Source : Amadeus Database (Bureau van Dijk) Update :July, 2008July, 2008

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

Startbaan 16 Phone : +31 20 5476771 Operating revenue/Turnover (2006, mil USD) : 97,970

1187 XR AMSTELVEEN Fax : +31 20 5477751 Net Income (2006, mil USD) : 4,308

NETHERLANDS Date of incorporation : 2000 Employees (2006) : 74,853

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 :

For comparison purposes the financials of this company are compared to the values of a default Peer Group.
This group includes 2834 companies selected in the group (5184 VL)


ILLUSTRATION OF THE EVOLUTION OF THREE KEY ITEMS

BALANCE SHEET(mil USD) 31/10/2006 31/10/2005 31/10/2004 31/10/2003

12 months 12 months 12 months 12 months

Cons. Cons. Cons. Cons.

   ASSETS

Current Assets 55,474 46,650 33,009 34,218

Cash & Equivalents 3,573 3,004 3,374 3,604

Receivables 48,290 40,721 26,588 28,086

Other Current Assets 3,611 2,925 3,046 2,527

Fixed & Other Assets 5,690 16,400 21,294 25,228

Tangible Fixed Assets 2,044 2,187 2,413 2,334

Other Assets 3,646 14,213 18,881 22,894

Total Assets 61,164 63,050 54,302 59,446

   LIABILITIES

Current Liabilities 49,015 56,022 33,497 30,974

Accounts Payable 8,335 6,574 5,628 5,396

Other Current Liabilities 40,681 49,448 27,869 25,578

Non-Current Liabilities 2,698 1,578 1,425 1,257

Long Term Debt 1,263 94 97 60

Other Liabilities 1,436 1,484 1,328 1,197

Shareholders' Funds 9,450 5,451 19,381 27,215

Total Liabilites & Shareholders' Funds 61,164 63,050 54,302 59,446

INCOME STATEMENT(mil USD) 31/10/2006 31/10/2005 31/10/2004 31/10/2003

12 months 12 months 12 months 12 months

Cons. Cons. Cons. Cons.

Operating Revenue / Turnover 97,970 80,059 75,253 59,106

Cost of Goods Sold -87,837 -71,652 -67,243 -50,381

Operating Expenses -4,583 -8,083 -8,960 -11,593

Operating Income 5,550 324 -951 -2,868

Financial P/L -710 -10 -657 167

Tax -532 -498 -348 -531

Extraordinary & Other Items 0 0 0 0

Net Income 4,308 -183 -1,956 -3,232

EMPLOYEES 74,853 72,427 66,446 62,647

RATIOS 31/10/2006 31/10/2005 31/10/2004 31/10/2003

Return on Shareholders Funds (%) 51.22 5.77 -8.29 -9.92

Return on total assets (%) 7.91 0.50 -2.96 -4.54

Return on Capital Employed (%) 54.20 20.10 -4.90 -6.95

Profit margin (%) 4.94 0.39 -2.14 -4.57

Current Ratio (x) 1.13 0.83 0.99 1.10

Solvency ratio (%) 15.45 8.64 35.69 45.78

Shareholders liquidity ratio (%) 3.50 3.45 13.60 21.66

Assets / Employee (th USD) 817 871 817 949

Net Assets Turnover (x) 8.06 11.39 3.62 2.08

MEDIAN VALUES OF THE PEER GROUP 2006 2005 2004 2003

Operating Revenue / Turnover (th USD) 15,287 13,225 12,864 10,824

Operating Income (th USD) 292 232 219 199

Net Income (th USD) 169 109 124 96

Return on shareholders funds (%) 28.23 26.84 26.38 27.14

Return on capital employed (%) 24.70 22.87 22.72 23.28

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	><	104,286	88,699

Domestic Ultimate Owner
-	HEWLETT-PACKARD ALMELO B.V.	NL	F	-	100.00	VD	01/2008	><	n.a.	12,890

Shareholders
1.	HEWLETT-PACKARD LUXEMBOURG INTERNATIONAL SARL	LU	C	100.00	100.00	LN	06/2008	=	n.a.	5,127

* 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	01/2008	><	n.a.	<0.5
2.	BLAZE PRINTING B.V.	NL	100.00	100.00	1	-	LN	04/2008	><	9	12
3.	BLAZE PRINTING HOLDINGS LIMITED	CY	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
4.	BLAZE PRINTING SAF (PTY) LTD	ZA	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
5.	BOMBINI INVESTMENTS NV	AN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
6.	CEC EUROPE SERVICE MANUFACTURING LTD.	GB	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
7.	COMPAQ (CHINA) INVESTMENT CO. LTD.	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
8.	COMPAQ ASIA FULLFILL CENTER PTE LTD	SG	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
9.	COMPAQ COMPUTER (MAURITIUS) LTD	MU	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
10.	COMPAQ COMPUTER (SHANGHAI) COMPANY LTD.	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
11.	COMPAQ COMPUTER (SHENZHEN) CO LTD.	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
12.	COMPAQ COMPUTER AP SINGAPORE PTE LTD	SG	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
13.	COMPAQ COMPUTER ASIA PTE LTD	SG	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
14.	COMPAQ COMPUTER AUSTRALIA PTY LTD	AU	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
15.	COMPAQ COMPUTER C MALAYSIA SDN BHD	MY	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
16.	COMPAQ COMPUTER COSTUMER SUPPORT CTR GMBH	DE	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
17.	COMPAQ COMPUTER DEUTSCHLAND GMBH (HOLDING)	DE	100.00	100.00	1	-	LN	01/2008	><	20	207
18.	COMPAQ COMPUTER EGYPT LTD	EG	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
19.	COMPAQ COMPUTER HONG KONG LTD	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
20.	COMPAQ COMPUTER TECHNOLOGIES (CHINA) CO LTD	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
21.	COMPAQ COMPUTER UK ENTERPRISE LIMITED	GB	100.00	100.00	1	-	LN	01/2008	><	200	63
22.	COMPAQ S. DE R.L. DE CV	MX	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
23.	COMPAQ TRADEMARK B.V.	NL	100.00	100.00	1	-	LN	04/2008	n.a.	n.a.	n.a.
24.	COMPAQ VENTURES SINGAPORE	SG	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
25.	COMPQ1 SAS FRANCE	FR	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
26.	DIGITAL EQUIPMENT COMPANY LIMITED	GB	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
27.	DIGITAL EQUIPMENT CORPORATION (PROPRIETARY) LIMITED	ZA	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
28.	DIGITAL EQUIPMENT INTERNATIONAL BETRIEBLICHE GMBH	DE	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
29.	DPTECHNOLOGIES B.V.	NL	100.00	100.00	1	-	LN	04/2008	><	4	<0.5
30.	EURYTE WIRELESS HOLDINGS NV	AN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
31.	EXTRICITY HOLDING B.V.	NL	100.00	100.00	1	-	LN	04/2008	><	n.a.	n.a.
32.	FH COMPUTER SERVICES LTD.	GB	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
33.	GENEVA INVESTMENTS NV	AN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
34.	GLOBAL E-BUSINESS OPERATIONS CENTRE SRL	RO	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
35.	GLOBAL E-BUSINESS OPS SP. Z.O.O.	PL	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
36.	GLOBAL SERVICES SRL	AR	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
37.	HANOVER ASIA PACIFIC INVESTMENTS LIMITED	MU	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
38.	HEWLETT PACKARD CENTRO AMERICA CAC LTDA	CR	100.00	100.00	1	-	LN	01/2008	><	n.a.	n.a.
39.	HEWLETT PACKARD HOLDING FRANCE	FR	100.00	100.00	1	-	LN	01/2008	=	n.a.	43
40.	HEWLETT PACKARD INNOVATION IBERIA S.L.	ES	100.00	100.00	1	-	IN	03/2008	n.a.	n.a.	n.a.
41.	HEWLETT-PACKARD (CHINA) INVESTMENT LTD	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
42.	HEWLETT-PACKARD (ISRAEL) LTD	IL	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
43.	HEWLETT-PACKARD (MACAU) LTD	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
44.	HEWLETT-PACKARD (SHANGHAI) TRADING CO LTD	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
45.	HEWLETT-PACKARD 1997 SOUTH AFRICA (PROP.) LTD	ZA	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
46.	HEWLETT-PACKARD AP (HONG KONG) LTD.	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
47.	HEWLETT-PACKARD AUSTRALIA CONS. PTY LTD	AU	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
48.	HEWLETT-PACKARD AUSTRALIA GROUP HOLDING PTY	AU	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
49.	HEWLETT-PACKARD AUSTRALIA HOLDINGS PTY LTD	AU	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
50.	HEWLETT-PACKARD CARIBE B.V.	NL	100.00	100.00	1	-	LN	04/2008	n.a.	n.a.	n.a.
51.	HEWLETT-PACKARD CARIBE Y. ANDINA B.V.	NL	100.00	100.00	1	-	LN	04/2008	n.a.	n.a.	n.a.
52.	HEWLETT-PACKARD CENTRAL EASTERN EUROPEAN HOLDING GMBH	AT	100.00	100.00	1	-	CR	06/2008	=	n.a.	805
53.	HEWLETT-PACKARD CERVIN SARL	CH	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
54.	HEWLETT-PACKARD DE MEXICO, SA DE CV	MX	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
55.	HEWLETT-PACKARD DEVENTER B.V.	NL	100.00	100.00	1	-	LN	04/2008	><	n.a.	n.a.
56.	HEWLETT-PACKARD DISTRIBUTED COMPUTING SERV. S.R.L.	IT	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
57.	HEWLETT-PACKARD EDAM B.V.	NL	100.00	100.00	1	-	LN	04/2008	><	n.a.	n.a.
58.	HEWLETT-PACKARD EL DJAZAIR SARL	DZ	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
59.	HEWLETT-PACKARD EMEA GMBH	DE	100.00	100.00	1	-	LN	01/2008	><	120	93
60.	HEWLETT-PACKARD EQUITY SPAIN ETVE S.L.	ES	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
61.	HEWLETT-PACKARD EUROPA INVESTMENTS LIMITED	GB	100.00	100.00	1	-	LN	01/2008	><	n.a.	645
62.	HEWLETT-PACKARD EUROPE B.V.	NL	100.00	100.00	1	-	LN	05/2008	n.a.	36,237	29,077
63.	HEWLETT-PACKARD GLOBAL DELIVERY BULGARIA CENTRE EOOD	BG	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
64.	HEWLETT-PACKARD GOUDA B.V.	NL	100.00	100.00	1	-	LN	04/2008	><	n.a.	n.a.
65.	HEWLETT-PACKARD HAARLEM B.V.	NL	100.00	100.00	1	-	LN	04/2008	><	n.a.	n.a.
66.	HEWLETT-PACKARD HK SAR LTD	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
67.	HEWLETT-PACKARD HOLDINGS LIMITED	GB	100.00	100.00	1	-	LN	01/2008	><	5,396	2,577
68.	HEWLETT-PACKARD HONG KONG LTD	CN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
69.	HEWLETT-PACKARD INDUSTRIAL PRINTING LTD	IL	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
70.	HEWLETT-PACKARD INTERNATIONAL TRADE B.V.	NL	100.00	100.00	1	-	LN	04/2008	><	n.a.	n.a.
71.	HEWLETT-PACKARD INVESTMENTS II CO	CA	100.00	100.00	1	-	LN	01/2008	><	<0.5	n.a.
72.	HEWLETT-PACKARD IRELAND 1 LIMITED	IE	100.00	100.00	1	-	LN	01/2008	n.a.	<0.5	n.a.
73.	HEWLETT-PACKARD IRELAND BUSINESS CONDUCT SERVICES LTD	IE	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
74.	HEWLETT-PACKARD IRELAND LIMITED	IE	100.00	100.00	1	-	LN	01/2008	n.a.	<0.5	n.a.
75.	HEWLETT-PACKARD ISO PR. LTD	IN	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
76.	HEWLETT-PACKARD KELLS MANUFACTURING KFT	HU	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
77.	HEWLETT-PACKARD LEMAN SARL	CH	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
78.	HEWLETT-PACKARD MAGYARORSZ�G SZ�M�T�STECHNIKAI �S ELEKTRONIKAI BERENDEZ�SEKET FORGALMAZ� �S SZOLG�LT	HU	100.00	100.00	1	-	LN	01/2008	><	n.a.	66
79.	HEWLETT-PACKARD MALAYSIA TECHN. SDN BHD	MY	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
80.	HEWLETT-PACKARD MANUFACTURING (THAILAND) CO LTD	TH	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
81.	HEWLETT-PACKARD MARIGALANTE LTD	KY	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
82.	HEWLETT-PACKARD M�XICO, S. DE R.L. DE C.V.	MX	100.00	100.00	1	-	LN	01/2008	><	3,430	n.a.
83.	HEWLETT-PACKARD MIDDELBURG B.V.	NL	100.00	100.00	1	-	LN	04/2008	n.a.	n.a.	n.a.
84.	HEWLETT-PACKARD MULTIMEDIA SDN BHD	MY	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
85.	HEWLETT-PACKARD NIGERIA LTD	NG	100.00	100.00	1	-	LN	01/2008	n.a.	n.a.	n.a.
86.	HEWLETT-PACKARD OMS (ISRAEL) LTD	IL	100.00

Startbaan 16	Phone :	+31 20 5476771	Operating revenue/Turnover (2006, mil USD) :	97,970
1187 XR AMSTELVEEN	Fax :	+31 20 5477751	Net Income (2006, mil USD) :	4,308
NETHERLANDS	Date of incorporation :	2000	Employees (2006) :	74,853

BALANCE SHEET(mil USD)	31/10/2006	31/10/2005	31/10/2004	31/10/2003
	12 months	12 months	12 months	12 months
	Cons.	Cons.	Cons.	Cons.
ASSETS
Current Assets	55,474	46,650	33,009	34,218
Cash & Equivalents	3,573	3,004	3,374	3,604
Receivables	48,290	40,721	26,588	28,086
Other Current Assets	3,611	2,925	3,046	2,527
Fixed & Other Assets	5,690	16,400	21,294	25,228
Tangible Fixed Assets	2,044	2,187	2,413	2,334
Other Assets	3,646	14,213	18,881	22,894
Total Assets	61,164	63,050	54,302	59,446

LIABILITIES
Current Liabilities	49,015	56,022	33,497	30,974
Accounts Payable	8,335	6,574	5,628	5,396
Other Current Liabilities	40,681	49,448	27,869	25,578
Non-Current Liabilities	2,698	1,578	1,425	1,257
Long Term Debt	1,263	94	97	60
Other Liabilities	1,436	1,484	1,328	1,197
Shareholders' Funds	9,450	5,451	19,381	27,215
Total Liabilites & Shareholders' Funds	61,164	63,050	54,302	59,446

INCOME STATEMENT(mil USD)	31/10/2006	31/10/2005	31/10/2004	31/10/2003
	12 months	12 months	12 months	12 months
	Cons.	Cons.	Cons.	Cons.
Operating Revenue / Turnover	97,970	80,059	75,253	59,106
Cost of Goods Sold	-87,837	-71,652	-67,243	-50,381
Operating Expenses	-4,583	-8,083	-8,960	-11,593
Operating Income	5,550	324	-951	-2,868
Financial P/L	-710	-10	-657	167
Tax	-532	-498	-348	-531
Extraordinary & Other Items	0	0	0	0
Net Income	4,308	-183	-1,956	-3,232

EMPLOYEES	74,853	72,427	66,446	62,647

RATIOS	31/10/2006	31/10/2005	31/10/2004	31/10/2003
Return on Shareholders Funds (%)	51.22	5.77	-8.29	-9.92
Return on total assets (%)	7.91	0.50	-2.96	-4.54
Return on Capital Employed (%)	54.20	20.10	-4.90	-6.95
Profit margin (%)	4.94	0.39	-2.14	-4.57
Current Ratio (x)	1.13	0.83	0.99	1.10
Solvency ratio (%)	15.45	8.64	35.69	45.78
Shareholders liquidity ratio (%)	3.50	3.45	13.60	21.66
Assets / Employee (th USD)	817	871	817	949
Net Assets Turnover (x)	8.06	11.39	3.62	2.08

MEDIAN VALUES OF THE PEER GROUP	2006	2005	2004	2003
Operating Revenue / Turnover (th USD)	15,287	13,225	12,864	10,824
Operating Income (th USD)	292	232	219	199
Net Income (th USD)	169	109	124	96
Return on shareholders funds (%)	28.23	26.84	26.38	27.14
Return on capital employed (%)	24.70	22.87	22.72	23.28