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Software AG GB 2012, englisch

SOFTWARE AG | ANNUAL REPORT 2012 164 GENERAL [1] Basis of presentation Software AG’s consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as promulgated by the International Accounting Standards Board (IASB) and as applicable in the EU and in accordance with the additional provisions required under German commercial law as set forth in Section 315a (1) of the German Commercial Code (HGB). The IFRSs applicable as of December 31, 2012 were observed, as were the interpretations of the International Financial Reporting Interpretations Committee (IFRIC–formerly SIC). Software AG is a registered stock corporation under German law with registered offices in Darmstadt. It is the parent company of a Group that is globally active in the fields of software development, licensing and maintenance as well as IT services. The functional currency of Software AG is the euro. The consolidated financial statements of Software AG are expressed in thousands of euros unless otherwise stated. [2] Scope of consolidation The consolidated financial statements include Software AG and all of the entities it controls. Control is generally considered to exist if Software AG directly or indirectly controls the majority of voting rights of an entity’s subscribed capital and/or is in a position to govern the financial and operating policies of a company. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS