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SAW QB2 2014, englisch

The carrying amounts of goodwill and of intangible assets with indefinite useful lives for each segment as compared to December 31, 2013 were as follows: The segments represent the smallest cash-generating units in the Group. Because performance of the BPE segment in the first half-­ year was clearly below expectations for 2014, Software AG considered an impairment test for goodwill and intangible assets with indefinite useful lives to be necessary for the BPE segment. Because Management had not provided an updated strategic financial plan as of the time the half-year financial statements had been prepared, fair value was calculated based on a simulated estimation. The estimation showed that even in a scenario in which BPE product revenue growth were 0 percent in 2014 (with a non-GAAP EBITA mar- gin of 26 percent [for the Group]) and BPE license growth remained 0 percent in the following three years, the value of goodwill would be more than adequately covered. Segment in € thousands June 30, 2014 Dec. 31, 2013 ETS 312,961 311,642 BPE 490,358 486,945 Consulting 22,269 30,568 Goodwill 825,588 829,173 ETS 0 0 BPE 35,234 35,063 Consulting 5,371 9,766 Intangible assets with indefinite useful lives 40,605 44,829 [7] Equity Share capital ­Software AG's share capital totaled €86,944 thousand as of June 30, 2014 (Dec. 31, 2013: €86,944 thousand), divided into 86,943,945 bearer shares (Dec. 31, 2013: 86,943,945). Each share entitles its holder to one vote. Dividend payment Pursuant to the proposal of the Management Board and the Supervisory Board, the Annual Shareholders' Meeting re­ solv­ed on May 16, 2014 to appropriate €36,275 thousand (2013: €38,157 thousand) for a dividend payout from the net retained profits of €136,042 thousand reported by ­Software AG, the controlling Group company, in 2013. This corresponded to a dividend of €0.46 (2013: €0.46) per share. A total amount of €99,767 thousand (2013: €220,700 thou­ sand) was carried forward. Share buyback ­Software AG instituted a program for the repurchase of treas­ ury shares up to a total value of €110 million beginning November 12, 2013 and concluded on February 28, 2014. During the period from January 1, 2014 up to and including February 28, 2014 ­Software AG repurchased 2,653,845 add­ itional treasury shares (based on a value date) at an average price of €26.59 per share, not including transaction fees (€26.60 including transaction fees), for a total cost of €70,561 thousand, not including transaction fees (€70,582 thousand including transaction fees). In the second quarter of 2014, 59,000 treasury shares were used to service stock options exercised under MIP III. As of June 30, 2014 ­Software AG held 8,025,101 treasury shares representing an interest in the share capital of €8,025,101 (9.2 percent). Software AG | Interim Report 2 | 2014 26