Financial Data of the GFKL Group 1.1. - 31.12.2002 on basis of the IFRS consolidated financial statement

Figures based on the old IAS 39.

	1.1 - 31.12.2002 in TEUR	1.1- 31.12.2001 in TEUR	Change
Cash earnings according DVFA/SG	19,386	8,118	139%
Earnings per share of common stock in EUR (IAS 33)	0.89	0.45	98%
Revenues	429,930	196,522	119%
- thereof Leasing business	338,515	187,773	80%
- thereof Financial Outsourcing business	102,057	10,693	854%
- thereof Holding	14,182	6,972	103%
- thereof Transition	-24,824	-8,917	178%

Interest income	41,909	20,390	106%
Other operating income	18,017	1,855	871%
Total operating income	489,856	218,767	124%

Lease expenses	416,705	188,683	121%
Cost of purchased goods	1,171	464	152%
Personnel expenses	23,227	11,625	100%
Other operating expenses	29,162	9,863	196%
Other taxes	29	28	4%
Earnings before depreciation	19,562	8,104	5141%

Depreciation and amortization	1,890	887	113%
Total operating expenses	472,184	211,550	123%

Earnings before taxes	17,672	7,217	145%

Taxes on income	6,179	2,948	110%
Earnings after taxes	11,493	4,269	169%

Profit carried forward from previous year	8,537	4,268	100%
Accumulated profit	20,030	8,537	135%

Earnings before taxes of the business units
-Leasing business	9,313	6,018	55%
-Financial Outsourcing business	8,090	3,039	166%
-GFKL Financial Services AG (Holding)	1,531	-802	n/a
--Transition	-1,262	-1,038	22%

New Origination of Leasing business	284,422	165,794	72%
- Number of new contracts	5,703	2,660	114%
- Average Contract Size	50	62	-20%

Number of employees at the end of the period	435	258	69%
Earnings before taxes per employee	51.0	32.8	55%

	31.12.2002 in TEUR	31.12.2001 in TEUR	Change
Total Assets	361,470	145,610	148%
Shareholders´ equity	78,756	24,735	218%
Equity ratio	21.8%	17.0%	28%
Time weighted after tax Return on equity*	22.2%	21.8%	2%

^{*) projection to the year}

Financial Data of the GFKL Group 1.1. - 31.12.2002 on basis of the IFRS consolidated financial statement

Further Financial Data