Report of the Supervisory Board - tuv nord italia

Balance Sheet
of TÜV NORD GmbH as at 31 December 2004
Assets 31.12.2004 31.12.2003
A. Non-current assets
44
Note € ’000 € ’000
I Intangible assets 2,319 0
II Property, plant and equipment 56,659 0
III Financial assets 2) 190,675 0
Total non-current assets 1) 249,653 0
B. Current assets
I Inventories 3) 18,818 0
II Receivables and other assets 4) 48,417 0
III Cash and cash equivalents 35,414 100
Total current assets 102,649 100
C. Prepayments and accrued income 106 0
Total assets 352,408 100
Equity and liabilites 31.12.2004 31.12.2003
A. Shareholders’ equity
Note € ’000 € ’000
I Subscribed capital 10,000 100
II Capital reserves 115,332 0
III Net earnings 11,312 0
Total shareholders’ equity 5) 136,644 100
B. Special item with a reserve component 6) 1,571 0
C. Provisions 7) 146,171 0
D. Liabilities 8) 67,678 0
E. Accruals and deferred income 344 0
Total equity and liabilities 352,408 100