Statement of Changes in Equity

5 of 6

in EUR 1,000	Subscribed capital	Capital reserve	Retained earnings	Hedging reserve	Net profit	Total = Equity
as at 31.12.2002	46,000	61,047	193,042	-16,133	25,670	309,626
+/- 2003	0	0	27,415	-653	14,964	41,726
as at 31.12.2003	46,000	61,047	220,457	-16,786	40,634	351,352
+/- 2004	0	0	52,054	-3,803	-27,021	21,230
as at 31.3.2004	46,000	61,047	272,511	-20,589	13,613	372,582

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

(19) Subordinated capital

5 of 6