Responsibility

• Company Profile
• Letter to the Shareholders
• Executive Board
• Report of the Supervisory Board
• Compensation Report

Success

• Solutions and Technology
  1. Technology and Architecture
  2. Industry Solutions
  3. Solutions for All Sizes
  4. Services
• Innovation and Growth
  • Research and Development
  • New Markets
  • People at SAP
• Transparency and Responsibility
  • Investor Relations
  • Corporate Citizenship
  • Corporate Governance

Review of Operations

• Information
• Review of SAP and SAP AG Operations
• Business in 2004
  • Global Economy
  • IT Sector
  • Business at SAP
  • Employees
• Research and Development
• Corporate Governance
• 2005: Early News
• Outlook 2005
  • Forecast for the Global Economy
  • Forecast for the IT Industry
  • Forecast for SAP
• Risk Factors and Risk Management
• Independent Auditor's Report

Financials

• Information
• 5 Year Summary
• Financial Summary
• Consolidated Financial Statements
  • Consolidated Statements of Income
  • Consolidated Balance Sheets
  • Consolidated Statements of Changes in Shareholders' Equity
  • Consolidated Statements of Cash Flow
  • Notes to Consolidated Financial Statements
• Financial Statements SAP AG Short Version
• Independent Auditor's Report
• Financial Calendar