iesy Repository GmbH - Irish Stock Exchange

SELECTED FINANCIAL AND OPERATING INFORMATION OF IESY
The tables below present the consolidated income statement, balance sheet and other financial and operational data of
iesy Repository as of and for the three months ended March 31, 2004 and 2005 and as of and for the years ended December
31, 2003 and 2004, on the basis of German GAAP. Although cash flow statements are not required under German GAAP,
iesy has prepared, and the tables also present, iesy’s consolidated cash flow statement data for the years ended December 31,
2003 and 2004.
The consolidated income statement, consolidated cash flow statement and consolidated balance sheet of iesy
Repository for March 31, 2004 and 2005 and for December 31, 2003 and 2004 are derived from iesy’s unaudited
consolidated financial information and its audited consolidated financial statements included elsewhere in this Prospectus.
Certain subscriber and other operating data have been included in the tables below. The installation of a new
information technology system and changes to iesy’s financial accounting system during the course of 2002 revealed
inconsistencies in iesy’s subscriber data necessitating data cleansing and subscriber data corrections throughout 2003, which
may affect the accuracy of subscriber and other operating data for this period. You should not place undue reliance on this
operating data, which may not be indicative of our future results of operations. See “Risk Factors—Risks Relating to Our
Business—Certain of iesy’s financial information may not be representative of its actual results and its subscriber and
operating data may not be accurate. It has not provided any discussion or analysis of the iesy Predecessor’s financial results
or condition.”
German GAAP differs in certain significant respects from U.S. GAAP and IFRS. See “Annex A: Summary of Certain
Significant Differences Between German GAAP and U.S. GAAP” and “Annex B: Summary of Certain Significant
Differences Between German GAAP and IFRS” for a discussion of certain significant differences between German GAAP
and U.S. GAAP and IFRS. The information below should be read together with iesy’s financial statements and the notes to
those statements included in the Prospectus, “Operating and Financial Review and Prospects of iesy” and “Capitalization.”
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