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Software AG GB 2012, englisch

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 91 BALANCE SHEET STRUCTURE AND KEY FINANCIAL INDICATORS The Software AG Group’s total assets increased from €1,680.7 million in 2011 to €1,771.9 million in 2012. Our balance sheet structure underwent some additional positive changes in 2012 compared to the year before. On the assets side, current assets increased from €574.3 mil- lion to €675.8 million. Cash and cash equivalents went up by about €100 million. Non-current assets were €1,096.0 million in 2012 compared to €1,106.4 million in 2011 and thus basi- cally stable. Goodwill at €756.4 million (2011: €752.2 million) and intangible assets at €214.4 million (2011: €248.2 mil- lion) accounted for the largest portion, which resulted pri- marily from past corporate acquisitions. In fiscal 2012 Soft- ware AG acquired technology provider my-Channels based in London. Cash and cash and cash equivalents again rose last year, by €99.2 million, to €315.7 million. Due to positive cash flow Software AG’s net liquidity went up from €-60.9 million at the end of 2011 to €49.6 million on Decem- ber 31, 2012. On the liabilities side, financial liabilities decreased by €11.4 million. Net debt at the end of 2011, primarily a result of acquisitions, was repaid on schedule. Shareholders’ equity also performed well, increasing by some €108.6 million and thereby surpassing one billion euros in 2012. This resulted in an equity ratio of 59.8 percent (2011: 56.6 percent). CONSOLIDATED BALANCE SHEET Assets in € millions Liabilities in € millions THE SOFTWARE AG GROUP 69 ECONOMIC CONDITIONS 78 BUSINESS TREND AND ECONOMIC SITUATION 80 FINANCIAL PERFORMANCE 82 FINANCIAL POSITION 89 FINANCIAL STATEMENTS OF SOFTWARE AG 92 (PARENT COMPANY) ADDITIONAL EARNINGS-RELATED FACTORS 95 TAKEOVER-RELATED DISCLOSURES 125 REMUNERATION REPORT 127 RISK REPORT 139 EVENTS AFTER THE BALANCE SHEET DATE 149 FORECAST 151 1,039.0 1,069.2 216.5 315.7 1,680.7 1,771.9 317,9 341.3 77.175.9 Dec. 31, 2012 Dec. 31, 2011 Cash and cash equivalents Trade receivables Inventories & other assets Fixed assets (goodwill €756.4/ 2011: €752.2) Financial liabilities Other liabilities Deferred income Shareholders‘ equity (ratio 59.8%/ 2011: 56.6%) 1,060.1 951.5 277.4 266.0 1,680.7 1,771.9 345.9 333.9 105.9 111.9 Dec. 31, 2012 Dec. 31, 2011

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