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Software AG GB 2013. englisch

Pension benefits in the United Kingdom relate to commit- ments made by Software AG (U.K.) Limited. They comprise post-employment benefits for employees as well as ­benefits payable to their surviving dependents on the ­employees’ death during their active service period. Pension benefit plans in Switzerland result from legal ­requirements of the BVG (national law on occupational re- tirement, survivors’ and disability benefits). The law stipu- lates that every employer must grant entitled employees benefits after termination of their employment. The defined benefit commitments result in risks to the Com- pany due to possible fluctuations in obligations from defined benefit plans and fluctuations in plan assets. Fluctuations in defined benefit obligations result primarily from changes to financial assumptions such as discount interest rates and changed demographic assumptions (changing life expec- tancies). Possible changes in expected long-term wage and salary increases have no significant impact on the ­obligations due to the structure of the commitments. The fair value of plan assets and the fluctuation thereof depends Defined benefit obligation (DBO) Fair value of plan assets Net defined benefit balance (without effects of asset caps) in € thousands 2013 2012 2013 2012 2013 2012 Balance as of Jan. 1 91,190 70,846 44,186 38,733 47,005 32,114 Current service cost 2,455 2,005 2,455 2,004 Past service cost 181 0 181 0 Net interest income/expense 3,422 3,337 1,799 1,851 1,622 1,486 6,058 5,342 1,799 1,851 4,258 3,490 Expense/income resulting from adjustments Return on plan assets net of income recognized as net interest income/expense -1,886 52 4,018 401 -5,904 -349 Net actuarial gains/losses from changes to demographic assumptions -1,566 0 -1,566 0 Net actuarial gains/losses from changes to financial assumptions -1,274 16,358 -1,274 16,358 -4,726 16,410 4,018 401 -8,744 16,009 Currency-related changes -1,316 1,108 -809 749 -508 360 Employer contributions 4,086 4,254 -4,086 -4,254 Employee contributions 1,270 1,220 1,270 1,335 0 -116 Plan-related payments -1,791 -2,168 -1,155 -1,569 -636 -598 Settlement payments 0 -1,568 0 -1,568 0 0 -521 -2,516 4,201 2,452 -4,722 -4,968 Balance as of Dec. 31 90,685 91,190 53,395 44,186 37,289 47,005 Software AG | Annual Report 2013 166 Letter from the Management Board About Software AG Software AG ShareHighlights 2013

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