12.11

TPG N.V. corporate balance sheets

TPG N.V. corporate balance sheets

Before proposed appropriation of net income

	Year ended at 31 December
	2004	% VARIANCE	2003
Assets
O 30 Fixed assets
Investments in group companies	3,612		3,405
Investments in affiliated companies	32		25
Other loans receivable
Prepayments and acrued income	3		7
Total fixed assets	3,647	6.1	3,437
Current assets
Accounts receivable from group companies	228		680
Other accounts receivable	18		11
Prepayments and accrued income	1		1
Cash	5		3
Total current assets	252	(63.7)	695
Total assets	3,899	(5.6)	4,132
Liabilities and group equity
O 31 Shareholders’ equity
O 32 Issued share capital	230		230
O 33 Additional paidin capital	1,421		1,421
O 34 Cumulative translation reserve	(168)		(130)
O 35 Other reserves	1,164		1,233
O 36 Unappropriated net income	572		215
Capital and reserves	3,219		2,969
O 37 Minimum pension liabilities	(454)
	2,765	(6.9)	2,969
Provisions
Other			10
Total provisions		(100.0)	10
Long-term liabilities
O 11 Bond	1,000		1,000
Other long-term liabilities	129		129
	1,129	-	1,129
Current liabilities
Other current liabilities			19
Accrued liabilities	5		5
Total current liabilities	5	(79.2)	24
Total liabilities and group equity	3,899	(5.6)	4,132
(in € millions, except percentage) The figures # O in the line items of these financial statements refer to the notes to the financial statements. The accompanying notes form an integral part of the financial statements.