Annual Report 2002 - Software AG

Notes to the cash flow statement
”Cash and cash equivalents” correspond to the balance
sheet item ”Bank balances.”
”Depreciation/amortization” comprises the amortization
of goodwill from the acquisition of the SAG-
USA Group, the IC-Group and SAG Turkey amounting
to 21.840 million euros, depreciation of
intangible and tangible assets totaling 10.146 million
euros, and depreciation of financial assets
amounting to 3.250 million euros. ”Cash flow from
operating activities” includes an outflow of 537 thousand
euros in interest payments.
The change in financial assets is primarily due
to a cash inflow from the sale of securities worth a
total of 39.803 million euros. There was also an outflow
of 3.588 million euros to cover the value of
assets in employee time accounts in case of insolvency.
The purchase of the final tranche of 2.050 million
euros in the IC-Group is included in ”Investments
in associated companies .” Liabilities to the
respective sellers of the same amount are included
under ”Cash proceeds from short-term borrowings”.
”Repayment of loans and liabilities from acquistions”
includes 27.619 million euros primarily
related to the purchase of the SAG-USA Group, as
well as repayment in full of the mortgage loan
(2.573 million euros).
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