Financial Data of the GFKL Group 1.1. - 30.6.2004 on basis of the IFRS consolidated financial statement

Values of the previous year based on the retrospective use of the IAS 32 (revised 2003) and IAS 39 (revised 2003) determines.

	1.1 - 30.6.2004 in TEUR	1.1- 30.6.2003 in TEUR	Change
Earnings per share of common stock in EUR (IAS 33)	0.72	0.17	334%
Revenues	227,386	242,081	-6%
- thereof Leasing business	213,571	219,527	-3%
- thereof Financial Outsourcing business	13,798	22,554	-39%
- thereof Holding	16	0	n/a%

Interest income	22,962	19,546	17%
Other operating income	15,778	11,336	39%
Total operating income	266,126	272,963	-3%

Lease expenses	218,296	234,017	-7%
Cost of purchased goods	980	792	24%
Personnel expenses	14,712	13,560	8%
Other operating expenses	18,057	18,728	-4%
Other taxes	23	19	20%
Earnings before Depreciation	14,058	5,847	140%

Depreciation and amortization	2,113	1,802	17%
Total operating expenses	254,181	268,918	-5%

Operating result after depreciation	11,945	4,045	195%

Earnings from associated companies	-642	0	n/a
Earnings before taxes	11,303	4,045	179%


Taxes on income	1,127	1,699	-34%
Earnings after taxes	10,176	2,346	334%

Profit carried forward from previous year	9,338	6,743	38%
Accumulated profit	19,514	9,089	115%

Earnings before taxes of the business units
-Leasing business	3,148	640	392%
-Financial Outsourcing business	8,748	4,955	77%
-GFKL Financial Services AG (Holding)	156	-803	n/a
-associated companies	-642	0	n/a
-Transition	-107	-748	86%

New Origination of Leasing business	175,623	193,877	-9%
- Number of new contracts	3,690	4,221	-13%
- Average contract size	48	46	4%

Number of employees at the end of the period	737	524	41%
Earnings before taxes per employee	24.8	8.4	194%

	30.6.2004 in TEUR	30.6.2003 in TEUR	Change
Total assets	385,784	368,647	5%
Shareholders´ equity	76,116	67,815	12%
Equity ratio	19.7%	18.4%	7%
Time weighted after tax return on equity*	26.9%	7.0%	228%

^{*) projection to the year}