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FINANCIAL STATEMENTS OF SAP AG – SHORT VERSION
(Prepared in accordance with German GAAP-HGB)
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INCOME STATEMENT
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2004 |
2003 |
| €(000) |
€(000) |
| Total revenue |
3,316,699 |
2,954,720 |
| Other operating income |
306,914 |
676,107 |
| Cost of services and materials |
-1,071,065 |
-864,956 |
| Personnel expenses |
-748,834 |
-762,170 |
| Depreciation and amortization |
-335,306 |
-331,307 |
| Other operating expenses |
-765,664 |
-674,681 |
| Finance income |
490,348 |
358,173 |
| Income from ordinary activities |
1,193,092 |
1,355,886 |
| Income taxes |
-435,414 |
-301,107 |
| Net income |
757,678 |
1,054,779 |
BALANCE SHEET
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12/31/2004 |
12/31/2003 |
| €(000) |
€(000) |
| Intangible assets |
156,443 |
354,716 |
| Property, plant, and equipment |
619,178 |
617,653 |
| Financial assets |
1,871,577 |
1,760,120 |
| Fixed assets |
2,647,198 |
2,732,489 |
| Inventories |
2,949 |
2,394 |
| Accounts receivable |
1,099,042 |
1,022,146 |
| Marketable securities |
579,088 |
461,631 |
| Liquid assets |
1,371,798 |
453,409 |
| Non-fixed assets |
3,052,877 |
1,939,580 |
| Deferred taxes |
39,806 |
27,121 |
| Prepaid expenses and deferred charges |
30,045 |
17,423 |
| Total assets |
5,769,926 |
4,716,613 |
Shareholder’s equity |
3,691,794 |
3,160,697 |
| Reserves and accrued liabilities |
929,061 |
627,876 |
| Other liabilities |
1,143,780 |
927,702 |
| Deferred income |
5,291 |
338 |
| Total shareholders’ equity and liabilities |
5,769,926 |
4,716,613 |
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The complete Financial Statements and unqualified auditors’ report for SAP AG are published
in the Bundesanzeiger (German Federal Gazette) and deposited with the Commercial Registry
of the Heidelberg Municipal Court. They can be obtained from SAP AG on request.
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