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Results of Operations, Financial Position and Net Assets

The TÜV Rheinland AG Group’s consolidated financial statements are prepared in accordance with IFRS.

Development of Revenues

The Group’s worldwide revenues, including inventory changes, are broken down

Development of Income

Consolidated Net Income for the Year 2014

Financial Position

The cash flow statement was prepared on the basis of the consolidated financial statements.

Balance Sheet and Capital Structure

The balance sheet total climbed significantly by 19.9% or €292.8 million to €1,761.2 million.


The volume of investments in the business year, not including corporate acquisitions, totaled € 90.2 million.