Software AG — Investor Presentation 2004

Jul 19, 2004

IFRS Briefing Session

Arnd Zinnhardt CFO, Software AG

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Reconciliation of Net Income from HGB to IFRS – as of Dec. 03

(in k euros)

						Net Income
			HGB status as of December 31, 20	03		-3,322
			evenue reconise accorin to	erce	ntage o
			g g completion
			Correction to goodwill amortizatio	n
			Depreciation of buildings
			Finance leases
			Market value of securities
			Market value of financial derivativ	es
			Deferred tax assets
			Adjustments to other accruals
			Adjustments to pension accrual
			Deferred tax liabilities

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Reconciliation of Net Income from HGB to IFRS – as of March 03

(in k euros)

	Net Income
HGB status as of March 31, 2003	-9,694
Revenue recognised according to percentage of	1,249
completion
Correction to goodwill amortization	5,463
Depreciation of buildings	9
Finance leases	88
Market value of securities	0
Market value of financial derivatives	-204
Deferred tax assets	-6,254
Adjustments to other accruals	-8,441
Adjustments to pension accrual	0
Deferred tax liabilities	2,687
Currency translation adjustments	332
Other	-6

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