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Software AG GB 2013. englisch

[20] Financial liabilities Financial liabilities can be broken down as follows: Liabilities to banks and other loans had the following ­maturities as of the reporting date: The fair values of the liabilities to banks with variable interest rates are equal to their carrying amounts. The fair values of the liabilities with fixed interest rates amounted to €398,667 thousand. The fair values were calculated by dis- counting the future cash flows using current market rates. in € thousands Dec. 31, 2013 Dec. 31, 2012 Current financial liabilities Other financial liabilities 3,128 46,182 Liabilities to banks 199,339 6,008 Bills payable 401 378 Liabilities from finance leases 20 4 202,888 52,572 Non-current financial liabilities Liabilities to banks 400,328 210,310 Other financial liabilities 10,000 3,000 Liabilities from finance leases 158 130 410,486 213,440 in € thousands Up to 1 year >1 year Loans with variable interest rates 65,282 149,882 Loans with fixed interest rates 137,185 260,446 202,467 410,328 Software AG | Annual Report 2013 162 Letter from the Management Board About Software AG Software AG ShareHighlights 2013

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