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Consolidated Financial Statements

Group’s net assets, financial position and results of operations robust thanks to solid capital structure.

Total assets down considerably by € 9.5 billion to € 91.5 billion due to drop in residential property values.

Earnings per share down to € -7.80, the deciding factor in this trend being the non-cash earnings contribution made by the valuation of investment properties in the amount of € -10.7 billion.