Consolidated statement of shareholders’ equity

		Ordinary shares		Preference shares		Subscribed Capital		Reserves		Other comprehensive income (loss)
	Note	Number of shares in thousand	Amount in thousand €	Number of shares in thousand	Amount in thousand €	Amount in thousand €	Amount in million €	Capital reserve in million €	Other re- serves in million €	Foreign currrency translation in million €	Cash flow hedges in million €	Pensions in million €	Total in million €
As of December 31, 2006		77,177	77,177	77,177	77,177	154,354	154	1,702	1,315	34	30	-67	3,168
Proceeds from the exercise of stock options	34	405	405	405	405	810	1	20					21
Compensation expense related to stock options	34							17					17
Dividends paid	27								-89				-89
Comprehensive income (loss)
Net income									410				410
Other comprehensive    income (loss) related to
Cash flow hedges	28, 30										-39		-39
Foreign currency       translation	28									-120			-120
Adjustments relating to       pension obligation	24, 28											47	47
Comprehensive income (loss)									410	-120	-39	47	298
As of December 31, 2007		77,582	77,582	77,582	77,582	155,164	155	1,739	1,636	-86	-9	-20	3,415
Issuance of bearer ordinary and bearer preference shares	27	2,748	2,748	2,748	2,748	5,496	5	278					283
Proceeds from the exercise of stock options	34	242	242	242	242	484	1	12					13
Compensation expense related to stock options	34							19					19
Dividends paid	27								-103				-103
Comprehensive income (loss)
Net income									270				270
Other comprehensive    income (loss) related to
Cash flow hedges	28, 30										-95		-95
Foreign currency       translation	28									111			111
Adjustments relating to       pension obligation	24, 28											-3	-3
Comprehensive income (loss)									270	111	-95	-3	283
As of December 31, 2008		80,572	80,572	80,572	80,572	161,144	161	2,048	1,803	25	-104	-23	3,910

The following Notes are an integral part of the Consolidated Financial Statements.