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Other disclosures

 
 
 

Seasonal influences
Revenues and pre-tax earnings were distributed over fiscal year 2005 as follows:

 

 

Q1 2005

Q2 2005

Q3 2005

Q4 2005

2005

Total revenue
in € thousands

100,284

110,482

103,693

123,574

438,033

   in % of annual revenue

22.9

25.2

23.7

28.2

100.0

Earnings before taxes
in € thousands

19,156

27,821

24,630

29,534

101,141

   in % of net income
   for the year

18.9

27.5

24.4

29.2

100.0

 

The distribution of revenues was similarly structured in previous years, primarily due to the purchasing behavior of our customers. As a result, the Company expects that the revenue and earnings development will have a similar structure in the future.

Contingent liabilities
As of March 31, 2006, no provisions were recognized for the following contingent liabilities, expressed at nominal values, since it appeared unlikely that claims would be asserted:

 

€ thousands

 

Guarantees

9,554

Other

1,125

 

10,679

 

Stock option plans
Software AG has two different stock option plans for members of the Executive Board, officers and employees. This resulted in personnel expenses of €330 thousand in the first quarter of 2006 due to the transition regulations set out in IFRS 2. In the first quarter of 2006, employees of the Company exercised 3,250 stock options. As of March 31, 2006, a total of 864,611 stock options (December 31, 2005: 870,358 stock options) had been issued to members of the Executive Board, officers and employees. Please refer to the 2005 Annual Report for further disclosures on the option plans.

Other financial commitments
The Company has rent and lease agreements for buildings, land, computer and telephone equipment as well as vehicles. The obligations under these contracts for the remaining noncancelable terms up to the end of fiscal year 2006 amount to €8,257 thousand. Obligations of €29,029 thousand exist for the period up to the end of fiscal year 2011, and obligations of €11,891 thousand for the period after fiscal year 2011. The lease agreements are operating leases as defined in IAS 17.

Notes on significant business events
In the first quarter of 2006, there were no special business events having a significant impact on the financial performance and the financial position of the Software AG Group.

Employees
As of March 31, 2006, the effective number of employees (i.e., part time employees are taken into account on a pro-rata basis only) amounted to 2,771 (March 31, 2005: 2,515), 72.0 percent of whom were employed abroad (previous year: 69.8 percent). The average absolute number of employees (i.e., part-time employees are recorded in full regardless of their average number of working hours) of the Software AG Group in the first quarter of 2006 was 2,847 (previous year: 2,583). In absolute terms, the Group employed 2,847 people (previous year: 2,583) at the end of the first quarter on March 31, 2006.

Executive Board and Supervisory Board
There have been no changes in the Executive and Supervisory Boards since December 31, 2005.

Events after the balance sheet date
There have been no events of special significance since March 31, 2006.

 
 
 
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