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Software AG GB 2013. englisch

NotestotheConsolidatedFinancialStatements Changes in the consolidated group The number of consolidated entities changed as compared to December 31, 2012 as follows: The additions resulted from the acquisitions and two new openings as described in Note [4]. The disposals resulted from the merger and liquidation of consolidated enterprises. [3] Accounting Policies Use of estimates In the preparation of the consolidated financial statements, estimates and assumptions are made for certain items that have an impact on the recognition and measurement of recognized assets, liabilities, income, expenses and contin- gent liabilities. These estimates and assumptions are based on historical data and are reviewed on an ongoing basis. Actual amounts may differ from the estimates made. The primary areas of application for estimates and assumptions are revenue recognition, measurement of trade receivables, acquisition accounting, subsequent accounting of goodwill and other intangible assets and accounting for income taxes and deferred taxes. Principles of consolidation The separate financial statements of the entities included in the consolidated financial statements were prepared in accordance with uniform accounting policies pursuant to Germany Foreign Total Dec. 31, 2012 10 85 95 Additions 3 5 8 Disposals (including mergers) 1 13 14 Dec. 31, 2013 12 77 89 IFRS as of the balance sheet date for the consolidated finan- cial statements (December 31, 2013). The initial consolidation method applied to business combi- nations was based on the respective date of foundation in the case of companies founded by Software AG. Acquired companies are included for the first time on the date ­Software AG achieves control. Changes in ownership interests that do not lead to a loss of control are excluded from income and reported within equity. Since the transition to IFRS on January 1, 2003, goodwill previously recognized in line with the Commercial Code has been measured in accordance with IAS 36. Revenue, expenses and income and receivables and ­payables arising between consolidated entities have been eliminated. Intercompany earnings are eliminated where they have not arisen from services to third parties. Group equity and net income attributable to minority interests are reported separately from equity and net income attributable to the shareholders of the parent company. Currency translation Financial statements of foreign subsidiaries are translated in accordance with the functional currency concept using the modified closing rate as set out in IAS 21. Since the subsidiaries operate independently from an organizational, financial and business standpoint, the respective local ­currency is identical with the functional currency. Income and expenses are translated at the relevant monthly average rate. Assets and liabilities are translated at the ­closing rate. And the respective equity of the subsidiaries is translated at historical rates. Currency translation differences arising from equity con­ solidation are offset against equity and reported in a sepa- rate line item in the Statement of Changes in Equity. In the schedule of changes in property, plant and equipment, the balances at the beginning and the end of the fiscal year are translated at the applicable closing rates, and other items are translated at average rates. Any differences arising from exchange rate fluctuations are shown as currency translation differences as a separate line item under both “cost” and “accumulated depreciation/impairment.” 141 Corporate Governance Report of the Supervisory Board Group Management Report Consolidated Financial Statements Additional Information Notes General Notes to the Consolidated Income Statement Notes to the Consolidated Balance Sheet Other Disclosures Responsibility Statement Auditors’ Report