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Software AG GB 2013. englisch

NotestotheConsolidatedFinancialStatements Sales, marketing and distribution expenses Sales, marketing and distribution expenses include costs for personnel, materials, depreciation allocated to the sales cost center and advertising costs. General and administrative expenses General and administrative expenses include costs for per- sonnel, materials and depreciation allocated to the admin- istration cost center. Government grants Government grants are not recognized until there is reason- able assurance that the conditions attached to them will be complied with and that the grant will be received by ­Software AG. This is normally the case upon receipt of ­payment. Government grants are reported under “other income.” If loans from the government are granted at an interest rate below the market rate, the interest-rate advantage is valued as the difference between the original carrying amount of the loan, calculated in accordance with IAS 39, and the payments received. The interest-rate advantage is recog- nized under “other income,” as soon as all conditions for receiving the government grant have been met. Borrowing costs Borrowing costs that are directly attributable to the acqui- sition, construction or production of a qualifying asset are capitalized as part of the cost of the asset. Other borrowing costs are recognized as an expense for the period in which they were incurred. Share-based payment In accordance with IFRS 2, share-based payment trans­ actions are divided into cash-settled and equity-settled transactions. Both types of payment transactions are ­measured at their fair value as of the grant date and then amortized as personnel expenses over the period in which Revenue from maintenance business is recognized propor- tionately over the period of service provision. Revenue resulting from service agreements, which are ­invoiced on the basis of hours performed, is recognized in the period in which the services are rendered by the ­Software AG entities. Pursuant to IAS 18 in conjunction with IAS 11, revenues and expenses from fixed-price service contracts are recognized in accordance with the percent- age-of-completion (PoC) method if the revenues can be reliably measured, there is sufficient probability that ­Software AG will receive the economic benefits from the transaction, and all costs incurred for the transaction and the costs to complete the service can be reliably established. The stage of completion of a contract is calculated on the basis of the proportion of contract costs incurred for work performed as of the balance sheet date to the estimated total contract costs. Some of the costs for making this ­calculation are estimated using the number of consulting hours/consulting days charged. Revenue is reported net of discounts, price rebates and cus- tomer bonuses. Cost of sales Cost of sales includes all production-related full costs based on normal capacity utilization. In particular, the cost of sales includes the individual unit costs that can be directly ­allocated to orders as well as fixed and variable overheads. No impairments on inventories were necessary during the reporting period. Research and development expenses Research and development expenses are recognized in the income statement as incurred. New products are not tech- nologically realizable until shortly prior to being ready for market launch. In the run-up to technological realizability, research and development processes are closely linked. Any research and development expenses incurred after tech­ nological realizability has been achieved are immaterial. 143 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