€ thousands

Sep 30, 2004

Sep 30, 2003

December 31, 2003

Assets

A. Cash and cash equivalents

  1. Cash on hand and bank balances

88,146

58,465

53,083

  2. Securities

22,102

16,342

21,076

110,248

74,807

74,159

B. Current assets

  1. Inventories

356

360

387

  2. Trade receivables

126,120

113,483

124,578

  3. Other receivables and other assets

7,043

6,974

7,701

133,519

120,817

132,666

C. Fixed assets

  1. Intangible assets

1,306

1,047

1,491

  2. Goodwill

176,472

176,591

176,472

  3. Property, plant and equipment

44,853

48,537

47,880

  4. Financial assets

6,182

21,629

25,028

228,813

247,804

250,871

D. Deferred taxes

36,465

43,848

44,959

E. Deferred expenses

6,214

6,957

6,476

Total assets

Equity and liabilities

A. Current liabilities

  1. Current financial liabilities

3,757

5,826

6,546

  2. Trade payables

17,508

19,420

26,770

  3. Other current liabilities

18,291

24,810

25,294

  4. Current provisions

46,496

60,247

77,791

86,052

110,303

136,401

B. Non-current liabilities

  1. Non-current financial liabilities

3,887

5,268

4,356

  2. Trade payables

0

0

22

  3. Other non-current liabilities

3,560

3,615

3,641

  4. Provision for pension

20,748

19,047

19,666

  5. Non-current provisions

835

4,091

5,596

29,030

32,021

33,281

C. Deferred taxes

11,944

15,303

12,798

D. Deferres income

75,362

74,182

57,330

E. Minority interest

126

159

126

F. Equity

  1. Share capital

81,800

81,800

81,800

  2. Capital reserve

132

132

132

  3. Retained earnings

156,454

149,358

149,358

  4. Consolidated income

61,901

2,898

7,096

  5. Currency translation differences

- 26,870

- 20,300

- 32,340

  6. Other comprehensive income

39,328

48,377

63,149

312,745

262,265

269,195

Total equity and liabilities