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

Software AG GB 2012, englisch

213 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 OTHER DISCLOSURES [27] Notes to the Statement of Cash Flows Cash funds amounting to €315,637 thousand (2011: €216,479 thousand) comprise both cash and cash equivalents. Cash funds include cash and cash equivalents amounting to €8,720 thousand which were held by the sales subsidiary in Venezuela. Due to current legal limitations relating to foreign currency transactions in Venezu- ela, Software AG has only limited access to these funds. Dividends paid reported in the Statement of Cash Flows include dividend payments of €187 thousand to minority shareholders of subsidiaries. Net payments for acquisitions amounted to €17,963 thousand in 2012 (2011: €59,210 thousand) and resulted from €18,940 thousand in consideration paid less €977 thousand in cash and cash equivalents received. Software AG defines free cash flow as cash flow from operating activities less cash flow from investing activities, not including net cash outflows for acquisitions. Accordingly, free cash flow amounted to €170,749 thousand (2011: €187,697 thousand). [28] Segment reporting NOTES ON SEGMENT REPORTING The segment report is prepared in accordance with IFRS 8 Operating Segments. Segmentation is in accor- dance with internal control and reporting lines in the Group (management approach). Software AG therefore reports on the following three segments: • Business Process Excellence (BPE: business process management) with the webMethods and ARIS product families • Enterprise Transaction Systems (ETS: data management) with the ADABAS-Natural product families • IDS Scheer Consulting with a focus on SAP consulting