iesy Repository GmbH - Irish Stock Exchange

COURTESY TRANSLATION FROM THE GERMAN LANGUAGE
KABELNETZ NRW HoldCo GmbH, Cologne
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR FINANCIAL YEAR 2004—(CONTINUED)
Revenue from the Release of a Credit Difference Arising on Capital Consolidation
The difference arising on the first-time consolidation of ish KG was released in full in fiscal year 2003 (EUR 58,507k)
as the loss situation which was anticipated at the time of acquisition occurred in fiscal year 2003.
(5) Other Notes
1. Other Financial Obligations
The Group has the following financial obligations over the remaining terms of the underlying agreements.
Rent and lease expense for equipment, spaces and apartments:
Year EUR k
2005 8,808
2006 3,746
2007 1,839
2008 1,264
2009 1,258
2010 and thereafter 2,206
372
19,121
The agreements with DTAG and KDG-Group include the rental and lease of furniture and fixtures, space and services:
Year EUR k
2005 27,824
2006 26,378
2007 26,378
2008 13,840
2009 13,840
2010 and thereafter 43,240
2. Number of Employees
151,500
As of December 31, 2004 the Group employed a total of 938 employees. The average number of employees in fiscal
year 2004 came to 949 (prior year: 1,145).
3. Management
The general managers of the Group in the fiscal year were:
• James Bonsall, Consultant (Managing Director of AlixPartners LLC), Ct. Bloomfield/USA, since Dezember 8,
2004;
• Heinz Benesch, Lawyer, Cologne, since Dezember 8, 2004;