An diesem Punkt währe supper die audio Aufzeichnung zu haben. Dennoch gehe ich davon dass sich Herr Braun auf die Eigenkapitalquote bezieht. Der finanzvorstand klärt ja weiter unten auf und bestätig das für zukünftiges wachstumm keine Kapitla Erhöhung notwendig ist.
Adithya Metuku
The last question was on the equity ratio. My question was, once you include all of these acquisitions youve done, and youve paid out the charges that are going to go out in 1Q and 2Q. What will be the impact on the equity ratio, and will that be
Markus Braun
Yes, sorry for that, yes.
Adithya Metuku
above the levels required by your lenders and you would need to do a capital raise?
Markus Braun
Yes, with that yes.
Burkhard Ley
No, to begin with the end of your question, no, definitely not; we described this precisely in our report and what the ratios are we reached on with our banks and there of course the fact that we have net cash from the operative business. This considered in the way that the overall assets are reduced by specific amount.
And this means in other words, the existing equity is a higher proportion of this reduced figure of the overall assets and we have a very comfortable figure would be doing the minimum we have to achieve and the actual figure and then so far to say it very clear. Even if we might do and sort of transaction for example in North America in the next 12 to 16 months is not a single reason for any sort of capital increase or something like that.