Auditors' report
We have audited the consolidated financial statements prepared by Software Aktiengesellschaft, comprising the income statement, the balance sheet, the cash flow statement, the presentation of recorded income and expenses, and the notes to the consolidated financial statements, as well as the management report on the Group and on Software Aktiengesellschaft for the fiscal year from 1 January 2008 to 31 December 2008. The preparation of the consolidated financial statements and the management report on the Group and on Software Aktiengesellschaft in accordance with IFRS as adopted by the EU, and the additional requirements of German commercial law pursuant to § 315a (1) HGB, are the responsibility of the legal representatives of the Company. Our responsibility is to express an opinion on the consolidated financial statements and the management report on the Group and on Software Aktiengesellschaft on the basis of the audit performed by us.
We conducted our audit of the consolidated financial statements in accordance with § 317 HGB and German generally accepted standards for the audit of financial statements promulgated by the Institut der Wirtschaftsprüfer (IDW). Those standards require that we plan and perform the audit such that misstatements materially affecting the presentation of the net assets, financial position and results of operations in the consolidated financial statements in accordance with the applicable financial reporting framework and in the management report on the Group and on Software Aktiengesellschaft, are detected with reasonable assurance. Knowledge of the business activities and the economic and legal environment of the Group and expectations as to possible misstatements are taken into account in the determination of audit procedures. The effectiveness of the accounting-related internal control system and the evidence supporting the disclosures in the consolidated financial statements and in the management report on the Group and on Software Aktiengesellschaft are examined primarily on a test basis within the framework of the audit. The audit includes assessing the financial statements of the companies included in the consolidated financial statements, the definition of entities to be included in the consolidation, the accounting and consolidation principles used, and significant estimates made by the legal representatives as well as evaluating the overall presentation of the consolidated financial statements and the management report on the Group and on Software Aktiengesellschaft. We believe that our audit provides a reasonable basis for our opinion.
Our audit has not led to any reservations.
In our opinion, based on the findings of our audit, the consolidated financial statements have been prepared in accordance with IFRS as adopted by the EU, the additional requirements of German commercial law pursuant to § 315a (1) HGB, and give a true and fair view of the net assets, financial situation and results of operations of the Group. The management report on the Group and on Software Aktiengesellschaft is consistent with the consolidated financial statements and, as a whole provides a suitable view of the Group’s position and suitably presents the opportunities and risks of future development.
Frankfurt am Main, February 27, 2009
BDO Deutsche Warentreuhand
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
signed
Schulz
Wirtschaftsprüfer
(German Public Auditor)
signed
Sartori
Wirtschaftsprüferin
(German Public Auditor)
