Source : Amadeus Database (Bureau van Dijk) Update :October, 2009October, 2009

HEWLETT-PACKARD THE HAGUE B.V.
(AMSTELVEEN, NETHERLANDS)

Startbaan 16 Phone : +31 20 5476771 Operating revenue/Turnover (2008, mil USD) : 110,886

1187 XR AMSTELVEEN Fax : +31 20 5477751 Net Income (2008, mil USD) : 8,536

NETHERLANDS Date of incorporation : 2000 Employees (2008) : 16

This company is not listed.

BvDEP ID number :

NL09116625

NACE Rev. 1.1 code :

5184 : Wholesale of computers, computer peripheral equipment and software

Trade description :

Rendering services in the field of information-technology for business and consumer market.

Peer Group :


ILLUSTRATION OF THE EVOLUTION OF THREE KEY ITEMS

BALANCE SHEET(mil USD) 31/10/2008 31/10/2007 31/10/2006 31/10/2005 31/10/2004

12 months 12 months 12 months 12 months 12 months

Cons. Cons. Cons. Cons. Cons.

   ASSETS

Current Assets 38,321 56,037 55,474 46,650 33,009

Cash & Equivalents 2,294 2,989 3,573 3,004 3,374

Receivables 32,289 49,229 48,290 40,721 26,588

Other Current Assets 3,738 3,819 3,611 2,925 3,046

Fixed & Other Assets 7,592 5,612 5,690 16,400 21,294

Tangible Fixed Assets 1,765 1,991 2,044 2,187 2,413

Other Assets 5,827 3,621 3,646 14,213 18,881

Total Assets 45,913 61,649 61,164 63,050 54,302

   LIABILITIES

Current Liabilities 35,188 54,481 49,015 56,022 33,497

Accounts Payable 8,621 8,595 8,335 6,574 5,628

Other Current Liabilities 26,567 45,886 40,681 49,448 27,869

Non-Current Liabilities 3,907 3,404 2,698 1,578 1,425

Long Term Debt 0 0 1,263 94 97

Other Liabilities 3,907 3,404 1,436 1,484 1,328

Shareholders' Funds 6,817 3,763 9,450 5,451 19,381

Total Liabilites & Shareholders' Funds 45,913 61,649 61,164 63,050 54,302

INCOME STATEMENT(mil USD) 31/10/2008 31/10/2007 31/10/2006 31/10/2005 31/10/2004

12 months 12 months 12 months 12 months 12 months

Cons. Cons. Cons. Cons. Cons.

Operating Revenue / Turnover 110,886 108,303 97,970 80,059 75,253

Cost of Goods Sold -99,322 -97,978 -87,837 -71,652 -67,243

Operating Expenses -4,400 -4,873 -4,583 -8,083 -8,960

Operating Income 7,164 5,452 5,550 324 -951

Financial P/L 1,824 -532 -710 -10 -657

Tax -452 -401 -532 -498 -348

Extraordinary & Other Items 0 0 0 0 0

Net Income 8,536 4,519 4,308 -183 -1,956

EMPLOYEES 16 16 74,853 72,427 66,446

RATIOS 31/10/2008 31/10/2007 31/10/2006 31/10/2005 31/10/2004

Return on Shareholders Funds (%) 131.85 130.75 51.22 5.77 -8.29

Return on total assets (%) 19.58 7.98 7.91 0.50 -2.96

Return on Capital Employed (%) 89.83 96.59 54.20 20.10 -4.90

Profit margin (%) 8.11 4.54 4.94 0.39 -2.14

Current Ratio (x) 1.09 1.03 1.13 0.83 0.99

Solvency ratio (%) 14.85 6.10 15.45 8.64 35.69

Shareholders liquidity ratio (%) 1.74 1.11 3.50 3.45 13.60

Assets / Employee (th USD) n.s. n.s. 817 871 817

Net Assets Turnover (x) 10.34 15.11 8.06 11.39 3.62

MEDIAN VALUES OF THE PEER GROUP 2008 2007 2006 2005 2004

Operating Revenue / Turnover (th USD) 16,957 20,464 16,773 14,658 13,789

Operating Income (th USD) 424 533 367 275 270

Net Income (th USD) 218 322 226 136 167

Return on shareholders funds (%) 21.90 25.70 25.98 23.44 23.71

Return on capital employed (%) 22.83 23.99 22.25 20.85 22.21

ILLUSTRATION OF THE EVOLUTION OF KEY RATIOS

BOARD MEMBERS & OFFICERS

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Name Title

Ch.C.H. Murphy Ives Manager

J.C.A. van Diemen Manager

SHAREHOLDERS

BvDEP Independence Indicator: D Help

Current definition of the UO :

path of min 25.01% of control, known shareholders

The companies underlined and displayed in blue - bold are available on Amadeus.

The companies underlined and displayed in dark - bold are available on other BvDEP Databases.

	Shareholder name	Country	Type	Ownership		Source		Company Inform.
	Shareholder name	Country	Type	Direct (%)	Total (%)	Source ident.	Date of inform	Closing Date	Op. Revenue (mil USD)*	Total Assets (mil USD)
Global Ultimate Owner (qualification: UO)
-	HEWLETT-PACKARD COMPANY	US	C	-	n.a.	VD	02/2008	><	118,364	113,331

Domestic Ultimate Owner
-	HEWLETT-PACKARD ALMELO B.V.	NL	F	-	n.a.	VD	10/2009	=	n.a.	16,364

Shareholders
1.	HEWLETT-PACKARD LUXEMBOURG SCA	LU	C	100.00	100.00	LN	12/2008	><	11,163	67,770
2.	HEWLETT-PACKARD LUXEMBOURG INTERNATIONAL SARL	LU	C	-	100.00	WW	10/2009	><	n.a.	5,620

* For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the Operating Income (memo).

SUBSIDIARIES (Roll-up structure)

Current definition of the UO :

path of min 25.01% of control, known shareholders

Filters :

No filter

The companies underlined and displayed in blue - bold are available on Amadeus.

The companies underlined and displayed in dark - bold are available on other BvDEP Databases.

	Subsidiary name	Coun- try	Ownership				Source		Company Inform.
	Subsidiary name	Coun- try	Direct (%)	Total (%)	Level of own.	Status	Source ident.	Date of inform	Closing Date	Op. Revenue (mil USD)*	Total Assets (mil USD)
1.	ARLE AS	NO	100.00	100.00	1	-	CI	04/2009	=	n.a.	<0.5
2.	BLAZE PRINTING B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	9	12
3.	BLAZE PRINTING HOLDINGS LIMITED	CY	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
4.	BLAZE PRINTING SAF (PTY) LTD	ZA	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
5.	BOMBINI INVESTMENTS NV	AN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
6.	CEC EUROPE SERVICE MANUFACTURING LTD.	GB	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
7.	COMPAQ (CHINA) INVESTMENT CO. LTD.	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
8.	COMPAQ ASIA FULLFILL CENTER PTE LTD	SG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
9.	COMPAQ COMPUTER (MAURITIUS) LTD	MU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
10.	COMPAQ COMPUTER (SHANGHAI) COMPANY LTD.	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
11.	COMPAQ COMPUTER (SHENZHEN) CO LTD.	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
12.	COMPAQ COMPUTER AP SINGAPORE PTE LTD	SG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
13.	COMPAQ COMPUTER ASIA PTE LTD	SG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
14.	COMPAQ COMPUTER AUSTRALIA PTY LTD	AU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
15.	COMPAQ COMPUTER C MALAYSIA SDN BHD	MY	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
16.	COMPAQ COMPUTER COSTUMER SUPPORT CTR GMBH	DE	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
17.	COMPAQ COMPUTER DEUTSCHLAND GMBH (HOLDING)	DE	100.00	100.00	1	-	LN	04/2009	><	20	207
18.	COMPAQ COMPUTER EGYPT LTD	EG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
19.	COMPAQ COMPUTER HONG KONG LTD	HK	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
20.	COMPAQ COMPUTER LIMITED	GB	100.00	100.00	1	-	LN	04/2009	=	n.a.	617
21.	COMPAQ COMPUTER TECHNOLOGIES (CHINA) CO LTD	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
22.	COMPAQ S. DE R.L. DE CV	MX	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
23.	COMPAQ TRADEMARK B.V.	NL	100.00	100.00	1	-	LN	11/2008	n.a.	n.a.	n.a.
24.	COMPAQ VENTURES SINGAPORE	SG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
25.	COMPQ1 SAS FRANCE	FR	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
26.	COMPUTER DISASTER RECOVERY LIMITED	GB	100.00	100.00	1	-	LN	04/2009	><	n.a.	n.a.
27.	DIGITAL EQUIPMENT COMPANY LIMITED	GB	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
28.	DIGITAL EQUIPMENT CORPORATION (PROPRIETARY) LIMITED	ZA	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
29.	DIGITAL EQUIPMENT INTERNATIONAL BETRIEBLICHE GMBH	DE	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
30.	DPTECHNOLOGIES B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	4	<0.5
31.	EURYTE WIRELESS HOLDINGS NV	AN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
32.	EXTRICITY HOLDING B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	n.a.	n.a.
33.	FH COMPUTER SERVICES LTD.	GB	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
34.	GENEVA INVESTMENTS N.V.	AN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
35.	GLOBAL E-BUSINESS OPERATIONS CENTRE SRL	RO	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
36.	GLOBAL SERVICES SRL	AR	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
37.	HANOVER ASIA PACIFIC INVESTMENTS LIMITED	MU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
38.	HEWLETT - PACKARD (ROMANIA) SRL	RO	100.00	100.00	1	-	LN	04/2009	><	75	54
39.	HEWLETT - PACKARD BELGIUM	BE	100.00	100.00	1	-	LN	04/2009	=	1,215	456
40.	HEWLETT PACKARD CENTRO AMERICA CAC LTDA	CR	100.00	100.00	1	-	LN	04/2009	><	n.a.	n.a.
41.	HEWLETT PACKARD COLOMBIA LTDA	CO	100.00	100.00	1	-	LN	04/2009	><	377	n.a.
42.	HEWLETT PACKARD EAST AFRICA LTD	KE	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
43.	HEWLETT PACKARD ECUADOR CIA LTDA	EC	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
44.	HEWLETT PACKARD EGYPT LTD	EG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
45.	HEWLETT PACKARD GESELLSCHAFT M.B.H.	AT	100.00	100.00	1	-	LN	04/2009	><	329	n.a.
46.	HEWLETT PACKARD HOLDING FRANCE	FR	100.00	100.00	1	-	LN	04/2009	=	n.a.	76
47.	HEWLETT PACKARD ITALIANA SRL	IT	100.00	100.00	1	-	LN	04/2009	=	2,551	941
48.	HEWLETT PACKARD KOREA LTD.	KR	100.00	100.00	1	-	LN	04/2009	><	1,109	562
49.	HEWLETT PACKARD POLSKA SP. Z O.O.	PL	100.00	100.00	1	-	LN	04/2009	=	372	148
50.	HEWLETT PACKARD SARL	MA	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
51.	HEWLETT- PACKARD D.O.O.	HR	100.00	100.00	1	-	LN	04/2009	><	22	12
52.	HEWLETT-PACKARD (CANADA) CO	CA	100.00	100.00	1	-	LN	04/2009	><	452	n.a.
53.	HEWLETT-PACKARD (CHINA) INVESTMENT LTD	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
54.	HEWLETT-PACKARD (ISRAEL) LTD	IL	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
55.	HEWLETT-PACKARD (M) SDN BHD	MY	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
56.	HEWLETT-PACKARD (MACAU) LTD	MO	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
57.	HEWLETT-PACKARD 1997 SOUTH AFRICA (PROP.) LTD	ZA	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
58.	HEWLETT-PACKARD AP (HONG KONG) LTD.	HK	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
59.	HEWLETT-PACKARD ASIA PACIFIC PTE. LTD.	SG	100.00	100.00	1	-	LN	04/2009	><	8,453	1,481
60.	HEWLETT-PACKARD AUSTRALIA CONS. PTY LTD	AU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
61.	HEWLETT-PACKARD AUSTRALIA GROUP HOLDING PTY	AU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
62.	HEWLETT-PACKARD AUSTRALIA HOLDINGS PTY LTD	AU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
63.	HEWLETT-PACKARD CARIBE B.V.	NL	100.00	100.00	1	-	LN	11/2008	n.a.	n.a.	n.a.
64.	HEWLETT-PACKARD CARIBE Y. ANDINA B.V.	NL	100.00	100.00	1	-	LN	11/2008	n.a.	n.a.	n.a.
65.	HEWLETT-PACKARD CDS GMBH	DE	100.00	100.00	1	-	LN	04/2009	=	88	37
66.	HEWLETT-PACKARD CENTRAL EASTERN EUROPEAN HOLDING GMBH	AT	100.00	100.00	1	-	CR	06/2009	><	n.a.	924
67.	HEWLETT-PACKARD CERVIN SARL	CH	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
68.	HEWLETT-PACKARD CHILE COMERCIAL LTDA.	CL	100.00	100.00	1	-	LN	04/2009	><	n.a.	n.a.
69.	HEWLETT-PACKARD COSTA RICA LTDA	CR	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
70.	HEWLETT-PACKARD D.O.O	SI	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
71.	HEWLETT-PACKARD DE M�XICO, S.A. DE C.V.	MX	100.00	100.00	1	-	LN	04/2009	><	n.a.	n.a.
72.	HEWLETT-PACKARD DEVENTER B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	n.a.	n.a.
73.	HEWLETT-PACKARD DISTRIBUTED COMPUTING SERV. S.R.L.	IT	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
74.	HEWLETT-PACKARD EDAM B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	n.a.	n.a.
75.	HEWLETT-PACKARD EL DJAZAIR SARL	DZ	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
76.	HEWLETT-PACKARD EMEA GMBH	DE	100.00	100.00	1	-	LN	04/2009	><	120	93
77.	HEWLETT-PACKARD EQUITY INVESTMENTS LTD	KY	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
78.	HEWLETT-PACKARD EQUITY SPAIN ETVE S.L.	ES	100.00	100.00	1	-	LN	04/2009	><	n.a.	n.a.
79.	HEWLETT-PACKARD EUROPE B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	15,427	2,574
80.	HEWLETT-PACKARD FINANCE LIMITED	GB	100.00	100.00	1	-	LN	04/2009	><	15	43
81.	HEWLETT-PACKARD GLOBAL DELIVERY BULGARIA CENTRE EOOD	BG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
82.	HEWLETT-PACKARD GMBH	DE	100.00	100.00	1	-	LN	04/2009	=	6,540	3,576
83.	HEWLETT-PACKARD GOUDA B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	n.a.	n.a.
84.	HEWLETT-PACKARD GUATEMALA LTDA	GT	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
85.	HEWLETT-PACKARD HAARLEM B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	n.a.	n.a.
86.	HEWLETT-PACKARD HELLAS LTD	GR	100.00	100.00	1	-	LN	04/2009	=	114	45
87.	HEWLETT-PACKARD HOLDING IBERIA S.L.	ES	100.00	100.00	1	-	IN	06/2009	><	n.a.	559
88.	HEWLETT-PACKARD HONG KONG LTD	HK	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
89.	HEWLETT-PACKARD HUNGARY COMPUTER AND ELECTRONIC INSTRUMENTS TRADE AND SERVICE LTD. R�VID�TETT NEVE H	HU	100.00	100.00	1	-	LN	04/2009	=	172	50
90.	HEWLETT-PACKARD INDIA SALES PRIVATE LTD	IN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
91.	HEWLETT-PACKARD INDUSTRIAL PRINTING LTD	IL	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
92.	HEWLETT-PACKARD INDUSTRIAL PRINTING SOLUTIONS EUROPE	BE	100.00	100.00	1	-	LN	04/2009	><	48	48
93.	HEWLETT-PACKARD INTERNATIONAL PTE LTD	SG	100.00	100.00	1	-	LN	04/2009	><	14,176	4,282
94.	HEWLETT-PACKARD INTERNATIONAL TRADE B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	n.a.	n.a.
95.	HEWLETT-PACKARD INVESTMENTS II CO	CA	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
96.	HEWLETT-PACKARD IRELAND (SALES) LIMITED	IE	100.00	100.00	1	-	LN	04/2009	n.a.	<0.5	n.a.
97.	HEWLETT-PACKARD IRELAND BUSINESS CONDUCT SERVICES LTD	IE	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
98.	HEWLETT-PACKARD IRELAND LIMITED	IE	100.00	100.00	1	-	LN	04/2009	n.a.	<0.5	n.a.
99.	HEWLETT-PACKARD ISE GMBH	DE	100.00	100.00	1	-	LN	04/2009	><	44	52
100.	HEWLETT-PACKARD ISO PR. LTD	IN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
101.	HEWLETT-PACKARD KELLS MANUFACTURING KFT	HU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
102.	HEWLETT-PACKARD L�MAN S�RL	CH	100.00	100.00	1	-	LN	04/2009	><	n.a.	n.a.
103.	HEWLETT-PACKARD MALAYSIA TECHN. SDN BHD	MY	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
104.	HEWLETT-PACKARD MANUFACTURING (THAILAND) CO LTD	TH	100.00	100.00	1	-	LN	04/2009	><	<0.5	1
105.	HEWLETT-PACKARD MARIGALANTE LTD	KY	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
106.	HEWLETT-PACKARD M�XICO, S. DE R.L. DE C.V.	MX	100.00	100.00	1	-	LN	04/2009	><	3,691	n.a.
107.	HEWLETT-PACKARD MIDDELBURG B.V.	NL	100.00	100.00	1	-	LN	11/2008	n.a.	n.a.	n.a.
108.	HEWLETT-PACKARD MIDDLE EAST FZ-LLC	AE	100.00	100.00	1	-	LN	04/2009	><	n.a.	n.a.
109.	HEWLETT-PACKARD MULTIMEDIA SDN BHD	MY	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
110.	HEWLETT-PACKARD NIGERIA LTD	NG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
111.	HEWLETT-PACKARD OMS (ISRAEL) LTD	IL	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
112.	HEWLETT-PACKARD PHILIPPINES CORPORATION	PH	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
113.	HEWLETT-PACKARD PRODUCTS CV 1, LLC	US	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
114.	HEWLETT-PACKARD PRODUCTS CV2 LLC	US	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
115.	HEWLETT-PACKARD PUERTO RICO B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	n.a.	n.a.
116.	HEWLETT-PACKARD REALISATION	FR	100.00	100.00	1	-	LN	04/2009	=	<0.5	68
117.	HEWLETT-PACKARD REGIONAL SALES PTE LTD.	SG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
118.	HEWLETT-PACKARD SIA	LV	100.00	100.00	1	-	LN	04/2009	=	3	3
119.	HEWLETT-PACKARD SINGAPORE (PRIVATE) LIMITED	SG	100.00	100.00	1	-	LN	04/2009	><	13,359	7,815
120.	HEWLETT-PACKARD SINGAPORE (SALES) PTE. LTD.	SG	100.00	100.00	1	-	LN	04/2009	><	1,817	575
121.	HEWLETT-PACKARD SINO INVESTMENTS (II) CO LTD	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
122.	HEWLETT-PACKARD SINO INVESTMENTS (III) CO LTD	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
123.	HEWLETT-PACKARD SINO INVESTMENTS (IV) CO LTD	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
124.	HEWLETT-PACKARD SINO INVESTMENTS HOLDINGS TRUST	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
125.	HEWLETT-PACKARD SINO INVESTMENTS LTD.	MU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
126.	HEWLETT-PACKARD SITTARD B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	n.a.	n.a.
127.	HEWLETT-PACKARD SOUTH AFRICA (PTY) LTD	ZA	100.00	100.00	1	-	LN	04/2009	><	n.a.	n.a.
128.	HEWLETT-PACKARD SOUTH PACIFIC PTY LTD	AU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
129.	HEWLETT-PACKARD SVERIGE HOLDING AB	SE	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
130.	HEWLETT-PACKARD TECHNOL�GIAI LICENCEK �S LICENCNY�JT� KFT.	HU	100.00	100.00	1	-	LN	04/2009	><	1,106	442
131.	HEWLETT-PACKARD TECHNOLOGY (SHANGHAI) CO LTD	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
132.	HEWLETT-PACKARD TECHNOLOGY CENTER INC	PR	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
133.	HEWLETT-PACKARD TURKEY S.T.I.	TR	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
134.	HEWLETT-PACKARD VIETNAM LTD	VN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
135.	HEWLETT-PACKARD WEST INDIES LTD	KY	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
136.	HP COMPUTER PRODUCTS (SHANGHAI) CO., LTD.	CN	100.00	100.00	1	-	LN	04/2009	><	5	72
137.	HP CRS (DENMARK) APS	DK	100.00	100.00	1	-	LN	04/2009	><	<0.5	1
138.	KNOWLEDGE TECHNOLOGY LIMITED	GB	100.00	100.00	1	-	LN	04/2009	><	n.a.	<0.5
139.	PIPEBEACH AB	SE	100.00	100.00	1	-	LN	04/2009	><	1	1
140.	PT COMPAQ INDONESIA	ID	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
141.	SCITEX VISION HONG KONG LTD	HK	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
142.	SCITEX VISION INTERNATIONAL TRADING (SHANGHAI) CO LTD	CN	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
143.	SHANGHAI HP CO LTD	CN	100.00	100.00	1	-	LN	04/2009	><	3,205	962
144.	SPEECHWEB SE AB	SE	100.00	100.00	1	-	LN	04/2009	><	n.a.	<0.5
145.	SYNSTAR BELGIUM S.P.R.L./B.V.B.A.	BE	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
146.	SYNSTAR COMPUTER SERVICES (UK) LTD	GB	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
147.	SYNSTAR EUROPE	GB	100.00	100.00	1	-	LN	04/2009	><	n.a.	n.a.
148.	SYNSTAR STAFF OWNERSHIP PARTICIPATION PLAN LIMITED	GB	100.00	100.00	1	-	LN	04/2009	><	n.a.	<0.5
149.	TECHINK INTERNATIONAL (PTY) LTD	ZA	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
150.	TECHINK INTERNATIONAL B.V.	NL	100.00	100.00	1	-	LN	11/2008	><	n.a.	n.a.
151.	TECHINK INTERNATIONAL PTE LTD	SG	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
152.	TECHINK MANUFACTURING (PROPRIETARY) LTD	ZA	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
153.	TECHNOLOGIES ET PARTICIPATIONS S.A.S.	FR	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
154.	TECHNOLOGIES PARTICIPATIONS IMMOBILIERES	FR	100.00	100.00	1	-	LN	04/2009	=	n.a.	<0.5
155.	TRIATON FRANCE SAS	FR	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
156.	TRIATON GMBH	DE	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
157.	UAB HEWLETT-PACKARD	LT	100.00	100.00	1	-	KG	05/2009	=	13	6
158.	ZAO COMPAQ COMPUTER	RU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
159.	ZAO HEWLETT-PACKARD AO	RU	100.00	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
160.	COMPAQ COMPUTER GROUP LIMITED	GB	-	100.00	1	-	LN	04/2009	=	n.a.	611
161.	COMPAQ COMPUTER UK ENTERPRISE LIMITED	GB	-	100.00	1	-	LN	04/2009	=	n.a.	56
162.	DIGITAL EQUIPMENT SCOTLAND	GB	-	100.00	1	-	LN	04/2009	><	n.a.	6
163.	GLOBAL E - BUSINESS OPERATIONS SP. Z O.O.	PL	-	100.00	1	-	LN	04/2009	=	55	22
164.	HEWLETT - PACKARD LIMITED	GB	-	100.00	1	-	LN	04/2009	=	5,156	3,902
165.	HEWLETT - PACKARD PORTUGAL, LDA	PT	-	100.00	1	-	LN	04/2009	><	483	181
166.	HEWLETT - PACKARD, S.R.O.	CZ	-	100.00	1	-	LN	04/2009	><	331	141
167.	HEWLETT PACKARD CUSTOMER DELIVERY SERVICES S.L.	ES	-	100.00	1	-	LN	04/2009	><	19	10
168.	HEWLETT PACKARD PERU SRL	PE	-	100.00	1	-	LN	04/2009	><	n.a.	n.a.
169.	HEWLETT-PACKARD (SCHWEIZ) GMBH	CH	-	100.00	1	-	LN	04/2009	><	1,504	n.a.
170.	HEWLETT-PACKARD ARGENTINA SA	AR	-	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
171.	HEWLETT-PACKARD AUSTRALIA PTY LTD	AU	-	100.00	1	-	LN	04/2009	><	2,187	839
172.	HEWLETT-PACKARD CDS IRELAND LIMITED	IE	-	100.00	1	-	LN	04/2009	n.a.	<0.5	n.a.
173.	HEWLETT-PACKARD CUSTOMER SERVICES LIMITED	IE	-	100.00	1	-	LN	04/2009	n.a.	<0.5	n.a.
174.	HEWLETT-PACKARD IRELAND (HOLDINGS) LIMITED	IE	-	100.00	1	-	LN	04/2009	n.a.	<0.5	n.a.
175.	HEWLETT-PACKARD MEYRIN S�RL	CH	-	100.00	1	-	LN	04/2009	><	n.a.	n.a.
176.	HEWLETT-PACKARD NEW ZEALAND	NZ	-	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
177.	HEWLETT-PACKARD NORDIC	BE	-	100.00	1	-	LN	04/2009	=	n.a.	246
178.	HEWLETT-PACKARD NORGE AS	NO	-	100.00	1	-	LN	04/2009	=	422	200
179.	HEWLETT-PACKARD NORGE HOLDING AS	NO	-	100.00	1	-	LN	04/2009	><	n.a.	755
180.	HEWLETT-PACKARD NZ AND AUSTRALIA PTY LTD	AU	-	100.00	1	-	LN	04/2009	n.a.	n.a.	n.a.
181.	HEWLETT-PACKARD SLOVAKIA, S.R.O.	SK	-	100.00	1	-	LN	04/2009	><	93	62
182.	HEWLETT-PACKARD TRADING S�RL	CH	-	100.00	1	-	LN	04/2009	><	n.a.	n.a.
183.	HEWLETT-PACKARD, SVERIGE, AB	SE	-	100.00	1	-	LN	04/2009	=	1,845	581
184.	LANCARE UK LIMITED	GB	-	100.00	1	-	LN	04/2009	=	n.a.	<0.5
185.	NOVADIGM UK LIMITED	GB	-	100.00	1	-	LN	04/2009	><	24	2
186.	SCITEX VISION UK LIMITED	GB	-	100.00	1	-	LN	04/2009	><	1	1
187.	SPIRITGUIDE LIMITED	GB	-	100.00	1	-	LN	04/2009	=	n.a.	<0.5
188.	SPIRITMODEL LIMITED	GB	-	100.00	1	-	LN	04/2009	=	n.a.	<0.5
189.	SYNSTAR BUSINESS CONTINUITY LIMITED	GB	-	100.00	1	-	LN	04/2009	=	n.a.	7
190.	SYNSTAR LIMITED	GB	-	100.00	1	-	LN	04/2009	=	n.a.	7
191.	TANDEM COMPUTERS	GB	-	100.00	1	-	LN	04/2009	><	n.a.	3
192.	WIDE FORMAT PRINTING, S.A. DE C.V.	MX	-	100.00	1	-	LN	04/2009	><	n.a.	n.a.
193.	HEWLETT-PACKARD FLEXTRONICS INT. CORK PARTNERSHIP	IE	99.00	n.a.	1	-	LN	04/2009	n.a.	n.a.	n.a.
194.	OSHWEGA-IRELAND MANUFACTURING PARTNERSHIP	IE	99.00	n.a.	1	-	LN	04/2009	n.a.	n.a.	n.a.
195.	HEWLETT-PACKARD IRELAND 1 LIMITED	IE	WO	WO	1	-	JO	06/2009	n.a.	<0.5	n.a.
196.	HEWLETT-PACKARD IRELAND BUSINESS CONTINUITY SERVICES LIMITED	IE	WO	WO	1	-	JO	01/2009	n.a.	n.a.	n.a.
197.	HEWLETT-PACKARD IMMOBILIEN GMBH	DE	89.00	n.a.	1	-	LN	04/2009	=	5	69
198.	HP GLOBAL HOLDINGS B V	NL	>50.00	>50.00	1	-	JO	08/2009	n.a.	n.a.	n.a.
199.	HEWLETT PACKARD, S. DE R.L. DE C.V.	MX	MO	n.a.	1	-	DB	03/2008	><	n.a.	n.a.
200.	HEWLETT-PACKARD NORDIC HOLDING AB	SE	MO	n.a.	1	-	WW	05/2009	=	n.a.	765
201.	TWINSOFT S.A.	ES	50.00	n.a.	1	-	LN	04/2009	><	9	3
202.	ESD SERVICES LIMITED	CN	15.00	n.a.	1	-	LN	04/2009	n.a.	n.a.	n.a.
203.	TECH SEMICONDUCTOR SINGAPORE PTE. LTD.	SG	7.00	n.a.	1	-	LN	04/2009	><	654	1,890

* For an insurance company the corresponding value is the Gross Premium Written and for a bank it is the Operating Income (memo).

Startbaan 16	Phone :	+31 20 5476771	Operating revenue/Turnover (2008, mil USD) :	110,886
1187 XR AMSTELVEEN	Fax :	+31 20 5477751	Net Income (2008, mil USD) :	8,536
NETHERLANDS	Date of incorporation :	2000	Employees (2008) :	16

BALANCE SHEET(mil USD)	31/10/2008	31/10/2007	31/10/2006	31/10/2005	31/10/2004
	12 months	12 months	12 months	12 months	12 months
	Cons.	Cons.	Cons.	Cons.	Cons.
ASSETS
Current Assets	38,321	56,037	55,474	46,650	33,009
Cash & Equivalents	2,294	2,989	3,573	3,004	3,374
Receivables	32,289	49,229	48,290	40,721	26,588
Other Current Assets	3,738	3,819	3,611	2,925	3,046
Fixed & Other Assets	7,592	5,612	5,690	16,400	21,294
Tangible Fixed Assets	1,765	1,991	2,044	2,187	2,413
Other Assets	5,827	3,621	3,646	14,213	18,881
Total Assets	45,913	61,649	61,164	63,050	54,302

LIABILITIES
Current Liabilities	35,188	54,481	49,015	56,022	33,497
Accounts Payable	8,621	8,595	8,335	6,574	5,628
Other Current Liabilities	26,567	45,886	40,681	49,448	27,869
Non-Current Liabilities	3,907	3,404	2,698	1,578	1,425
Long Term Debt	0	0	1,263	94	97
Other Liabilities	3,907	3,404	1,436	1,484	1,328
Shareholders' Funds	6,817	3,763	9,450	5,451	19,381
Total Liabilites & Shareholders' Funds	45,913	61,649	61,164	63,050	54,302

INCOME STATEMENT(mil USD)	31/10/2008	31/10/2007	31/10/2006	31/10/2005	31/10/2004
	12 months	12 months	12 months	12 months	12 months
	Cons.	Cons.	Cons.	Cons.	Cons.
Operating Revenue / Turnover	110,886	108,303	97,970	80,059	75,253
Cost of Goods Sold	-99,322	-97,978	-87,837	-71,652	-67,243
Operating Expenses	-4,400	-4,873	-4,583	-8,083	-8,960
Operating Income	7,164	5,452	5,550	324	-951
Financial P/L	1,824	-532	-710	-10	-657
Tax	-452	-401	-532	-498	-348
Extraordinary & Other Items	0	0	0	0	0
Net Income	8,536	4,519	4,308	-183	-1,956

EMPLOYEES	16	16	74,853	72,427	66,446

RATIOS	31/10/2008	31/10/2007	31/10/2006	31/10/2005	31/10/2004
Return on Shareholders Funds (%)	131.85	130.75	51.22	5.77	-8.29
Return on total assets (%)	19.58	7.98	7.91	0.50	-2.96
Return on Capital Employed (%)	89.83	96.59	54.20	20.10	-4.90
Profit margin (%)	8.11	4.54	4.94	0.39	-2.14
Current Ratio (x)	1.09	1.03	1.13	0.83	0.99
Solvency ratio (%)	14.85	6.10	15.45	8.64	35.69
Shareholders liquidity ratio (%)	1.74	1.11	3.50	3.45	13.60
Assets / Employee (th USD)	n.s.	n.s.	817	871	817
Net Assets Turnover (x)	10.34	15.11	8.06	11.39	3.62

MEDIAN VALUES OF THE PEER GROUP	2008	2007	2006	2005	2004
Operating Revenue / Turnover (th USD)	16,957	20,464	16,773	14,658	13,789
Operating Income (th USD)	424	533	367	275	270
Net Income (th USD)	218	322	226	136	167
Return on shareholders funds (%)	21.90	25.70	25.98	23.44	23.71
Return on capital employed (%)	22.83	23.99	22.25	20.85	22.21