iesy Repository GmbH - Irish Stock Exchange

Cost of materials
COURTESY TRANSLATION FROM THE GERMAN LANGUAGE
KABELNETZ NRW HoldCo GmbH, COLOGNE
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE MONTHS ENDED MARCH 31, 2005—(CONTINUED)
Regarding cost of materials (EUR 12,649k) the Group achieved cost savings through the renegotiation with MSG
regarding the takeover of expenses for the supply of the digital platform.
Personnel costs
Compared with the previous year personnel costs have decreased.
This mainly results from the lower average number of employees compared to last year’s quarter. As of March 31,
2005 the Group employed a total of 933 employees (as of December 31, 2004: 938 employees). The average number of
employees in fiscal year 2004 came to 949 employees.
Other Operating Expenses
Other operating expenses mainly include legal and consulting costs, rental and leasing expenses, advertising expenses,
GEMA license fees and IT-expenses.
Included in other operating expenses are non periodic expenses of EUR 37k.
Interest and Similar Expenses
Interest expenses of EUR 7,170k result from the capital lease for leasehold rights for cable ducts.
Deferred Taxes
Deferred taxes were not set up because temporary valuation differences in the separate legal entity accounts, temporary
differences from the adoption of the separate legal entity accounts to the accounting principles of the group and consolidation
impacts on the financial result do not exist.
(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 6,390
2006 3,745
2007 1,838
2008 1,264
2009 1,258
2010 and thereafter 2,213
387
16,708