4. Capital Management

The goal of the Group with regards to capital management is to support the business with a sustainable and risk adjusted capital basis and to achieve an accurate return on the invested capital. The Group assesses the capital structure on an ongoing basis and makes adjustments in view of the business activities and the changing economical environment.

The Group monitors its capital based on the ratio of shareholders' equity in percentage to total assets, which was 53.8% as of December 31, 2014 (67.9% in 2013).

The goals and procedures as of December 31, 2014, related to capital management have not been changed compared to the previous year.