Financial Data of the GFKL Group 1.1. - 31.3.2005 on basis of the IFRS consolidated financial statement

	1.1 - 31.3.2005 in TEUR	1.1- 31.3.2004 in TEUR	Change
Earnings per share of common stock in EUR (IAS 33)	0.14	0.63	-77%
Revenues	159,235	105,937	50%
- thereof Leasing business	144,747	99,249	46%
- thereof Financial Outsourcing business	14,488	6,681	>100%
- thereof Holding	0	7	n/a

Interest income	9,215	6,893	34%
Other operating income	1,940	12,594	-85%
Total operating income	170,391	125,423	36%

Lease expenses	146,825	101,652	44%
Cost of purchased goods	1,036	532	95%
Personnel expenses	7,413	4,824	54%
other operating expenses	10,137	7,949	28%
Other taxes	22	12	78%
Earnings before Depreciation	4,957	10,453	-53%

Depreciation	1,039	1,034	0%
Total operating expenses	166,472	116,004	44%

Earnings after Depreciation	3,918	9,419	-58%

Depreciation on investments	0	0	n/a
Earnings from share in associated companies	17	-291	n/a
Earnings before taxes	3,936	9,128	-57%

Taxes on income	1,621	213	>100%
Earnings of minority shareholders	36	0	n/a
Earnings after taxes	2,279	8,914	-74%

Profit carried forward from previous year	21,498	7,411	>100%
Accumulated profit	23,776	16,325	n/a

Development of the Results in the business units
-Leasing business	2,226	716	>100%
-Financial Outsourcing business	2,737	5,805	-53%
-GFKL Financial Services AG (Holding)	-1,770	2,712	n/a
-Depreciation on investments	0	0	n/a
-earnings from share in ass. companies	17	-291	n/a
- earnings of minority shareholders	36	0	n/a
-Transition	726	186	>100%

New Origination of Leasing business	121,635	80,397	51%
- Number of new contracts	2,276	1,738	31%
- Average Contract Size	53	46	16%

Number of employees at the end of the period calculated on fulltime employee without freelancer	644	419	54%
Earnings before taxes per employee	6.1	21.8	-72%

	31.3.2005 in TEUR	31.3.2004 in TEUR	Change
Total assets	414,617	352,173	18%
Shareholders´ equity	117,607	72,694	62%
Equity ratio	28.4%	20.6%	37%
Time weighted after tax return on equity*)	10.4%**)	48.9%	-79%

^{*) Projection to the year
**) considering of proportional capital increase}