bgl investment partners société anonyme 1 rue des coquelicots l 1356 luxembourg tél 352 26 00 fax 50 www bip lu info rc b 75324 2004 annual report p artners repor t page 2 3 contents key figures 4 the company and its environment pro le 6 highlights 7 from chairman 8 share price net asset value 10 governing bodies 11 corporate governance 12 economies markets in 14 lbos leveraged buyouts 17 portfolio public equity 20 private 28 financial information of board directors to general meeting 42 statements for year ended 31 december 48 auditors 59 estimated fair per 60 millions 2003 data 66 27 56 40 market 34 25 dividend proposed earnings on ordinary activities 0 balance sheet shareholders 286 282 total assets 289
