Julius Bär Gruppe : Halbjahresbericht 2022 Julius Bär Gruppe AG (EN) | PDF, 225 KB



HALF-YEAR

REPORT

Julius Baer Group Ltd.



CONTENTS

HALF-YEAR REPORT 2022

JULIUS BAER GROUP LTD.

1. CONSOLIDATED INCOME STATEMENT
2. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
3. CONSOLIDATED BALANCE SHEET

6 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

8 CONSOLIDATED STATEMENT OF CASH FLOWS

1. NOTES TO THE FINANCIAL STATEMENTS

1. CAPITAL RATIOS

33 ABBREVIATIONS USED IN THE GROUP'S FINANCIAL STATEMENTS

This Half-Year Report appears only in English.

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Half-year Report 2022 Julius Baer Group Ltd.

CONSOLIDATED INCOME STATEMENT

		Note	H1 2022	H1 2021	H2 2021	Change
		CHF m	CHF m	CHF m to H1 2021 in %
Interest income on financial instruments		442.2	367.7	390.9	20.3
measured at amortised cost or FVOCI
Interest expense on financial instruments		100.5	59.3	72.2	69.4
measured at amortised cost
Net interest income	1	341.7	308.4	318.7	10.8
Commission and fee income		1,162.8	1,292.1	1,274.8	-10.0
Commission expense		117.9	137.4	133.6	-14.2
Net commission and fee income	2	1,044.9	1,154.7	1,141.2	-9.5
Net income from financial instruments		474.2	502.5	381.8	-5.6
measured at FVTPL
Net credit losses/(recoveries) on financial assets		7.4	1.0	0.8	-
Other ordinary results		11.5	28.4	24.0	-59.5
Operating income		1,865.0	1,992.9	1,864.9	-6.4
Personnel expenses	3	842.0	849.1	811.6	-0.8
General expenses	4	390.6	318.0	364.6	22.8
Depreciation of property and equipment		45.2	49.0	46.7	-7.9
Amortisation and impairment of customer relationships	24.1	28.9	29.1	-16.4
Amortisation and impairment of intangible assets		49.7	41.0	61.2	21.2
Operating expenses		1,351.7	1,286.1	1,313.0	5.1
Profit before taxes		513.3	706.9	551.9	-27.4
Income taxes		63.0	100.9	75.2	-37.5
Net profit		450.3	606.0	476.7	-25.7
Attributable to:		450.6
Shareholders of Julius Baer Group Ltd.		605.8	476.1	-25.6
Non-controlling interests		-0.3	0.2	0.6	-
			450.3	606.0	476.7	-25.7
			H1 2022	H1 2021	H2 2021	Change
Share information		CHF	CHF	CHF	to H1 2021 in %
Basic earnings per share (EPS)		2.15	2.81	2.24	-23.6
Diluted earnings per share (EPS)		2.15	2.81	2.24	-23.6
Weighted average number of shares outstanding		209,853,862	215,578,789	212,408,309

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Half-year Report 2022 Julius Baer Group Ltd.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

	H1 2022	H1 2021	H2 2021
	CHF m	CHF m	CHF m
Net profit recognised in the income statement	450.3	606.0	476.7
Other comprehensive income (net of taxes):
Items that may be reclassified to the income statement
Net unrealised gains/(losses) on debt instruments	-437.3	-26.4	-75.1
measured at FVOCI
Net realised (gains)/losses on debt instruments	-1.2	-9.6	-0.2
measured at FVOCI reclassified to the income statement
Effective portion of changes in fair value of	-36.0	-1.7	-7.0
hedging instruments designated as cash flow hedges
Cost of hedging related to cash flow hedges	-2.2	-	-
Translation differences	-1.0	74.6	-82.4
Realised (gains)/losses on translation differences	0.2	-	-1.4
reclassified to the income statement
Items that will not be reclassified to the income statement
Net unrealised gains/(losses) on equity instruments	9.4	48.1	-16.0
designated at FVOCI
Gains/(losses) from own credit risk on	4.5	0.9	2.2
financial liabilities designated at fair value
Remeasurement of defined benefit obligation	-1.9	59.2	-2.4
Other comprehensive income	-465.5	145.2	-182.3
Total comprehensive income	-15.2	751.2	294.4
Attributable to:	-14.9
Shareholders of Julius Baer Group Ltd.	751.0	293.9
Non-controlling interests	-0.3	0.2	0.5
	-15.2	751.2	294.4

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