| Financial liabilities as at 31 December 2008 |             |                          |                       |                               |        |                     | 
+----------------------------------------------+-------------+--------------------------+-----------------------+-------------------------------+--------+---------------------+ 
| Derivative financial instruments             |             |                       -  |             (892,415) |                            -  |        |           (892,415) | 
|                                              |             |                          |                       |                               |      - |                     | 
+----------------------------------------------+-------------+--------------------------+-----------------------+-------------------------------+--------+---------------------+ 
| Other payables                               |             |                       -  |           (2,032,259) |                            -  |        |         (2,032,259) | 
|                                              |             |                          |                       |                               |      - |                     | 
+----------------------------------------------+-------------+--------------------------+-----------------------+-------------------------------+--------+---------------------+ 
| Total financial liabilities                  |             |                       -  |           (2,924,674) |                            -  |        |         (2,924,674) | 
|                                              |             |                          |                       |                               |      - |                     | 
+----------------------------------------------+-------------+--------------------------+-----------------------+-------------------------------+--------+---------------------+ 
|                                              |             |                          |                       |                               |        |                     | 
+----------------------------------------------+-------------+--------------------------+-----------------------+-------------------------------+--------+---------------------+ 
 
The table below analyses the Group's financial liabilities into relevant 
maturity grouping based on remaining period at the statement of financial 
position date to the contractual maturity date. The amounts in the table are the 
contractual undiscounted cash flows. Balances due within 12 months equal their 
statement of financial position carrying balance, as the impact of discounting 
is not significant. The carrying value of the financial liabilities due after 12 
months is EUR268,933,084 (31 December 2008: EUR190,107,679), a difference of 
EUR109,150,738 from the undiscounted contractual cash flow. 
 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
|                                                            |           |                   Due on |          Due within 3 |                 Due between 3 |             Due after 12 |                     | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
|                                                            |           |                   demand |                months |                 and 12 months |                   months |               Total | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
| Consolidated                                               |           |                        EUR |                     EUR |                             EUR |                        EUR |                   EUR | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
|                                                            |           |                          |                       |                               |                          |                     | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
| Financial liabilities as at 31 December 2009               |           |                          |                       |                               |                          |                     | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
| Derivative financial instruments                           |           |                       -  |             (408,560) |                            -  |                       -  |           (408,560) | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
| Other payables                                             |           |                       -  |           (1,107,542) |                            -  |                       -  |         (1,107,542) | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
| Financial liabilities at fair value through profit or loss |           |                          |                       |                               |                          |                     | 
|                                                            |           |                       -  |                    -  |                            -  |            (268,933,084) |       (268,933,084) | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
| Total financial liabilities                                |           |                       -  |           (1,516,102) |                            -  |            (268,933,084) |       (270,449,186) | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
|                                                            |           |                          |                       |                               |                          |                     | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------+-------------------------------+--------------------------+---------------------+ 
 
 
 
 
 
 
 
NOTES TO THE FINANCIAL STATEMENTS (continued) 
 
For the year ended 31 December 2009 
 
 
14.          RISK ASSOCIATED WITH FINANCIAL INSTRUMENTS (continued) 
 
14.3.       Liquidity risk (continued) 
 
+------------------------------------------------------------+-----------+--------------------------+-----------------------------+-------------------------------+--------------------------+---------------------+ 
|                                                            |           |                   Due on |                Due within 3 |                 Due between 3 |             Due after 12 |                     | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------------+-------------------------------+--------------------------+---------------------+ 
|                                                            |           |                   demand |                      months |                 and 12 months |                   months |               Total | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------------+-------------------------------+--------------------------+---------------------+ 
| Consolidated                                               |           |                        EUR |                           EUR |                             EUR |                        EUR |                   EUR | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------------+-------------------------------+--------------------------+---------------------+ 
|                                                            |           |                          |                             |                               |                          |                     | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------------+-------------------------------+--------------------------+---------------------+ 
| Financial liabilities as at 31 December 2008               |           |                          |                             |                               |                          |                     | 
+------------------------------------------------------------+-----------+--------------------------+-----------------------------+-------------------------------+--------------------------+---------------------+ 

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