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 2009 | Number | Subscribed capital | Additional paid-in capital | Retained earnings | Net income attributable to share-
holders |
| Equity as of January 1, 2009 | 28,638,842 | 85,917 | 35,810 | 472,813 | 0 |
| New shares issued | 30,697 | 92 | 543 | ||
| Stock options | 580 | ||||
| Purchase of non-controlling interests in fully consolidated companies | |||||
| Net income for the year | 25,649 | ||||
| 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, 2009 | 28,669,539 | 86,009 | 36,933 | 472,765 | 25,649 |
| in € thousands 2009 | Accumulated currency translation differences | Other reserves | Non- controlling interests | Total |
| Equity as of January 1, 2009 | -76,744 | 31,343 | 0 | 549,139 |
| New shares issued | 635 | |||
| Stock options | 580 | |||
| Purchase of non-controlling interests in fully consolidated companies | 2,009 | 2,009 | ||
| Net income for the year | 22,538 | |||
| Currency translation differences | 14,375 | 14,375 | ||
| Net gain from fair value measurement of financial instruments not recognized in income | 2,470 | 2,470 | ||
| Net gain from fair value measurement of net investments in foreign operations not recognized in income | 129 | 129 | ||
| Net gain from measurement of pension obligations | -48 | |||
| Equity as of March 31, 2009 | -62,369 | 33,942 | 2,009 | 594,938 |
| Common shares | |||||
| in € thousands 2008 | Number | Subscribed capital | Additional paid-in capital | Retained earnings | Net income attributable to share-
holders |
| Equity as of January 1, 2008 | 28,539,455 | 85,618 | 31,933 | 387,907 | |
| New shares issued | 36,013 | 108 | 549 | ||
| Stock options | 281 | ||||
| Purchase of non-controlling interests in fully consolidated companies | |||||
| Net income for the year | 22,538 | ||||
| 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, 2008 | 28,575,468 | 85,726 | 32,763 | 387,907 | 22,538 |
| in € thousands 2008 | Accumulated currency translation differences | Other reserves | Non- controlling interests | Total |
| Equity as of January 1, 2008 | – 80,008 | 36,343 | 669 | 462,462 |
| New shares issued | 657 | |||
| Stock options | 281 | |||
| Purchase of non-controlling interests in fully consolidated companies | – 669 | – 669 | ||
| Net income for the year | 22,538 | |||
| 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 income | 341 | 341 | ||
| Net gain from measurement of pension obligations | 0 | |||
| Equity as of March 31, 2008 | – 106,846 | 32,747 | 0 | 454,835 |
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.
