Among investments, loans and other receivables are recorded.

The interest in WINCOR NIXDORF Immobilien GmbH & Co. KG, Paderborn, is accounted for at fair value through profit or loss since the fair value can be measured reliably. The measurement at fair value showed an increase in the fair value of €8k as of September 30, 2008 (2006/2007: €65k), the net book value amounts to €1,055k as of September 30, 2008 (2006/2007: €1,047k). This increase in value is recognized in the income statement as finance result.

Investment made during fiscal 2007/2008 in WINSERVICE AS, Oslo, Norway, is accounted for using the equity method. The investment result from equity consolidation amounts to –€200k in the period under review, the net book value amounts to €0k as of September 30, 2008.