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Software AG GB 2013. englisch

The Company 06 _ Letter from the Management Board 10 _ Highlights 2013 18 _ About Software AG 32 _ Software AG Share 39 _ Corporate Governance 48 _ Report of the Supervisory Board Group Management Report 63 _ Business and General Conditions 63 _ Corporate structure and business activities 68 _ Corporate control, objectives and strategy 70 _ Research and development (R&D) 73 _ Economic Report 73 _ Summary of business development 76 _ Financial performance 85 _ Financial position 87 _ Assets 97 _ Overall statement on financial position 98 _ Events after the Balance Sheet Date 98 _ Disclosure of changes of ­particular significance 98 _ Risk and Opportunity Report 98 _ Risk management system 101 _ Specific risks 106 _ Opportunities 107 _ General statement on the Group´s risk situation Contents 4 Software AG | Annual Report 2013

Overview