The cashflow statement was prepared in accordance with the indirect method.

The financial resources in the statements consist of cash and cash equivalents, with the exception of deposits with a term of over three months. Cashflows in foreign currencies have been converted at the exchange rates at the end of each month.

Receipts and disbursements resulting from interest, received dividends & rent and corporate income tax are included under the cashflow from operational activities. The historical cost of an acquired group company is included under cashflow from investment activities, insofar as payment took place in cash. The financial resources present in the acquired group company are deducted from the historical cost.