Financial Data

IHC Holland Merwede BV
Pro forma consolidated profit and loss account 2004
(in thousands of euro’s)

	Profit and Loss account IHC Holland Holding BV		Profit and Loss account De Merwede Holding BV		Pro forma Profit and Loss Account IHC Holland Merwede BV
Net turnover	275.353		211,022		486.375
Changes in stocks and work in progress	(12.456)		(78.403)		(90.859)
Other operating income	491		-		491
Operating income		263.388		132.619		396.007
External costs	179.794		111.904		291.698
Wages and salaries	53.759		13.792		67.551
Social security costs	12.073		3.436		15.509
Depreciation tangible fixed assets	6.057		1.512		7.569
Other operating costs	4.937		266		5.203
Operating costs		(256.620)		(130.910)		387.530
Operating profit		6.768		1.709		8.477
Share of results of associated companies	280		--		280
Other financial income / (expense)	(1.717)		11		(1.706)
Financial income / (expense)		(1.437)		11		(1.426)
Profit before taxation		5.331		1.720		7.051
Taxation		(1.341) 3.990		(568) 1.152		(1.909) 5.142
Minority interests		(1.085)		2		(1.083)
Net profit		2.905 =====		1.154 =====		4.059 =====