GFKL Financial Services AG - Services in Finance & IT: Segment Reporting

Segment Reporting by Business Segment as of December 31, 2007 (in accordance with IFRSs)

	Credit business				Collection business				Software business		Systems business		Group Holding/Consolidation		Group
in €k	Dec. 31, 2007 Germany	Dec. 31, 2007 Other European countries	Dec. 31, 2006 Germany	Dec. 31, 2006 Other European countries	Dec. 31, 2007 Germany	Dec. 31, 2007 Other European countries	Dec. 31, 2006 Germany	Dec. 31, 2006 Other European countries	Dec. 31, 2007	Dec. 31, 2006	Dec. 31, 2007	Dec. 31, 2006	Dec. 31, 2007	Dec. 31, 2006	Dec. 31, 2007	Dec. 31, 2006

Sales	587,354	326,039	560,319	239,493	86,146	28,151	50,524	8,457	30,944	20,157	146,264	152,253	0	0	1,204,898	1,031,203
thereof Operating Lease	0	82,007	1,875	47,859	0	0	0	0	0	0	0	0	0	0	82,007	49,734
Sales to other segments	854	0	3,726	0	1,708	470	1,508	0	1,037	1,636	5,010	3,972	-9,079	-10,842	0	0
Other sales	5,884	4,200	6,380	924	3,577	1,455	2,745	1,173	771	593	5,394	6,379	-1,741	1,566	19,541	19,761
Interest income credit *	66,319	26,966	59,718	11,960	0	0	0	0	0	0	0	0	0	0	93,285	71,678
Segment revenue	660,411	357,205	630,143	252,377	91,431	30,076	54,777	9,630	32,752	22,387	156,669	162,604	-10,819	-9,276	1,317,724	1,122,642

Interest expense credit *	37,240	27,989	30,073	13,624	0	0	0	0	0	0	0	0	0	0	65,228	43,698
thereof Operating Lease	0	9,844	0	5,370	0	0	0	0	0	0	0	0	0	0	9,844	5,370
Amortization/depreciation	593	37,103	723	22,551	1,178	773	1,148	107	1,741	1,562	1,534	1,901	1,685	1,938	44,606	29,931
thereof Operating Lease	0	36,295	188	22,317	0	0	0	0	0	0	0	0	0	0	36,295	22,505
Other segment expenses	609,090	292,526	586,246	215,888	68,388	18,410	42,924	6,083	25,545	19,219	152,546	156,702	-3,550	-5,547	1,162,956	1,021,517
Segment profit	13,489	-412	13,101	313	21,866	10,892	10,705	3,439	5,466	1,606	2,588	4,000	-8,955	-5,667	44,934	27,497

Other interest result *	0	0	0	0	-2,945	-2,641	-997	-2,587	339	31	23	-647	-7,595	-3,258	-12,818	-7,458
Excess remaining after a reassessment in an acquisition	0	0	0	0	0	0	5,645	190	0	0	0	0	0	645	0	6,479
Write-off of financial assets	0	0	0	0	0	0	3	0	0	0	0	0	0	3	0	6
Income from investments in associates	0	-86	0	-32	0	0	32	0	14	0	0	0	0	-20	-72	-20
EBT	13,489	-498	13,101	281	18,921	8,252	15,381	1,042	5,819	1,636	2,612	3,354	-16,550	-8,303	32,044	26,493

Income taxes															14,678	4,561
Consolidated net profit															17,366	21,933

Minority interest in profit															1,987	510
Minority interest in loss															-478	0
Profit to shareholders of parent company															15,857	21,422
Capital expenditure	5,024	101,153	378	44,828	776	634	1,583	1,711	830	252	2,581	2,977	511	1,255	111,510	52,986
Non-cash expenses	1,775	218	1,849	2,791	420	0	1,799	0	33	1,703	24	6,236	9	1,383	2,478	15,761
Segment assets **	350,669	509,578	272,625	348,518	171,393	130,821	157,717	54,356	52,765	30,375	54,162	58,818	79,490	87,087	1,348,877	1,009,497
Segment liabilities ***	228,282	447,053	211,064	307,163	115,469	107,677	102,891	41,740	12,335	3,841	25,450	32,843	152,521	99,169	1,088,788	798,711

	Credit business				Collection business
in €k	Dec. 31, 2007 Germany	Dec. 31, 2007 Other European countries	Dec. 31, 2006 Germany	Dec. 31, 2006 Other European countries	Dec. 31, 2007 Germany	Dec. 31, 2007 Other European countries

Sales	587,354	326,039	560,319	239,493	86,146	28,151
thereof Operating Lease	0	82,007	1,875	47,859	0	0
Sales to other segments	854	0	3,726	0	1,708	470
Other sales	5,884	4,200	6,380	924	3,577	1,455
Interest income credit *	66,319	26,966	59,718	11,960	0	0
Segment revenue	660,411	357,205	630,143	252,377	91,431	30,076

Interest expense credit *	37,240	27,989	30,073	13,624	0	0
thereof Operating Lease	0	9,844	0	5,370	0	0
Amortization/depreciation	593	37,103	723	22,551	1,178	773
thereof Operating Lease	0	36,295	188	22,317	0	0
Other segment expenses	609,090	292,526	586,246	215,888	68,388	18,410
Segment profit	13,489	-412	13,101	313	21,866	10,892

Other interest result *	0	0	0	0	-2,945	-2,641
Excess remaining after a reassessment in an acquisition	0	0	0	0	0	0
Write-off of financial assets	0	0	0	0	0	0
Income from investments in associates	0	-86	0	-32	0	0
EBT	13,489	-498	13,101	281	18,921	8,252

Income taxes
Consolidated net profit

Minority interest in profit
Minority interest in loss
Profit to shareholders of parent company
Capital expenditure	5,024	101,153	378	44,828	776	634
Non-cash expenses	1,775	218	1,849	2,791	420	0
Segment assets **	350,669	509,578	272,625	348,518	171,393	130,821
Segment liabilities ***	228,282	447,053	211,064	307,163	115,469	107,677

	Collection business		Software business		Systems business
in €k	Dec. 31, 2006 Germany	Dec. 31, 2006 Other European countries	Dec. 31, 2007	Dec. 31, 2006	Dec. 31, 2007	Dec. 31, 2006

Sales	50,524	8,457	30,944	20,157	146,264	152,253
thereof Operating Lease	0	0	0	0	0	0
Sales to other segments	1,508	0	1,037	1,636	5,010	3,972
Other sales	2,745	1,173	771	593	5,394	6,379
Interest income credit *	0	0	0	0	0	0
Segment revenue	54,777	9,630	32,752	22,387	156,669	162,604

Interest expense credit *	0	0	0	0	0	0
thereof Operating Lease	0	0	0	0	0	0
Amortization/depreciation	1,148	107	1,741	1,562	1,534	1,901
thereof Operating Lease	0	0	0	0	0	0
Other segment expenses	42,924	6,083	25,545	19,219	152,546	156,702
Segment profit	10,705	3,439	5,466	1,606	2,588	4,000

Other interest result *	-997	-2,587	339	31	23	-647
Excess remaining after a reassessment in an acquisition	5,645	190	0	0	0	0
Write-off of financial assets	3	0	0	0	0	0
Income from investments in associates	32	0	14	0	0	0
EBT	15,381	1,042	5,819	1,636	2,612	3,354

Income taxes
Consolidated net profit

Minority interest in profit
Minority interest in loss
Profit to shareholders of parent company
Capital expenditure	1,583	1,711	830	252	2,581	2,977
Non-cash expenses	1,799	0	33	1,703	24	6,236
Segment assets **	157,717	54,356	52,765	30,375	54,162	58,818
Segment liabilities ***	102,891	41,740	12,335	3,841	25,450	32,843

	Group Holding/Consolidation		Group
in €k	Dec. 31, 2007	Dec. 31, 2006	Dec. 31, 2007	Dec. 31, 2006

Sales	0	0	1,204,898	1,031,203
thereof Operating Lease	0	0	82,007	49,734
Sales to other segments	-9,079	-10,842	0	0
Other sales	-1,741	1,566	19,541	19,761
Interest income credit *	0	0	93,285	71,678
Segment revenue	-10,819	-9,276	1,317,724	1,122,642

Interest expense credit *	0	0	65,228	43,698
thereof Operating Lease	0	0	9,844	5,370
Amortization/depreciation	1,685	1,938	44,606	29,931
thereof Operating Lease	0	0	36,295	22,505
Other segment expenses	-3,550	-5,547	1,162,956	1,021,517
Segment profit	-8,955	-5,667	44,934	27,497

Other interest result *	-7,595	-3,258	-12,818	-7,458
Excess remaining after a reassessment in an acquisition	0	645	0	6,479
Write-off of financial assets	0	3	0	6
Income from investments in associates	0	-20	-72	-20
EBT	-16,550	-8,303	32,044	26,493

Income taxes			14,678	4,561
Consolidated net profit			17,366	21,933

Minority interest in profit			1,987	510
Minority interest in loss			-478	0
Profit to shareholders of parent company			15,857	21,422
Capital expenditure	511	1,255	111,510	52,986
Non-cash expenses	9	1,383	2,478	15,761
Segment assets **	79,490	87,087	1,348,877	1,009,497
Segment liabilities ***	152,521	99,169	1,088,788	798,711

*= As of December 31, 2007 consolidated intercompany interest expenses and income amounted to EUR 9,449k, as of December 31, 2006, they came to EUR 6,645k

Segment Reporting by Business Segment as of December 31, 2007 (in accordance with IFRSs)

*= As of December 31, 2007 consolidated intercompany interest expenses and income amounted to EUR 9,449k, as of December 31, 2006, they came to EUR 6,645k

**= Balance sheet total net of financial assets, deferred taxes, tax refund claims and plus goodwill

***= Provisions and liabilities net of deferred taxes and tax provisions