Valiant Privatbank AG

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Year	Equity	Capital	Reserves	Balance
2002	63,550	20,000	43,550	521,477
2003	67,100	20,000	47,100	521,751
2004	74,650	20,000	54,650	632,713
2005	82,800	20,000	62,800	818,521
2006	94,700	20,000	74,700	944,845