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

Consolidated income statement
2004 2005 Change Change
Note CHF 1000
restated
CHF 1000 CHF 1000 %
Interest and discount income 151140 215420 64280 42.5
Interest and dividend income on financial investments 125075 123208 -1867 -1.5
Interest expenses 155423 210735 55312 35.6
Net interest income 1 120792 127893 7101 5.9
Commission income on lending activities 1644 1992 348 21.2
Commission income on securities
and investment transactions 2 931544 1338464 406920 43.7
Commission income on other services 26309 21002 -5307 -20.2
Commission expenses 178892 228655 49763 27.8
Results from commission and service fee activities 780605 1132803 352198 45.1
Results from trading operations 3 128955 148856 19901 15.4
Other ordinary results 4 1838 94805 92967 -
Operating income 8 1032190 1504357 472167 45.7
Personnel expenses 5 489227 839174 349947 71.5
General expenses 6 241969 326156 84187 34.8
Depreciation and amortization 14 29647 105969 76322 257.4
Valuation adjustments, provisions and losses 13525 44374 30849 228.1
Operating expenses 774368 1315673 541305 69.9
Net profit before taxes 8 257822 188684 -69138 -26.8
Taxes 7, 8 49945 43873 -6072 -12.2
Net profit 8 207877 144811 -63066 -30.3
Attributable to:
Shareholders of Julius Baer Holding Ltd. 8 210196 146146 -64050 -30.5
Minority interest 8 -2319 -1335 984 42.4
207877 144811 -63066 -30.3
2004 2005 Change Change
Note CHF
restated
CHF CHF %
Share information
Basic net profit per registered share 9 4.13 2.59 -1.54 -37.3
Diluted net profit per registered share 9 4.13 2.58 -1.55 -37.6
JULIUS BAER GROUP 63