The Group financial statements of Wincor Nixdorf AG as of September 30, 2008, have been prepared in accordance with all International Financial Reporting Standards (Glossary)  (IFRS), International Accounting Standards (IAS), and Interpretations of the International Financial Reporting Interpretations Committee/Standing Interpretations Committee (IFRIC/SIC) binding in the European Union for fiscal 2007/2008. Additionally, the statutory requirements according to Section 315a (1) of the German Commercial Code have been considered.

In fiscal 2007/2008, Wincor Nixdorf AG has applied the following standards, interpretations and amendments for the first time:

• Amendments to IAS 1 “Presentation of Financial Statements: Capital Disclosures” (to be applied for periods beginning on or after January 1, 2007)
• IFRS 7 “Financial Instruments: Disclosures” (to be applied for periods beginning on or after January 1, 2007)
• IFRIC 10 “Interim Financial Reporting and Impairment” (to be applied for periods beginning on or after November 1, 2006)
• IFRIC 11 “IFRS 2: Group and Treasury Share Transactions” (to be applied for periods beginning on or after March 1, 2007)

The first-time application of the standards, interpretations and amendments, especially the extension of disclosures in the notes according to IAS 1 and IFRS 7, has no material effects on the Group financial statements of Wincor Nixdorf AG as of September 30, 2008.

In addition, the following standard has been released by the IASB and adopted by the European Union until September 30, 2008; however, it is not yet applicable for the Group financial statements of Wincor Nixdorf AG in fiscal 2007/2008:

• IFRS 8 “Operating Segments” (to be applied for periods beginning on or after January 1, 2009)

IFRS 8 requires that the reporting of operating segments follows the so-called “Management Approach.” Accordingly, segment identification and segment disclosures are based on information reviewed by management in order to assess segment performance and allocation of resources. We intend to consider the standard in our Group financial statements in the fiscal year in which it has to be applied, according to the guidelines of the European Union. We do not expect any material effects on the presentation of the Group financial statements of Wincor Nixdorf AG at the moment of first-time application.