Financial Data of the GFKL Group 1.1. - 30.9.2003 on basis of the IFRS consolidated financial statement

Figures based on the old IAS 39.

	1.1 - 30.9.2003 in TEUR	1.1- 30.9.2002 in TEUR	Change
Cash earnings according DVFA/SG	114,120	12,910	9%
Earnings per share of common stock in EUR (IAS 33)	0.49	0.55	-11%
Revenues	354,008	240,041	47%
- thereof Leasing business	332,652	230,887	44%
- thereof Financial Outsourcing business	37,280	15,338	143%
- thereof Holding	9,947	7,570	31%
- thereof Transition	-25,871	-13,754	88%

Interest income	34,750	35,121	-1%
Other operating income	14,415	4,871	196%
Total operating income	403,173	280,033	44%

Lease expenses	341,463	233,874	46%
Cost of purchased goods	949	843	13%
Personnel expenses	20,367	15,310	33%
Other operating expenses	25,840	16,056	61%
Other taxes	27	177	-85%
Earnings before depreciation	14,527	13,773	5%

Depreciation and amortization	2,531	1,192	112%
Total operating expenses	391,176	267,452	46%

Earnings before taxes	11,996	12,581	-5%

Taxes on income	5,039	5,659	-11%
Earnings after taxes	6,958	6,922	1%

Profit carried forward from previous year	20,030	8,537	135%
Accumulated profit	26,988	15,459	75%

Earnings before taxes of the business units
-Leasing business	8,199	6,367	29%
-Financial Outsourcing business	6,007	7,776	-23%
-GFKL Financial Services AG (Holding)	-999	-748	34%
-Transition	-1,211	-814	49%

New Origination of Leasing business	283,888	196,886	44%
- Number of new contracts	6,169	4,023	53%
- Average Contract Size	46	49	-6%

Number of employees at the end of the period	477	362	32%
Earnings before taxes per employee	26.3	40.6	-35%

	30.9.2003 in TEUR	01.1.2003 in TEUR	Change
Total assets	373,867	361,470	3%
Shareholders´ equity	85,714	78,756	9%
Equity ratio	22.9%	21.8%	5%
Time weighted after tax return on equity*	11.3%	22.2%	-49%

^{*) projection to the year}