CBG: Income Statement for CB RICHARD ELLIS GRP

PERIOD ENDING		30-Sep-08	30-Jun-08	31-Mar-08	31-Dec-07
Total Revenue		1,299,735	1,314,873	1,230,925	1,837,116
Cost of Revenue		755,362	737,205	704,446	967,588

Gross Profit		544,373	577,668	526,479	869,528

	Operating Expenses
	Research Development	-	-	-	-
	Selling General and Administrative	420,352	468,839	432,345	638,592
	Non Recurring	(9,766)	(4,042)	-	8,884
	Others	25,412	25,022	23,802	30,079

	Total Operating Expenses	-	-	-	-


Operating Income or Loss		108,375	87,849	70,332	191,973

	Income from Continuing Operations
	Total Other Income/Expenses Net	4,400	(126)	5,226	8,082
	Earnings Before Interest And Taxes	110,139	78,453	69,921	229,362
	Interest Expense	42,290	41,560	43,005	38,419
	Income Before Tax	67,849	36,893	26,916	190,943
	Income Tax Expense	37,701	20,330	6,462	71,131
	Minority Interest	772	2,482	5,125	552

	Net Income From Continuing Ops	30,148	16,563	20,454	119,812

	Non-recurring Events
	Discontinued Operations	10,225	-	-	2,634
	Extraordinary Items	-	-	-	-
	Effect Of Accounting Changes	-	-	-	-
	Other Items	-	-	-	-


Net Income		40,373	16,563	20,454	122,446
Preferred Stock And Other Adjustments		-	-	-	-

Net Income Applicable To Common Shares		$40,373	$16,563	$20,454	$122,446

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