Please activate JavaScript!
Please install Adobe Flash Player, click here for download

Software AG GB 2012, englisch

SOFTWARE AG | ANNUAL REPORT 2012 180 New accounting provisions with regard to which Software AG has not opted for early application The IASB has published the following standards, interpretations and amendments to standards that are not yet required to be applied and with regard to which Software AG has not opted for early application to the consolidated financial statements for the year ended December 31, 2012. The application of these IFRSs requires (except the amendments of IAS 19 that have already been endorsed by the EU for European law) that they be adopted by the EU as part of the IFRS endorsement process. In November 2009, the IASB issued IFRS 9 “Financial Instruments.” IFRS 9 changes the recognition and measurement criteria for financial assets, including various types of hybrid contracts. The new standard is intended to replace IAS 39 and uses a single approach to determine whether a financial asset is measured at amortized cost or fair value. As Software AG currently does not hold any assets available for sale, we do not expect any impact from this change. IFRS 9 also requires a single impairment method to be used. Based on current expectations, this will not have any impact for Software AG. The effective date for mandatory adoption of IFRS 9 is January 1, 2013. Early adoption is permitted. The IASB published IAS 19 “Employee Benefits” (revised version) in June 2011. It requires companies to recognize actuarial gains and losses in “other comprehensive income.” The corridor approach is thus no longer permitted. Because Software AG does not use the corridor approach and its actuarial gains and losses are already recognized in other comprehensive income, this amendment does not affect Software AG. Due to Software AG’s insignificant volume of pension obligations, the additional amendments, e.g. the applica- tion of a uniform interest rate for the expected return on plan assets and the interest expenses on pension obligations, are not expected to have a significant impact on Software AG. In addition, the IASB and the IFRIC have issued a number of other pronouncements that were not yet required to be applied as of December 31, 2012. However, Software AG does not expect these changes to have a significant impact on the consolidated financial statements.