Componenta Corporation

Financial Statements

1 January – 31 December 2007

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëO

COMPONENTA

2007 in brief

● kÉí=ë~äÉë=ÖêÉï=TRKPB=íç=jbro=SPQKT=Ejbro=PSOKNFK

● léÉê~íáåÖ=éêçÑáí=ÉñÅäìÇáåÖ=çåÉJíáãÉ=áíÉãë=ï~ë=jbro=PUKO=Ejbro=NQKVFK

● oÉëìäí ~ÑíÉê=Ñáå~åÅá~ä=áíÉãë=ÉñÅäìÇáåÖ=çåÉJíáãÉ=áíÉãë=ï~ë=jbro=NQKV=Ejbro=RKMFK

● qÜÉ=dêçìéÛë=åÉí=Ñáå~åÅá~ä=Åçëíë=êçëÉ=ëáÖåáÑáÅ~åíäó=ÇìÉ=íç=íÜÉ=~Åèìáëáíáçå=çÑ=a∏âí~ëI=íÜÉ=ëíêÉåÖíÜÉåáåÖ=çÑ=íÜÉ=qìêâáëÜ=äáê~I=~åÇ=êáëáåÖ=áåíÉêÉëí ê~íÉëK

● qÜÉ=çéÉê~íáåÖ=êÉëìäíë=çÑ=íÜÉ=h~êââáä~=~åÇ=eÉÉêäÉå=cìê~å=ìåáíë=áå íÜÉ=cçìåÇêáÉë=Çáîáëáçå=áãéêçîÉÇ=ÅçåëáÇÉê~Ääó=ÇìêáåÖ=OMMTK

● qÜÉ=`çãéçåÉåí~=üã™ä=ã~ÅÜáåÉ=ëÜçéI=äçÅ~íÉÇ=áå=pïÉÇÉå=~åÇ=é~êí=çÑ=íÜÉ=j~ÅÜáåÉ=ëÜçéë=ÇáîáëáçåI=ï~ë=ÅçåëçäáÇ~íÉÇ=ïáíÜ=`çãéçåÉåí~=cê®ããÉëí~Ç=Äó=íÜÉ=ÉåÇ=çÑ=OMMTK

● qÜÉ=áåíÉÖê~íáçå=çÑ=íÜÉ=a∏âí~ë=Çáîáëáçå=éêçÖêÉëëÉÇ=~ÅÅçêÇáåÖ=íç=éä~åK=pçãÉ=çÑ=íÜÉ=ëóåÉêÖó=ÄÉåÉÑáíë=ïÉêÉ=çÄí~áåÉÇ=áå=OMMTK=eçïÉîÉêI=íÜÉ=ëíêÉåÖíÜÉåáåÖ=çÑ=íÜÉ=qìêâáëÜ=äáê~=~åÇ=äçïÉê=ë~äÉë=çÑ=~äìãáåáìã=ïÜÉÉäë=êÉÇìÅÉÇ=íÜÉ=áãé~Åí=çÑ=íÜÉ=ëóåÉêÖáÉë=áå=OMMTK

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëP

COMPONENTA

Group quarterly net sales 2004 - 2007

0

20

40

60

80

100

120

140

160

180

Q1/04 Q2/04 Q3/04 Q4/04 Q1/05 Q2/05 Q3/05 Q4/05 Q1/06 Q2/06 Q3/06 Q4/06 Q1/07 Q2/07 Q3/07 Q4/07

jbro

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëQ

COMPONENTA

Income statement 2007

OMMSOMMT

jbro

MKPSNKVTb~êåáåÖë=éÉê=ëÜ~êÉ=bro

MKQMNKMNb~êåáåÖë=éÉê=ëÜ~êÉ=bro=EÉñÅäìÇáåÖ=çåÉJíáãÉ=áíÉãëF

PKRONKSkÉí=êÉëìäí

QKSOOKToÉëìäí=~ÑíÉê=Ñáå~åÅá~ä=áíÉãë

JMKPTKUlåÉJíáãÉ=áíÉãë

RKMNQKVoÉëìäí=~ÑíÉê=Ñáå~åÅá~ä=áíÉãë=EÉñÅäìÇáåÖ çåÉJíáãÉ=áíÉãëF

JVKVJOPKOcáå~åÅá~ä=áåÅçãÉ=~åÇ=ÉñéÉåëÉë

NQKVPUKOléÉê~íáåÖ=éêçÑáí=ÉñÅäìÇáåÖ çåÉJíáãÉ=áíÉãë

PSOKNSPQKTkÉí=ë~äÉë

N=J NON=J NO

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëR

COMPONENTA

Income statement Q4/2007

OMMSOMMT

jbro

MKNMJMKMVb~êåáåÖë=éÉê=ëÜ~êÉ=bro

MKNMMKOSb~êåáåÖë=éÉê=ëÜ~êÉ=bro=EÉñÅäìÇáåÖ=çåÉJíáãÉ=áíÉãëF

MKTJNKMkÉí=êÉëìäí

MKVJNKNoÉëìäí=~ÑíÉê=Ñáå~åÅá~ä=áíÉãë

JMKPJQKOlåÉJíáãÉ=áíÉãë

NKOPKNoÉëìäí=~ÑíÉê=Ñáå~åÅá~ä=áíÉãë=EÉñÅäìÇáåÖ çåÉJíáãÉ=áíÉãëF

JPKMJRKTcáå~åÅá~ä=áåÅçãÉ=~åÇ=ÉñéÉåëÉë

QKOUKUléÉê~íáåÖ=éêçÑáí=ÉñÅäìÇáåÖ çåÉJíáãÉ=áíÉãë

VRKRNSOKVkÉí=ë~äÉë

nQnQ

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëS

COMPONENTA

Key Ratios 2007

NOKNOPKSfåîÉëíãÉåíë=áå=éêçÇìÅíáçå=Ñ~ÅáäáíáÉëI=jbro

OMMSOMMTjbro

RIOQURIMSQmÉêëçååÉä=~í=íÜÉ=ÉåÇ=çÑ=OMMT=EáåÅäìÇáåÖ=äÉ~ëÉÇ=éÉêëçååÉäF

VRKQNOVKMlêÇÉê=ÄççâI=jbro

NNUKUNOMKOkÉí=ÖÉ~êáåÖI=B=EmêÉÑÉêêÉÇ=Å~éáí~ä=åçíÉ=áå=ÉèìáíóF

NUSKVNUTKQkÉí=áåíÉêÉëí=ÄÉ~êáåÖ=ÇÉÄí=jbro=EmêÉÑÉêêÉÇ=Å~éáí~ä=åçíÉ=áå=ÉèìáíóF

SKTNMKToÉíìêå=çå=áåîÉëíãÉåíI=B=EÉñÅäìÇáåÖ=çåÉJíáãÉ=áíÉãëF

SKSNOKUoÉíìêå=çå=áåîÉëíãÉåíI=B

SKQNOKOoÉíìêå=çå=ÉèìáíóI=B=EÉñÅäìÇáåÖ=çåÉJíáãÉ=áíÉãëF

RKVOPKNoÉíìêå=çå=ÉèìáíóI=B

POKRPNKQbèìáíó=ê~íáç=B=EmêÉÑÉêêÉÇ=Å~éáí~ä=åçíÉ=áå=ÉèìáíóF

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëT

COMPONENTA

Cash flow 2007

OMMSOMMTjbro

NMKMNNKO`Ü~åÖÉ=áå=äáèìáÇ=~ëëÉíë

UUKNTKO`~ëÜ=Ñäçï=Ñêçã=Ñáå~åÅáåÖ=~ÅíáîáíáÉë

JNMQKOJPUKS`~ëÜ=Ñäçï=Ñêçã=áåîÉëíáåÖ=~ÅíáîáíáÉë

OSKOQOKS`~ëÜ=Ñäçï=Ñêçã=çéÉê~íáçåë

PPKTSUKR`~ëÜ=Ñäçï=Ñêçã=çéÉê~íáçåë=ÄÉÑçêÉ Ñáå~åÅáåÖ=~åÇ=áåÅçãÉ=í~ñÉë

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëU

COMPONENTA

Wvstahl Sorte 8/package scrap (EUR/ton)(Source: Wvstahl)

176.8

233.4228.9

230.1233.0

230.7

248.8

223.5

222.7

186.8

184.8

279.2

157.00

112.50

218.9

135.9

161.5

253.3

250.8247.5

109.40

212.50

131.61

217.79

200.98

238.90

103.11

112.73

60

70

80

90

100

110

120

130

140

150

160

170

180

190

200

210

220

230

240

250

260

270

280

290

300

200

12 3 4 5 6 7 8 9 1

01

11

22

00

22 3 4 5 6 7 8 9 1

01

11

22

00

32 3 4 5 6 7 8 9 1

01

11

22

00

42 3 4 5 6 7 8 9 1

01

11

22

00

52 3 4 5 6 7 8 9 1

01

11

22

00

62 3 4 5 6 7 8 9 1

01

11

22

00

72 3 4 5 6 7 8 9 1

01

11

2

eu

r /

tn

WV Stahl Sorte 8 (eur/tn)

WV Stahl Sorte 8 Yearly average

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëV

COMPONENTA

Net sales and order book 2007 vs. 2006

● dêçïíÜ=áå=åÉí=ë~äÉë=Äó=ÅìëíçãÉê=ëÉÅíçê=EÅçãé~ê~ÄäÉ=ÑáÖìêÉëFW

Ó lÑÑJêç~Ç H===S=B

Ó eÉ~îó=íêìÅâë= H=NQBÓ AìíçãçíáîÉ H===R=B

Ó aáÉëÉä=C=ïáåÇ= H=NQ=B

Ó j~ÅÜáåÉ=ÄìáäÇáåÖ= H=NN=B

● `çãéçåÉåí~Ûë=çêÇÉê=Äççâ=êçëÉ=PRB=íç=jbro=NOVKM=Ejbro=VRKQF=~í=íÜÉ=ÉåÇ=çÑ=OMMTK

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNM

COMPONENTA

Net sales quarterly

0

20

40

60

80

100

120

140

160

180

Q1/06 Q1/07 Q2/06 Q2/07 Q3/06 Q3/07 Q4/06 Q4/07

Foundries Machine Shops Döktas Other business int. and one-time items

jbro

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNN

COMPONENTA

Order book quarterly

0

20

40

60

80

100

120

140

Q1/06 Q2/06 Q3/06 Q4/06 Q1/07 Q2/07 Q3/07 Q4/07

Foundries and machine shops Döktas Other business

jbro

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNO

COMPONENTA

Operating profit and result after financial items excluding one-time items quarterly

JQ

JO

M

O

Q

S

U

NM

NO

NQ

NS

I II III IV

-4

-2

0

2

4

6

8

10

12

14

16

OMMS OMMT

OMMS=B OMMT=B

JQ

JO

M

O

Q

S

U

NM

NO

I II III IV

OMMS OMMT

léÉê~íáåÖ=éêçÑáí=ÉñÅäìÇáåÖ çåÉJíáãÉ áíÉãë

oÉëìäí ~ÑíÉê=Ñáå~åÅá~ä=áíÉãë=ÉñÅäìÇáåÖ çåÉJíáãÉ=áíÉãë

jbro jbro

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNP

COMPONENTA

Equity ratio, %

0

5

10

15

20

25

30

35

40

31.12.2006 31.12.2007

mêÉÑÉêêÉÇ=Å~éáí~ä=åçíÉ=áå=ÉèìáíómêÉÑÉêêÉÇ=Å~éáí~ä=åçíÉ=áå=ÇÉéí

B

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNQ

COMPONENTA

Personnel by country including leased personnel

cáåä~åÇ

N=NSV==N=NMN

qÜÉ=kÉíÜÉêä~åÇë

UOU==UUM qìêâÉó=GF

O=SON==O=RTU

pïÉÇÉå

SPM==RMR

GF=a∏âí~ëÛ éÉêëçååÉä=PNKNOKOMMS

PNKNOKOMMS PNKNOKOMMT

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNR

COMPONENTA

Division of sales

0

50

100

150

200

250

300

Foundries Machine

shops

Döktas* Other

business

1-12 2006 1-12 2007

p~äÉë=Äó=ÄìëáåÉëë=Çáîáëáçå=ÉñÅäìÇáåÖ áåíÉêå~ä=~åÇ=çåÉJíáãÉ=áíÉãë

jbro

p~äÉë=Äó=ã~êâÉí=~êÉ~=OMMT

GF=a∏âí~ëÛ óÉ~ê=OMMS=ÑáÖìêÉë=~êÉ=åçí=áåÅäìÇÉÇ=áå=dêçìé=ÑáÖìêÉë

pïÉÇÉå=NTB

rh=NRB

dÉêã~åó=NPB

qìêâÉó=NPB

_ÉåÉäìñ=VB

cê~åÅÉ=SB

fí~äó=RB

rpA=OB

líÜÉê=ÅçìåíêáÉë=VB

cáåä~åÇ=NNB

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNS

COMPONENTA

eÉ~îó=íêìÅâë

OT=B=EOR=BF

lÑÑJêç~Ç

PS=B=EPT=BF

aáÉëÉä=C=táåÇ

U=B=EU=BF

j~ÅÜáåÉ=ÄìáäÇáåÖ

NN=B=ENN=BF

AìíçãçíáîÉ

NT=B=ENU=BF

Comparable sales to customer industries 2007

kçíÉW=líÜÉê=ë~äÉë=N=B=EN=BF

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNT

COMPONENTA

0

10

20

30

40

50

60

70

Q1 Q2 Q3 Q4

MEUR

2006

2007

Comparable sales to off-road industry quarterly

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNU

COMPONENTA

0

10

20

30

40

50

Q1 Q2 Q3 Q4

MEUR

2006

2007

Comparable sales to heavy trucks industry quarterly

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëNV

COMPONENTA

0

5

10

15

20

25

30

Q1 Q2 Q3 Q4

MEUR

2006

2007

Comparable sales to automotive industry quarterly

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëOM

COMPONENTA

0

2

4

6

8

10

12

14

16

Q1 Q2 Q3 Q4

MEUR

2006

2007

Comparable sales to diesel &wind industry quarterly

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëON

COMPONENTA

0

5

10

15

20

25

Q1 Q2 Q3 Q4

MEUR

2006

2007

Comparable sales to machine building industry quarterly

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëOO

COMPONENTA

léÉê~íáåÖ=éêçÑáíÉñÅäìÇáåÖ=çåÉJíáãÉ áíÉãë

kÉí=ë~äÉë

Foundries division

M

NM

OM

PM

QM

RM

SM

TM

f ff fff fs

OMMS OMMT-3

-2

-1

0

1

2

3

4

5

6

7

I II III IV

-6

-4

-2

0

2

4

6

8

10

12

14

2006 2007

2006 % 2007 %

jbro

jbro

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëOP

COMPONENTA

Performance of Foundries division in 2007

● qÜÉ=Çáîáëáçå=Åçåí~áåë=íÜÉ=dêçìéÛë=ÑçìåÇêáÉë=áå=cáåä~åÇ=áå=h~êââáä~I=mçêáI=máÉí~êë~~êá=~åÇ=fáë~äãáI=~åÇ=áå=íÜÉ=kÉíÜÉêä~åÇë=áå=tÉÉêí=~åÇ=eÉÉêäÉåK

● kÉí=ë~äÉë=áå=OMMT=ïÉêÉ=jbro=OQNKT=Ejbro=OOQKRF=~åÇ=çéÉê~íáåÖ=éêçÑáí=jbro=NSKT=çê=SKVB=çÑ=åÉí=ë~äÉë=Ejbro=SKSX=OKVBFK

● kÉí=ë~äÉë=áå=íÜÉ=Ñáå~ä=èì~êíÉê=çÑ=íÜÉ=óÉ~ê=ïÉêÉ=jbro=SQKO=Ejbro=RSKUF=~åÇ=çéÉê~íáåÖ=éêçÑáí=jbro=QKT=çê=TKPB=çÑ=åÉí=ë~äÉë=Ejbro=NKSX=OKUBF

● qÜÉ=çéÉê~íáåÖ=êÉëìäíë=çÑ=íÜÉ=h~êââáä~=~åÇ=eÉÉêäÉå=cìê~å=ÑçìåÇêáÉë=áãéêçîÉÇ=ëáÖåáÑáÅ~åíäó=ÇìêáåÖ=íÜÉ=óÉ~êK

● qÜÉ=ÇáîáëáçåÛë=çéÉê~íáåÖ=éêçÑáí=áãéêçîÉÇ=Ñêçã=íÜÉ=éêÉîáçìë=óÉ~ê=ã~áåäó=~ë=~=êÉëìäí=çÑ=ÜáÖÜÉê=îçäìãÉë=~åÇ=ÉåÜ~åÅÉÇ=ÉÑÑáÅáÉåÅó=áå=çéÉê~íáçåëK

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëOQ

COMPONENTA

léÉê~íáåÖ=éêçÑáí=ÉñÅäìÇáåÖ çåÉJíáãÉ áíÉãë

kÉí=ë~äÉë=

Machine shops division

MIM

MIR

NIM

NIR

OIM

f ff fff fs

M

N

O

P

Q

R

S

T

U

OMMS OMMTOMMS=B OMMT=B

jbrojbro

M

R

NM

NR

OM

OR

PM

PR

QM

QR

f ff fff fs

OMMS OMMT

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëOR

COMPONENTA

Performance of Machine shops division in 2007

● qÜÉ=Çáîáëáçå=Åçåí~áåë=íÜÉ=cê®ããÉëí~Ç=ã~ÅÜáåÉ=ëÜçé=áå=pïÉÇÉåI=íÜÉ=ã~ÅÜáåÉ=ëÜçéë=áå=iÉãé®®ä® ~åÇ=máÉí~êë~~êá=áå=cáåä~åÇI=~åÇ=íÜÉ=ã~ÅÜáåÉ=ëÜçé=çéÉê~íáçåë=áå=tÉÉêí=áå=íÜÉ=kÉíÜÉêä~åÇë

● kÉí=ë~äÉë=áå=OMMT=ïÉêÉ=jbro=NRUKS=Ejbro=NPTKVF=~åÇ=çéÉê~íáåÖ=éêçÑáí=jbro=RKM=çê=PKOB=çÑ=åÉí=ë~äÉë=Ejbro=RKUX=QKOBFK

● kÉí=ë~äÉë=áå=íÜÉ=Ñáå~ä=èì~êíÉê=çÑ=íÜÉ=óÉ~ê=ïÉêÉ=jbro=QNKT=Ejbro=PSKTF=~åÇ=çéÉê~íáåÖ=éêçÑáí=jbro=NKN=çê=OKSB=çÑ=åÉí=ë~äÉë=Ejbro=NKUX=QKVBFK

● `çãéçåÉåí~=ÅçåëçäáÇ~íÉÇ=íÜÉ=çéÉê~íáçåë=çÑ=íÜÉ=`çãéçåÉåí~=üã™ä=ã~ÅÜáåÉ=ëÜçé=ïáíÜ=`çãéçåÉåí~=cê®ããÉëí~Ç=áå=pïÉÇÉå=ÇìêáåÖ=OMMTKÓ låÉJíáãÉ=Åçëíë=çÑ=jbro=SKN=ïÉêÉ=êÉÅçêÇÉÇ=Ñçê=íÜÉ=éêçàÉÅíK

Ó `çåëçäáÇ~íáåÖ=çéÉê~íáçåë=áë=ÉñéÉÅíÉÇ=íç=áãéêçîÉ=íÜÉ=ÅçãÄáåÉÇ=êÉëìäí=çÑ=íÜÉ=ìåáíë=Äó=~Äçìí=jbro=O=~=óÉ~ê=~ë=Ñêçã=OMMUK

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëOS

COMPONENTA

M

NM

OM

PM

QM

RM

SM

TM

f ff fff fs

OMMSG OMMT

léÉê~íáåÖ=éêçÑáí=ÉñÅäìÇáåÖ çåÉJíáãÉ áíÉãë

kÉí=ë~äÉë

Döktas division

jbro jbro

M

O

Q

S

U

NM

f ff fff fs

M

P

S

V

NO

NR

OMMSG OMMTOMMS=B OMMT=B

GF=få=óÉ~ê=OMMS=a∏âí~ë=ÇáÇ=åçí=ÄÉäçåÖ=íç=`çãéçåÉåí~=dêçìéK

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëOT

COMPONENTA

Performance of Döktas division in 2007

● qÜÉ=a∏âí~ë=Çáîáëáçå=ÅçãéêáëÉë=íÜÉ=áêçå=ÑçìåÇêó=~åÇ=ã~ÅÜáåÉ=ëÜçé=áå=lêÜ~åÖ~òá=~åÇ=íÜÉ=~äìãáåáìã=ÑçìåÇêó=~åÇ=ã~ÅÜáåÉ=ëÜçé=áå=j~åáë~K=qÜÉ=Ñáå~åÅá~ä=ÑáÖìêÉë=éêÉëÉåíÉÇ=áå=é~êÉåíÜÉëáë=~êÉ=íÜÉ=OMMS=ÑáÖìêÉë=ïÜÉå=a∏âí~ë=ÇáÇ=åçí=ÄÉäçåÖ=íç=`çãéçåÉåí~=dêçìéK=

● kÉí=ë~äÉë=áå=OMMT=ïÉêÉ=jbro=OPOKR=EONUKO=jbroF=~åÇ=çéÉê~íáåÖ=éêçÑáí=jbro=NQKQI=ïÜáÅÜ=áë=SKOB=çÑ=åÉí=ë~äÉë=EOQKO=jbroX=NNKN=BFK

● kÉí=ë~äÉë=áå=íÜÉ=Ñáå~ä=èì~êíÉê=çÑ=íÜÉ=óÉ~ê=ïÉêÉ=jbro=RRKT=ERTKN=jbroF=~åÇ=çéÉê~íáåÖ=éêçÑáí=jbro=OKPI=çê=QKNB=çÑ=åÉí=ë~äÉë=ESKP=jbroX=NNKM=BFK

● qÜÉ=çéÉê~íáåÖ=êÉëìäí=ÇìêáåÖ=íÜÉ=óÉ~ê=ï~ë=ïÉ~âÉåÉÇ=Äó=äçïÉê=ë~äÉë çÑ=~äìãáåáìã=ïÜÉÉäëI=íÜÉ=ëíêÉåÖíÜÉåáåÖ=çÑ=íÜÉ=qìêâáëÜ=äáê~I=~åÇ=êáëáåÖ=ã~íÉêá~ä=éêáÅÉëK

● qÜÉ=ìåáí=áå=lêÜ~åÖ~òá=Ü~Ç=åÉí=ë~äÉë=áå=OMMT=çÑ=jbro=NRSKQ=~åÇ=çéÉê~íáåÖ=éêçÑáí=çÑ=jbro=NMKUI=çê=SKVB=çÑ=åÉí=ë~äÉëK

● qÜÉ=ìåáí=áå=j~åáë~=Ü~Ç=åÉí=ë~äÉë=áå=OMMT=çÑ=jbro=TSKN=~åÇ=çéÉê~íáåÖ=éêçÑáí=çÑ=jbro=PKSI=çê=QKTB=çÑ=åÉí=ë~äÉëK

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëOU

COMPONENTA

Other business

JMIR

MIM

MIR

NIM

NIR

OIM

f ff fff fs

OMMS

OMMT

jbro=

léÉê~íáåÖ=éêçÑáí=ÉñÅäìÇáåÖ=áåíÉêå~ä=áíÉãë=~åÇ=ÉñÅäìÇáåÖ çåÉJíáãÉ=áíÉãë

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëOV

COMPONENTA

Performance of Other business in 2007

● líÜÉê=ÄìëáåÉëë=ÅçãéêáëÉë=íÜÉ=ëÉêîáÅÉ=Åçãé~åáÉëI=íÜÉ=`çãéçåÉåí~=táêëÄç=ÑçêÖÉëI=íÜÉ=`çãéçåÉåí~=rh=ë~äÉë=~åÇ=äçÖáëíáÅë=Åçãé~åóI=`çãéçåÉåí~=máëíçåëI=íÜÉ=ÄìëáåÉëë=çÑ=`çãéçåÉåí~=AäÄáå=íÜ~í=Ü~ë=ÄÉÉå=ÇáîÉëíÉÇI=íÜÉ=dêçìéÛë=ëÜ~êÉ=çÑ=íÜÉ=ÑáÖìêÉë=Ñçê=ÇáîÉëíÉÇ=~ëëçÅá~íÉÇ=Åçãé~åó=räÉÑçë=ksI=êÉ~ä=Éëí~íÉ=Åçãé~åáÉë=~åÇ=íÜÉ=dêçìéÛë=~Çãáåáëíê~íáîÉ=ÑìåÅíáçåëK

● líÜÉê=ÄìëáåÉëë Ü~Ç=~å=çéÉê~íáåÖ=éêçÑáí=áå=OMMT=ÉñÅäìÇáåÖ=çåÉJíáãÉ=áíÉãë=çÑ=jbro=OKQ Ejbro=OKTFK

● líÜÉê=ÄìëáåÉëë Ü~Ç=~å=çéÉê~íáåÖ=éêçÑáí=áå=íÜÉ=Ñáå~ä=èì~êíÉê=çÑ=íÜÉ=óÉ~ê=çÑ=jbro=MKM=Ejbro=MKUFK

● kÉí=ë~äÉë=çÑ=íÜÉ=`çãéçåÉåí~=táêëÄç=ÑçêÖÉë=áåÅêÉ~ëÉÇ=~åÇ=çéÉê~íáåÖ=éêçÑáí=áãéêçîÉÇ=Ñêçã=íÜÉ=éêÉîáçìë=óÉ~êK

● kÉí=ë~äÉë=çÑ=ë~äÉë=~åÇ=äçÖáëíáÅë=Åçãé~åó=`çãéçåÉåí~=rh=~äëç=áåÅêÉ~ëÉÇ=~åÇ=íÜÉ=çéÉê~íáåÖ=éêçÑáí=áãéêçîÉÇ=Ñêçã=íÜÉ=éêÉîáçìë=óÉ~êK

PMKNKOMMU`~ëíáåÖ=cìíìêÉ=pçäìíáçåëPM

COMPONENTA

Prospects for 2008

● `çãéçåÉåí~Ûë=éêçëéÉÅíë=áå=OMMU=~êÉ=Ä~ëÉÇ=çå=ÖÉåÉê~ä=ÉñíÉêå~ä=Ñáå~åÅá~ä=áåÇáÅ~íçêëI=çêÇÉê=ÑçêÉÅ~ëíë=ÖáîÉå=Äó=ÅìëíçãÉêëI=~åÇ=çå=`çãéçåÉåí~Ûë=çêÇÉê=áåí~âÉ=~åÇ=çêÇÉê=ÄççâK

● qÜÉ=ÇÉã~åÇ=çìíäççâ=áå=íÜÉ=dêçìéÛë=ÅìëíçãÉê=ëÉÅíçêë=áë=ÖççÇ=~í=íÜÉ=ëí~êí=çÑ=OMMUK=`çãéçåÉåí~Ûë=çêÇÉê=Äççâ=~í=íÜÉ=ÉåÇ=çÑ=OMMT=ï~ë=PRB=ÜáÖÜÉê=íÜ~å=~í=íÜÉ=ë~ãÉ=íáãÉ=áå=íÜÉ=éêÉîáçìë=óÉ~êI=ïÜáÅÜ=áë=Éèìáî~äÉåí=íç=~äãçëí=Ñìää=éêçÇìÅíáçå=Å~é~ÅáíóK=däçÄ~ä=ìåÅÉêí~áåíó=áå=íÜÉ=Ñáå~åÅá~ä=ã~êâÉí=~åÇ=ìåÑ~îçìê~ÄäÉ=ÇÉîÉäçéãÉåíë=áå=ÉñÅÜ~åÖÉ=ê~íÉë=ã~ó=ïÉ~âÉå=`çãéçåÉåí~Ûë=éêçëéÉÅíë=ÇìêáåÖ=OMMUK

● `çãÄáåáåÖ=íÜÉ=çéÉê~íáçåë=çÑ=`çãéçåÉåí~=~åÇ=a∏âí~ë=~åÇ=ÉåÜ~åÅáåÖ=íÜÉ=éÉêÑçêã~åÅÉ=çÑ=íÜÉ=ÄìëáåÉëë=ìåáíë=~êÉ=ÉñéÉÅíÉÇ=íç=Ü~îÉ=~=éçëáíáîÉ=áãé~Åí=çå=íÜÉ=dêçìéÛë=çéÉê~íáåÖ=éêçÑáí=áå=OMMUK

● `çãéçåÉåí~=dêçìéÛë=OMMU=åÉí=ë~äÉë=~êÉ=ÉñéÉÅíÉÇ=íç=áåÅêÉ~ëÉ=~åÇ=íÜÉ=êÉëìäí=~ÑíÉê=Ñáå~åÅá~ä=áíÉãëI=ÉñÅäìÇáåÖ=çåÉJíáãÉ=áíÉãëI=áë=ÉñéÉÅíÉÇ=íç=áãéêçîÉ=çå=íÜÉ=ÑáÖìêÉë=Ñçê=OMMTK