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Notes on the consolidated balance sheet

5_ Goodwill

Goodwill totaling €452,871 thousand as of March 31, 2009, increased €10,195 thousand compared to December 31, 2008. €6,251 thousand of this increase can be attributed to exchange rate fluctuations, in particular of the strong U.S. dollar, whereas €3,944 thousand can be attributed to the acquisition of itCampus (for more on this, please see Note 4 Business acquisitions).

6_ Equity

The change in equity is shown in the following Statement of Changes in Equity as of March 31, 2009.

Statement of changes in equity for the three months ended March 31, 2009
(January 1 to March 31, 2009, and January 1 to March 31, 2008)
IFRS, unaudited

Common shares
in € thousands 2009NumberSubscribed capitalAdditional paid-in capitalRetained earningsNet income attributable to share-
holders
Equity as of January 1, 200928,638,84285,91735,810472,8130
New shares issued30,69792543
Stock options580
Purchase of non-controlling interests in fully consolidated companies
Net income for the year25,649
Currency translation differences
Net gain from fair value measurement of financial instruments not recognized in income
Net gain from fair value measurement of net investments in foreign operations not recognized in income
Net gain from measurement of pension obligations-48
Equity as of March 31, 200928,669,53986,00936,933472,76525,649

in € thousands 2009Accumulated currency translation differencesOther reservesNon- controlling interestsTotal
Equity as of January 1, 2009-76,74431,3430549,139
New shares issued635
Stock options580
Purchase of non-controlling interests in fully consolidated companies2,0092,009
Net income for the year22,538
Currency translation differences14,37514,375
Net gain from fair value measurement of financial instruments not recognized in income2,4702,470
Net gain from fair value measurement of net investments in foreign operations not recognized in income129129
Net gain from measurement of pension obligations-48
Equity as of March 31, 2009-62,36933,9422,009594,938

Common shares
in € thousands 2008NumberSubscribed capitalAdditional paid-in capitalRetained earningsNet income attributable to share-
holders
Equity as of January 1, 200828,539,45585,61831,933387,907
New shares issued36,013108549
Stock options281
Purchase of non-controlling interests in fully consolidated companies
Net income for the year22,538
Currency translation differences
Net gain from fair value measurement of financial instruments not recognized in income
Net gain from fair value measurement of net investments in foreign operations not recognized in income
Net gain from measurement of pension obligations
Equity as of March 31, 200828,575,46885,72632,763387,90722,538

in € thousands 2008Accumulated currency translation differencesOther reservesNon- controlling interestsTotal
Equity as of January 1, 2008– 80,00836,343669462,462
New shares issued657
Stock options281
Purchase of non-controlling interests in fully consolidated companies– 669– 669
Net income for the year22,538
Currency translation differences– 26,838– 26,838
Net gain from fair value measurement of financial instruments not recognized in income– 3,937-3,937
Net gain from fair value measurement of net investments in foreign operations not recognized in income341341
Net gain from measurement of pension obligations0
Equity as of March 31, 2008– 106,84632,7470454,835


The composition of the individual equity accounts did not change compared to December 31, 2008. The exercise of stock options under the second stock option plan increased the number of bearer shares in issue by 30,697 to 28,669,539 shares in the first quarter of 2009. In response, the Company’s share capital rose by €92 thousand and the capital reserve by €543 thousand.

Dividend payment

The Annual Shareholders' Meeting resolved on April 30, 2009, to transfer an amount of €150 thousand from the €153,060 thousand in accumulated profit of the controlling Group company Software AG for 2008 to other retained earnings, to appropriate €31,503 thousand for a dividend payout, and to carry forward €121,407 thousand to a new account. This corresponded to a dividend of €1.10 per share.