Banca Privata Edmond de Rothschild Lugano SA

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Year	Equity	Capital	Reserves	Balance
2002	76,675	5,000	71,675	298,704
2003	79,350	5,000	74,350	301,255
2004	82,100	5,000	77,100	298,561
2005	87,000	5,000	82,000	321,249
2006	92,000	5,000	87,000	320,135