2
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Breakdown of assets under managemen
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Report of the Group auditors to the
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Financial Report of Julius Baer Hol
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lion to CHF 28 million due to capit
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Balance sheet 31.12.2004 31.12.2005
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Proposal of the Board of Directors
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Report of the statutory auditors to
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Addresses and contacts
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2005 Annual Report Julius Baer Holding Ltd. - GAM Holding AG

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