Revenues and pre-tax earnings per quarter were as follows in fiscal 2007:
|in € thousands||Q1 2007||Q2 2007||Q3 2007||Q4 2007||2007|
|in % of annual revenue||25.2||24.4||23.1||27.3||100.0|
|Earnings before taxes||28,163||37,946||30,412||40,570||137,091|
|in % of net income for the year||20.5||27.7||22.2||29.6||100.0|
In order to show seasonal influences, the revenues of SPL Software Ltd., Israel from January 1, 2007 through March 31, 2007 as well as the revenues of webMethods, Inc., USA from January 1, 2007 through May 24, 2007 were added to the revenues of the Software AG Group. Prior years showed a similar structure of revenues per quarter, which primarily reflects the purchasing behavior of our customers.
Pre-tax earnings show unadjusted values for the Software AG Group, excluding minority interests of acquired companies from the beginning of the year up to the date of acquisition. Because of the acquisitions of these companies and the cost synergies achieved during fiscal year 2007, the presentation does not reflect the normalized profit allocation. For this reason, no forward-looking statements can be derived from this profit allocation.
Given the forward-looking nature of these disclosures, the presentation of the previous year’s figures was omitted.
|in € thousands||Sept. 30, 2008||Dec. 31, 2007||Sept. 30, 2007|
The carrying amount of collateral received is €521 thousand (Q3 2007: €0 thousand).
The Company has entered into rent and lease agreements for buildings, land, computer and telephone equipment, and vehicles. The obligations under these agreements for their remaining non-cancelable terms up until the end of fiscal 2008 amount to €3,233 thousand (Q3 2007: €2,751 thousand). Obligations of €46,506 thousand exist for the period up until the end of fiscal year 2013 (Q3 2007: €38,608 thousand until the end of fiscal 2012), and obligations of €6,658 thousand for the period after fiscal 2013 (Q3 2007: €8,844 thousand for the period after fiscal 2012). The lease agreements are operating leases as defined in IAS 17.
Software AG has two different stock option plans for members of the Executive Board, officers, and employees of the Group. For a detailed description of our share-based payment programs, please refer to pages 91 – 93 of our 2007 Annual Report.
The expenses for stock options which were accounted for as equity-settled stock option programs in accordance with IFRS 2 for the first three quarters of 2008 amount to €1,077 thousand (Q1-3 2007: €2,523 thousand), of which €197 thousand related to the third quarter (Q3 2007: €1,041 thousand).
The expenses for stock options which were accounted for as cash-settled stock option programs in accordance with IFRS for the first three quarters of 2008 amount to €2,274 thousand (Q1-3 2007: €0 thousand), of which €666 thousand related to the third quarter (Q3 2007: €0 thousand).
The number of stock options outstanding has changed as follows since December 31, 2007:
|in € thousands||Balance as
of Dec. 31,
of Sep. 30,
as of Sep. 30,
plan from 2007