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Annual Report 2002 - Software AG

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Table of Contents<br />

Letter to our stockholders 6<br />

<strong>Report</strong> of the Supervisory Board 8<br />

<strong>Software</strong> <strong>AG</strong> stock 10<br />

Applied technology 12<br />

Management <strong>Report</strong> 17<br />

Economic climate and market developments 18<br />

Strategy 20<br />

Products 24<br />

Sales and marketing 27<br />

Services 28<br />

Financial position and result of operations 30<br />

Risk report 34<br />

Employees 37<br />

Research and development 39<br />

Events subsequent to the balance-sheet date 41<br />

Outlook 42<br />

Financial Statements 43<br />

Consolidated Balance Sheet 44<br />

Consolidated Income Statement 46<br />

Statement of Fixed Asset Movements 47<br />

General disclosures on the consolidated financial statements and<br />

on consolidation and accounting policies 48<br />

Notes to the consolidated balance sheet 53<br />

Notes to the consolidated income statement 57<br />

Segment report 58<br />

Statement of cash flows 60<br />

Other disclosures 62<br />

Auditors’ report 64<br />

Financial Calendar 65<br />

Glossary 66

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