M. M. Warburg Bank (Schweiz) AG

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Year	Equity	Capital	Reserves	Balance
2002	15,010	15,000	10	85,952
2003	15,290	15,000	290	76,296
2004	16,190	15,000	1,190	84,470
2005	16,640	15,000	1,640	122,118
2006	17,550	15,000	2,550	104,176