Notes to the consolidated balance sheet

1/2 forward

Goodwill

Goodwill as of March 31, 2008 in the amount of €420,865 thousand showed a total decrease of €10,731 thousand over December 31, 2007 as a result of changes in currency exchange rates, particularly the weak US dollar, which impacted goodwill with € -11,067 thousand, as well as €336 thousend EUR from the purchase of the remaining shares of 49 percent in SPL Idor Business Solutions, Or-Yehuda, Israel.

Shareholders’ equity

The change in shareholder’s equity is shown in the following Statement of Changes in Equity as of March 31, 2008.

STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD JANUARY 01 TO MARCH 31, 2008 AND JANUARY 01 TO MARCH 31, 2007
IFRS, unaudited

in € thousands Shares


Number Share
capital
Capital
reserve
Retained
earnings
Net income
attributable
to shareholders
Equity as of January 1, 2008 28,539,455 85,618 31,933 387,907
New shares issued 36,013 108 549

Stock options

281

Purchase of minority interest
in fully consolidated companies





Net income for the year



22,538
Currency translation differences




Net gain from fair value
measurement of financial instruments not
recognized in income





Net gain from fair value
measurement of net investments in foreign
operations not recognized
in income





Equity as of March 31, 2008 28,575,468 85,726 32,763 387,907 22,538

in € thousands



Currency
translation
adjustments
Other
reserves
Minority
interest
Total
Equity as of January 1, 2008 – 80,008 36,343 669 462,462
New shares issued


657
Stock options


281
Purchase of minority interest in fully
consolidated companies


– 669 – 669
Net income for the year


22,538
Currency translation differences – 26,838

– 26,838
Net gain from fair value measurement
of financial instruments not
recognized in income

– 3,937
-3,937
Net gain from fair value measurement
of net investments in foreign
operations not recognized in income

341
341
Equity as of March 31, 2008 – 106,846 32,747 0 454,835