The Group’s equity method investment in EUROHYPO AG is considered to be significant on an individual basis.
The following table provides a summary of EUROHYPO AG's consolidated statement of income according to German GAAP for the year ended December 31, 2002 and 2001. Financial statements are not yet publicly available for the year ended December 31, 2003. The merger took place in August 2002 but was effective January 1, 2002 for German GAAP purposes. Under German GAAP, the merger was accounted for similar to a pooling of interests. The year 2001 figures below represent twelve months of pro forma information as if the merger occurred on January 1, 2001.
| in € m. | 2002 | 2001 |
| Net interest, commission and investment income | 1,167 | 1,166 |
| Other operating income | 63 | 210 |
| General administrative expenses | (399) | (419) |
| Write-downs, depreciation and value adjustments | (152) | (297) |
| Other expenses | (355) | (143) |
| Net income before tax | 324 | 517 |
| Income tax expense | 30 | – |
| Net income | 294 | 517 |
The following table provides a summary of EUROHYPO AG's consolidated balance sheet according to German GAAP (2001 pro forma figures):
| in € m. | Dec 31, 2002 | Dec 31, 2001 |
| Assets | ||
| Claims on banks | 21,812 | 31,578 |
| Claims on customers | 166,899 | 173,362 |
| Bonds and other fixed-income securities | 36,768 | 42,321 |
| Other assets | 2,988 | 3,466 |
| Total assets | 228,467 | 250,727 |
| Liabilities and shareholders' equity | ||
| Liabilities to banks | 30,974 | 31,559 |
| Liabilities to customers | 41,485 | 43,578 |
| Liabilities in certificate form | 145,289 | 166,755 |
| Provisions and other liabilities | 5,953 | 4,404 |
| Capital and reserves | 4,766 | 4,431 |
| Total liabilities and shareholders' equity | 228,467 | 250,727 |