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Software AG GB 2013. englisch

NotestotheConsolidatedFinancialStatements criteria for financial assets, including various types of hybrid contracts. The new standard is intended to replace IAS 39 and uses a single approach to determine whether a financial asset is measured at amortized cost or fair value. As ­Software AG currently does not hold any assets available for sale, we do not expect any impact from this change. IFRS 9 also requires a uniform impairment method to be used. As part of the project, “Classification and Measure- ment: Limited Amendments to IFRS 9,” the IASB decided in July 2013 to further postpone the mandatory date of appli- cation. Based on current expectations, this will not have any significant impact for Software AG. The IASB published three standards in May 2011 that define how a company is to report its investments in the consoli- dated financial statements. All three standards were ­adopted by the EU in December 2012. IFRS 10 “Consolidated Financial Statements” replaces the regulations of IAS 27 “Consolidated and Separate Financial Statements,” which define the reporting procedure for ­consolidated statements, and the regulations of SIC-12 ­“Consolidation—Special-Purpose Entities.” IFRS 10 introduces a uniform consolidation model for all companies based on control. According to the new approach, control exists if the potential parent company has decision-making authority over the potential subsidiary through voting rights or other rights, it participates in positive and negative variable ­reflows from the subsidiary and can influence these reflows through its decision-making authority. IFRS 11 “Joint Agreements” defines the reporting procedure of jointly run operations. These regulations replace the ­regulations of IAS 31 “Shares in a Joint Venture” and SIC-13 “Jointly Controlled Entities—Non-Monetary Contributions by Venturers.” IFRS 12 “Disclosure of Shares in Other Entities” defines the disclosure requirements with respect to other companies. Here existing points from various previously published ­standards are being combined under IFRS 12. Software AG will apply the standards as of January 1, 2014, which is the mandatory adoption date for IFRS users in the EU. Software AG does not expect these new standards (IFRS 10, IFRS 11, IFRS 12) to have any significant impact on the consolidated financial statements. set out in IAS 19 (revised in 2011, IAS 19R). This approach takes into account anticipated future increases in pensions and salaries in addition to the pensions known as of the balance sheet date. The pension provisions are reported at the full present value of the defined obligation, less the fair value of the re­ insurance cover taken out for defined benefit obligations or the fair value of the plan assets accumulated to cover pen- sion entitlements. The changes in the actuarial gains/losses compared to the previous year are excluded from income and allocated directly to retained earnings. The payments for defined contribution pension plans are recognized in profit or loss for the period. Deferred income Deferred income consists of advance payments received from customers for maintenance services to be rendered in future periods. The deferred item is reversed and taken to income in the period in which the service is rendered. First-time application of accounting rules The following new or amended accounting rules were ­applied for the first time in 2013, but had no or no significant impact: • Amendment of IAS 19 “Employee Benefits” (revised in 2011, IAS 19R) • Amendment of IAS 36 “Impairment of Assets” Disclosure of the recoverable amount for non-financial assets (early application) A disclosure about the recover­able amount is not neces- sary for cash-generating units. • IFRS 13 “Measurement of the Fair Value“ New accounting provisions with regard to which Software AG has not opted for early application The IASB has published the following standards, interpreta- tions and amendments to standards that are not yet ­required to be applied and with regard to which Software AG has not opted for early application to the consolidated financial statements for the year ended December 31, 2013. In November 2009, the IASB issued IFRS 9 “Financial Instru- ments.” IFRS 9 changes the recognition and measurement 147 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