bank sarasin 2013 en
TRANSCRIPT
-
8/12/2019 Bank Sarasin 2013 En
1/32
Annual Report2013Bank J.Safra Sarasin Ltd
-
8/12/2019 Bank Sarasin 2013 En
2/32
!
Consolidated Financial Statements
-
8/12/2019 Bank Sarasin 2013 En
3/32
"
Consolidated balance sheet
#$$%&$
"'( '!( !*'"
+,- ***
./&01 0$$%&$ !!23452567 '3284"267"
9:0;:1:&:%$
./&01 1:0;:1:&:%$ !!23452567 '3284"267"
-
8/12/2019 Bank Sarasin 2013 En
4/32
5
Consolidated off-balance sheet
"'( '!( !*'"
-
8/12/2019 Bank Sarasin 2013 En
5/32
8
Consolidated income statement
!*'"
0&:?@ :?A/B% 3'423*! 74'28""
0&:?@ %C=%?$%$
D>/$$ =>/E:& '!32!'5 '582543
F%$G1& ;%E/>% %C&>0/>H:?0>I :&%B$ 0?H &0C%$ 8*2!3'
D>/G= J1/$$KL=>/E:& E/> &M% I%0> 572!7"
-
8/12/2019 Bank Sarasin 2013 En
6/32
7
Consolidated statement of cash flows
"'( '!( !*'"
N/G>A% /E
EG?H$
O$% /E
EG?H$
+0$M E1/P E>/B /=%>0&:?@ 0A&:Q:&:%$ 3!2!6* * '!"2"88 *
+0$M E1/P E>/B %RG:&I &>0?$0A&:/?$ * * '62786 *
+0$M E1/P E>/B :?Q%$&B%?& 0A&:Q:&:%$ !2"832!35 * *
+0$M E1/P E>/B E:?0?A:?@ 0A&:Q:&:%$ '2*8325!" * '265'2'6* *
S%& : ?A> %0 $%LH%A>%0 $% :? A0 $M 0?H A0$M %RG:Q01 %?&$ "256 52''7 * ! 2*5325 4* *
S%& :?A>%0$%LH%A>%0$% :? A0$M "25652''7 !2*53254*
./&01 A0$M 323!42445 52!"52374
-
8/12/2019 Bank Sarasin 2013 En
7/32
3
+/BB%?&$ /? ;G$:?%$$ 0A&:Q:&:%$ 0?H
?GB;%> /E %B=1/I%%$
T%>@%> ;%&P%%? U0?V N0>0$:? 0?H U0?V
#AA/G?&:?@ 0?H Q01G0&:/? =>:?A:=1%$
+/?$/1:H0&:/? =>:?A:=1%$
+/?$/1:H0&:/? =%>:B%&%>
+/?$/1:H0&:/? B%&M/H
Consolidated notes
-
8/12/2019 Bank Sarasin 2013 En
8/32
4
W1:B:?0&:/? /E :?&>0X@>/G= >%A%:Q0;1%$ 0?H=0I0;1%$
F%A/>H:?@ /E &>0?$0A&:/?$
9:RG:H 0$$%&$2 B/?%IXB0>V%& =0=%>$2
>%A%:Q0;1%$ E>/B ;0?V$ 0?H A1:%?&$
N%AG>:&:%$ 0?H =>%A:/G$ B%&01$ &>0H:?@
=/>&E/1:/$
-:?0?A:01 :?Q%$&B%?&$
-:C%H 0$$%&$ 0?H :?&0?@:;1% 0$$%&$
-
8/12/2019 Bank Sarasin 2013 En
9/32
6
YB=0:>B%?& /E ?/?XE:?0?A:01 0$$%&$
Z01G% 0H[G$&B%?&$ 0?H =>/Q:$:/?$
.>0?$10&:/? /E E/>%:@? AG>>%?A:%$
\%>:Q0&:Q% :?$&>GB%?&$
!*'" !*'!
-:C%H 0$$%&$
Y?&0?@:;1% 0$$%&$
+G>>%?AI !*'"
-
8/12/2019 Bank Sarasin 2013 En
10/32
'*
%=/ 0?H >%Q%>$% >%=/
0?H $%AG>:&:%$ 1%?H:?@ 0?H ;/>>/P:?@
&>0?$0A&:/?$
.0C%$
+M0?@%$ :? 0AA/G?&:?@ =/1:A:%$ 0?H
Q01G0&:/? =>:?A:=1%$
.>%0&B%?& /E /Q%>HG% :?&%>%$& :?A/B%
WB=1/I%% ]%?$:/? =10?$
+/?$/1:H0&%H $G=%>Q:$:/?
-
8/12/2019 Bank Sarasin 2013 En
11/32
''
F:$V B0?0@%B%?&
N&>GA&G>% /E >:$V B0?0@%B%?&
-
8/12/2019 Bank Sarasin 2013 En
12/32
'!
F:$V A0&%@/>:%$
-
8/12/2019 Bank Sarasin 2013 En
13/32
'"
-
8/12/2019 Bank Sarasin 2013 En
14/32
'5
-
8/12/2019 Bank Sarasin 2013 En
15/32
'8
Consolidated notes Informationonthebalance sheet
Q:%P /E A/110&%>01 E/> 1/0?$ 0?H /EEX;010?A% $M%%& &>0?$0A&:/?$
9/0?$ 0?H 0HQ0?A%$
./&01 1/0?$ 0?H 0HQ0?A%$ =%>
"'( '!( !*'" !2*862733 82'!4285" 7"27** 32!8'24!*
"'( '!( !*'" 3 '"*28'* '742757 !662'7"
YB=0:>%H 1/0?$
YB=0:>%H 1/0?$ =%> "'( '!( !*'" !6!2676 '!52!83 '7423'! '7423'!
-
8/12/2019 Bank Sarasin 2013 En
16/32
'7
N%AG>:&:%$ 0?H =>%A:/G$ B%&01$ &>0H:?@ =/>&E/1:/
"'( '!( !*'"
\%;& $%AG>:&:%$
./&01 $%AG>:&:%$ 0?H =>%A:/G$ B%&01$ &>0H:?@ =/>&E/1:/ 7372685 85627*5
-:?0?A:01 :?Q%$&B%?&$
"'( '!( !*'"
U//V Q01G% -0:> Q01G%
\%;& $%AG>:&:%$
./&01 E:?0?A:01 :?Q%$&B%?&$ 52'662'"7 52!'!274' !25"'267' !25842866
-
8/12/2019 Bank Sarasin 2013 En
17/32
'3
N:@?:E:A0?& =0>&:A:=0&:?@ :?&%>%$&$
"#$%
"#$%
"#$%
"#$%
S/? A/?$/1:H0&%H :?Q%$&B%?&$ :? $G;$:H:0>I A/B=0?:%$
-
8/12/2019 Bank Sarasin 2013 En
18/32
'4
-:C%H 0$$%&$2 :?&0?@:;1% 0$$%&$ 0?H =0>&:A:=0&:?@ :?&%>%$&$
U//V
Q01G% 0$ 0&
"'( '!( !*'"
]0>&:A:=0&:?@
:?&%>%$&$
./&01 =0>&:A:=0&:?@
:?&%>%$&$ 52783 !3 52745 * '8 * * "2!!6
-:C%H 0$$%&$
./&01 E :C%H 0$$%&$ "3!25'5 '832'"' '!"2"!7 4266" !8723*6
Y?&0?@:;1% 0$$%&$
./&01 :?&0?@:;1%
0$$%&$ !'42!77 !2654 * * * * '26"'
-
8/12/2019 Bank Sarasin 2013 En
19/32
'6
0$$%&$
"'( '!( !*'"
./&01 /&M%> 0$$%&$ !!32465 !'623"7
1:0;:1:&:%$
./&01 /&M%> 1:0;:1:&:%$ 3662384 7"42"4"
9%?H:?@ &>0?$0A&:/?$ 0?H $%AG>:&:%$ >%=G>AM0$% 0@>%%B%?&$
"'( '!( !*'"
]1%H@%H /> 0$$:@?%H 0$$%&$ &/ $%AG>% /P? A/BB:&B%?&$ 0?H 0$$%&$ $G;[%A& &/
>%$%>Q0&:/? /E &:&1%
"'( '!( !*'"
U//V Q01G%
WEE%A&:Q%
A/BB:&B%?&
./&01 =1%H@%H 0$$%&$ 5382874 """2683 !762!56 '*42'3"
-
8/12/2019 Bank Sarasin 2013 En
20/32
!*
]%?$:/? :?$&:&G&:/?$
S/B:?01 Q01G%
"'( '!( !*'"
F%?G?A:0&:/?
/E G$%
"'( '!( !*'"
+>%0&:/?
!*'"
U010?A%
$M%%&
"'( '!( !*'"
F%$G1& E>/B
W+F :?
=%>$/??%1
%C=%?$%$
!*'"
WB=1/I%>^$ A/?&>:;G&:/? >%$%>Q%$ JW+FK'K
* * * * *
NG>=1G$LH%E:A:&
"'( '!( !*'"
WA/?/B:A01
=0>& /E &M%
/>@0?:$0&:/?
"'( '!( !*'"
+M0?@% :?
&M% =>:/> I%0>
=%>:/H />
>%A/@?:$%H :?
&M% AG>>%?&
>%$G1& /E
&M% =%>:/H2
>%$=%A&:Q%1I
!*'"
+/?&>:;G&:/?$
A/?A%>?:?@
&M% ;G$:?%$$
=%>:/H
"'( '!( !*'"
]%?$:/?
;%?%E:&
%C=%?$%$
P:&M:?
=%>$/??%1
%C=%?$%$
!*'"
WA/?/B:A01 ;%?%E:&L%A/?/B:A /;1:@0&:/?
0?H =%?$:/? ;%?%E:& %C=%?$%$_
./&01 * * * ""245! ""245!
U/?H$ /G&$&0?H:?@
"'( '!( !*'"
./&01 8'3258*
Q:%P /E B0&G>:&:%$ /E ;/?H$ /G&$&0?H:?@
./&01
./&01 * * "4'2!8* 5!24** '32*** 3725** 8'3258*
-
8/12/2019 Bank Sarasin 2013 En
21/32
!'
Z01G% 0H[G$&B%?&$ 0?H =>/Q:$:/?$L>%$%>Q%$ E/> @%?%>01 ;0?V:?@ >:$V$
U//V
Q01G% 0$ 0&
"'( '!( !*'"
]>/Q:$:/?$ E/> H%E%>>%H &0C%$ "85 * * * * *
./&01 Q01G% 0H[G$&B%?&$ 0?H =>/Q:$:/?$ '!828!8 "2738 62*55 '3427** !332*7'
./&01 Q01G% 0H[G$&B%?&$ 0?H =>/Q:$:/?$ 0$
=%> ;010?A% $M%%& 52*"" '*42"56
F%$%>Q%$ E/> @%?%>01 ;0?V:?@ >:$V$ "72*** * * * * * "72***
NM0>% A0=:&01 $&>GA&G>% 0?H H:$A1/$G>% /E $M0>%M/1H%>$ M/1H:?@ B/>% &M0? 8` Q/&:?@ >:@M&$
"'( '!( !*'"
SGB;%> /E
$M0>%$ S/B:?01 +,-
\:Q:H%?H
;%0>:?@
A0=:&01
NM0>% A0=:&012 A10$$ # >%@:$&%>%H $M0>%$ JP:&M Q/&:?@
>:@M&$K 87283'25!4 *(*3 "267* 87283'25!4 * "267*
./&01 $M0>% A0=:&01 J+,- ***K !!2*'8 !!2*'8
-
8/12/2019 Bank Sarasin 2013 En
22/32
!!
N&0&%B%?& /E AM0?@%$ :? $M0>%M/1H%>$^ %RG:&I
!*'"
NM0>%M/1H%>$^ %RG:&I
./&01 $M0>%M/1H%>$^ %RG:&I 0$ /E '( '( '2!'"24*"
./&01 $M0>%M/1H%>$^ %RG:&I 0$ /E "'( '!( '236'2573
./&01 $M0>%M/1H%>$^ %RG:&I 0$ /E "'( '!( '236'2573
-
8/12/2019 Bank Sarasin 2013 En
23/32
!"
T0&G>:&I 0?01I$:$ /E AG>>%?& 0$$%&$ 0?H &M:>HX=0>&I 1:0;:1:&:%$
#$$%&$
./ &0 1 0 $$%& $ =%> "' ( '!( !*'" 4 25*7 2*7' 4*724'! 725*625'7 ' 286'2458 " 2"!824'5 ' 2885 2656 !!2*652463
9:0;:1:&:%$
./&01 1:0;:1:&:%$ ''2"6*2848
#B/G?&$ HG% E>/B 0?H HG% &/ 0EE:1:0&%H A/B=0?:%$ 0$ P%11 0$ 1/0?$ 0?H %C=/$G>%$ &/ B%B;%>$ /E &M% D>/G=^$
@/Q%>?:?@ ;/H:%$
"'( '!( !*'"
7265'
-
8/12/2019 Bank Sarasin 2013 En
24/32
!5
#$$%&$ 0?H 1:0;:1:&:%$ ;I H/B%$&:A 0?H E/>%:@? />:@:?
"'( '!( !*'"
NP:$$ -/>%:@?
#$$%&$
./&01 0$$%&$ 624372377 '!26*323"* 724582854 '*23"425'8
9:0;:1:&:%$ 0?H %RG:&I
./&0 1 1 :0;: 1: &:%$ 0?H $M0>%M/ 1H%>$^ %RG :&I 6 25!'2376 '"2"7!23!3 '*285425!4 32*"828"8
#$$%&$ ;I A/G?&>:%$LA/G?&>I @>/G=$
"'( '!( !*'"
./&01 ]0>& 0$ 0 `
./&01 E/>%:@? 0$$%&$ '!26*323"* 87(3 '*23"425'8 7'('
./&01 0$$%&$ !!23452567 '**(* '3284"267" '**(*
-
8/12/2019 Bank Sarasin 2013 En
25/32
!8
U010?A% $M%%& ;I AG>>%?A:%$
#$$%&$
./&01 ;010?A% $M%%& 0$$%&$ ''2 '86244" ' 26642'74 ' 2!*52 !"' 72*342*'4 !2"552'67 !!23452567
./&01 0$$%&$ = %> "' ( ' !( !*'" '5247! 2!66 42'' !23!' ! 2"!726* 5 ' 8238*25 83 8237 5233! 5 724 '32'8 "
9:0;:1:&:%$
./&0 ;010?A% $M%%& 1:0;:1:&:%$ 327662 !!' 52 '842567 6'8244' 425*32337 '27*"2 '!! !!23452567
./ &0 1 1 :0;: 1: &: %$ =%> "'( '!( !*'" '82*34 2''! 4 2*"7 28!7 ! 2"!825!7 '823432"75 827*326'6 5724"82"53
S%& =/$:&:/? =%> AG>>%?AI =%> "' ( '!( !*'" 372'68 '2534 '87248"
-
8/12/2019 Bank Sarasin 2013 En
26/32
!7
Consolidated notes Informationonoff-balance sheet transactions "'( '!( !*'"
+/?&:?@%?& 1:0;:1:&:%$ !8!2'65 '7"2"4'
./ &0 1 0 E&% > ?%& &:?@ A/?& >0A& $ =%> "'( '!( !*'" !*32"87 3882!63
:Q0&:Q% E:?0?A:01 :?$&>GB%?&$
.>0H:?@ :?$&>GB%?&$
]/$:&:Q%
>%=10A%B%?&
Q01G%
S%@0&:Q%
>%=10A%B%?&
Q01G%
S/&:/?01
0B/G?&
Y?&%>%$& >0&% :?$&>GB%?&$
./ &0 1 : ?&% >%$& >0& % : ?$ &>GB%?&$ !62""4 !82!86 ! 2"38 23'3 ! 2!'8 '728!4 5662!**
-/>%:@? %CAM0?@%
./&01 E/>%:@? %CAM0?@% '!'2"85 '"426*" !52*"!2784 * * *
WRG:&I $%AG>:&:%$L:?H:A%$
./&01 %RG:&I $%AG>:&%$L:?H:A%$ 582656 87323*5 '2'782*'' * * *
]>%A:/G$ B %&01$LA/BB/H:&:%$
./&01 =>%A:/G$ B%&01$ 42566 726*" '4324!7 * * *
./&01 ; %E /> % ?%&&:?@ A/?&>0A&$ =%> "' ( ' !( !*' " !*82'5' 3"4 2376 ! 3237' 2!' ' ! 2!' 8 '728!4 5662!* *
-
8/12/2019 Bank Sarasin 2013 En
27/32
!3
-:HGA:0>I &>0?$0A&:/?$
"'( '!( !*'"
-:HGA:0>I &>0?$0A&:/?$ 8'82'*! '26742575
T0?0@%H 0$$%&$
"'( '!( !*'"
./&01 0$$%&$ G?H%> B0?0@%B%?& '''24!5 63234"
S%& ?%P B/?%I '!26"!
-
8/12/2019 Bank Sarasin 2013 En
28/32
!4
Consolidated notes Informationoftheincome statement
!*'"
F%$G1&$ E>/B &>0H:?@ 0A&:Q:&:%$
./&01 >%$G1&$ E>/B &>0H:?@ /=%>0&:/?$ 3423*8 682477
]%>$/??%1 %C=%?$%$
./&01 =%>$/??%1 %C=%?$%$ 5!'28*" "642*8"
D%?%>01 0?H 0HB:?:$&>0&:Q% %C=%?$%$
./&01 @%?%>01 0HB:?:$&>0&:Q% %C=%?$%$ '762648 '"3266"
+/BB%?&$ /? B0&%>:01 1/$$%$2 %C&>0/>X
H:?0>I :?A/B% 0?H %C=%?$%$2 0$ P%11 0$
B0&%>:01 >%1%0$%$ /E M:HH%? >%$%>Q%$2
>%$%>Q%$ E/> @%?%>01 ;0?V:?@ >:$V$2 Q01G0X
&:/? 0H[G$&B%?&$ 0?H =>/Q:$:/?$ ?/ 1/?@%>
>%RG:>%H(
-
8/12/2019 Bank Sarasin 2013 En
29/32
!6
#?01I$:$ /E :?A/B% 0?H %C=%?$%$ E>/B />H:?0>I ;0?V:?@ /=%>0&:/?$ ;I ;G$:?%$$
1/A0&:/?$
!*'"
./&01
D>/$$ =>/E:& 542*68 362''4 '!32!'5
D>/$$ =>/E:& 4826!4 862886 '582543
-
8/12/2019 Bank Sarasin 2013 En
30/32
"*
Report of the Group Auditors
F%=/>& /E &M% N&0&G&/>I #GH:&/> /? &M%
+/?$/1:H0&%H -:?0?A:01 N&0&%B%?&$
U/0>H /E \:>%A&/>$^ F%$=/?$:;:1:&I
#GH:&/>^$ F%$=/?$:;:1:&I
-
8/12/2019 Bank Sarasin 2013 En
31/32
"'
& /? /&M%> 1%@01 >%RG:>%B%?&$
-
8/12/2019 Bank Sarasin 2013 En
32/32