Notes on the consolidated statement of income

3. SPECIAL ITEMS RELATING TO ACQUISITIONS

The consolidated statement of income for the year 2008 includes special items relating to the acquisition of APP. The table below reconciles adjusted EBIT and adjusted net income to earnings according to US GAAP.

Acquired in-process R & D activities have to be fully depreciated at the closing under US GAAP accounting principles valid at balance sheet date.

The inventory step-up reflects the excess of fair value over book value of acquired semi-finished and finished products. The amount is realized in line with the sale of the respective products.

in million €	EBIT	Other financial result	Net income
Earnings, adjusted	1,727		450
Purchase accounting adjustments
In-process R & D	-272		-272
Inventory step-up	-35		-22
Foreign exchange gain	57		41
Other financial result
MEB    (mark-to-market		28	20
CVR    (mark-to-market)		75	75
One-time financing expenses		-35	-22
Earnings according to US GAAP	1,477	68	270