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Software AG GB 2013. englisch

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 108 _ Remuneration Report 121 _ Forecast 121 _ Economic conditions in the next two fiscal years 121 _ The Group’s focus 122 _ Expected financial performance 123 _ Anticipated financial position 125 _ Takeover-Related Disclosures 126 _ Statement on Corporate Governance 62 Software AG | Annual Report 2013

Overview