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Software AG GB 2013. englisch

Volume and measurement of derivative financial instruments Derivative financial instruments are used only to hedge ­existing or estimated currency risk, interest rate risk or other market risk. The table below shows the notional amounts, the carrying amounts and the fair values of derivative financial instru- ments as of December 31, 2013 and December 31, 2012. The fair values of currency forward contracts are determined on the basis of forward foreign exchange rates. The fair values of stock options and equity forward contracts used to hedge the performance phantom share plan as well as the fair values of interest rate hedges are based on market prices, which reflect the current market situation and are equivalent to the replacement costs as of the balance sheet date. Fair values are determined based on the second level of fair value hierarchy in accordance with IFRS 7. in € thousands 2013 2012 Notional amount Fair value Carrying amount Notional amount Fair value Carrying amount Derivatives with positive fair value Derivatives (without qualifying hedging relationship) 0 227 227 0 1,780 1,780 Currency forward contracts remaining term < 1 year 14,502 116 116 3,000 96 96 Currency forward contracts remaining term > 1 year 14,502 111 111 0 0 0 Stock options/ equity forward contracts 0 0 0 10,040 1,684 1,684 Derivatives with negative fair value Derivatives (without qualifying hedging relationship) 0 -5,735 -5,735 0 -1,123 -1,123 Currency forward contracts remaining term < 1 year 1,244 -51 -51 10,963 -190 -190 Stock options/ equity forward contracts 16,886 -2,700 -2,700 5,495 -933 -933 Derivatives (cash flow hedges) 0 -2,984 -2,984 0 -5,357 -5,357 Interest rate swaps 93,500 -2,984 -2,984 93,500 -5,357 -5,357 Software AG | Annual Report 2013 188 Letter from the Management Board About Software AG Software AG ShareHighlights 2013

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