Subscribed Consolidated Treasury TOTAL capital Capital Revenue Difference Cashflow profit/net stock reserve reserves from hedges income for PUMA AG PUMA AG currency the year in € million conversion Group reserves Dec. 31, 2002 40.6 41.9 40.9 2.6 -0.2 126.5 252.2 Dividend payment -8.7 -8.7 Transfer to profit reserves 18.6 -18.6 Currency changes -17.8 -17.8 Release to the income statement -1.1 -1.1 Market value for cashflow hedges -9.5 -9.5 Capital increase 1.0 8.5 9.5 Consolidated profit 179.3 179.3 Purchase of treasury stock -20.9 -20.9 Dec. 31, 2003 41.6 50.4 59.5 -15.2 -10.7 278.5 -20.9 383.0 Dividend payment -11.2 -11.2 Transfer to profit reserves 30.8 -30.8 Currency changes -17.8 -17.8 Release to the income statement 10.3 10.3 Market value for cashflow hedges -29.8 -29.8 Capital increse 1.1 22.1 23.2 Consolidated profit 257.3 257.3 Purchase of treasury stock 79.2 -79.2 -79.2 -79.2 Dec. 31, 2004 42.7 72.5 169.5 -33.0 -30.3 414.6 -100.2 535.8 Changes in Equity Foreword | Mission | Management Report | Share | Marketing |  Consolidated Financial Statements - IFRS - | Report of Supervisory Board | Board of Management 63