iesy Repository GmbH - Irish Stock Exchange

The capitalized expenses for the start-up and expansion of business occurred with regard to the implementation and
upgrading of existing cable networks for Highspeed-Data, an internet technology via cable.
All receivables and other assets are due within one year except for € 1.0 mill. receivables from security deposits
which are due within more than one year.
The movements in consolidated equity are as follows:
Subscribed
capital
iesy Repository GmbH, Hamburg
Capital
reserves
Loss
carried
forward
338
Profit/loss
for the
period Equity Minorities
Consolidated
equity
T € T € T € T € T € T € T €
As of 1/1/2005 12,682 179,118 -4,953 4,084 190,931 0 190,931
Appropriation of result 0 0 4,084 -4,084 0 0 0
Profit / loss for the year 0 0 0 -11,619 -11,619 0 -11,619
As of 3/31/2005 12,682 179,118 -869 -11,619 179,312 0 179,312
Due to the capitalization of expenses for the start-up and expansion of business a distribution ban of T€ 231 exists.
Provisions and accruals have been primarily accrued for remaining days of holiday, variable and performance related
compensation payments, redundancy payments and outstanding vendor invoices.
The maturity of liabilities is as follows:
Due within
one year
Due within
five years
Due in
more than
five years
T € T € T €
Liabilities to banks/bondholders 0 0 215,000
Trade payables 2,791 0 0
Liabilities to companies with share relationship 89 0 0
Other liabilities 7,063 0 0
9,943 0 215,000
Liabilities to banks/bondholders consist of € 215 mill. senior notes, issued by iesy Repository GmbH. The general,
senior secured notes are guaranteed on a senior subordinated basis by New iesy GmbH and iesy Hessen GmbH & Co. KG.
Sales were solely made in Germany.
Extraordinary expenses of € 14.5 mill. result from the issuance of notes and the acquisition of ish.
6. Other Information
Other financial obligations
The other financial commitments result essentially from purchase obligations for network infrastructure services of
Deutsche Telekom AG, Bonn.
Network infrastructure, rental, leasing and other commitments
2005, three quarters 23,009
2006 29,250
2007 25,083
2008 25,151
2009 24,492
2010 and thereafter (annually) 24,841
T €
151,826