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Software AG GB 2013. englisch

GroupManagementReport • “Intangible assets” increased year on year to €18.6 mil- lion due to the acquisition of the Apama division. The transaction was an asset deal. Software AG also acquired the rights of use for alfabet products for €6.6 million. • “Receivables and other assets” as of December 31, 2013 rose due to increased financing of subsidiaries. • “Cash and cash equivalents” increased from €96.5 million by €138.9 million to total €235.4 million as a result of new financial liabilities. Software AG predominantly gen- erates liquidity based on royalties, dividends, Group ­financing and management fees from the subsidiaries. For this reason, the cash flows of Software AG depend to a great extent on decisions regarding the dividend payouts of subsidiaries and financing arrangements ­between the parent company and the subsidiaries. A cash flow statement for Software AG alone would there- fore have little meaning, for which reason we do not prepare such a statement. • “Equity” of Software AG decreased by €168.0 million, from €525.1 million on December 31, 2012 to €357.1 mil- lion on December 31, 2013. This decrease resulted mainly from the balance of €154.4 million for the repurchase of treasury shares, €20.4 million in annual net income and €38.2 million for the dividend payout in fiscal 2013. • “Provisions” decreased by €15.8 million, from €83.3 mil- lion in 2012 to €67.5 million on December 31, 2013. This change was mainly the result of the reduction in provi- sions for share-based remuneration components. • “Liabilities to banks” increased by €384.7 million from €217.8 million to total €602.5 million. This increase re- sulted primarily from the balance of €290.0 million for the issuance of promissory notes with credit institutions in fiscal 2013, €100.0 million for an investment loan with the European Investment Bank and €5.3 million in re- payments on liabilities to banks. • “Liabilities” increased year on year by €60.2 million to total €232.2 million. This resulted primarily from the balance of servicing a promissory note from the Software AG Foun- dation in the amount of €45.0 million, new promissory notes with non-banks in the amount of €10.0 million and a rise in liabilities to affiliate companies for Group-internal financing of Software AG in the amount of €93.5 million. Assets and financial position of the parent company in € millions Dec. 31, 2013 Dec. 31, 2012 Change Intangible assets 31.1 6.1 25.0 Property, plant and equipment 11.5 12.0 -0.5 Financial assets 793.5 784.0 9.5 Inventories 0.1 0.1 0.0 Receivables and other assets 184.7 96.2 88.5 Cash and cash equivalents and short-term securities 235.4 96.5 138.9 Prepaid expenses/other 4.1 3.5 0.6 Total assets 1,260.4 998.4 262.0 Equity 357.1 525.1 -168.0 Provisions 67.5 83.3 -15.8 Liabilities to banks 602.5 217.8 384.7 Liabilities 232.2 172.0 60.2 Deferred income 1.1 0.2 0.9 Total equity and liabilities 1,260.4 998.4 262.0 91 Corporate Governance Report of the Supervisory Board Consolidated Financial Statements Notes Additional Information Group Management Report Business and General Conditions Economic Report Events after the Balance Sheet Date Risk and Opportunity Report Remuneration Report Forecast Takeover-Related Disclosures Statement on Corporate Governance