Investments Held by Designated Investment Companies
The underlying investment holdings of the Group's designated investment companies are carried at fair value
, and totaled € 181 million and € 230 million at December 31, 2003 and 2002, respectively.
Other Equity Interests
Other equity interests totaling € 2.4 billion and € 4.5 billion at December 31, 2003 and 2002, respectively, include investments in which the Group does not have significant influence, including certain venture capital companies and nonmarketable equity securities. The decrease of € 2.1 billion during the year ended December 31, 2003 was primarily due to sales in the Group’s private equity
business. The write-offs for other-than-temporary impairments of these investments amounted to € 214 million, € 423 million and € 968 million for the years ended December 31, 2003, 2002 and 2001, respectively.