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Software AG GB 2013. englisch

NotestotheConsolidatedFinancialStatements ­reported by Software AG, the controlling Group company, in 2012. This corresponded to a dividend of €0.46 per share. Based on the number of shares outstanding as of Febru- ary 28, 2014, the Management Board and Supervisory Board will propose to the Annual Shareholders’ Meeting to ­distribute the net retained profits of €136,042 thousand ­reported by Software AG, the controlling Group company, in 2013, as follows: to appropriate €36,276 thousand for ­dividends and to carry forward €99,766 thousand. This ­corresponds to a dividend of €0.46 per share. Other reserves Other reserves changed as follows, taking into account tax effects: Of the unrealized income and expense from the fair value measurement of derivatives recorded in other reserves as of December 31, 2012, net expense of €0 thousand (2012: €458 thousand) was recognized in profit or loss in fiscal year 2013. Equity management The Software AG Group has an obligation to achieve long- term, profitable growth. Since software companies typically have a low level of capital expenditure for property, plant and equipment, equity is not a focus of corporate manage- ment. Dividends are calculated as the average of net income for the year and free cash flow. This results in a total dividend sum of €36,276 thousand (2012: €38,157 thousand) and a payout ratio of 24.8 percent (2012: 22.8 percent). Dividend payment Pursuant to the proposal of the Management Board and the Supervisory Board, the Annual Shareholders’ Meeting ­resolved on May 3, 2013 to appropriate €38,157 thousand for a dividend payout and to carry forward €220,700 thou- sand of the net retained profits of €258,857 thousand in € thousands 2013 2012 Pre-tax amount Tax effect Net amount Pre-tax amount Tax effect Net amount Currency translation differences -38,380 0 -38,380 -11,837 0 -11,837 Net gain/loss on remeasuring financial assets 2,172 -681 1,491 -717 225 -492 Net gain/loss arising from translating net investments in foreign operations -1,467 0 -1,467 -687 0 -687 Net actuarial gain/loss on pension obligations -1,017 -461 -1,478 -14,709 4,574 -10,135 Other comprehensive income -38,692 -1,142 -39,834 -27,950 4,799 -23,151 173 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