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Software AG GB 2012, englisch

SOFTWARE AG | ANNUAL REPORT 2012 68 GROUP MANAGEMENT REPORT 68 GROUP MANAGEMENT REPORT 69 _THE SOFTWARE AG GROUP 78 _ECONOMIC CONDITIONS 80 _BUSINESS TREND AND ECONOMIC SITUATION 82 _FINANCIAL PERFORMANCE 89 _FINANCIAL POSITION 92 _FINANCIAL STATEMENTS OF SOFTWARE AG (PARENT COMPANY) 95 _ADDITIONAL EARNINGS-RELATED FACTORS 95 _RESEARCH AND DEVELOPMENT 109 _CUSTOMERS AND SALES 112 _PARTNER NETWORK 114 _EMPLOYEES 120 _SOCIAL RESPONSIBILITY 125 _TAKEOVER-RELATED DISCLOSURES 127 _REMUNERATION REPORT 139 _RISK REPORT 149 _EVENTS AFTER THE BALANCE SHEET DATE 151 _FORECAST

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