Annual Report 2002 - Software AG

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64 Auditors’ report Software AG, Darmstadt Auditors’ report We have audited the annual financial statements, together with the bookkeeping system, of the Software AG as well as the consolidated financial statements and its report on the position of the Company and the Group prepared by the Company for the business year from January 1, 2002 to December 31, 2002. The preparation of these documents in accordance with German commercial law are the responsibility of the Company's management. Our responsibility is to express an opinion on the annual financial statements, together with the bookkeeping system, as well as on the consolidated financial statements and the report on the position of the Company and the Group, based on our audit. We conducted our audit of the annual and consolidated financial statements in accordance with § 317 HGB and the generally accepted German standards for the audit of financial statements promulgated by the Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW). Those standards require that we plan and perform the audit such that misstatements materially affecting the presentation of the net assets, financial position and results of operations in the annual and the consolidated financial statements in accordance with principles of proper accounting and in the report on the position of the Company and the Group are detected with reasonable assurance. Knowledge of the business activities and the economic and legal environment of the Company and evaluations of possible misstatements are taken into account in the determination of audit procedures. The effectiveness of the accountingrelated internal control system and the evidence supporting the disclosures in the books and records, the annual and consolidated financial statements and the report on the position of the Company and the Group are examined primarily on a test basis within the framework of the audit. The audit includes assessing the accounting and consolidation principles used and significant estimates made by management, as well as evaluating the overall presentation of the annual and the consolidated financial statements and the report on the position of the Company and the Group. We believe that our audit provides a reasonable basis for our opinion. Our audit has not led to any reservations. In our opinion, the annual and the consolidated financial statements give a true and fair view of the net assets, financial position and results of operations of the Company and the Group, respectively, in accordance with principles of proper accounting. On the whole the report on the position of the Company and the Group provides a suitable understanding of the Company's and the Group's position and suitably presents the risks of future development. Frankfurt am Main, February 26, 2003 BDO Deutsche Warentreuhand Aktiengesellschaft Wirtschaftsprüfungsgesellschaft Schumacher Braun Independent Auditor Independent Auditor
Financial Calendar 2003 April 24, 2003 Results Q1 2003 April 29, 2003 Software Aktiengesellschaft’s Shareholders’ General Meeting (Darmstadt) July 24, 2003 Results Q2 2003 and half-year report July 25, 2003 Analyst Conference October 23, 2003 Results Q3 2003 Photos Getty Images, Zefa AUDITORS’ REPORT 65
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Annual Report 2002
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Table of Contents Letter to our sto
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Planning is the key to realizing yo
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Professional services and sales org
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Aug. 1 Natural Engineer WebStar mak
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today’s quoted companies. Softwar
Page 13 and 14: tions. The Swiss company leverages
Page 15 and 16: ister. The new solution is a signif
Page 17 and 18: One step ahead In today’s fast-mo
Page 19 and 20: transparency in business processes,
Page 21 and 22: do not simply offer software compon
Page 23 and 24: importance in the optimization of b
Page 25 and 26: Web-enabling Natural-built applicat
Page 27 and 28: Sales and marketing: Broadening the
Page 29 and 30: training for customers implementing
Page 31 and 32: euros to 149.2 million euros. This
Page 33 and 34: Breakdown of costs in million EUR 2
Page 35 and 36: and furnishings. Investment in soft
Page 37 and 38: Employees: Our most important resou
Page 39 and 40: Research and development: Keeping o
Page 41 and 42: Events subsequent to the balance-sh
Page 43 and 44: There´s more than one way to pot t
Page 45 and 46: Equity and liabilities FINANCIAL ST
Page 47 and 48: Statement of Fixed Asset Movements
Page 49 and 50: On January 1, 2002, the Company acq
Page 51 and 52: Consolidated balance sheet and cons
Page 53 and 54: B. Notes to the consolidated balanc
Page 55 and 56: Frankfurt Stock Exchange over the f
Page 57 and 58: C. Notes to the consolidated income
Page 59 and 60: Europe Western Europe Southern Euro
Page 61 and 62: Notes to the cash flow statement
Page 63: Dietrich-Kurt Frowein Place of resi
Page 67 and 68: workbench) for designing, developin
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Annual Report 2002 - Software AG

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