ThyssenKrupp AG
Notes to the interim condensed consolidated financial statements

Corporate Information

ThyssenKrupp Aktiengesellschaft ("ThyssenKrupp AG" or "Company") is a publicly traded corporation domiciled in Germany. The interim condensed consolidated financial statements of ThyssenKrupp AG and subsidiaries, collectively the "Group", for the period from October 01, 2009 to March 31, 2010, were authorized for issue in accordance with a resolution of the Executive Board on May 07, 2010.

Basis of presentation

The accompanying Group's interim condensed consolidated financial statements have been prepared in accordance with section 37w of the German Securities Trading Act (WpHG) and International Financial Reporting Standards (IFRS) and its interpretations adopted by the International Accounting Standards Board (IASB) for interim financial information effective within the European Union. Accordingly, these financial statements do not include all of the information and footnotes required by IFRS for complete financial statements for year end reporting purposes.

The accompanying Group's interim condensed consolidated financial statements have been reviewed. In the opinion of Management, the interim financial statements include all adjustments of a normal and recurring nature considered necessary for a fair presentation of results for interim periods. Results of the period ended March 31, 2010, are not necessarily indicative for future results.

The preparation of interim financial statements in conformity with IAS 34 Interim Financial Reporting requires Management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.

The accounting principles and practices as applied in the interim condensed consolidated financial statements correspond to those pertaining to the most recent annual consolidated financial statements. A detailed description of the accounting policies is published in the notes to the consolidated financial statements of our annual report 2008/2009.

Recently adopted accounting standards

In fiscal year 2009/2010, ThyssenKrupp adopted the following standards, interpretations and amendments:

In September 2007, the IASB issued a revised version of IAS 1 "Presentation of Financial Statements" that is aimed at improving users' ability to analyse and compare the information given in financial statements. The application of the revised standard is compulsory for fiscal years beginning on or after January 01, 2009. The adoption of the standard has a material impact on the Group's consolidated financial statements.

In March 2007, the IASB issued a revised version of IAS 23 "Borrowing Costs". Accordingly, borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset should be capitalized as part of the cost of the asset. The current option of immediately recognizing borrowing costs as an expense will be removed. The application of the revised standard is compulsory for fiscal years beginning on or after January 01, 2009. The revision has no impact on the Group's consolidated financial statements because already before the amendment of the standard borrowing costs directly attributable to a qualifying asset has been capitalized as part of production costs.

In February 2008 the IASB issued amendments to "IAS 32 Financial Instruments: Presentation and IAS 1 Presentation of Financial Statements – Puttable Financial Instruments and Obligations Arising on Liquidation". The amendments mainly address the classification of particular types of financial instruments as equity or as a liability. Additional disclosures are required for the instruments affected by the amendments. The application of the amendments is compulsory for fiscal years beginning on or after January 01, 2009. Currently, Management does not expect the adoption of the amended standards to have a material impact on the Group's consolidated financial statements.

In July 2008 the IASB issued "Eligible Hedged Items – Amendment to IAS 39 Financial Instruments: Recognition and Measurement". The amendment clarifies how the existing principles underlying hedge accounting should be applied in two particular situations – the designation of inflation in a financial hedged item and the designation of a one-sided risk in a hedged item. The application of the amendment is compulsory for fiscal years beginning on or after July 01, 2009 and has to be applied retrospectively. Currently, Management does not expect the adoption of the amendment to have a material impact on the Group's consolidated financial statements.

In March 2009 the IASB issued "Embedded Derivatives" which amends IFRIC 9 "Reassessment of Embedded Derivatives" and IAS 39 "Financial Instruments". The amendments clarify the accounting treatment of embedded derivatives for entities that make use of the reclassification of financial instruments. The application of the amendments is compulsory for fiscal years beginning on or after June 30, 2009 and has to be applied retrospectively. Currently, Management does not expect the adoption of the amendments to have a material impact on the Group's consolidated financial statements.

In January 2008, the IASB also issued an amendment to IFRS 2 "Share-based Payment". The amendment clarifies that vesting conditions are service conditions and performance conditions only. It also specifies that all plan cancellations, whether by the entity or by other parties, should receive the same accounting treatment. The application of the amended standard is compulsory for fiscal years beginning on or after January 01, 2009. Currently, Management does not expect the adoption of the amended standard to have a material impact on the Group's consolidated financial statements.

In January 2008, the IASB issued the amended versions of IFRS 3 "Business Combinations" and IAS 27 "Consolidated and Separate Financial Statements". A material change of IFRS 3 concerns the accounting for acquisitions involving the purchase of less than 100% of the shares of a company. An option has been added allowing entities to recognize goodwill from an acquisition by the "full goodwill method", i.e. including the portion attributable to minority interests. Furthermore, all acquisition-related costs must be expensed as incurred. In accordance with IAS 27, acquisitions or disposals of shares without loss of control must be accounted for as equity transactions. In the context of the disposal of shares with loss of control any retained investment is recognized at fair value, with any difference to the previous carrying amount recognized in profit or loss. The amended standards must be applied to business combinations in fiscal years beginning on or after July 01, 2009. The adoption of the two amended standards has a material impact on the Group's consolidated financial statements.

In March 2009 the IASB issued an amendment to IFRS 7 "Financial Instruments: Disclosures" titled "Improving Disclosures about Financial Instruments". The amendment enhances the disclosure requirements about fair value measurements and about liquidity risk. The application of the amended standard is compulsory for fiscal years beginning on or after January 01, 2009. In the first year of application comparative disclosures are not required. The initial application at ThyssenKrupp will lead to additional disclosures in the Notes.

In July 2007, the IFRIC issued IFRIC 14 "IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction". The interpretation provides general guidance on how to assess the limit in IAS 19 "Employee Benefits" on the amount of the surplus that can be recognized as an asset. It also explains how the pensions asset or liability may be affected when there is a statutory or contractual minimum funding requirement. The interpretation will standardise practice and ensure that entities recognize an asset in relation to a surplus on a consistent basis. In the EU, the application of the interpretation is compulsory for fiscal years beginning on or after January 01, 2009. Currently, Management does not expect the adoption of the Interpretation to have a material impact on the Group's consolidated financial statements.

In May 2008 the IASB issued "Improvements to IFRSs", a first collection of minor amendments to existing IFRSs. This standard presents amendments to 20 IFRSs in two parts. The first part includes accounting changes relating to presentation, recognition or measurement. The second part includes terminology or editorial changes. Unless otherwise specified in the specific standard, the application of the amdendments is compulsory for fiscal years beginning on or after January 01, 2009. Currently, Management does not expect the adoption of the amended standards to have a material impact on the Group's consolidated financial statements.

Recently issued accounting standards

In fiscal year 2009/2010, the following standards, interpretations and amendments to already existing standards have been issued which still must be endorsed by the EU before they can be adopted:

In November 2009 the IASB issued a revised version of IAS 24 "Related Party Disclosures". The revised standard simplifies the disclosure requirements for government-related entities and clarifies the definition of a related party. The application of the amended standard is compulsory for fiscal years beginning on or after January 01, 2011, while earlier application is permitted. Currently, Management does not expect the adoption of the amended standard – if endorsed by the EU in the current version – to have a material impact on the Group's consolidated financial statements.

In November 2009 the IASB issued the new standard IFRS 9 "Financial Instruments" on the classification and measurement of financial assets. This standard is the first part of the three-part project to replace completely IAS 39 "Financial Instruments: Recognition and Measurement" which should be completed by the end of 2010. In accordance with the approach of IFRS 9 financial assets are measured at amortized cost or fair value. The classification to one of the two measurement categories is based on how an entity manages its financial instruments (so called business model) and the contractual cash flow characteristics of the financial assets. The application of the standard is compulsory for fiscal years beginning on or after January 01, 2013, while earlier application is permitted for 2009 year-end financial statements. Currently, Management is not able to finally assess the impacts of the adoption of the standard – if endorsed by the EU in the current version.

In Novermber 2009 the IASB issued an amendment to IFRIC 14, which is itself an interpretation of IAS 19 "Employee Benefits", titled "Prepayments of a Minimum Funding Requirement". The amendment applies in the limited circumstances when an entity is subject to minimum funding requirements and makes an early payment of contributions to cover those requirements. The amendment permits such an entity to treat the benefit of such an early payment as an asset. The application of the amended interpretation is compulsory for fiscal years beginning on or after January 01, 2011, while earlier application is permitted for 2009 year-end financial statements. Currently, Management does not expect the adoption of the interpretation – if endorsed by the EU in the current version – to have a material impact on the Group's consolidated financial statements.

In November 2009 the IFRIC issued IFRIC 19 "Extinguishing Financial Liabilities with Equity Instruments". The interpretation clarifies the requirements of IFRS when an entity renegotiates the terms of a financial liability with its creditor and the creditor agrees to accept the entity's shares or other equity instruments to settle the financial liability fully or partially. The application of the interpretation is compulsory for fiscal years beginning on or after July 01, 2010, while earlier application is permitted. Currently, Management does not expect the adoption of the interpretation – if endorsed by the EU in the current version – to have a material impact on the Group's consolidated financial statements.

01 Acquisitions and disposals

In the 1st half year ended March 31, 2010, the Group acquired companies that are, on an individual basis, immaterial. Based on the values as of the acquisition date, these acquisitions affected in total the Group's consolidated financial statements as presented below:

million €
	1st half ended March 31, 2010
	Carrying amounts as of acquisition date	Adjustments	Fair values as of acquisition date
Intangible assets	3	0	3
Trade accounts receivable	5	0	5
Cash and cash equivalents	3	0	3
Total assets acquired	11	0	11
Current financial debt	4	0	4
Trade accounts payable	2	0	2
Other current non-financial liabilities	2	0	2
Total liabilities assumed	8	0	8
Net assets acquired	3	0	3
Minority interest			0
Purchase prices			3
thereof: paid in cash and cash equivalents			3

In October 2009, as part of the portfolio optimization program, the Group initiated the disposal of ThyssenKrupp Industrieservice and ThyssenKrupp Safway of the Materials Services business area which was consummated end of November 2009 and mid of December 2009, respectively. ThyssenKrupp Industrieservice is a facility management service provider; its product range embraces maintenance, supply chain services, location services and technical cleaning as well as industrial assembly and installation. Safway is an American scaffolding services company. These disposals as well as other smaller disposals that are, on an individual basis, immaterial affected in total based on the values as of the disposal date the Group's consolidated financial statements as presented below:

million €
		1st half ended March 31, 2010
Goodwill		97
Other intangible assets		6
Property, plant and equipment		173
Investments accounted for using the equity method		1
Other financial assets		3
Deferred tax assets		2
Inventories		27
Trade accounts receivable		163
Other current financial assets		9
Other current non-financial assets		9
Current income tax assets		2
Cash and cash equivalents		5
Total assets disposed of		497
Accrued pension and similar obligations		12
Other non-current provisions		23
Deferred tax liabilities		27
Non-current financial debt		2
Other current provisions		20
Current income tax liablilities		3
Current financial debt		20
Trade accounts payable		13
Other current financial liabilities		142
Other current non-financial liabilities		29
Total liabilities disposed of		291
Net assets disposed of		206
Cumulative other comprehensive income		13
Non-controlling interest		2
Gain/(loss) resulting from the disposals		93
Selling prices		310
thereof: received in cash and cash equivalents		310

02 Disposal Groups

In April 2010 the disposal of parts of the Marine Systems business area has been initiated as part of the portfolio optimization program. The transaction comprises on the one hand of the disposals of the TKMS Blohm + Voss Nordseewerke GmbH in the context of the formation of a 50:50 joint venture for the design and program management of naval vessels and on the other hand of the 100% disposal of Blohm + Voss Shipyards GmbH, operating in shipbuilding in particular of premium-segment yachts, and of an 80% stake in each of Blohm + Voss Repair GmbH and Blohm + Voss Industries GmbH, both engaged in ship repairing and the manufacturing of components. Additionally, the construction capacities for civil ship construction of former HDW Gaarden will be disposed of.

The transaction does not meet the requirements of IFRS 5 for presentation as a discontinued operation. Therefore, revenues and expenses will continue to be presented as income from continuing operations until the date of disposal; this is also applicable for the impairment loss triggered by the intended disposal of €6 million on property, plant and equipment resulting from the write-down of the assets to fair value less costs to sell which is recorded in cost of sales. With regard to the amounts that will be finally deconsolidated after the consummation of the transaction, the amounts presented in the following table as of March 31, 2010, are only preliminary.

million €
		March 31, 2010
Goodwill		128
Other intangible assets		11
Property, plant and equipment, net		49
Other financial assets		7
Deferred assets		5
Inventories		56
Trade accounts receivable, net		43
Other current financial assets		14
Other current non-financial assets		187
Cash and cash equivalents		278
Assets held for sale		778
Accrued pension and similar obligations		119
Other non-current provisions		7
Deferred tax liabilities		2
Other non-current financial liabilities		4
Other current provisions		49
Current income tax liabilities		2
Current financial debt		10
Trade accounts payable		43
Other current financial liabilities		24
Other current non-financial liabilities		298
Liabilities associated with assets held for sale		558

03 Cost of sales

In the 1st half year ended March 31, 2010, included in cost of sales are write-downs of inventories of €28 million which mainly relate to the Steel Europe, Stainless Global and Components Technology business areas. As of September 30, 2009, write-downs amounted to €317 million. Furthermore, impairment losses on intangible assets, property, plant and equipment and investment property of €22 million were recognized in cost of sales with €16 million relating to the 2nd quarter ended March 31, 2010.

04 Share-based compensation

Management incentive plans

In January 2010, ThyssenKrupp granted 37,240 stock rights under the eighth installment of the mid-term incentive plan. At the same time, in the 2nd quarter ended March 31, 2010, the stock rights granted in the fifth installment of the mid-term incentive plan expired without any payment due a downward trend of ThyssenKrupp Value Added (TKVA) in the performance-period. Due to a downward trend of ThyssenKrupp Value Added (TKVA), in the 2nd quarter ended March 31, 2010, the Group recorded from the mid-term incentive plan only expenses of €0.1 million (2nd quarter ended March 31, 2009: income of €11.1 million). In the 1st half year ended March 31, 2010, the mid-term incentive plan resulted in an expense of €0.1 million (1st half year ended March 31, 2009: income of €17.7 million).

After the first tranche of the Group's Share Purchase Program of fiscal year 2007/2008 had been settled with the purchase of 350,924 ThyssenKrupp shares at a discount by the beneficiaries in December 2009, the second tranche of the Group's Share Purchase Program was settled with the purchase of 40,793 ThyssenKrupp shares at a discount in March 2010. The Group's Share Purchase Program resulted in no expense in the 2nd quarter ended March 31, 2010 (2nd quarter ended March 31, 2009: 0) and in €0.9 million in the 1st half year ended March 31, 2010 (1st half year ended March 31, 2009: €5.5 million).

05 Accrued pension and similar obligations

Based on updated interest rates and fair value of plan assets, an updated valuation of accrued pension and health care obligations was performed as of March 31, 2010, taking into account these effects while other assumptions remained unchanged.

million €
	Sept. 30, 2009	March 31, 2010
Accrued pension liability	6,068	6,290
Accrued postretirement obligations other than pensions	1,076	1,137
Other accrued pension-related obligations	393	384
Reclassification due to the presentation as liabilities associated with assets held for sale	(12)	(119)
Total	7,525	7,692

The Group applied the following weighted average assumptions to determine pension and postretirement benefit obligations other than pensions:

in %
	Sept. 30, 2009		March 31, 2010
	Germany	Outside Germany	Germany	Outside Germany
Discount rate for accrued pension liability	5.25	5.24	4.75	5.32
Discount rate for postretirement obligations other than pensions (only USA/Canada)	-	5.50	-	5.75

The net periodic pension cost for the defined benefit plans is as follows:

million €
	1st half ended March 31, 2009		1st half ended March 31, 2010		2nd quarter ended March 31, 2009		2nd quarter ended March 31, 2010
	Germany	Outside Germany	Germany	Outside Germany	Germany	Outside Germany	Germany	Outside Germany
Service cost	30	13	33	14	15	6	16	7
Interest cost	162	61	144	53	81	31	72	27
Expected return on plan assets	(6)	(52)	(6)	(50)	(3)	(26)	(3)	(25)
Curtailment and settlement gains	0	(1)	0	0	0	0	0	0
Termination benefit expense	0	8	0	0	0	8	0	0
Net periodic pension cost	186	29	171	17	93	19	85	9

The net periodic postretirement benefit cost for health care obligations is as follows:

million €
	1st half ended March 31, 2009	1st half ended March 31, 2010	2nd quarter ended March 31, 2009	2nd quarter ended March 31, 2010
	USA/Canada	USA/Canada	USA/Canada	USA/Canada
Service cost	5	3	2	2
Interest cost	34	27	17	14
Expected return on reimbursement rights	(3)	(2)	(2)	(1)
Past service cost	(25)	(16)	(1)	(2)
Curtailment and settlement gains	(20)	0	0	0
Net periodic postretirement benefit cost	(9)	12	16	13

06 Total equity

In the context of the settlement of the Group's Share Purchase Program of fiscal year 2007/2008, as of December 02, 2009, 350,924 treasury shares were sold to the beneficiaries of the first tranche and as of March 04, 2010, 40,793 treasury shares were sold to the beneficiaries of the second tranche using a price of €24.62 per share as a basis for the discounted selling price.

By the resolution of the Annual General Meeting on January 21, 2010, ThyssenKrupp AG is authorized through January 20, 2015, to purchase treasury stock for certain predefined purposes up to a total of 10% of the capital stock at the time of the resolution. Treasury stock can also be purchased by using equity derivatives (put or call options or a combination of both).

07 Contingencies including pending lawsuits and claims for damages

Guarantees

ThyssenKrupp AG and, in individual cases, its subsidiaries have issued guarantees in favor of business partners or lenders. The following table shows obligations under guarantees where the principal debtor is not a consolidated Group company:

million €
	Maximum potential amount of future payments as of March 31, 2010	Provision as of March 31, 2010
Advance payment bonds	232	1
Performance bonds	73	1
Third party credit guarantee	38	0
Residual value guarantees	45	1
Other guarantees	44	0
Total	432	3

The terms of those guarantees depend on the type of guarantee and may range from three months to ten years (e.g. rental payment guarantees).

The basis for possible payments under the guarantees is the non-performance of the primary obligor under a contractual agreement, e.g. late delivery, delivery of non-conforming goods under a contract or non-performance with respect to the warranted quality or default under a loan agreement.

All guarantees issued by or issued by instruction of ThyssenKrupp AG or subsidiaries upon request of the principal debtor are obligated by the underlying contractual relationship and are subject to recourse provisions in case of default. If such a principal debtor is a company owned fully or partially by a foreign third party, then such a third party is generally requested to provide additional collateral in a corresponding amount.

Commitments and other contingencies

Compared to September 30, 2009, in the Steel Americas and Stainless Global business areas the commitment to enter into investment projects in Brazil and North America decreased by €1.0 billion to €1.7 billion.

Pending lawsuits and claims for damages

The Group is involved in pending and threatened litigation in connection with the purchase and the sale of certain companies, which may lead to partial repayment of the purchase price or the award of damages. In addition, damage claims may be payable to contractual partners, customers, consortium partners and subcontractors under performance contracts. Some of these claims have proven unfounded, have been ended by settlement or expired under the statute of limitations. A number of legal and regulatory proceedings are still pending.

There have been no significant changes since September 30, 2009 to other contingencies, including pending litigations.

08 Derivative financial instruments

The notional amounts and fair values of the Group's derivative financial instruments are as follows:

million €
	Notional amount Sept. 30, 2009	Fair value Sept. 30, 2009	Notional amount March 31, 2010	Fair value March 31, 2010
Derivative financial instruments
Assets
Foreign currency derivatives including embedded derivatives	4,693	214	4,378	207
Interest rate derivatives*	786	37	27	4
Commodity derivatives	839	108	502	154
Total	6,318	359	4,907	365
Liabilities
Foreign currency derivatives including embedded derivatives	4,112	155	2,165	101
Interest rate derivatives*	1	0	1,626	20
Commodity derivatives	374	41	744	161
Total	4,487	196	4,535	282

* inclusive of cross currency swaps

09 Related parties transactions

ESG Legierungen GmbH is classified as a related party due to the fact that a close member of the family of an Executive Board member is a managing director. In the 1st half year ended March 31, 2010, the Group recorded sales of €0.2 million with ESG Legierungen GmbH from the sale of zinc. In the same period the Group purchased zinc alloy with a value of €4 thousand from ESG Legierungen GmbH. The transactions were carried out at market conditions and resulted in trade accounts receivable of €44 thousand as of March 31, 2010.

The Heitkamp & Thumann Group located in Düsseldorf and the Heitkamp Baugruppe located in Herne are classified as related parties due to the fact that a member of the Supervisory Board has significant influence on both Groups. In the 1st half year ended March 31, 2010, the ThyssenKrupp Group recorded sales of €8.4 million with the Heitkamp & Thumann Group from the sale of steel and stainless material as well as from industrial servicing and sales of €0.2 million with the Heitkamp Baugruppe from the sale of goods. In the same period ThyssenKrupp purchased goods with a value of €7 thousand from the Heitkamp & Thumann Group and goods with a value of €0.1 million from the Heitkamp Baugruppe. The transactions were carried out at market conditions. As of March 31, 2010, the transactions with the Heitkamp & Thumann Group resulted in trade accounts receivable of €1.7 million and no trade accounts payable, the transactions with the Heitkamp Baugruppe resulted in trade accounts receivable of €11 thousand and trade accounts payable of €29 thousand.

In the 1st half year ended March 31, 2010, a Group subsidiary recorded sales of €41 thousand resulting from a €2 million elevator modernization contract which the subsidiary received in 2006/2007 from an entity belonging to the Alfried Krupp von Bohlen and Halbach Foundation.

10 Segment reporting

Since the implementation of the new organizational structure as of October 01, 2009, the Group is organized in the following eight business areas that represent the Group's activities within materials and technologies. The business areas are in line with the internal organizational and reporting structure. Prior year figures have been adjusted accordingly.

Steel Europe: This business area brings together the premium flat carbon steel activities, from intelligent material solutions to finished parts.

Steel Americas: This business area includes the production, processing and marketing of high-quality steel products in North and South America. It also contains the steelmaking and processing plants currently under construction in Brazil and USA.

Stainless Global: This business area is a supplier of flat stainless steel products and high performance materials such as nickel alloys and titanium. The business area also includes the new stainless steel mill in USA.

Materials Services: The business area activities comprise materials distribution, logistics and services, and the provision of technical services. In addition to rolled steel, stainless steel, tubes and pipes, nonferrous metals and plastics, Materials Services also offers services from processing and logistics to warehouse and inventory management through to supply chain management. The business area offers technical and infrastructure services in the areas of railway and construction equipment, industrial plants and steel mills.

Elevator Technology: This business area is active in the construction, modernization and servicing of elevators, escalators, moving walks, stair and platform lifts as well as passenger boarding bridges. Alongside a full range of installations for the volume market, the business area also delivers customized solutions.

Plant Technology: This business area is a supplier of chemical plants, refineries, cement plants, innovative solutions for the mining and handling of raw materials and minerals, production systems and assembly lines for the automotive industry.

Components Technology: This business area offers efficient and innovative components for the automotive, construction and engineering sectors as well as for wind turbines.

Marine Systems: This business area is a supplier for naval surface vessels, submarines and premium-segment yachts. After the restructuring and the consummation of the disposals the business area will focus its activities on the construction of naval vessels.

Corporate: Corporate comprises the Group's head office including management of the business areas. It also includes the business services activities in the areas of finance, communications, IT and human resources. In addition, part of Corporate is real estate not used in operating that is managed and utilized centrally as well as inactive companies that could not be assigned to an individual business area.

Segment information for the 1st half year ended March 31, 2009 and March 31, 2010 as well as for the 2nd quarter ended March 31, 2009 and March 31, 2010 is as follows:

Table: Segment reporting

11 Earnings per share

Basic earnings per share is calculated as follows:

Table: Basic earnings per share

Relevant number of common shares for the determination of earnings per share

Earnings per share have been calculated by dividing net income/(loss) attributable to common stockholders of ThyssenKrupp AG (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Shares sold during the period and shares reacquired during the period have been weighted for the portion of the period that they were outstanding.

In fiscal year 2009/2010 the weighted average number of outstanding shares was increased by the sale of treasury shares in December 2009 and March 2010 in the context of the Group's Share Purchase Program.

There were no dilutive securities in the periods presented.

12 Additional information to the consolidated statement of cash flows

Non-cash investing activities

In the 1st half year ended March 31, 2010, the acquisition and first-time consolidation of companies created an increase in non-current assets of €3 million (1st half year ended March 31, 2009: €25 million). In the 2nd quarter ended March 31, 2010, these increases amounted to €3 million (2nd quarter ended March 31, 2009: €18 million).

The non-cash addition of assets under finance leases in the 1st half year ended March 31, 2010 amounted to €6 million (1st half year ended March 31, 2009: €7 million) and in the 2nd quarter ended March 31, 2010 to €2 million (2nd quarter ended March 31, 2009: €1 million).

Non-cash financing activities

In the 1st half year ended March 31, 2010, the acquisition and first-time consolidation of companies resulted in an increase in gross financial debt of €4 million (1st half year ended March 31, 2009: €1 million). In the 2nd quarter ended March 31, 2010, these increases amounted to €4 million (2nd quarter ended March 31, 2009: €1 million).