The Group’s security portfolio amounts to 1,843 M € and 5,200 M € as of December 31^st, 2006 and 2005, respectively. The security portfolio contains a non-current portion of available-for-sale-securities of 1,294 M € (in 2005: 1,011 M €) and a current portion of 549 M € (in 2005: 4,189 M €). In order to align the presentation of “Cash and cash equivalents”, having maturities of three months or less from the date of acquisition, the previous year’s figure has been reclassified by an amount of 4,160 M € (for further details please refer to the Consolidated Statements of Cash Flows and Note 2 “Summary of significant accounting policies”).

Included in the securities portfolio at the end of 2006 are corporate bonds bearing either fixed rate coupons (489 M € nominal value) or floating rate coupons (993 M € nominal value) as well as credit instruments bearing floating rate coupons (294 M € nominal value) and equity instruments (51 M € nominal value).