The Group’s security portfolio amounts to €4,289 million and €1,843 million as of 31^st December 2007 and 2006, respectively. The security portfolio contains a non-current portion of available-for-sale-securities of €2,406 million (in 2006: €1,294 million) and securities designated at fair value through profit and loss of €285 million (in 2006: €0 million) as well as a current portion of available-for-sale-securities of €1,598 million (in 2006: €549 million).

Included in the securities portfolio as of 31^st December 2007 and 2006, respectively are corporate bonds bearing either fixed rate coupons (€827 million nominal value; 2006: €489 million) or floating rate coupons (€3,219 million nominal value; 2006: €993 million) as well as capital protected Notes of Hedgefunds (€275 million nominal value; 2006: €0 million) and other funds (€4 million nominal value). In 2006, there were additionally also credit instruments bearing floating rate coupons (€294 million nominal value) and equity instruments (€51 million nominal value).