| |
CONSOLIDATED BALANCE SHEETS
as of December 31,
|
Assets
 |
|
|
|
|
|
|
|
|
|
|
(in thousands except for exchange rate data) |
|
Note |
|
20032) |
|
2003 |
|
2002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US$ |
|
€ |
|
€ |
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
530,757 |
|
421,336 |
|
440,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and equipment |
|
|
|
1,284,462 |
|
1,019,657 |
|
1,034,217 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets |
|
|
|
211,614 |
|
167,988 |
|
157,366 |
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
2,026,833 |
|
1,608,981 |
|
1,632,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventories |
|
|
|
13,069 |
|
10,375 |
|
10,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, net |
|
|
|
2,230,570 |
|
1,770,715 |
|
1,967,107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other assets |
|
|
|
637,271 |
|
505,891 |
|
268,832 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable and other assets |
|
|
|
2,867,841 |
|
2,276,606 |
|
2,235,939 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketable securities |
|
|
|
1,703 |
|
1,352 |
|
1,349 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liquid assets |
|
|
|
2,640,276 |
|
2,095,956 |
|
1,237,897 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-fixed assets |
|
|
|
5,522,889 |
|
4,384,289 |
|
3,485,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred taxes |
|
(11) |
|
333,132 |
|
264,453 |
|
402,290 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Prepaid expenses and deferred charges |
|
|
|
85,838 |
|
68,142 |
|
87,911 |
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
Total assets |
|
|
|
7,968,692 |
|
6,325,865 |
|
5,608,463 |
|
|
|
|
|
|
|
|
|
|
|
|
|
thereof total current assets |
|
|
|
5,379,548 |
|
4,270,499 |
|
3,511,992 |
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders' Equity and Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands except for exchange rate data) |
|
Note |
|
20032) |
|
2003 |
|
2002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
US$ |
|
€ |
|
€ |
|
|
|
|
|
|
|
|
|
|
|
|
|
Subscribed capital 1) |
|
|
|
397,327 |
|
315,414 |
|
314,963 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Treasury stock |
|
|
|
- 581,516 |
|
– 461,631 |
|
– 373,477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional paid-in capital |
|
|
|
373,570 |
|
296,555 |
|
185,180 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained earnings |
|
|
|
4,737,840 |
|
3,761,086 |
|
2,871,106 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive loss |
|
|
|
- 254,433 |
|
– 201,979 |
|
– 125,681 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders’ equity |
|
|
|
4,672,788 |
|
3,709,445 |
|
2,872,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Minority interests |
|
|
|
73,948 |
|
58,703 |
|
56,179 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pension liabilities and similar obligations |
|
|
|
122,865 |
|
97,535 |
|
83,573 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other reserves and accrued liabilities |
|
|
|
1,850,568 |
|
1,469,055 |
|
1,476,733 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserves and accrued liabilities |
|
|
|
1,973,433 |
|
1,566,590 |
|
1,560,306 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds |
|
|
|
12,703 |
|
10,084 |
|
9,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities |
|
|
|
851,739 |
|
676,144 |
|
748,762 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities |
|
|
|
864,442 |
|
686,228 |
|
758,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred income |
|
|
|
384,081 |
|
304,899 |
|
361,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total shareholders’ equity and liabilities |
|
|
|
7,968,692 |
|
6,325,865 |
|
5,608,463 |
|
|
|
|
|
|
|
|
|
|
|
|
|
thereof current liabilities |
|
|
|
2,836,031 |
|
2,251,354 |
|
2,405,351 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) Contingent capital €55,837 thousand (2002: €56,288 thousand)
2) The 2003 figures have been translated solely for the convenience of the reader at an exchange rate
of €1.00 to US$1.2597 the Noon Buying Rate certified by the Federal Reserve Bank of New York
on December 31, 2003.
See Notes to Consolidated Financial Statements. | |
|
