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Software AG GB 2012, englisch

185 06 HIGHLIGHTS 08 LETTER FROM THE MANAGEMENT BOARD 12 THE COMPANY 38 SOFTWARE AG SHARE 46 CORPORATE GOVERNANCE 58 REPORT OF THE SUPERVISORY BOARD 68 GROUP MANAGEMENT REPORT 155 CONSOLIDATED FINANCIAL STATEMENTS 245 FURTHER INFORMATION CONSOLIDATED INCOME STATEMENT 156 STATEMENT OF COMPREHENSIVE INCOME 157 CONSOLIDATED BALANCE SHEET 158 CONSOLIDATED STATEMENT OF CASH FLOWS 160 CONSOLIDATED STATEMENT OF CHANGES 162 IN EQUITY NOTES TO THE CONSOLIDATED FINANCIAL 164 STATEMENTS RESPONSIBILITY STATEMENT 243 AUDITORS‘ REPORT 245 The income tax expense of €66,820 thousand for fiscal year 2012 (2011: €71,110 thousand) is €5,543 thou- sand lower than the expected income tax expense of €72,273 thousand (2011: €77,500 thousand) that resulted from applying the domestic tax rate of 31.22 percent currently applicable (2011: 31.21 percent) at Group level. The effective tax rate for the Group is 28.86 percent (2011: 28.64 percent). The difference between the expected and actual tax expense can be attributed to the following: in €thousands 2012 2011 Earnings before income tax 231,497 248,319 Expected income tax (31.22%; 31.21%) -72,273 -77,500 Difference vs. foreign tax rates and changes in tax rates -3,705 -7,682 Income tax income/expense from other periods 8,314 6,544 Tax increases (-) due to tax-exempt income or non-tax deductible expenses 1,161 -3,016 Use of tax loss carryforwards and changes in valuation adjustments to deferred tax assets 1,288 10,153 Non-deductible foreign and withholding taxes -939 0 Other adjustments -666 391 Reported income tax expense -66,820 -71,110 [10] Other taxes Other taxes decreased by €2,953 thousand to €8,022 thousand (2011: €10,975 thousand) and included royalty-related indirect taxes in Brazil, property taxes, vehicle taxes and other indirect taxes.

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