| |
CONSOLIDATED FINANCIAL STATEMENTS
|
CONSOLIDATED STATEMENTS OF INCOME
for the years ended December 31,
| |
Note |
2004 |
2003 |
2002 |
| |
€ (000) |
€ (000) |
€ (000) |
| Software revenue |
|
2,361,012 |
2,147,591 |
2,290,834 |
| Maintenance revenue |
|
2,823,189 |
2,568,807 |
2,422,786 |
| Product revenue |
|
5,184,201 |
4,716,398 |
4,713,620 |
| Consulting revenue |
|
1,970,606 |
1,953,459 |
2,204,191 |
| Training revenue |
|
302,443 |
299,331 |
413,904 |
| Service revenue |
|
2,273,049 |
2,252,790 |
2,618,095 |
| Other revenue |
|
57,243 |
55,418 |
81,123 |
| Total revenue |
(5) |
7,514,493 |
7,024,606 |
7,412,838 |
| Cost of product |
|
-804,312 |
-839,041 |
-860,373 |
| Cost of service |
|
-1,783,453 |
-1,694,062 |
-1,955,785 |
| Research and development |
|
-1,020,022 |
-995,941 |
-909,390 |
| Sales and marketing |
(6) |
-1,523,662 |
-1,411,004 |
-1,627,235 |
| General and administration |
|
-366,425 |
-354,043 |
-399,269 |
| Other operating expense, net |
(7) |
1,762 |
-6,496 |
-35,108 |
| Total operating expenses |
(8) |
-5,496,112 |
-5,300,587 |
-5,787,160 |
| Operating income |
|
2,018,381 |
1,724,019 |
1,625,678 |
| |
|
|
|
|
| Other non-operating income/expense, net |
(9) |
13,274 |
36,309 |
37,319 |
| Financial income/expense, net |
(10) |
40,987 |
16,287 |
-555,299 |
| Income before income taxes, minority interest,
and extraordinary gain |
|
2,072,642 |
1,776,615 |
1,107,698 |
| |
|
|
|
|
| Income taxes |
(11) |
-757,269 |
-692,640 |
-598,705 |
| Minority interest |
|
-4,852 |
-6,912 |
-6,155 |
| Income before extraordinary gain |
|
1,310,521 |
1,077,063 |
502,838 |
| |
|
|
|
|
| Extraordinary gain, net of tax |
(12) |
0 |
0 |
5,776 |
| Net income |
|
1,310,521 |
1,077,063 |
508,614 |
| |
|
|
|
|
| Earnings per share – basic in € |
(13) |
4.22 |
3.47 |
1.62 |
| Earnings per share – diluted in € |
(13) |
4.20 |
3.46 |
1.62 |
|
|
