Consolidated Balance Sheet as of December 31, 2006

      2006 2005  
  Notes   (in TEUR) (in TEUR)  
Assets
    Intangible assets 1. 50,990 8,745
    Goodwill 1. 207,392 120,683
    Property, plant and equipment 1. 237,089 140,538
    Shares in associated companies 1. 6,222 2,319
    Investments 32,738 13,828
Other non-current receivables and assets 2./7. 6,132 5,976
Deferred tax assets 18. 58,969 21,845
    Non-current assets     599,532 313,934  
 
    Inventories 3. 213,728 198,788
    Advance payments made 4. 35,710 21,265
    Trade accounts receivable 5. 347,368 236,518
    Cost and earnings of projects under 
construction in excess of billings 6. 346,777 80,532
    Other current receivables 7. 108,699 40,834
    Prepayments and deferred charges 10,594 5,378
    Marketable securities 39,592 75,257
    Cash and cash equivalents 670,591 418,785
    Current assets     1,773,059 1,077,357  
    Total assets     2,372,591 1,391,291  
Shareholders' equity and liabilities
    Share capital 94,510 94,510
    Capital reserves 45,966 45,966
    Retained earnings 8. 262,352 179,941
    Equity attributable to shareholders of the parent     402,828 320,417  
    Minority interests 11,712 8,335
           
    Total shareholders' equity 414,540 328,752
    Bonds 11. 296,358 100,000
    Bank loans and other financial liabilities - non-current 11. 21,826 6,200
    Provisions - non-current 9./10./11. 182,002 92,105
    Obligation under finance leases - non-current 11. 778 198
    Other liabilities - non-current 11./12. 8,144 0
    Liabilities for deferred taxes 18. 80,093 45,036
    Non-current liabilities     589,201 243,539  
    Bank loans - current 24,900 3,361
    Obligations under finance leases - current 599 384
    Trade accounts payable 340,682 151,398
    Billings in excess of cost and earnings 
of projects under construction 6. 391,934 250,609
    Advance payments received 70,730 103,827
    Provisions - current 9. 204,106 97,773
    Liabilities for current taxes 22,605 20,643
    Other current liabilities 12. 313,294 191,005
    Current liabilities     1,368,850 819,000  
    Total Shareholders' equity and liabilities     2,372,591 1,391,291  

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The following notes to the consolidated financial statements form an integral part of this consolidated balance sheet.