Consolidated Balance Sheet (IFRS)

in

Notes

2008

2007

3, 16
4, 16
5, 16
7
6
7
7
12

40,113,727
97,752,015
4,211,258
1,122,495
109,900
3,521,451
2,563,030
722,036

48,407,064
58,491,852
9,461,832
1,023,762
138,903
3,833,208
1,163,521
346,330

150,115,912

122,866,472

ASSETS
Current Assets

Cash and Cash Equivalents

Available-for-sale Financial Assets
Accounts Receivable
Tax Receivables
Other Receivables
Inventories, Net
Prepaid Expenses and Other Current Assets
Assets Classified as Held for Sale
Total Current Assets
Non-current Assets

Property, Plant and Equipment, Net

Patents, Net
Licenses, Net
Software, Net
Know-how and Customer Lists, Net
Goodwill
Investment Property
Deferred Tax Asset

8
9
9
9
9
9, 13
11
21

3,967,405
1,199,267
15,377,995
663,964
2,492,537
26,672,397
0
1,720,750

4,229,043
1,594,749
16,430,881
632,453
3,686,512
26,953,864
1,602,558
4,948,435

Prepaid Expenses and Other Assets,

Net of Current Portion

7, 10

1,082,665

1,767,579

Total Non-current Assets

Total Assets
See accompanying Notes to the Consolidated Financial Statements

53,176,980

61,846,074

203,292,892

184,712,546

in

Notes

2008

2007

14 , 16
16
15
1R

11,616,376
450.969
881.999
14,453,680

13,440,778
131.326
476.548
15,345,863

27,403,024

29,394,515

117.839
11,193,421
48,670
2,542,750

62.763
7,049,474
79.065
2,589,280

13,902,680

9,780,582

22,469,013
158,523,363
1,689,711
(20,694,899)

22,150,448
155,376,343
1,858,910
(33,848,252)

Total Stockholders Equity

161,987,188

145,537,449

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

203,292,892

184,712,546

LIABILITIES AND STOCKHOLDERS EQUITY

Current Liabilities

Accounts Payable
Licenses Payable
Provisions and Tax Liabilities
Current Portion of Deferred Revenue
Total Current Liabilities
Non-current Liabilities

Provisions, Net of Current Portion

Deferred Revenue, Net of Current Portion
Convertible Bonds Due to Related Parties
Deferred Tax Liability

15
1R
18
21

Total Non-current Liabilities

Stockholders Equity

17, 18, 19

Common Stock, 1 Par Value;

Ordinary Shares Authorized (42,759,630 and 38,189,355
for 2008 and 2007, respectively)
Ordinary Shares Issued (22,478,787 and 22,160,259 for
2008 and 2007, respectively)
Ordinary Shares Outstanding (22,398,891 and
22,080,063 for 2008 and 2007, respectively)
Treasury Stock (79,896 and 80,196 shares for 2008 and
2007, respectively), at Cost
Additional Paid-in Capital
Reserves
Accumulated Deficit

See accompanying Notes to the Consolidated Financial Statements

Relience Communication Balance Sheet (IFRS)

in

Notes

2008

2007

3, 16
4, 16
5, 16
7
6
7
7
12

35489
345353
34553
374554
363
3,521,451
2,563,030
722,036

753434
345363
226235
252352
252515
723426
322115
362334

150,115,912

122,866,472

ASSETS
Current Assets

Cash and Cash Equivalents

Available-for-sale Financial Assets
Accounts Receivable
Tax Receivables
Other Receivables
Inventories, Net
Prepaid Expenses and Other Current Assets
Assets Classified as Held for Sale
Total Current Assets
Non-current Assets

Property, Plant and Equipment, Net

Patents, Net
Licenses, Net
Software, Net
Know-how and Customer Lists, Net
Goodwill
Investment Property
Deferred Tax Asset

8
9
9
9
9
9, 13
11
21

25252
252756
442247
2
2,492,537
26,672,397
0
1,720,750

4,229,043
1,594,749
16,430,881
632,453
3,686,512
26,953,864
1,602,558
4,948,435

Prepaid Expenses and Other Assets,

Net of Current Portion

7, 10

1,082,665

1,767,579

Total Non-current Assets

Total Assets
See accompanying Notes to the Consolidated Financial Statements

53,176,980

61,846,074

203,292,892

184,712,546

in

Notes

2008

2007

14 , 16
16
15
1R

11,616,376
450.969
881.999
14,453,680

13,440,778
131.326
476.548
15,345,863

27,403,024

29,394,515

117.839
11,193,421
48,670
2,542,750

62.763
7,049,474
79.065
2,589,280

13,902,680

9,780,582

22,469,013
158,523,363
1,689,711
(20,694,899)

22,150,448
155,376,343
1,858,910
(33,848,252)

Total Stockholders Equity

161,987,188

145,537,449

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

203,292,892

184,712,546

LIABILITIES AND STOCKHOLDERS EQUITY

Current Liabilities

Accounts Payable
Licenses Payable
Provisions and Tax Liabilities
Current Portion of Deferred Revenue
Total Current Liabilities
Non-current Liabilities

Provisions, Net of Current Portion

Deferred Revenue, Net of Current Portion
Convertible Bonds Due to Related Parties
Deferred Tax Liability

15
1R
18
21

Total Non-current Liabilities

Stockholders Equity

17, 18, 19

Common Stock, 1 Par Value;

Ordinary Shares Authorized (42,759,630 and 38,189,355
for 2008 and 2007, respectively)
Ordinary Shares Issued (22,478,787 and 22,160,259 for
2008 and 2007, respectively)
Ordinary Shares Outstanding (22,398,891 and
22,080,063 for 2008 and 2007, respectively)
Treasury Stock (79,896 and 80,196 shares for 2008 and
2007, respectively), at Cost
Additional Paid-in Capital
Reserves
Accumulated Deficit

See accompanying Notes to the Consolidated Financial Statements

Relience Retails Balance Sheet (IFRS)

in

Notes

2008

2007

3, 16
4, 16
5, 16
7
6
7
7
12

40,113,727
97,752,015
4,211,258
1,122,495
109,900
3,521,451
2,563,030
722,036

48,407,064
58,491,852
9,461,832
1,023,762
138,903
3,833,208
1,163,521
346,330

150,115,912

122,866,472

ASSETS
Current Assets

Cash and Cash Equivalents

Available-for-sale Financial Assets
Accounts Receivable
Tax Receivables
Other Receivables
Inventories, Net
Prepaid Expenses and Other Current Assets
Assets Classified as Held for Sale
Total Current Assets
Non-current Assets

Property, Plant and Equipment, Net

Patents, Net
Licenses, Net
Software, Net
Know-how and Customer Lists, Net
Goodwill
Investment Property
Deferred Tax Asset

8
9
9
9
9
9, 13
11
21

3,967,405
1,199,267
15,377,995
663,964
2,492,537
26,672,397
0
1,720,750

4,229,043
1,594,749
16,430,881
632,453
3,686,512
26,953,864
1,602,558
4,948,435

Prepaid Expenses and Other Assets,

Net of Current Portion

7, 10

1,082,665

1,767,579

Total Non-current Assets

Total Assets
See accompanying Notes to the Consolidated Financial Statements

53,176,980

61,846,074

203,292,892

184,712,546

in

Notes

2008

2007

14 , 16
16
15
1R

11,616,376
450.969
881.999
14,453,680

13,440,778
131.326
476.548
15,345,863

27,403,024

29,394,515

117.839
11,193,421
48,670
2,542,750

62.763
7,049,474
79.065
2,589,280

13,902,680

9,780,582

22,469,013
158,523,363
1,689,711
(20,694,899)

22,150,448
155,376,343
1,858,910
(33,848,252)

Total Stockholders Equity

161,987,188

145,537,449

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

203,292,892

184,712,546

LIABILITIES AND STOCKHOLDERS EQUITY

Current Liabilities

Accounts Payable
Licenses Payable
Provisions and Tax Liabilities
Current Portion of Deferred Revenue
Total Current Liabilities
Non-current Liabilities

Provisions, Net of Current Portion

Deferred Revenue, Net of Current Portion
Convertible Bonds Due to Related Parties
Deferred Tax Liability

15
1R
18
21

Total Non-current Liabilities

Stockholders Equity

17, 18, 19

Common Stock, 1 Par Value;

Ordinary Shares Authorized (42,759,630 and 38,189,355
for 2008 and 2007, respectively)
Ordinary Shares Issued (22,478,787 and 22,160,259 for
2008 and 2007, respectively)
Ordinary Shares Outstanding (22,398,891 and
22,080,063 for 2008 and 2007, respectively)
Treasury Stock (79,896 and 80,196 shares for 2008 and
2007, respectively), at Cost
Additional Paid-in Capital
Reserves
Accumulated Deficit

See accompanying Notes to the Consolidated Financial Statements