Leonardo Venture GmbH & Co. KGaA

EANS-Adhoc: Leonardo Venture GmbH & Co. KGaA
Leonardo Venture publishes 2008 annual financial statements and amended 2007 annual financial statements

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29.04.2009

- Valuation adjustments in the portfolio impact on results for 2008 and 2007

- Solid financial footing secures future development

Mannheim, April 29, 2009 - Leonardo Venture GmbH & Co. KGaA today published the audited 2008 annual financial statements and the amended 2007 annual financial statements (HGB) following the completion of the supplementary audit.

Both sets of annual financial statements are characterized by the valuation adjustments that have been previously announced at individual portfolio companies. As the review of the valuations revealed, the undesirable developments at a number of shareholdings already existed at the end of 2007 and have been taken into account in the 2007 annual financial statements. Among these is the write-down in full of the shareholdings in NanoCompound and Rösler miniDaT, as well as the adjustment of the valuation of the shareholding in MedicalCommunications. The adjustment of the valuation of VRmagic Holding was taken into account in the 2008 annual financial statements.

Key ratios of the 2008 annual financial statements (IFRS) In the 2008 business year Leonardo Venture GmbH & Co. KGaA booked a loss to IFRS totaling EUR 5,389,178 (2007: EUR -10,141,856). The result from the new valuation of financial assets amounted to EUR -4,095,457 (2007: EUR -7,259,721). Sales revenues, income from participations and other operating income totaled EUR 548,655 (2007: EUR 363,783). The other operating expenses decreased in 2008 by EUR 682,705 to EUR 2,529,815; this was due in particular to the reduction in the management and liability remuneration for the general partner of the KGaA.

The balance-sheet total as of December 31, 2008 amounted to EUR 29,534,743, in contrast with EUR 34,957,344 at the end of the previous year. The book value of the long-term assets as of December 31, 2008 was EUR 15,390,097, compared to EUR 15,531,120 at the end of 2007. The liquid funds decreased from EUR 18,492,224 to EUR 12,803,351. The equity capital as of December 31, 2008 amounted to EUR 28,658,647; this corresponds to an equity ratio of 97 percent. Thus Leonardo Venture GmbH & Co. KGaA continues to have solid financial resources to secure the future strategic development.

Essential changes in the 2007 annual financial statements (HGB) The most important changes in the 2007 annual financial statements compared to the annual financial statements published in April 2008 concern the valuations of the shareholdings. The stakes held in Rösler miniDaT and NanoCompound had to be written down in full for reasons previously already made public. The value of shareholding in MedicalCommunications was adjusted in part. In the 2007 business year this led to a net loss for the year to HGB of EUR 17,045,930. The balance-sheet total to HGB as of December 31, 2007 amounted to EUR 29,563,757 (December 31, 2006: EUR 29,519,725). The financial assets declined considerably, from EUR 20,012,508 in the previous year to EUR 9,931,074 in the 2007 business year. In contrast the cash at banks on current accounts increased as a consequence of the capital increase in 2007 from EUR 6,914,375 to EUR 18,892,224. The equity capital ratio to HGB at the end of 2007 was 97 percent.

The annual financial statements for 2008 (IFRS and HGB) and 2007 (HGB) are available for download on the website of Leonardo Venture under Investor Relations / Financial Reports. The detailed 2008 Annual Report is due for publication in May 2009.

end of ad-hoc-announcement ========================================== ====================================== About Leonardo Venture GmbH & Co. KGaA Leonardo Venture is a Venture Capital financier that focuses on companies dealing in the areas of health and life quality enhancement in Germany and German speaking countries abroad. Leonardo Venture invests as an “early stage” financier with its own resources in companies. Thereby investing not only its capital but also providing its know how, contacts and its network.

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ots Originaltext: Leonardo Venture GmbH & Co. KGaA
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Sandra Schwarz
Telefon: +49 (0)621 438 430 27
E-Mail: schwarz@leonardoventure.de

Branche: Financial & Business Services
ISIN:      DE0005878763
WKN:        587876
Börsen:  Börse Frankfurt / regulated dealing/prime standard



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