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(8) Income from Shareholdings
in T€ FY 2007 FY 2006
Earnings from profit transfer agreements 505 921
of which affiliated companies [435] [921]
Earnings from shareholdings 2,993 1,610
of which affiliated companies [246] [–]
Expenses from the assumption of losses 1,407 257
of which affiliated companies [1,407] [43]
Income from shareholdings 2,091 2,274
(9) Income from Associated Companies
in T€ FY 2007 FY 2006
Income from associated companies 9,519 87,667
The income from associated companies derives from Hüttenwerke Krupp Mannesmann GmbH, Duisburg,
and ThyssenKrupp GfT Bautechnik GmbH, Essen. The decrease compared with the previous year
can be attributed to the disposal of the shareholding in Vallourec S.A., Boulogne-Billancourt, in August
2006. Income from associated companies in the financial year 2006 still included this company’s
proportional semi-annual result.
(10) Impairment Losses on Financial Assets
in T€ FY 2007 FY 2006
Impairment losses on financial assets 5,600 218
The impairment losses on financial assets in the financial year under review result entirely from the fair
value of shares in an affiliated company. The calculation of the useful life is based on the current plans
prepared by management for the three following years. The premises of the plans are adjusted to take
account of the current state of knowledge. The value in use was calculated using the discounted cash
flow method based on an interest rate of 13.9% p.a.