(12) Financial investments and investments in associated companies

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in EUR m 31.3.2004 31.12.2003
Bonds and other fixed-income securities 6,084 5,025
Shares and other variable-yield securities 185 174
Other securities and derivatives for hedging purposes 371 227
Investments in unconsolidated affiliated companies 11 10
Other investments 8 4
Aggregate financial investments 6,659 5,440
Investments in companies accounted for under the equity method 52 51
Other associated investments 9 9
Aggregate investments in associated companies 62 61
Aggregate 6,721 5,501
Of which available for sale 4,860 3,695

In this Report, totals may not add up precisely because of rounding off.

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