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SAW QB1 2014, englisch

General [1] Basis of Presentation Software AG’s condensed and unaudited consolidated finan- cial statements (interim financial statements) as of March 31, 2014 have been prepared in accordance with International Financial Reporting Standards (IFRS) applicable on the ­balance sheet date, as endorsed by the EU. The IASs/IFRSs applicable as of March 31, 2014 were observed, as were the corresponding interpretations of the International Financial Reporting Interpretations Committee (IFRIC—formerly SIC). Software AG is a registered stock corporation under German law with registered offices in Darmstadt. Software AG is the parent company of a Group that is globally active in the fields of software development, licensing and maintenance as well as IT services. The consolidated interim financial statements of Software AG are expressed in thousands of euros unless otherwise stated. [2] Changes in the Consolidated Group The following changes in the consolidated Group took place in the first three months of fiscal 2014. The disposal relates to the merger of a company in the United States. Germany Foreign Total Dec. 31, 2013 12 77 89 Disposals (including mergers) – 1 1 March 31, 2014 12 76 88 [3] Accounting Policies The same accounting policies have been applied to the con- solidated interim financial statements as were applicable to the consolidated financial statements as of December 31, 2013. For more detailed information on accounting policies, please see Note 3 of the consolidated financial statements for fiscal 2013. These quarterly financial statements have been prepared in accordance with IAS 34: Interim Financial Reporting. [4] Business Combinations Software AG acquired the remaining 84 percent of shares in metaquark GmbH, Berlin/Germany, in the first quarter. The company was completely consolidated as of the first quarter of 2013 due to the existence of call options. The purchase price for the shares (remaining 84 percent) was €3 million less than the amount assumed for the final pur- chase price allocation. Accordingly, income in the amount of €3 million resulted from the acquisition of the remaining 84 percent and was reported under “other income.” Notes to the Consolidated Balance Sheet [5] Disposal Group Software AG entered an agreement on March 31, 2014 to sell its SAP consulting business in Germany, Austria and ­Switzerland (DACH) to the Scheer Group GmbH (Saarbrücken/ Germany). The transaction is expected to close in the second quarter of 2014. The divesture includes all SAP services in the DACH region pertaining to the IDS Scheer Consulting GmbH subsidiary, which has approximately 500 employees and €64 million in total revenue (in fiscal 2013). Notes to the Interim Financial Statements Software AG | Interim Report 1 | 2014 20