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COURTESY TRANSLATION FROM THE GERMAN LANGUAGE
FOR INTERPRETATION, THE GERMAN TEXT SHALL PREVAIL
KABELNETZ NRW HoldCo GmbH, Cologne
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2004
360
2004 2003
EUR k EUR k
Sales 401,683 369,935
Own work capitalized 5,989 5,078
Other operating income 16,425 29,210
Cost of materials
Cost of raw materials and supplies -4,743 -2,927
Cost of purchased services -50,385 -50,825
Personnel expenses
Wages and salaries -56,329 -58,746
Social security and other pension costs -9,448 -10,036
—thereof for pensions: EUR 1,814k (2003: EUR 2,515k)
Depreciation and amortisation on intangible assets, property, plant and equipment and on business
expansion expenses -223,057 -181,836
Other operating expenses -82,612 -99,461
Other interest and similar income 2,519 3,315
Interest and similar expenses -72,685 -74,355
Result from ordinary activities -72,643 -70,648
Income taxes -74 -77
Other taxes 0 -185
Income from reversal of difference arising from capital consolidation 0 58,507
Group net loss for the year -72,717 -12,403
Loss carried forward from prior year -20,405 -2
Withdrawal from capital reserve 7,411 0
Net accumulated loss of the Group -85,711 -12,405