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

Software AG GB 2012, englisch

197 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 [19] Deferred taxes Deferred taxes were composed of the following as of the balance sheet date (before offsetting): in €thousands Deferred tax assets Deferred tax liabilities Dec. 31, 2012 Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2011 Intangible assets 6,696 8,520 63,853 76,378 Other obligations 10,269 11,811 4,405 5,732 Receivables and financial assets 6,358 4,318 7,119 8,169 Property, plant and equipment 391 414 4,635 4,685 Pension commitments 9,125 6,257 0 0 Prepaid expenses/deferred income 4,581 1,790 20 485 Tax loss carryforwards 32,445 44,324 – – Total 69,865 77,434 80,032 95,449 Amount offset -53,203 -58,703 -53,203 -58,703 Amount recognized in the balance sheet 16,662 18,731 26,829 36,746 Deferred tax assets on tax loss carryforwards fell from the prior year by €11,879 thousand. The increase resulted from ongoing consumption of the loss carryforwards as they are offset against taxable income and the appropriate subsequent capitalization based on future income expectations. As of December 31, 2012, the consolidated Group had unutilized tax loss carryforwards in the amount of €63,505 thousand (2011: €88,532 thousand) for which no deferred tax assets have been recognized. Of the losses carried forward for which no deferred taxes were recognized, €13,914 thousand will expire in the period from 2013 to 2021, €29,768 thousand in the period from 2022 to 2031, and €19,823 thousand can be utilized indefinitely. As of the reporting date, taxable temporary differences associated with investments in subsidiaries existed in the amount of €4,753thousand (2011: €6,637thousand), on which no deferred tax liabilities had been recognized in accordance with IAS 12.39 given that neither disposals nor future profit distributions are planned. In fiscal year 2012, deferred taxes totaling €8,893 thousand (2011: €5,705 thousand) were recognized directly in equity. These amounts mainly resulted from actuarial gains/losses recognized directly in equity based on changes in the measurement of pension obligations as well as from financial instruments also recognized directly in equity.

Pages