IFRS CONSOLIDATED BALANCE SHEET

ASSETS in € thousands	Notes	31.12.2007	31.12.2006
ASSETS
Non-current assets
Intangible assets	1.	8	13
Property, plant and equipment	2.	144,353	155,290
Investment properties	3.	1,658,200	1,452,002
Non-current financial assets	4.	32,851	29,077
Other non-current assets	5.	3,802	16,508
Non-current assets		1,839,214	1,652,890

Current assets
Trade receivables	6.	3,179	2,337
Receivables from other investees andinvestors		0	2,184
Other current assets	7.	21,269	41,900
Other financial investments	8.	3,681	2,688
Cash and cash equivalents	9.	108,993	94,214
Current assets		137,122	143,323

Total assets		1,976,336	1,796,213

EQUITY AND LIABILITIES in € thousands	Notes	31.12.2007	31.12.2006
EQUITY AND LIABILITIES
Equity and reserves
Issued capital		34,375	22,000
Capital reserves		546,213	558,588
Retained earnings		280,210	215,668
Total equity	10.	860,798	796,276

Non-current liabilities
Bank loans and overdrafts	11.	849,258	752,100
Deferred tax liabilities	12.	64,303	81,158
Right to redeem of limited partners	13.	113,249	101,642
Other non-current liabilities		540	403
Non-current liabilities		1,027,350	935,303

Current liabilities
Bank loans and overdrafts	11.	46,694	28,529
Current trade payables	14.	8,651	6,497
Tax provisions	15.	520	1,308
Other provisions	16.	25,070	18,543
Other non-current liabilities	17.	7,253	9,757
Current liabilities		88,188	64,634

Total equity and liabilities		1,976,336	1,796,213

Navigation aid