Financial Data of the GFKL Group 1.1. - 31.3.2003 on basis of the IFRS consolidated financial statement

Figures based on the old IAS 39.


1.1 - 31.3.2003
in TEUR

1.1- 31.3.2002
in TEUR

Change

Cash earnings according DVFA/SG

4,164

1,940

115%

Earnings per share of common stock in EUR (IAS 33)

0.14

0.09

54%

Revenues

112,835

64,920

74%

- thereof Leasing business

100,416

62,586

60%

- thereof Financial Outsourcing business

17,597

3,309

432%

- thereof Holding

2,799

1,690

66%

- thereof Transition

-7,977

-2,665

199%

 

Interest income

13,476

5,395

150%

Other operating income

5,122

963

432%

Total operating income

131,433

71,278

84%

 

Lease expenses

110,197

62,186

77%

Cost of purchased goods

575

190

203%

Personnel expenses

6,080

4,189

45%

Other operating expenses

10,361

2,748

277%

Other taxes

1

6

-83%

Earnings before depreciation

4,219

1,959

115%

 

Depreciation and amortization

837

430

95%

Total operating expenses

128,051

69,749

84%

 

Earnings before taxes

3,382

1,529

121%

 

Taxes on income

1,420

630

125%

Earnings after taxes

1,961

899

118%

 

Profit carried forward from previous year

20,030

8,537

135%

Accumulated profit

21,992

9,436

133%

 

Earnings before taxes of the business units

-Leasing business

2,301

1,204

91%

-Financial Outsourcing business

2,087

642

225%

-GFKL Financial Services AG (Holding)

-40

-188

n/a

-Transition

-966

-128

655%

 

New Origination of Leasing business

90,727

50,462

80%

- Number of new contracts

1,987

1,101

80%

- Average Contract Size

46

46

0%

 

Number of employees at the end of the period

466

332

40%

Earnings before taxes per employee

7.5

5.2

45%

 

1.1.-31.3.2003
in TEUR

1.1.-31.3.2002
in TEUR

Change

Shareholders´ equity

80,718

36,359

122%

Equity ratio

20.7%

11.9%

74%

Time weighted after tax Return on equity*

9.8%

11.8%

-16%


*) projection to the year