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Segment reporting

Annual Report 2007:
Selected indicators for the “Postbank at equity” scenario

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Indicators for the “Postbank at equity” scenario

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Higher financial liabilities and lower holdings of cash and cash equivalents resulted in an increase in net debt from €2,858 million to €3,931 million as at the balance sheet date. Financial liabilities to Williams Lea minority shareholders are not included in calculating this indicator. Net gearing rose to 28.3%. The equity ratio declined to 28.7%.

Selected indicators for net assets (Postbank at equity)
		31 Dec. 2007	30 June 2008
Equity ratio	%	31.4	28.7
Net debt	€m	2,858	3,931
Net gearing	%	20.3	28.3