Investor Relations:
Financial Reports
Since 1999, SAP has prepared our consolidated financial statements in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP). This ensures direct comparability with the financial statements of our international competitors. In addition to providing the disclosures required under U.S. GAAP, the notes to our statements contain a great deal of additional detail, which we provide voluntarily. The review of operations meets the requirements of Germany's Handelsgesetzbuch commercial code and provides additional voluntary information. SAP is committed to meeting and exceeding the transparency demanded by the international finance community.
Beneficial Ownership Reports
SAP voluntarily publishes filings with the U.S. Securities and Exchange Commission (SEC) under Section 16 (a) of the U.S. Securities Exchange Act. Under Section 16 (a) of the U.S. Securities Exchange Act, SAP is required to file reports with the SEC if:
- SAP becomes beneficial owner of more than 10% of any class of equity security registered under Section 12 of the U.S. Securities Exchange Act
- A beneficial ownership reported by SAP to the SEC changes
- SAP purchases or sells a security-based swap agreement involving the equity securities for which the beneficial ownership was reported to the SEC
View the quarterly and annual reports of Business Objects.