|
|
|
|
ASSETS: |
|
|
Current assets: |
|
Cash and cash equivalents
No authoritative reference available.
No authoritative reference available.
|
|
|
Other financial assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Trade and other receivables
No authoritative reference available.
No authoritative reference available.
|
|
|
Other non-financial assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Tax assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Total current assets
No authoritative reference available.
No authoritative reference available.
|
|
|
|
Non-current assets: |
|
Goodwill
No authoritative reference available.
No authoritative reference available.
|
|
|
Intangible assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Property, plant and equipment
No authoritative reference available.
No authoritative reference available.
|
|
|
Other financial assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Trade and other receivables
No authoritative reference available.
No authoritative reference available.
|
|
|
Other non-financial assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Tax Assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Deferred tax assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Total non-current assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Total assets
No authoritative reference available.
No authoritative reference available.
|
|
|
|
EQUITY AND LIABILITIES: |
|
|
Current liabilities: |
|
Trade and other payables
No authoritative reference available.
No authoritative reference available.
|
|
|
Current tax liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Current bank loans
No authoritative reference available.
No authoritative reference available.
|
|
|
Other current financial liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Current financial liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Other current non-financial liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Current provisions
No authoritative reference available.
No authoritative reference available.
|
|
|
Current deferred income
No authoritative reference available.
No authoritative reference available.
|
|
|
Total current liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
|
Non-current liabilities: |
|
Trade and other non-current payables
No authoritative reference available.
No authoritative reference available.
|
|
|
Non-current tax liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Non-current bank loans
No authoritative reference available.
No authoritative reference available.
|
|
|
Other non-current financial liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Non-current financial liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Other non-current non-financial liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Non-current provisions
No authoritative reference available.
No authoritative reference available.
|
|
|
Deferred tax liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Non-current deferred income
No authoritative reference available.
No authoritative reference available.
|
|
|
Total non-current liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Total Liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
|
Shareholder's equity: |
|
Issued capital
No authoritative reference available.
No authoritative reference available.
|
|
|
Treasury Shares
No authoritative reference available.
No authoritative reference available.
|
|
|
Share premium
No authoritative reference available.
No authoritative reference available.
|
|
|
Retained earnings
No authoritative reference available.
No authoritative reference available.
|
|
|
Other components of equity
No authoritative reference available.
No authoritative reference available.
|
|
|
Equity attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
Non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Total equity
No authoritative reference available.
No authoritative reference available.
|
|
|
Total equity and liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
|
|
|
|
Software revenue
No authoritative reference available.
No authoritative reference available.
|
|
|
Support revenue
No authoritative reference available.
No authoritative reference available.
|
|
|
| Subscription and other software-related service revenue
|
|
|
Software and software-related service revenue
|
|
Consulting revenue
No authoritative reference available.
No authoritative reference available.
|
|
|
Training revenue
No authoritative reference available.
No authoritative reference available.
|
|
|
Other service revenue
No authoritative reference available.
No authoritative reference available.
|
|
|
Professional services and other service revenue
No authoritative reference available.
No authoritative reference available.
|
|
|
Other revenue
No authoritative reference available.
No authoritative reference available.
|
|
|
Total Revenue
No authoritative reference available.
No authoritative reference available.
|
|
|
| Cost of software and software-related services
|
|
Cost of professional services and other services
No authoritative reference available.
No authoritative reference available.
|
|
|
Research and development
No authoritative reference available.
No authoritative reference available.
|
|
|
Sales and marketing
No authoritative reference available.
No authoritative reference available.
|
|
|
General and administration
No authoritative reference available.
No authoritative reference available.
|
|
|
Restructuring
No authoritative reference available.
No authoritative reference available.
|
|
|
Other operating income (expenses), net
No authoritative reference available.
No authoritative reference available.
|
|
|
Total operating expenses
No authoritative reference available.
No authoritative reference available.
|
|
|
Operating profit
No authoritative reference available.
No authoritative reference available.
|
|
|
Other non-operating income (expenses), net
No authoritative reference available.
No authoritative reference available.
|
|
|
Finance income
No authoritative reference available.
No authoritative reference available.
|
|
|
Finance costs
No authoritative reference available.
No authoritative reference available.
|
|
|
Other financial gains (losses), net
No authoritative reference available.
No authoritative reference available.
|
|
|
Financial income, net
No authoritative reference available.
No authoritative reference available.
|
|
|
Profit (loss) before tax
No authoritative reference available.
No authoritative reference available.
|
|
|
| Income tax expense
|
|
Profit (loss) after tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Profit (loss) attributable to non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Profit (loss) attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
Basic earnings (loss) per share
No authoritative reference available.
No authoritative reference available.
|
|
|
Diluted earnings (loss) per share
No authoritative reference available.
No authoritative reference available.
|
|
|
|
|
|
|
Profit (loss) after tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Gains (losses) on exchange differences on translation, before tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Reclassification adjustments on exchange differences on translation, before tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Exchange differences on translation
No authoritative reference available.
No authoritative reference available.
|
|
|
Gains (losses) on remeasuring available-for-sale financial assets, before tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Reclassification adjustments on available-for-sale financial assets, before tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Available-for-sale financial assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Gains (losses) on cash flow hedges, before tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Reclassification adjustments on cash flow hedges, before tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Cash flow hedges
No authoritative reference available.
No authoritative reference available.
|
|
|
Actuarial gains (losses) on defined benefit plans, before tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Other comprehensive income before tax
No authoritative reference available.
No authoritative reference available.
|
|
|
| Income tax relating to components of other comprehensive income
|
|
Other comprehensive income after tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Total comprehensive income
No authoritative reference available.
No authoritative reference available.
|
|
|
Comprehensive income attributable to non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Comprehensive income attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
|
|
|
|
Profit (loss) after tax
No authoritative reference available.
No authoritative reference available.
|
|
|
Depreciation and amortization
No authoritative reference available.
No authoritative reference available.
|
|
|
Gains (losses) on disposals of non-current assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Gains (losses) on disposals of financial assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Impairment loss on financial assets recognized in profit
No authoritative reference available.
No authoritative reference available.
|
|
|
Decrease (increase) in sales and bad debt allowances on trade receivables
No authoritative reference available.
No authoritative reference available.
|
|
|
Other adjustments for non-cash items
No authoritative reference available.
No authoritative reference available.
|
|
|
| Deferred income taxes
|
|
Decrease (increase) in trade receivable
No authoritative reference available.
No authoritative reference available.
|
|
|
Decrease (increase) in other assets
No authoritative reference available.
No authoritative reference available.
|
|
|
Decrease (increase) in trade payable, provisions and other liabilities
No authoritative reference available.
No authoritative reference available.
|
|
|
Decrease (increase) in deferred income
No authoritative reference available.
No authoritative reference available.
|
|
|
Net cash flows from (used in) operating activities
No authoritative reference available.
No authoritative reference available.
|
|
|
Purchase of non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Business combinations, net of cash and cash equivalents acquired
No authoritative reference available.
No authoritative reference available.
|
|
|
Repayment of acquirees debt in business combinations
No authoritative reference available.
No authoritative reference available.
|
|
|
Purchase of intangible assets and property, plant, and equipment
No authoritative reference available.
No authoritative reference available.
|
|
|
Proceeds from sales of intangible assets or property, plant and equipment
No authoritative reference available.
No authoritative reference available.
|
|
|
Cash transfered to restricted cash
No authoritative reference available.
No authoritative reference available.
|
|
|
Use of restricted cash
No authoritative reference available.
No authoritative reference available.
|
|
|
Purchase of equity or debt instruments of other entities
No authoritative reference available.
No authoritative reference available.
|
|
|
Proceeds from sales of equity or debt instruments of other entities
No authoritative reference available.
No authoritative reference available.
|
|
|
Net cash flows from (used in) investing activities
No authoritative reference available.
No authoritative reference available.
|
|
|
Dividends paid
No authoritative reference available.
No authoritative reference available.
|
|
|
Purchase of treasury shares
No authoritative reference available.
No authoritative reference available.
|
|
|
Proceeds from reissuance of treasury shares
No authoritative reference available.
No authoritative reference available.
|
|
|
Proceeds from issuing shares (share-based compensation)
No authoritative reference available.
No authoritative reference available.
|
|
|
Proceeds from borrowings
No authoritative reference available.
No authoritative reference available.
|
|
|
Repayments of borrowings
No authoritative reference available.
No authoritative reference available.
|
|
|
Proceeds from the exercise of equity-based derivative financial instruments
No authoritative reference available.
No authoritative reference available.
|
|
|
Purchase of equity-based derivative instruments (hedge for cash-settled share-based payment plans)
No authoritative reference available.
No authoritative reference available.
|
|
|
Net cash flows from (used in) financing activities
No authoritative reference available.
No authoritative reference available.
|
|
|
Effect of foreign exchange rate changes on cash and cash equivalents
No authoritative reference available.
No authoritative reference available.
|
|
|
Net Increase (decrease) in cash and cash equivalents
No authoritative reference available.
No authoritative reference available.
|
|
|
Cash and cash equivalents at beginning of period
No authoritative reference available.
No authoritative reference available.
|
|
|
Cash and cash equivalents at end of period
No authoritative reference available.
No authoritative reference available.
|
|
|
|
|
|
|
Increase (decrease) through changes in accounting policies, issued capital
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through changes in accounting policies, share premium
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through changes in accounting policies, retained earnings
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through changes in accounting policies, other components of equity
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through changes in accounting policies, treasury shares
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through changes in accounting policies, equity attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through changes in accounting policies, non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Total increase (decrease) through changes in accounting policies
No authoritative reference available.
No authoritative reference available.
|
|
|
Comprehensive income, share premium
No authoritative reference available.
No authoritative reference available.
|
|
|
Comprehensive income, retained earnings
No authoritative reference available.
No authoritative reference available.
|
|
|
Comprehensive income, other components of equity
No authoritative reference available.
No authoritative reference available.
|
|
|
Comprehensive income, treasury shares
No authoritative reference available.
No authoritative reference available.
|
|
|
Comprehensive income attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
Comprehensive income attributable to non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Total comprehensive income
No authoritative reference available.
No authoritative reference available.
|
|
|
Share-based compensation, share premium
No authoritative reference available.
No authoritative reference available.
|
|
|
Share-based compensation, equity attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
Share-based compensation, non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Total share-based compensation
No authoritative reference available.
No authoritative reference available.
|
|
|
Dividends paid, retained earnings
No authoritative reference available.
No authoritative reference available.
|
|
|
Dividends paid, other components of equity
No authoritative reference available.
No authoritative reference available.
|
|
|
Dividends paid, equity attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
Dividends paid, non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Dividends paid
No authoritative reference available.
No authoritative reference available.
|
|
|
Treasury shares transactions, issued capital
No authoritative reference available.
No authoritative reference available.
|
|
|
|
|
|
Treasury shares transactions, retained earnings
No authoritative reference available.
No authoritative reference available.
|
|
|
Treasury shares transactions, other components of equity
No authoritative reference available.
No authoritative reference available.
|
|
|
Treasury shares transactions, treasury shares
No authoritative reference available.
No authoritative reference available.
|
|
|
Treasury shares transactions, equity attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
Treasury shares transactions, non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Total treasury shares transactions
No authoritative reference available.
No authoritative reference available.
|
|
|
Convertible bonds and stock options exercised, issued capital
No authoritative reference available.
No authoritative reference available.
|
|
|
Convertible bonds and stock options exercised, share premium
No authoritative reference available.
No authoritative reference available.
|
|
|
Convertible bonds and stock options exercised, retained earnings
No authoritative reference available.
No authoritative reference available.
|
|
|
Convertible bonds and stock options exercised, other components of equity
No authoritative reference available.
No authoritative reference available.
|
|
|
Convertible bonds and stock options exercised, equity attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
Convertible bonds and stock options exercised, non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Total convertible bonds and stock options exercised
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through transfers and other changes, issued capital
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through transfers and other changes, share premium
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through transfers and other changes, retained earnings
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through transfers and other changes, other components of equity
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through transfers and other changes, treasury shares
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through transfers and other changes, equity attributable to owners of parent
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through transfers and other changes, non-controlling interests
No authoritative reference available.
No authoritative reference available.
|
|
|
Increase (decrease) through transfers and other changes, equity
No authoritative reference available.
No authoritative reference available.
|
|
|
|
|
|
|
| Disclosure
of general information
|
(1)
General Information about Consolidated Financial
Statements
The
accompanying Consolidated
Financial Statements of SAP AG and its subsidiaries (collectively,
“we,” “us,” “our,”
“SAP,” “Group,” and “Company”) have been prepared in accordance with
International Financial Reporting Standards (IFRS). The designation
“IFRS”
includes all standards issued by the International Accounting Standards
Board (IASB)
and related interpretations issued by the International Financial
Reporting Interpretations
Committee (IFRIC).
We
have applied all standards
and interpretations that were effective on and endorsed by the European
Union (EU)
as at December 31, 2009. There were no standards or interpretations
impacting
our Consolidated Financial Statements for the years ended December 31,
2009,
2008, and 2007 that were effective but not yet endorsed. Therefore our
Consolidated
Financial Statements comply with both IFRS as issued by the IASB and
with IFRS
as endorsed by the EU.
SAP’s
Executive Board approved
the Consolidated Financial Statements on March 10, 2010 for submission
to the
Company’s Supervisory Board.
All
amounts included in the
Consolidated Financial Statements are reported in millions of euros (€
millions) except where otherwise stated. Due to rounding, numbers
presented
throughout this document may not add up precisely to the totals we
provide and
percentages may not precisely reflect the absolute figures.
|
|
|
|
|
|
|
Disclosure of scope of consolidation
No authoritative reference available.
No authoritative reference available.
|
|
(2) Scope of Consolidation
The Consolidated Financial
Statements include SAP AG and all entities that are controlled directly or
indirectly by SAP AG. We fully consolidate one entity in which we hold only 49%
of the voting shares, due to an agreement with the majority shareholder which
provides that SAP fully controls the entity, receives all benefits, and incurs
all risks. All other consolidated entities are majority-owned.
All SAP entities prepare their
financial statements as at December 31. All financial statements were prepared
applying the same Group IFRS accounting and valuation principles. Intercompany
transactions and balances relating to consolidated entities have been
eliminated.
The following table summarizes
the change in the number of legal entities included in the Consolidated
Financial Statements.
The additions relate to legal
entities added in connection with acquisitions and foundations. The disposals
are due to mergers and liquidations of consolidated or acquired legal entities.
The 2009 changes in the scope of
companies included in the Consolidated Financial Statements have no impact on
the comparability with the 2008 Consolidated Financial Statements. In 2008, we
acquired Business Objects, which was material to SAP and affected comparability
with our 2007 Consolidated Financial Statements. For additional information on
our business combinations and the effect on our Consolidated Financial
Statements, see Note (4).
|
|
|
|
|
|
|
Disclosure of summary of significant accounting policies
No authoritative reference available.
No authoritative reference available.
|
|
|
|
|
|
|
Disclosure of business combinations
No authoritative reference available.
No authoritative reference available.
|
|
|
|
|
|
|
Disclosure of revenue
No authoritative reference available.
No authoritative reference available.
|
|
(5) Revenue
Detailed information on our
revenue recognition policies is disclosed in Note (3).
Revenue information by segment
and geographic region is disclosed in Note (29).
Revenues from construction-type
contracts (contract revenues) are included in software revenue and consulting
revenue depending on the type of project. During fiscal years 2009, 2008, and
2007 we recognized €635 million, €634 million, and €559 million of contract
revenue, respectively. The status of our construction projects in progress at
the end of the reporting period was as follows:
|
Construction
Projects in Progress
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
|
|
|
|
Aggregate
cost incurred (multi-year)
|
551
|
497
|
540
|
|
Recognized
result (+profit/-loss)
|
92
|
83
|
3
|
|
Advance
payments received
|
8
|
0
|
0
|
|
Gross
amounts due from customers
|
124
|
94
|
90
|
|
Gross
amounts due to customers
|
66
|
101
|
81
|
|
Recognized
losses/loss provisions
|
5
|
7
|
18
|
|
Retentions
|
2
|
2
|
1
|
|
|
|
|
|
|
|
Disclosure of expenses by nature and headcount
No authoritative reference available.
No authoritative reference available.
|
|
|
|
|
|
|
Disclosure of restructuring expenses
No authoritative reference available.
No authoritative reference available.
|
|
(7) Restructuring
In January 2009, we announced
that we would continue with our cost-saving measures initiated in October 2008
and would reduce the workforce from 51,544 positions to 48,500 by year-end
2009.
As a result, we started to
implement the restructuring plan in the first quarter of 2009 and continued
with it throughout the year. Although part of the workforce reduction was
achieved through attrition we eliminated 2,983 positions in 2009 by terminations
and early retirement plans. Due to the reduced number of employees, we also
consolidated certain facilities.
Employee and facility-related restructuring
expenses of €55 million that were recognized in 2008 related to restructuring
activities incurred as a result of the acquisition of Business Objects. The
remaining €5 million related to employee-related restructuring activities in
connection with discontinuing our TomorrowNow activities.
For additional information on
the roll-forward of our restructuring provision, see Note (19b).
|
Restructuring
Expenses
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
Employee-related
restructuring expenses
|
187
|
23
|
1
|
|
Facility-related
restructuring expenses
|
11
|
37
|
1
|
|
|
|
|
|
Total
|
198
|
60
|
2
|
As restructuring expenses were
material to our operations in 2009, we have presented those expenses separately
in our Consolidated Income Statements in accordance with IAS 1.97, If not presented
separately, these expenses would break down as follows:
|
Restructuring
Expenses
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
Cost of
software and software-related services
|
17
|
11
|
0
|
|
Cost of
professional services and other services
|
60
|
9
|
2
|
|
Research
and development
|
48
|
15
|
0
|
|
Sales and
marketing
|
59
|
20
|
0
|
|
General
and administration
|
14
|
5
|
0
|
|
|
|
|
|
|
Total
|
198
|
60
|
2
|
|
|
|
|
|
|
|
Disclosure of other operating income (expense), net
No authoritative reference available.
No authoritative reference available.
|
|
(8) Other Operating Income/Expense, Net
Other operating income/expense
for the years ended December 31, was as follows:
|
Other
Operating Income/Expenses
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
|
|
|
|
General
bad debt income/expenses
|
7
|
-9
|
3
|
|
Miscellaneous
other operating expenses
|
-3
|
-2
|
0
|
|
Rental
income
|
7
|
7
|
5
|
|
Receipt of
insurance proceeds
|
3
|
4
|
3
|
|
Gain on
disposals of non-current assets
|
11
|
0
|
0
|
|
Miscellaneous
other operating income
|
8
|
11
|
7
|
|
Other
operating income/expense, net
|
33
|
11
|
18
|
|
|
|
|
|
|
|
Disclosure of other non-operating income (expense), net
No authoritative reference available.
No authoritative reference available.
|
|
(9) Other Non-operating Income/Expense, Net
Other non-operating income/expense
for the years ended December 31, was as follows:
|
Other
Non-Operating Income/Expense, Net
|
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
|
|
|
|
Foreign
currency gain/loss, net
|
-73
|
2
|
6
|
|
thereof
realized gain/loss
|
89
|
-32
|
76
|
|
thereof
unrealized gain/loss
|
-168
|
66
|
-71
|
|
thereof
embedded derivatives
|
6
|
-32
|
1
|
|
Other
non-operating income
|
8
|
5
|
12
|
|
Other
non-operating expenses
|
-8
|
-34
|
-16
|
|
Other
non-operating income/expense
|
-73
|
-27
|
2
|
|
|
|
|
|
|
|
Disclosure of financial income, net
No authoritative reference available.
No authoritative reference available.
|
|
(10) Financial Income, Net
Finance income and finance costs
in 2009 amounted to €32 million (€72 million in 2008; €142 million in 2007) and
€101 million (€123 million in 2008; €7 million in 2007), respectively. We
derive finance income primarily from cash and cash equivalents and other
financial assets. The increase in finance costs in 2008 was mainly due to the
credit facility we entered into in connection with the acquisition of Business
Objects.
Other financial gains/losses,
net for the years ended December 31 were as follows:
|
Other Financial Gains/Losses, Net
|
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
|
|
|
|
Income/expense
from securities
|
0
|
-2
|
240
|
|
Income/expense
from loans and other financial assets
|
-1
|
0
|
-244
|
|
Gains/losses
from equity investments
|
-11
|
2
|
-6
|
|
Share
of results of associates
|
1
|
1
|
-1
|
|
Other financial gains/losses, net
|
-11
|
1
|
-11
|
The line items income/expense
from securities and income/expense from loans and other financial assets relate
to €241 million of collateral held to secure financing investments in 2007.
For additional information about
gains and losses from financial assets and financial liabilities recognized in
profit or loss and other components of equity, see Note (27). For information
about our hedging activities, see Note (26).
|
|
|
|
|
|
|
| Disclosure of income tax
|
(11) Income Tax
Income tax expense for the years
ended December 31 comprised the following components:
|
Income Tax
Expense
|
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
|
|
|
|
Current
tax expense – Germany
|
344
|
404
|
498
|
|
Current
tax expense – foreign
|
380
|
463
|
410
|
|
724
|
867
|
908
|
|
|
|
|
|
Deferred
tax expense/income – Germany
|
-16
|
11
|
36
|
|
Deferred
tax income – foreign
|
-23
|
-102
|
-28
|
|
-39
|
-91
|
8
|
|
Income tax
expense
|
685
|
776
|
916
|
Current tax expense includes €-59
million for prior years (2008: €14 million; 2007: €36 million).
Of the deferred tax expense
(income) in 2009, 2008 and 2007, respectively, €-48 million, €-109 million and
€9 million relate to the origination and reversal of temporary differences and
€9 million, €18 million and €-1 million relate to unused tax losses.
In 2009, 2008, and 2007, the
German government enacted several new tax laws. For us, the most significant
effect resulted from the 2008 Business Tax Reform which was enacted in 2007 and
led to a reduction of the German corporate income tax rate from 25% to 15%,
effective January 1, 2008. The impact of the remaining tax law changes enacted
in 2007, and of the tax laws enacted in 2008 and 2009, was not material to our Consolidated
Financial Statements for the years ended December 31, 2009, 2008, and 2007.
Profit before tax consisted of
the following:
|
Profit
Before Tax
|
|
|
|
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
|
|
|
|
Germany
|
1,324
|
1,636
|
1,641
|
|
Foreign
|
1,111
|
988
|
1,183
|
|
2,435
|
2,624
|
2,824
|
The effective income tax rate
for the years ended December 31, 2009, 2008, and 2007, was 28.1%, 29.6% and
32.4%, respectively. The following table reconciles the expected income tax
expense computed by applying our combined German corporate tax rate of 26.21% (2008:
26.33%; 2007: 35.49%) to the actual income tax expense. Our 2009 combined
German corporate tax rate includes a corporate income tax rate of 15.00% (2008:
15.00%; 2007: 21.91%; 2007 after the benefit of trade tax deductibility which
ceased in 2008), plus a solidarity surcharge of 5.5% thereon, and trade taxes
of 10.38% (2008: 10.50%; 2007: 12.38%).
|
Reconciliation of Tax Expense
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
|
|
|
|
Profit before tax
|
2,435
|
2,624
|
2,824
|
|
|
|
|
|
Tax
expense at applicable tax rate
|
638
|
691
|
1,002
|
|
Tax
effect of foreign tax rates
|
57
|
49
|
-44
|
|
Tax
effect on non-deductible expenses
|
94
|
56
|
49
|
|
Prior-year
taxes
|
-45
|
14
|
-18
|
|
Tax
effect on tax exempt income
|
-52
|
-49
|
-77
|
|
Other
|
-7
|
15
|
4
|
|
Total tax expense
|
685
|
776
|
916
|
Deferred tax assets and
liabilities on a gross basis as at December 31, 2009 and 2008, are summarized
(referring to the underlying items) as follows:
|
Deferred Tax Assets and
Liabilities
|
|
|
|
|
€ millions
|
2009
|
2008
|
|
|
|
|
Deferred tax assets
|
|
|
|
Intangible
assets
|
69
|
49
|
|
Property,
plant, and equipment
|
15
|
19
|
|
Other
financial assets
|
13
|
33
|
|
Trade
and other receivables
|
120
|
111
|
|
Net
operating loss carryforwards
|
29
|
44
|
|
Pension
provisions
|
37
|
37
|
|
Share-based
compensation
|
23
|
20
|
|
Other
provisions and obligations
|
171
|
187
|
|
Deferred
income
|
30
|
35
|
|
Other
|
78
|
60
|
|
Deferred tax assets
|
585
|
595
|
|
|
|
|
Deferred tax liabilities
|
|
|
|
Intangible
assets
|
178
|
191
|
|
Property,
plant, and equipment
|
34
|
37
|
|
Other
financial assets
|
36
|
63
|
|
Trade
and other receivables
|
38
|
22
|
|
Pension
provisions
|
59
|
57
|
|
Share-based
compensation
|
0
|
1
|
|
Other
provisions and obligations
|
5
|
6
|
|
Deferred
income
|
0
|
4
|
|
Other
|
27
|
12
|
|
Deferred tax liabilities
|
377
|
393
|
|
Deferred tax assets, net
|
208
|
202
|
In assessing the realizability
of deferred tax assets, we consider whether it is probable that some portion or
all of the deferred tax assets will not be utilized. The ultimate utilization
of deferred tax assets depends on the generation of future taxable income
during the periods in which those temporary differences become deductible.
Based on the level of historical taxable income and projections for future
taxable income over the periods in which the deferred tax assets are
recoverable, we believe it is probable that we will realize the benefits of
these deductible differences, net of the existing valuation allowances at
December 31, 2009. The amount of the deferred tax asset considered realizable,
however, could be reduced in the near term if our estimates of future taxable
income during the carryforward period are reduced.
At December 31, 2009, we had net
operating loss carryforwards amounting to €301 million (2008: €395 million; 2007:
€138 million). Deferred tax assets have not been recognized for tax loss
carryforwards in the amount of €147 million (2008: €188 million; 2007: €51
million). As at December 31, 2009, €1 million (2008: €4 million; 2007: €1
million) of the unrecognized tax loss carryforwards expire in the following
period and €138 million (2008: €176 million; 2007: €45 million) expire after
one up to twenty years. The remaining unrecognized tax loss carryforwards in
the amount of €8 million (2008: €8 million; 2007: €5 million) do not expire.
We recognized deferred tax
liabilities of €6 million (2008: €14 million) for income tax on future dividend
distributions from foreign subsidiaries, which is based on €368 million (2008:
€696 million) of cumulative undistributed profits of those foreign subsidiaries
because such profits are intended to be repatriated. We have not recognized a
deferred tax liability on approximately € 3.60 billion (2008: €2.76 billion)
for undistributed profits of our foreign subsidiaries that arose in 2009 and
prior years because we plan to indefinitely reinvest those undistributed profits.
It is not practicable to estimate the amount of unrecognized tax liabilities
for these undistributed foreign profits.
The proposed dividend payment of
€0.50 per share for the year ended December 31, 2009, will not have any effects
on the income tax of SAP AG.
Total income tax including the
items charged or credited directly to related components of equity for the
years ended December 31, 2009, 2008, and 2007, consists of the following:
|
Total
Income Tax
|
|
|
|
|
|
€ millions
|
2009
|
2008
|
2007
|
|
|
|
|
|
Income tax
recorded in profit
|
685
|
776
|
916
|
|
Income tax
recorded in share premium
|
0
|
-13
|
0
|
|
Income tax
recorded in other components of equity:
|
|
|
|
|
-
unrealized gains / losses on marketable
securities
|
1
|
0
|
0
|
|
- gains /
losses on hedges
|
11
|
-18
|
-1
|
|
Income tax
recorded to retained earnings
|
|
|
|
|
-
unrecoginzed pension costs
|
0
|
-21
|
-3
|
|
697
|
724
|
912
|
The income tax recorded in share
premium is related to our equity-settled share-based compensation.
|
|
|
|
|
|
|
Disclosure of earnings per share
No authoritative reference available.
No authoritative reference available.
|
|
(12) Earnings per Share
Convertible bonds and stock options
granted to employees under our share-based compensation programs are included
in the diluted earnings per share calculations to the extent they have a
dilutive effect. The dilutive impact is calculated
using the treasury share method. The computation of
diluted earnings per share does not include certain convertible bonds and stock
options issued in connection with the SAP AG 2000 Long Term Incentive Plan (LTI
2000 Plan) and the SAP Stock Option Plan 2002 (SAP SOP 2002) because their
effect is antidilutive. Such convertible bonds and
stock options, if converted or exercised, represented 35.8 million SAP common
shares in 2009 (2008: 43.6 million SAP common shares; 2007: 37.3 million SAP
common shares). The number of outstanding stock options and convertible bonds
is presented in Note (28).
|
Earnings
per Share
|
|
|
|
|
|
€
millions, unless otherwise stated
|
2009
|
2008
|
2007
|
|
|
|
|
|
Profit
attributable to owners of parent
|
1,748
|
1,847
|
1,906
|
|
|
|
|
|
Weighted
average shares - basic
(number of
shares in millions)
|
1,188
|
1,190
|
1,207
|
|
Dilutive
effect of stock options/convertible bonds (number of shares in millions)
|
1
|
1
|
3
|
|
Weighted
average shares - diluted
(number of
shares in millions)
|
1,189
|
1,191
|
1,210
|
|
|
|
|
|
Basic
earnings per share, in €
|
1.47
|
1.55
|
1.58
|
|
Diluted
earnings per share, in €
|
1.47
|
1.55
|
1.58
|
|
|
|
|
|
|
|
Disclosure of other financial statements
No authoritative reference available.
No authoritative reference available.
|
|
(13) Other Financial Assets
|
2009
|
2008
|
|
€ millions
|
Current
|
Non-Current
|
Total
|
Current
|
Non-Current
|
Total
|
|
|
|
|
|
|
|
|
Loans and
other financial receivables
|
422
|
168
|
590
|
23
|
159
|
182
|
|
Debt
investments
|
0
|
0
|
0
|
382
|
0
|
382
|
|
Equity
investments
|
0
|
87
|
87
|
0
|
74
|
74
|
|
Available-for-sale
financial assets
|
0
|
87
|
87
|
382
|
74
|
456
|
|
Derivatives
|
64
|
2
|
66
|
183
|
8
|
191
|
|
Investments
in associates
|
0
|
27
|
27
|
0
|
21
|
21
|
|
|
|
|
|
|
|
|
Total
|
486
|
284
|
770
|
588
|
262
|
850
|
Loans and Other Financial Receivables
Loans and other financial
receivables mainly consist of time deposits (2009: €405 million; 2008: €0
million), investments in insurance policies relating to pension assets (2009:
€91 million; 2008: €81 million), loans to employees (2009: €50 million; 2008:
€53 million) and other receivables (2009: €39 million; 2008: €44 million).
These spread over the geographic areas as follows:
|
€ millions
|
|
2009
|
2008
|
|
|
|
|
|
Germany
|
|
542
|
135
|
|
Rest of
EMEA
|
|
17
|
16
|
|
United
States
|
|
1
|
2
|
|
Rest of
Americas
|
|
7
|
2
|
|
Japan
|
|
14
|
16
|
|
Rest of
Asia Pacific Japan
|
|
9
|
11
|
|
Total
|
|
590
|
182
|
Most of our time deposits have a
maturity of less than six months.
Investments in insurance
policies relate to semiretirement and time accounts for which the corresponding
liability is included in employee-related obligations (see Note 19b).
Loans to third parties are presented
net of allowances for credit losses. Changes in the allowance for credit losses
of third-party loans were not significant in any period presented.
As at December 31, 2009, there
were no loans and other financial receivables past due but not impaired. We have no indications as at the reporting date of impairments of
loans and other financial receivables that are not past due and not impaired. For general information on financial risk and the nature of risk,
see Note (25).
Available-for-Sale Financial
Assets
The decline in debt investments,
which at December 31, 2008 consisted
mainly of investments in money market funds of €193
million and investment grade bonds of €189 million, is due to these investments
reaching their maturity and being paid back in full.
Our equity investments consist
of securities with and without quoted market prices. Our equity investments without quoted market
prices primarily consist of venture capital investments with a carrying value
of €62 million and €63 million as at December 31, 2009 and 2008, respectively.
Available-for-sale financial
assets are denominated in the following currencies:
|
€ millions
|
2009
|
2008
|
|
|
|
|
Euros
|
34
|
303
|
|
U.S.
dollars
|
52
|
134
|
|
Other
|
1
|
19
|
|
87
|
456
|
Sales of equity investments
accounted for at cost were immaterial in all periods presented. As of December
31, 2009, we do not intend to dispose of any equity investments at cost in the
near future. For information on fair value measurement with regard to our
equity investments at cost, see Note (27).
In all periods presented,
impairment charges relating to equity securities at fair value were immaterial.
For our equity investments at cost, we recorded €11 million, €12
million, and €6 million, respectively, in losses related to impairments during 2009, 2008, and 2007.
Derivatives
Detailed information about our
derivative financial instruments is presented in Note (26).
|
|
|
|
|
|
|
Disclosure of trade and other receivables
No authoritative reference available.
No authoritative reference available.
|
|
(14) Trade and Other Receivables
|
Trade and
Other Receivables
|
|
|
|
|
|
|
|
|
|
|
2009
|
|
|
2008
|
|
€ millions
|
Current
|
Noncurrent
|
Total
|
Current
|
Noncurrent
|
Total
|
|
|
|
|
|
|
|
|
Trade
receivables, net
|
2,507
|
1
|
2,508
|
3,128
|
2
|
3,130
|
|
Other
receivables
|
39
|
51
|
90
|
50
|
39
|
89
|
|
Total
trade and other receivables
|
2,546
|
52
|
2,598
|
3,178
|
41
|
3,219
|
Trade receivables, net include unbilled
receivables related to fixed-fee and time-and-material consulting services of €211
million and €221 million as at December 31, 2009, and 2008, respectively.
The carrying amounts of our trade
receivables as at December 31 are as follows:
|
Carrying
Amounts of Trade Receivables
|
|
|
|
|
€ millions
|
2009
|
2008
|
|
|
|
|
Gross
carrying amount
|
2,698
|
3,263
|
|
Sales
allowances charged to revenue
|
-142
|
-82
|
|
Allowance
for doubtful accounts charged to expense
|
-48
|
-51
|
|
Carrying
amount trade receivables, net
|
2,508
|
3,130
|
Changes in the allowance for
doubtful accounts were as follows:
Concentrations of credit risks
are limited due to our large customer base and its distribution across many
different industries and countries worldwide. No single customer accounted for 10%
or more of total revenue or total trade receivables, net in 2009, 2008, or
2007. The aging of trade receivables as at December 31 was:
|
Aging of
Trade Receivables
|
|
|
|
|
€ millions
|
2009
|
2008
|
|
|
|
|
Not past
due and not individually impaired
|
1,861
|
2,276
|
|
Past due
but not individually impaired
|
|
|
|
Past due 1-30 days
|
264
|
363
|
|
Past due 31-120 days
|
156
|
292
|
|
Past due 121-365 days
|
67
|
124
|
|
Past
due over 365 days
|
60
|
33
|
|
Total past
due and not individually impaired
|
547
|
812
|
|
Individually
impaired, net of allowances
|
100
|
42
|
|
Carrying
amount of trade receivables, net
|
2,508
|
3,130
|
Total past due and not
individually impaired trade receivables of €547 million and €812 million as at
December 31, 2009, and 2008, respectively, consist of past due trade
receivables which are not impaired on an individual receivable basis as
outlined under Note (3b). Individually impaired trade receivables, net of
allowances of €100 million and €42 million as at December 31, 2009, and 2008,
respectively, consist of past due and not past due trade receivables that are
fully or partly impaired on an individual receivables basis.
We believe that the recorded
sales and bad debt allowances adequately provide for the credit risk inherent
in trade receivables.
For more information about
financial risk and how we manage it, see Note (25) and (26).
|
|
|
|
|
|
|
Disclosure of other non-financial assets
No authoritative reference available.
No authoritative reference available.
|
|
(15) Other Non-financial Assets
|
Other
Non-financial Assets
|
|
|
|
|
|
|
|
|
|
|
2009
|
|
|
2008
|
|
€ millions
|
Current
|
Noncurrent
|
Total
|
Current
|
Noncurrent
|
Total
|
|
|
|
|
|
|
|
|
Prepaid
expenses
|
91
|
35
|
126
|
84
|
32
|
116
|
|
Other tax
assets
|
35
|
0
|
35
|
27
|
0
|
27
|
|
Advance
payments
|
8
|
0
|
8
|
8
|
0
|
8
|
|
Inventories
|
11
|
0
|
11
|
5
|
0
|
5
|
|
Miscellaneous
other assets
|
2
|
0
|
2
|
2
|
0
|
2
|
|
Total
other non-financial assets
|
147
|
35
|
182
|
126
|
32
|
158
|
Prepaid expenses primarily
consist of prepayments for operating leases, support services and software
royalties that will be charged to expense in future periods.
|
|
|
|
|
|
|
Disclosure of goodwill and intangible assets
No authoritative reference available.
No authoritative reference available.
|
|
(16) Goodwill and Intangible Assets
|
€ millions
|
Goodwill
|
Software
and Database Licenses
|
Acquired
Technology
|
Other
Intangibles
|
Total
|
|
|
|
|
|
|
|
Purchase
cost
|
|
|
|
|
|
|
1/1/2009
|
5,070
|
323
|
646
|
763
|
6,802
|
|
Exchange
rate differences
|
-23
|
1
|
-6
|
-4
|
-32
|
|
Additions
from business combination
|
41
|
0
|
29
|
3
|
73
|
|
Other additions
|
0
|
19
|
0
|
0
|
19
|
|
Retirements/disposals
|
0
|
-9
|
-6
|
-4
|
-19
|
|
12/31/2009
|
5,088
|
334
|
663
|
758
|
6,843
|
|
|
|
|
|
|
|
Accumulated
amortization
|
|
|
|
|
|
|
1/1/2009
|
95
|
191
|
250
|
151
|
687
|
|
Exchange
rate differences
|
-1
|
1
|
-3
|
-2
|
-5
|
|
Additions
depreciation
|
0
|
36
|
135
|
121
|
292
|
|
Retirements/disposals
|
0
|
-9
|
-6
|
-4
|
-19
|
|
12/31/2009
|
94
|
219
|
376
|
266
|
955
|
|
Carrying
value 12/31/2009
|
4,994
|
115
|
287
|
492
|
5,888
|
|
|
|
|
|
|
|
Purchase
cost
|
|
|
|
|
|
|
1/1/2008
|
1,521
|
264
|
286
|
121
|
2,192
|
|
Exchange
rate differences
|
38
|
-1
|
13
|
12
|
62
|
|
Additions
from business combination
|
3,511
|
16
|
347
|
630
|
4,504
|
|
Other
additions
|
0
|
50
|
0
|
0
|
50
|
|
Retirements/disposals
|
0
|
-6
|
0
|
0
|
-6
|
|
12/31/2008
|
5,070
|
323
|
646
|
763
|
6,802
|
|
|
|
|
|
|
|
Accumulated
amortization
|
|
|
|
|
|
|
1/1/2008
|
95
|
151
|
96
|
19
|
361
|
|
Exchange
rate differences
|
0
|
0
|
1
|
4
|
5
|
|
Additions
depreciation
|
0
|
44
|
153
|
128
|
325
|
|
Retirements/disposals
|
0
|
-4
|
0
|
0
|
-4
|
|
12/31/2008
|
95
|
191
|
250
|
151
|
687
|
|
Carrying
value 12/31/2008
|
4,975
|
132
|
396
|
612
|
6,115
|
The additions to goodwill result
from our acquisitions (€42 million) and adjustments to goodwill of previous
acquisitions (€ -1 million). For more information about acquisitions, see Note (4).
We do not have contractual commitments for the acquisition of intangibles.
Software and database licenses
consist primarily of technology for internal use whereas acquired technology
consists primarily of purchased software to be incorporated into our product
offerings and in-process research and development. The additions to software and
database licenses in 2009 and 2008 were individually acquired from third
parties and include cross license agreements and patents, whereas the additions
to acquired technology and other intangibles primarily result from our business
combinations discussed in Note (4).
Other intangibles consist
primarily of acquired trademark licenses and customer contracts.
We carry the following
significant intangible assets:
|
Significant
Intangible Assets
|
|
Description
|
Carrying
amount in € million
|
Remaining
useful life in years
|
|
Business
Objects Maintenance related Customer Relationship
|
270
|
14
|
|
Other
Business Objects Customer Relationship
|
95
|
6-9
|
|
Total
Customer Relationship value Business Objects
|
365
|
|
Amortization expenses of
intangible assets are included in cost of software and software-related
services, cost of professional services and other services, research and
development, sales and marketing as well as general and administration based on
usage. Impairment charges are recognized in other operating income.
For the purpose of impairment
testing, goodwill is allocated to our reportable segments Product, Consulting
and Training which represent the lowest level of cash-generating units within
the Group at which the goodwill is monitored for internal management purposes.
The carrying amount of goodwill
by reportable segment at December 31, 2009, and 2008, was as follows:
|
Goodwill
by Segments
|
|
|
|
|
|
|
|
|
€ millions
Segment
|
12/31/2009
|
Thereof
Additions in 2009
|
12/31/2008
|
Thereof
Additions in 2008
|
|
|
|
|
|
|
|
|
|
Product
|
4,160
|
38
|
4,136
|
3,126
|
|
|
Consulting
|
687
|
2
|
692
|
280
|
|
|
Training
|
147
|
1
|
147
|
105
|
|
|
Total
|
4,994
|
41
|
4,975
|
3,511
|
|
For more information about our
segments see Note (29).
The recoverable amount of our
cash-generating units, which equal our segments, has been determined based on
the value in use calculation. The segments are in complementary businesses and
consequently the recoverable amounts are based to a certain extent on the same
key assumptions.
The key assumptions that we have
used for purposes of goodwill impairment testing in 2009 are as follows:
|
|
Product
|
Consulting
|
Training
|
|
Discount rates
|
11%
|
11.15%
|
10.75%
|
|
Growth rate assumed for the
business plan
|
10-15%
|
8-9%
|
8-9%
|
The calculations use cash flow
projections based on actual operating results and a five-year business plan
(2008: two-year business plan) approved by management. Cash flows for periods
beyond this five-year business plan were extrapolated using a segment-specific growth rate. This growth
rate does not exceed the long-term average growth rate for the market in which
our cash-generating units operate. Our estimated cash flow projections are
discounted to present value by means of a pre-tax discount rate between 10.75%
and 11.15% (2008: 10.78% and 10.86%). The discount rate is based on a weighted
average cost of capital approach (WACC).
Management believes that no
reasonably possible change in any of the above key assumptions would cause the
carrying value of any cash-generating unit to exceed its recoverable amount. Even
if we applied a growth rate of only 0% for extrapolating cash flow projections
beyond the years covered by our 2009 business plan (2008: value in use based on
growth rates of 0%) for calculating the value-in-use for all cash-generating
units, the calculated amounts would still exceed the carrying amounts.
|
|
|
|
|
|
|
Disclosure of property, plant and equipment
No authoritative reference available.
No authoritative reference available.
|
|
(17) Property, Plant, and Equipment
|
€ millions
|
Land
and Buildings
|
Other
Property,
Plant,
and
Equipment
|
Advance
Payments
and
Construction in Progress
|
Total
|
|
|
|
|
|
|
Purchase
cost
|
|
|
|
|
|
1/1/2009
|
1,165
|
1,260
|
76
|
2,501
|
|
Exchange
rate differences
|
-2
|
2
|
0
|
0
|
|
Additions
from business combinations
|
0
|
1
|
0
|
1
|
|
Other
additions
|
91
|
150
|
-35
|
206
|
|
Retirements/disposals
|
-10
|
-136
|
0
|
-146
|
|
Transfers
|
8
|
0
|
-8
|
0
|
|
12/31/2009
|
1,252
|
1,277
|
33
|
2,562
|
|
|
|
|
|
|
Accumulated
depreciation
|
|
|
|
|
|
1/1/2009
|
348
|
748
|
0
|
1,096
|
|
Exchange
rate differences
|
0
|
1
|
0
|
1
|
|
Additions
depreciation
|
41
|
162
|
0
|
203
|
|
Impairments
|
1
|
2
|
0
|
3
|
|
Retirements/disposals
|
-8
|
-104
|
0
|
-112
|
|
12/31/2009
|
382
|
809
|
0
|
1,191
|
|
Carrying
value 12/31/2009
|
870
|
468
|
33
|
1,371
|
|
|
|
|
|
|
|
|
|
|
|
Purchase
cost
|
|
|
|
|
|
1/1/2008
|
1,108
|
1,213
|
32
|
2,353
|
|
Exchange
rate differences
|
7
|
-7
|
0
|
0
|
|
Additions
from business combinations
|
25
|
29
|
0
|
54
|
|
Other
additions
|
45
|
186
|
59
|
290
|
|
Retirements/disposals
|
-18
|
-178
|
0
|
| | | | | |