Basis of Preparation

The parent company Bechtle AG, Bechtle Platz 1, 74172 Neckarsulm is a listed company and as such required under section 315a of the German Commercial Code (HGB) to prepare its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and as adopted by the EU. All International Financial Reporting Standards mandatory for fiscal year 2008 have been applied and the information required under section 315a (1) German Commercial Code (HGB) has been disclosed in the notes to the consolidated financial statements.

The consolidated financial statements have been prepared on a historical cost basis, except for securities and derivative financial instruments that have been measured at fair value. The income statement was prepared using the function of expense method. The consolidated financial statements have been prepared in euros and rounded to nearest thousand unless explicitly stated otherwise.