Part of the Consolidated Financial Statements as of 31 December 2007, which were audited by KPMG Deutsche Treuhand AG.

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Employees

As of December 31, 2007, we employed a total of 78,291 staff members as compared to 68,849 as of December 31, 2006. We calculate our employee figures on a full-time equivalent basis, meaning we include proportionate numbers of part-time employees.

The following table shows our numbers of full-time equivalent employees as of December 31, 2007 and 2006.

Employees1

Dec 31, 2007

Dec 31, 2006

1

Full-time equivalent employees.

2

Includes Israel, Saudi Arabia and United Arab Emirates, formerly reported as part of Asia-Pacific.

3

Primarily the United States: North America includes Mexico, formerly reported as part of South America.

Germany

27,779

26,401

Europe (outside Germany), Middle East and Africa2

21,989

20,025

Asia/Pacific

15,080

10,723

North America3

13,088

11,369

Central & South America

355

331

Total employees

78,291

68,849

The number of our employees increased in 2007 by 9,442 or 13.7%, to 78,291. This increase is attributable mainly to the implementation of growth initiatives including acquisitions and the related expansion in the growth markets of the world. Excluding investments and divestments, the number of our employees increased by 6,726. Furthermore, jobs were created at less expensive locations, especially in the infrastructure groups. Most of the overall expansion, over 40%, took place in the growth markets of the Asia-Pacific region.

Post-Employment Benefit Plans

We have a number of post-employment benefit plans. In addition to defined contribution plans, there are plans accounted for as defined benefit plans.

As a matter of principle all defined benefit plans with a benefit obligation exceeding € 1 million are included in our globally coordinated accounting process. Reviewed by our global actuary, the plans in each country are evaluated by locally appointed actuaries.

By applying our global policy for determining the financial and demographic assumptions we ensure that the assumptions are unbiased and mutually compatible and that they follow the best estimate and ongoing plan principles.

For a further discussion on our employee benefit plans see Note [32] to our consolidated financial statements.