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Software AG GB 2012, englisch

SOFTWARE AG | ANNUAL REPORT 2012 198 [20] Financial liabilities Financial liabilities can be broken down as follows: in €thousands Dec. 31, 2012 Dec. 31, 2011 Current financial liabilities Other financial liabilities 46,182 4,457 Liabilities to banks 6,008 21,166 Bills payable 378 448 Liabilities from finance leases 4 7 Other current financial liabilities 0 10 52,572 26,088 Non-current financial liabilities Liabilities to banks 210,310 203,181 Other financial liabilities 3,000 48,000 Liabilities from finance leases 130 97 213,440 251,278 Liabilities to banks and other loans had the following maturities as of the reporting date: in €thousands Up to 1 year More than 1 year Loans with variable interest rates 5,186 73,432 Loans with fixed interest rates 47,004 139,878 52,190 213,310 The fair values of the liabilities to banks with variable interest rates are equal to their carrying amounts. The fair values of the liabilities with fixed interest rates amounted to €191,223 thousand. The fair values were calculated by discounting the future cash flows using current market rates.

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