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

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Notes Information on the consolidated income statement 1 Net interest income 94 JULIUS BAER GROUP 2004 2005 Change Change CHF 1000 restated CHF 1000 CHF 1000 % Interest income on amounts due from customers and banks 129691 177775 48084 37.1 Interest and discount income from bills and money market instruments 23948 45049 21101 88.1 Refinancing income from trading positions -2622 -7517 -4895 -186.7 Loan commissions with the character of interest 123 113 -10 -8.1 Total interest and discount income 151140 215420 64280 42.5 Interest income on financial investments 122865 118650 -4215 -3.4 Dividend income on financial investments 2210 4558 2348 106.2 Interest expenses 155423 210735 55312 35.6 Total 120792 127893 7101 5.9 2 Commission income on securities and investment transactions Commissions from asset management and investment 1 791315 1177205 385890 48.8 Income from brokerage and securities underwriting 140229 161259 21030 15.0 Total 931544 1338464 406920 43.7 1 All-in fees, management fees, custodian fees, coupon collection commissions, investment fund commissions, fiduciary commissions, lending fees
3 Results from trading operations Notes 2004 2005 Change Change CHF 1000 restated CHF 1000 CHF 1000 % Securities 25260 35625 10365 41.0 Foreign exchange and precious metals 103695 113231 9536 9.2 Total 128955 148856 19901 15.4 4 Other ordinary results Results from sale of subsidiaries - -1371 -1371 - Results from sale of financial investments -2412 9520 11932 494.7 Equity in income of associates -861 -472 389 45.2 Real estate income 3030 3760 730 24.1 Other ordinary results 2081 83368 81287 3906.2 Total 1838 94805 92967 5058.1 The evaluation of provisions within scope of IAS 37 led to a non-recurring release in the amount of CHF 7.9 million during the 2005 financial year (2004: CHF 1.2 million), which was booked as other ordinary results. The position other ordinary results also contains the proceeds of CHF 61.4 million from the sale of Private Banking USA. JULIUS BAER GROUP 95
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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
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 and 58: 5.3 Compensation for former members
Page 59 and 60: 5.7 Additional honorariums No addit
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: 7. Reputational risks The Group’s
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 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
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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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