Statement of Income and Accumulated Earnings

in T€	FY 2005	FY 2004
Changes recorded directly under equity
Changes resulting from currency translation	124,822	−15,671
Changes in the value of the reserve from hedging transactions
Changes in current value reported immediately in equity	−2,510	−4,429
Realization of settled hedging instruments with effect on income	8,886	−4,457
Changes in the value of financial assets in the available-for-sale assets category
Changes in current value reported immediately in equity	4,023	3,130
Realization of settled hedging instruments with effect on income	−2,654	−7,251
Actuarial gains and losses	−122,315	−128,846
Deferred taxes on changes without effect on income	44,514	51,916
Other changes without effect on income	−2,104	−907

	52,662	−106,515

Consolidated net income for the year	841,995	246,735

Total profit pursuant to IAS 1.97 in conjunction with IAS 19.93B	894,657	140,220

Total profit due to Salzgitter AG shareholders	894,930	138,095
Total profit due to minority interests	−273	2,125
	894,657	140,220