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2011-01-01 2011-03-31 0000943042 ifrs:NoncontrollingInterestsMember 2011-03-31 0000943042 ifrs:RetainedEarningsMember 2012-03-31 0000943042 ifrs:EquityAttributableToOwnersOfParentMember 2012-01-01 2012-03-31 0000943042 2011-12-31 0000943042 ifrs:SharePremiumMember 2012-01-01 2012-03-31 0000943042 ifrs:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember 2011-01-01 2011-03-31 0000943042 ifrs:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember 2012-01-01 2012-03-31 0000943042 ifrs:IssuedCapitalMember 2012-03-31 0000943042 ifrs:IssuedCapitalMember 2012-01-01 2012-03-31 0000943042 ifrs:TreasurySharesMember 2011-01-01 2011-03-31 0000943042 ifrs:IssuedCapitalMember 2011-03-31 0000943042 ifrs:EquityAttributableToOwnersOfParentMember 2011-12-31 0000943042 ifrs:ReserveOfCashFlowHedgesMember 2010-12-31 0000943042 ifrs:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember 2012-03-31 0000943042 ifrs:EquityAttributableToOwnersOfParentMember 2011-03-31 0000943042 ifrs:ReserveOfExchangeDifferencesOnTranslationMember 2010-12-31 0000943042 ifrs:SharePremiumMember 2012-03-31 0000943042 ifrs:TreasurySharesMember 2012-01-01 2012-03-31 0000943042 ifrs:IssuedCapitalMember 2010-12-31 0000943042 ifrs:NoncontrollingInterestsMember 2012-03-31 0000943042 ifrs:NoncontrollingInterestsMember 2011-01-01 2011-03-31 0000943042 2010-12-31 0000943042 ifrs:EquityAttributableToOwnersOfParentMember 2012-03-31 0000943042 ifrs:RetainedEarningsMember 2010-12-31 0000943042 ifrs:SharePremiumMember 2011-03-31 0000943042 ifrs:IssuedCapitalMember 2011-12-31 0000943042 ifrs:IssuedCapitalMember 2011-01-01 2011-03-31 iso4217:EUR iso4217:EUR shares shares <div><font style="font-face: Times New Roman" size="3" color="#000000">(5) Employee Benefits Expense and Headcount</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Employee benefits expense comprises the following:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Employee Benefits Expense</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: BentonSans Bold" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Salaries</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,278</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,168</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Social security expense</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">201</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">178</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Share-based payment expense</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">83</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">52</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Pension expense</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">62</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">54</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Termination benefits</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">10</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">14</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Employee benefits expense</font></div></td> <td width="68" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,633</font></div></td> <td width="68" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,466</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">We acquired SuccessFactors on February 21, 2012. As a result, the acquisition-related expenseis &nbsp;only included in the data for 2012 as of the acquisition date -&nbsp;and not in the data for the previous year. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">On March 31, 2012, the breakdown of our full-time equivalent employee numbers by function in SAP and by region was as follows -&nbsp;the increase in headcount in the SAP Group to 59,420 includes 1.866 employees from additions from business combinations (especially SuccessFactors) in the first quarter of 2012.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Number of Employees (in Full-Time Equivalents)</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="203" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td colspan="4" width="205" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">March 31, 2012</font></div></td> <td colspan="4" width="205" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">March 31, 2011</font></div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Full-time equivalents</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">EMEA</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Americas</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Asia Pacific Japan</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">EMEA</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Americas</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Asia Pacific Japan</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Software and software-related services</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">4,334</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,289</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,032</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">9,655</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,861</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,907</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,397</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">8,165</font></div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Professional services and other services</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">6,832</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">4,258</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,636</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">13,726</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">6,842</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,944</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,445</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">13,231</font></div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Research and development </font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">8,834</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,367</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">4,561</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">16,762</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">8,694</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,170</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">4,054</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">15,918</font></div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Sales and marketing </font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">5,220</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">5,239</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,626</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">13,085</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">4,584</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">4,158</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,175</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">10,917</font></div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">General and administration </font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,104</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,268</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">588</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,960</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,036</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,034</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">520</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,590</font></div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Infrastructure </font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,224</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">727</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">281</font></div></td> <td width="51" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,232</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,163</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">621</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">267</font></div></td> <td width="51" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,051</font></div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">SAP Group (March 31)</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">28,548</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">17,148</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">13,724</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">59,420</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">27,180</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">14,834</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">11,858</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">53,872</font></div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="51" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="51" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="51" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="51" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="51" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="51" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="51" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="51" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="203" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">SAP Group (average first three months)</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">28,329</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">16,623</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">13,314</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">58,266</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">27,136</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">14,842</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">11,821</font></div></td> <td width="51" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">53,799</font></div></td> </tr> <tr> <td width="203"></td> <td width="51"></td> <td width="51"></td> <td width="51"></td> <td width="51"></td> <td width="51"></td> <td width="51"></td> <td width="51"></td> <td width="51"></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font><font style="font-face: Times New Roman" size="3" color="#000000">The allocations of expenses for share-based payments to the various expense items are as follows: </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Share-Based Payments</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="371" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="132" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> <td width="132" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="371" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Cost of software and software-related services</font></div></td> <td width="132" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">6</font></div></td> <td width="132"><div><font style="font-face: Times New Roman" size="3" color="#000000">4</font></div></td> </tr> <tr> <td width="371" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Cost of professional services and other services</font></div></td> <td width="132" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">24</font></div></td> <td width="132"><div><font style="font-face: Times New Roman" size="3" color="#000000">8</font></div></td> </tr> <tr> <td width="371" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Research and development</font></div></td> <td width="132" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">15</font></div></td> <td width="132"><div><font style="font-face: Times New Roman" size="3" color="#000000">17</font></div></td> </tr> <tr> <td width="371" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Sales and marketing</font></div></td> <td width="132" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">21</font></div></td> <td width="132"><div><font style="font-face: Times New Roman" size="3" color="#000000">12</font></div></td> </tr> <tr> <td width="371" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">General and administration</font></div></td> <td width="132" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">17</font></div></td> <td width="132"><div><font style="font-face: Times New Roman" size="3" color="#000000">11</font></div></td> </tr> <tr> <td width="371" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Share-based payments</font></div></td> <td width="132" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">83</font></div></td> <td width="132" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">52</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The increase in share-based compensation is mainly due to the new share-based compensation plans (see Note (14)) and the rise in SAP stock in the first quarter of 2012.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> 328000000 17000000 35000000 -170000000 446000000 260000000 29000000 -6000000 -169000000 406000000 53000000 53000000 53000000 158000000 158000000 158000000 23227000000 12707000000 1228000000 25633000000 13047000000 -1000000 -1000000 0 1000000 1331000000 1675000000 2925000000 2893000000 268000000 369000000 <div><font style="font-face: Times New Roman" size="3" color="#000000">(18) Subsequent Events</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In 2009 SAP AG issued several promissory notes (Schuldscheindarlehen) which mature in 2012 and 2014. Due to our strong cash position, we decided to repay two tranches of the 2014 promissory notes with variable interest rates prematurely in July and September 2012. The notice of termination was sent to the respective investors at the beginning of April 2012. The total amount to be redeemed is &#128;188 million. With these repayments we are able to further decrease our financing costs and optimize our financial result.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In the middle of April 2012, the SAP Supervisory Board appointed Lars Dalgaard to the SAP Executive Board.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In addition, SAP has created a Global Managing Board to lead the company. This body was established in addition to the SAP Executive Board, which retains ultimate responsibility for overseeing and deciding on the activities of the company. The Global Managing Board allows SAP to appoint a broader range of global leaders to help steer the organization. All Executive Board members as well as Robert Enslin will join the Global Managing Board. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">After the full integration of Sybase and the recent acquisition of SuccessFactors, the establishment of the Global Managing Board will help SAP drive innovation and scale faster in its core markets as well as in its new categories: mobile, database/in-memory and cloud. A re-assignment of responsibilities within this expanded leadership team will help the company further strengthen its focus on customers, growth and operational excellence.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For more information about the responsibilities of the Global Managing Board, please see the chapter Organization and Changes in Management.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Release of the Interim Financial Statements</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The SAP Chief Financial Officer on behalf of the Executive Board approved these Consolidated Interim Financial Statements for the first quarter of 2012 on April 24, 2012, for submission to the Audit Committee of the Supervisory Board and for subsequent issuance.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(17) Related Party Transactions </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Certain Executive Board and Supervisory Board members of SAP AG currently hold (or have held within the last year) positions of significant responsibility with other entities (see the SAP Annual Report 2011, Notes to the Consolidated Financial Statements section, Note (30)). We have relationships with certain of these entities in the ordinary course of business whereby we buy and sell a wide variety of services and products at prices believed to be consistent with those negotiated at arm's length between unrelated parties.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">During the reporting period we had no related party transactions that had a material effect on our business, financial position, or results in the reporting period.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For further information on related party transactions, see the SAP Annual Report 2011, Notes to the Consolidated Financial Statements section, Note (31).</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(16) Segment and Geographic Information </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For information about the basis of SAP's segment reporting and for information on SAP's operating segments, see the SAP Annual Report 2011, Notes to the Consolidated Financial Statements section, Note (29). </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In the first quarter of 2012, we have made the following changes to our segment reporting compared to the status as described in Note 29 in our Annual Report 2011: </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In January 2012, SAP announced its decision to fully integrate Sybase in order to strengthen SAP's position in the mobility and database markets. Following this decision, Sybase is no longer a separate component of SAP and the operating results of the previous Sybase segment are no longer reviewed by the Executive Board as chief operating decision makers (CODM) to make decisions about resources to be allocated to the segment and assess its performance. Instead, the Sybase activities have been integrated into our segments Product, Consulting and Training. The segment results of prior periods have been adjusted accordingly. The previous Sybase segment included development expense and administration and other corporate expenses. As described in Note 29 of our Annual Report 2011, SAP such expenses are managed and reviewed at Group level only for the segments product, consulting and training. After the integration of Sybase into these existing segments, the prior periode segments results as well as development expense and administration expense presented in the Reconciliation of Revenue and Segment Results have been adjusted accordingly.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In February 2012, SAP acquired SuccessFactors (see Note 4). SAP is in the process of redefining its operating segments in the light of this acquisition. Going forward, SAP plans to establish a separate cloud unit which is expected to encompass not only SuccessFactors but also SAP's existing cloud business. The cloud unit is expected to qualify as a separate reportable segment. However, due to the short time period since acquisition, SAP has not yet finalized the establishing of the cloud unit and has not yet adjusted its management reporting to reflect the new structure. Therefore, the results of the acquired SuccessFactors business are not included in the existing segments but are presented in the reconciliation of the totals of segment revenues and segment profits to the corresponding income statement amounts instead. The results are included in the existing reconciling items Adjustment recurring revenues, Share-based payment expense and Acquisition-related charges as far as they are attributable to these items. The remaining amounts are presented separately as amounts from unallocated acquisitions. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In connection with the acquisition of SuccessFactors, we have also widened our range of revenues for which acquisition-related deferred revenue write downs are adjusted. In addition to the adjustments for deferred revenue write down for support revenue, we will also make such deferred revenue write down adjustments for cloud subscription revenue and other similarly recurring revenues.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">External Revenue and Results from Reportable Segments</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="285" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td colspan="4" width="329"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> </tr> <tr> <td width="285" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">Product</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">Con-sulting</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">Training</font></div></td> <td width="82" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="285" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">External revenue from reportable segments</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,495</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">737</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">84</font></div></td> <td width="82" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,316</font></div></td> </tr> <tr> <td width="285" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Segment profit from reportable segments</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,342</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">155</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">30</font></div></td> <td width="82" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,527</font></div></td> </tr> <tr> <td width="285" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Depreciation and amortization directly attributable to each segment</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">-6</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">-3</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="82" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">-9</font></div></td> </tr> <tr> <td width="285"></td> <td width="82"></td> <td width="82"></td> <td width="82"></td> <td width="82"></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="285" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td colspan="4" width="329"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="285" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">Product</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">Con-sulting</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">Training</font></div></td> <td width="82" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="285" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">External revenue from reportable segments</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,248</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">705</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">78</font></div></td> <td width="82" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,031</font></div></td> </tr> <tr> <td width="285" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Segment profit from reportable segments</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,273</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">176</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">23</font></div></td> <td width="82" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,472</font></div></td> </tr> <tr> <td width="285" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Depreciation and amortization directly attributable to each segment</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">-4</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">-3</font></div></td> <td width="82"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="82" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">-7</font></div></td> </tr> <tr> <td width="285"></td> <td width="82"></td> <td width="82"></td> <td width="82"></td> <td width="82"></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: BentonSans Bold" size="2" color="#000000"></font>&nbsp;</div> <div><font style="font-face: BentonSans Bold" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font>&nbsp;</div> <div><font style="font-face: BentonSans Bold" size="3" color="#000000"></font><font style="font-face: Times New Roman" size="3" color="#000000">Reconciliation of Revenues and Segment Results</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">External revenue from reportable segments</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,316</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,031</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">External revenue from services provided outside of the reportable segments</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">6</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">10</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Adjustment recurring revenues</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-7</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-17</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">External revenue from unallocated acquisitions</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">35</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total revenue</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,350</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,024</font></div></td> </tr> <tr> <td width="534" height="12"><div>&nbsp;</div></td> <td width="76"><div>&nbsp;</div></td> <td width="76"><div>&nbsp;</div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Segment profit from reportable segments</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,527</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,472</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">External revenue from services provided outside of the reportable segments</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">6</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">10</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Adjustment recurring revenues</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-7</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-17</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Development expense, not included in the segment result - management view</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-473</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-488</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Administration and other corporate expenses, not included in the segment result - management view</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-214</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-215</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Restructuring</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Share-based payment expense</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-83</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-52</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">TomorrowNow litigation / Loss from discontinued operations</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">7</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-2</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Acquisition-related charges</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-120</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-111</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Operating profit from unallocated acquisitions which are not included in other line items </font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-12</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Operating profit</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">631</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">597</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Other non-operating income/expense, net</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-8</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Finance income, net</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-16</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">-14</font></div></td> </tr> <tr> <td width="534" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Profit before tax</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">607</font></div></td> <td width="76"><div><font style="font-face: Times New Roman" size="3" color="#000000">583</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font><font style="font-face: Times New Roman" size="3" color="#000000">Geographic Information </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The amounts for sales by destination in the following tables are based on the location of customers. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Software Revenue by Region</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">EMEA¹⁾</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">279</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">267</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Americas</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">236</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">245</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">APJ ²⁾</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">123</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">103</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">SAP Group</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">637</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">615</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font><font style="font-face: Times New Roman" size="3" color="#000000">¹⁾ Europe, Middle East, and Africa</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">²⁾ Asia Pacific Japan</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Software and Software-Related Service Revenue by Sales Destination</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Germany</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">371</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">331</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Rest of EMEA </font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">862</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">795</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total EMEA</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,233</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,126</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">United States</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">692</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">620</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Rest of Americas</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">255</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">222</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total Americas</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">946</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">842</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Japan</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">144</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">124</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Rest of APJ</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">297</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">236</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total APJ</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">440</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">360</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">SAP Group</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,619</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,327</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Revenue by Sales Destination</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Germany</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">517</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">485</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Rest of EMEA</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,058</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">997</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">EMEA</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,575</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,482</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">United States</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">913</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">819</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Rest of Americas</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">333</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">292</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Americas</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,246</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,111</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Japan</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">165</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">140</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Rest of APJ</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">364</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">291</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">APJ</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">529</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">431</font></div></td> </tr> <tr> <td width="95" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">SAP Group</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,350</font></div></td> <td width="57"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,024</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(15) Other Financial Instruments</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">A detailed overview of our other financial instruments, financial risk factors and the management of financial risks are presented in Notes (25) to (27) to our Consolidated Financial Statements for 2011, which are included in our Annual Report 2011 and our Annual Report 2011 on Form 20-F. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(14) Share-Based Payment Plans </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For a detailed description of our share-based payment plans, see the SAP Annual Report 2011, Notes to the Consolidated Financial Statements section, Note (28), or our Annual Report 2011 on Form 20-F.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The outstanding equity-settled bonus shares under SMP programs entitle their holders to the following numbers of shares:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Outstanding Restricted Shares</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: BentonSans Bold" size="3" color="#000000"><b></b></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="358" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">Number in thousands</font></div></td> <td width="128" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">March 31, 2012</font></div></td> <td width="128" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">December 31, 2011</font></div></td> </tr> <tr> <td width="358" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Share Matching Plan 2010 </font></div><div><font style="font-face: Times New Roman" size="3" color="#000000">(Bonus shares)</font></div></td> <td width="128" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">525</font></div></td> <td width="128"><div><font style="font-face: Times New Roman" size="3" color="#000000">532</font></div></td> </tr> <tr> <td width="358" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Share Matching Plan 2011</font></div><div><font style="font-face: Times New Roman" size="3" color="#000000">(Bonus shares)</font></div></td> <td width="128" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">469</font></div></td> <td width="128"><div><font style="font-face: Times New Roman" size="3" color="#000000">473</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">EPP and LTI Plan 2015</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In the first quarter of 2012, SAP implemented two new share-based payment plans: An Employee Participation Plan (EPP) 2015 for employees and a Long Term Incentive (LTI) Plan 2015 for Executive Board members. The two new plans are designed to reward participants for their contribution to achieving the Company's ambitious 2015 goals.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The plans are focused on SAP's share price and on targets derived from the Company's 2015 strategy. They award virtual shares, called restricted share units (RSUs), to participants. Participants are paid out in cash based on the number of RSUs that vest.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Starting in 2012, the RSUs will be awarded and allocated at the beginning of each year through 2015, with EPP 2015 RSUs subject to annual Executive Board approval. The RSU allocation process will take place at the beginning of each year based on SAP's share price after the publication of its preliminary annual results. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">At the end of the given year RSUs will be finally allocated. The number of RSUs that participants actually receive depends on SAP's actual performance for the given year, which might be higher or lower than the originally allocated RSUs. The performance is based on SAP's objectives set forth at the beginning of the plan. These objectives are closely linked to SAP's 2015 goals, and include two key performance indicators (KPIs): non-IFRS total revenue and non-IFRS operating profit. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">If both KPIs achieve at least a defined 80% threshold, RSUs vest. Depending on performance, the vesting can reach a maximum of 150% of the budgeted amount. If one or both of those KPIs do not achieve the defined threshold of 80%, no RSUs vest and RSUs awarded for that year will be forfeited. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Under the EPP 2015, the RSUs are paid out within the first quarter of the subsequent year after the one-year measurement period, whereas the RSUs for members of the Executive Board under the LTI Plan 2015 are subject to a three-year-holding period before payout, which then occurs in 2016.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The plans include a &#147;look-back&#148; provision, due to the fact that they are based on reaching the goals in 2015. If the overall achievement in 2015 is higher or lower than represented by the number of RSUs vested from 2012 to 2014, the number of RSUs awarded in 2015 can increase or decrease accordingly. However, RSUs that were already fully vested in prior years cannot be forfeited. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The final financial effect of the EPP 2015 as well as the LTI Plan 2015 will depend significantly on the number of vested RSUs actually to be paid out in cash and the SAP share price, and thus may be significantly above or below the budgeted amounts. Due to the IFRS accounting rules, the Company will record in 2012 almost all expense relating to the 2012 portion of the EPP plan and the majority of the total LTI plan expense. However, the actual amount may be significantly higher or lower than the Company's estimate subject to the actual development of share price as well as the achievement of the financial KPIs. For example, the actual cash payout for the EPP 2015 could deviate significantly from the &#128;500 million planned.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">SuccessFactors RSUs</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In connection with the SuccessFactors-acquisition (see Note 4) each unvested Restricted Share Unit (RSU) and share of restricted stock that were unvested immediately prior to the closing of the SuccessFactors acquisition remains subject to its vesting terms prior to the Tender Offer and will be cashed out equal to the number of RSUs and restricted shares held at vesting time multiplied by US$40 per share (SAP's purchase price of SuccessFactors shares at acquisition). </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(13) Litigation and Claims</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">We are subject to a variety of claims and lawsuits that arise from time to time in the ordinary course of our business, including proceedings and claims that relate to companies which we have acquired, and claims that relate to customers demanding indemnification for proceedings initiated against them based on their use of SAP software. We will continue to vigorously defend against all claims and lawsuits against us. We record a provision for such matters when it is probable that we have a present obligation that results from a past event, is reliably estimable and the settlement of which is probable to require an outflow of resources embodying economic benefits. For the TomorrowNow litigation, we have recorded a provision of US$272 million which remains unchanged (US$ 272 million as at December 31, 2011, US$1,3 billion as at December 31, 2010). We currently believe that resolving all other claims and lawsuits against us, individually or in the aggregate, did not and will not have a material adverse effect on our business, financial position, profit, or cash flows. Consequently, the provisions currently recorded for these other claims and lawsuits are neither individually nor in aggregate material to SAP.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">However, the outcome of litigation and other claims or lawsuits is intrinsically subject to considerable uncertainty. Management's view of the litigation may also change in the future. Actual outcomes of litigation and other claims or lawsuits may differ from the assessments made by management in prior periods, which could result in a material impact on our business, financial position, profit, cash flows, or reputation. We cannot reliably estimate the maximum possible loss in case of an unfavorable outcome.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For a description of the development of the provisions recorded for litigation, see our Annual Report 2011, Notes to the Consolidated Financial Statements section, Note (19b). </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Among the claims and lawsuits are the following:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Intellectual Property Litigation</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In January 2007, German-based CSB-Systems AG (CSB) instituted legal proceedings in Germany against SAP. CSB alleges that SAP's products infringe one or more of the claims of a German patent and a German utility model held by CSB. In its complaint, CSB has set the amount in dispute at &#128;1 million and is seeking permanent injunctive relief. Within these proceedings CSB is not precluded from requesting damages in excess of the amount in dispute. In July 2007, SAP filed its response in the legal proceedings including a nullity action and cancellation proceeding against the patent and utility model, respectively. The nullity hearing on the German patent was held in January 2009 and the German court determined that the patent is invalid. On appeal in June 2011, the Federal Supreme Court also concluded the patent was invalid. The cancellation hearing for the utility model was held in May 2009 and the court determined that the utility model was invalid. CSB is appealing the invalidity determination of the utility model, however, the infringement hearing has been stayed pending the appeals.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In May 2010, CSB-Systems International, Inc. (CSB) instituted legal proceedings in the United States against SAP. CSB alleges that SAP's products infringe one or more of the claims in one patent held by CSB. In its complaint, CSB seeks unspecified monetary damages and permanent injunctive relief. As set forth in CSB' expert report, CSB is now claiming nearly US$300 million in past damages. The trial is scheduled for June 2012.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In March 2007, United States-based Oracle Corporation and certain of its subsidiaries (Oracle) instituted legal proceedings in the United States against TomorrowNow, Inc., its parent company SAP America, Inc. and SAP America's parent company SAP AG (SAP). Oracle filed several amended complaints between 2007 and 2009. As amended, the lawsuit alleges copyright infringement, violations of the Federal Computer Fraud and Abuse Act and the California Computer Data Access and Fraud Act, unfair competition, intentional and negligent interference with prospective economic advantage, and civil conspiracy. The lawsuit alleges that SAP unlawfully copied and misappropriated proprietary, copyrighted software products and other confidential materials developed by Oracle to service its own customers. The lawsuit seeks injunctive relief and monetary damages, including punitive damages, alleged by Oracle to be in the billions of U.S. dollars. The trial was held in November 2010. Prior to trial, SAP AG, SAP America and TomorrowNow stipulated to liability for certain claims, and SAP agreed to pay Oracle US$120 million for attorneys' fees. After the trial, the jury returned a damages verdict of US$1.3 billion. The judgment which was issued on February 3, 2011, additionally provided for prejudgment interest of US$15 million. The judgment amount is also subject to post-judgment interest, which accrues from the time judgment is entered. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The jury based its verdict on the theory of a hypothetical license, that is, the value of what TomorrowNow would have paid if it had negotiated with Oracle a license for the copyrights infringed by TomorrowNow. Before and during the course of the trial, various damages amounts had been presented by the parties to the litigation. They included the following:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">a) Before the trial, Oracle had requested damages in excess of US$3.5 billion based on alleged &#147;saved acquisition costs&#148;; the court dismissed that damage claim based on a pretrial motion, but Oracle has the right to appeal that dismissal.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">b) During the trial, Oracle's damages experts presented an amount of US$408 million based on lost profits and disgorgement of infringer's profit.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">c) During the trial, members of Oracle management presented, as part of their testimonies, amounts of up to US$5 billion. Oracle's damages expert presented a damages estimate of &#147;at least&#148; US$1.655 billion under a hypothetical license theory. Oracle's counsel asked the jury to award &#147;somewhere between US$1.65 and US$3 billion.&#148;</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">d) During the trial, the damages expert for TomorrowNow and SAP presented an amount of US$28 million based on lost profits and infringer's profits or, alternatively, US$40.6 million based on a hypothetical license theory. Counsel for SAP and TomorrowNow asked the jury to award US$28 million.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">We believed both before and during the trial and continue to believe that the hypothetical license theory is not an appropriate basis for calculating the damages. Instead, we believe that damages should be based on lost profits and infringer's profits. As such, SAP filed post-trial motions asking the judge to overturn the judgment. A hearing on the post-trial motions was held in July 2011. On September 1, 2011, the trial judge issued an order which set aside the jury verdict and vacated that part of the judgment awarding US$1.3 billion in damages. The trial judge also gave Oracle the choice of accepting &nbsp;reduced damages of US$272 million or having a new trial based on lost profits and infringer's profits. Oracle filed a motion seeking an early appeal from the ruling vacating the jury's damages award, which was denied by the judge. Consequently, Oracle elected to proceed with a new trial. The new trial has been scheduled for June 2012. &nbsp;</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Additionally, in June 2007, SAP became aware that the United States Department of Justice (U.S. DOJ) had opened an investigation concerning related issues and had issued subpoenas to SAP and TomorrowNow. The DOJ investigation has been resolved by way of a plea agreement which includes TomorrowNow pleading guilty to 11 counts of violations of the Computer Fraud and Abuse Act, one count of criminal copyright infringement, the payment of a US$20 million fine and three years probation. No charges were brought against SAP AG or subsidiaries thereof other than TomorrowNow.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In April 2007, United States-based Versata Software, Inc. (formerly Trilogy Software, Inc.) (Versata) instituted legal proceedings in the United States against SAP. Versata alleges that SAP's products infringe one or more of the claims in each of five patents held by Versata. In its complaint, Versata seeks unspecified monetary damages and permanent injunctive relief. The first trial was held in August 2009. The jury returned a verdict in favor of Versata and awarded Versata US$138.6 million for past damages. In January 2011, the court vacated the jury's damages award and ordered a new trial on damages. The re-trial was held in May 2011. The jury returned a verdict in favor of Versata and awarded Versata US$345 million for past damages. In September 2011, the judge denied SAP's post-trial motions with the exception of reducing the damages verdict by US$16 million to approximately US$329 million. The judge also ordered approximately US$60 million in pre-judgment interest. Additionally, the judge granted Versata's request for a broad injunction which prohibits SAP from 1) selling products in the United States with the infringing functionality, 2) providing maintenance to or accepting maintenance revenue from existing customers in the United States until such customers disable the infringing functionality and verify such disablement, and 3) licensing additional users to existing customers in the United States until such customers disable the infringing functionality and verify such disablement. &nbsp;Finally, the judge stayed the injunction pending the outcome of an appeal. &nbsp;SAP is appealing.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In August 2007, United States-based elcommerce.com, Inc. (elcommerce) instituted legal proceedings in the United States against SAP. elcommerce alleges that SAP's products infringe one or more of the claims in one patent held by elcommerce. In its complaint, elcommerce seeks unspecified monetary damages and permanent injunctive relief. The court in East Texas granted SAP's request to transfer the litigation from East Texas to Pennsylvania. Subsequent to the Markman ruling by the court, the parties agreed to the entry of final judgment regarding non-infringement by SAP. elcommerce has appealed the court's Markman ruling. The hearing for the appeal has been scheduled for May 2012.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In February 2010, United States-based TecSec, Inc. (TecSec) instituted legal proceedings in the United States against SAP, Sybase, IBM and many other defendants. TecSec alleges that SAP's products infringe one or more of the claims in five patents held by TecSec. In its complaint, TecSec seeks unspecified monetary damages and permanent injunctive relief. The trial has not yet been scheduled. The legal proceedings have been stayed against all defendants pending the outcome of an appeal by TecSec regarding the court's determination that IBM does not infringe the patents.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In April 2010, SAP instituted legal proceedings (a Declaratory Judgment action) in the United States against Wellogix, Inc. and Wellogix Technology Licensing, LLC (Wellogix). The lawsuit seeks a declaratory judgment that five patents owned by Wellogix are invalid and/or not infringed by SAP. The trial has not yet been scheduled. The legal proceedings have been stayed pending the outcome of re-examinations filed with the U.S. Patent and Trademark Office.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Other Litigation</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In April 2008, South African-based Systems Applications Consultants (PTY) Limited (Securinfo) instituted legal proceedings in South Africa against SAP. Securinfo alleges that SAP has caused one of its subsidiaries to breach a software distribution agreement with Securinfo. In its complaint, Securinfo seeks damages of approximately &#128;610 million plus interest. In September 2009, SAP filed a motion to dismiss which was rejected. A trial date which was scheduled for June 2011 has been postponed. No new trial date has been scheduled yet.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">We are subject to ongoing audits by domestic and foreign tax authorities. Along with many other companies operating in Brazil we are involved in various proceedings with Brazilian authorities regarding assessments and litigation matters on non-income taxes on intercompany royalty payments and intercompany services. The total potential amount related to these matters for all applicable years is approximately &#128;83 million. We have not recorded a provision for these matters, as we believe that we will prevail on these matters.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For income-tax risk-related litigation see our Annual Report 2011, Notes to the Consolidated Financial Statements section, Note (11).</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(12) Contingent Liabilities</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For a detailed description of our contingent liabilities, see our Annual Report 2011, Notes to the Consolidated Financial Statements section, Note (23). There have been no significant changes in contingent liabilities since December 31, 2011. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For information about contingent liabilities related to litigation, see Note (13).</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(11) Total Equity </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Issued Shares</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">As at March 31, 2012, SAP AG had 1,228,339,598 no-par issued shares (December 31, 2011: 1,228,083,382) issued with a calculated nominal value of &#128;1 per share.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In the first quarter of 2012, the number of issued shares increased by 256,216 shares (Q1 2011: 770,500), resulting from the exercise of awards granted under certain share-based payment programs. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Treasury Shares </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">On &nbsp;March 31, 2012, we held 38 million treasury shares, representing &#128;38 million or 3.1% of capital stock.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In the first quarter of 2012, we acquired 1.1 million shares for treasury at an average price of approximately &#128;48.14 per share and disposed of 1.2&nbsp;million shares with a purchase price of approximately &#128;36.51 per share. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In the first quarter of 2011, we acquired 3.6 million shares for treasury at an average price of approximately &#128;43.84 per share and disposed of 3.8 million shares with a purchase price of approximately &#128;35.44 per share. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Share purchases and share sales in 2012 and 2011 were in connection with our share-based payment plans, which are described in Note (28) in the Annual Report for 2011.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Other Comprehensive Income</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"><i><b></b></i></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The component of other comprehensive income before tax that will be reclassified to profit or loss in the future includes the following items:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: BentonSans Book" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Gains (losses) on exchange differences on translation</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">-164</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-156</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Reclassification adjustments on exchange differences on translation</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Exchange differences on translation</font></div></td> <td width="68" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">-164</font></div></td> <td width="68" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">-156</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Gains (losses) on remeasuring available-for-sale financial assets</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">35</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-6</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Reclassification adjustments on available-for-sale financial assets </font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Available-for-sale financial assets</font></div></td> <td width="68" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">35</font></div></td> <td width="68" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">-6</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Gains (losses) on cash flow hedges </font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">16</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">30</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Reclassification adjustments on cash flow hedges </font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">7</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">9</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Cash flow hedges</font></div></td> <td width="68" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">23</font></div></td> <td width="68" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">39</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(10) Financial Liabilities</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Financial liabilities comprise:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Financial Liabilities</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="180" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td colspan="3" width="434" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">March 31, 2012</font></div></td> </tr> <tr> <td width="180" height="12"><div><font style="font-face: BentonSans Book" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Current</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Non-current </font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Bank loans</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,098</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,099</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Private placement transactions</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">423</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,207</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,630</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Bonds</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,595</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,595</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Other financial liabilities</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">154</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">90</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">244</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Financial liabilities</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,675</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,893</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">4,568</font></div></td> </tr> <tr> <td width="180"></td> <td width="144"></td> <td width="144"></td> <td width="144"></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="180" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td colspan="3" width="434"><div><font style="font-face: Times New Roman" size="3" color="#000000">December 31, 2011</font></div></td> </tr> <tr> <td width="180" height="12"><div><font style="font-face: BentonSans Book" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Current</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Non-current </font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Bank loans</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">101</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">1</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">102</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Private placement transactions</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">423</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,237</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,660</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Bonds</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">600</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,595</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,195</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Other financial liabilities</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">207</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">92</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">299</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Financial liabilities</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,331</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,925</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">4,256</font></div></td> </tr> <tr> <td width="180"></td> <td width="144"></td> <td width="144"></td> <td width="144"></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(9) Trade and Other Receivables</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Trade and other receivables comprise:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Trade and Other Receivables</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="180" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td colspan="3" width="434"><div><font style="font-face: Times New Roman" size="3" color="#000000">March 31, 2012</font></div></td> </tr> <tr> <td width="180" height="12"><div><font style="font-face: BentonSans Book" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Current</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Non-current </font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Trade receivables, net</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,411</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,411</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Other receivables </font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">31</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">88</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">119</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,442</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">88</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,530</font></div></td> </tr> <tr> <td width="180"></td> <td width="144"></td> <td width="144"></td> <td width="144"></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="180" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td colspan="3" width="434"><div><font style="font-face: Times New Roman" size="3" color="#000000">December 31, 2011</font></div></td> </tr> <tr> <td width="180" height="12"><div><font style="font-face: BentonSans Book" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Current</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Non-current </font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Trade receivables, net</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,431</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,431</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Other receivables </font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">62</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">84</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">146</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,493</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">84</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,577</font></div></td> </tr> <tr> <td width="180"></td> <td width="144"></td> <td width="144"></td> <td width="144"></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The carrying amounts of our trade receivables and related allowances were as follows:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Carrying Amounts of Trade Receivables</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="236" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="189" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">March 31, 2012</font></div></td> <td width="189" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">December 31, 2011</font></div></td> </tr> <tr> <td width="236" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Gross carrying amount</font></div></td> <td width="189" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,573</font></div></td> <td width="189" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,566</font></div></td> </tr> <tr> <td width="236" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Sales allowances charged to revenue</font></div></td> <td width="189" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">-118</font></div></td> <td width="189" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-94</font></div></td> </tr> <tr> <td width="236" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Allowance for doubtful accounts charged to expense</font></div></td> <td width="189" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">-44</font></div></td> <td width="189" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-41</font></div></td> </tr> <tr> <td width="236" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Carrying amount trade receivables, net</font></div></td> <td width="189" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,411</font></div></td> <td width="189" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">3,431</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In our Consolidated Income Statement, bad debt allowances for a portfolio of trade receivables are recorded as other operating expense, whereas bad debt allowances for specific customer balances are recorded in cost of software and software-related services or cost of professional services and other services, depending on the transaction from which the trade receivable results. Sales allowances are recorded as an offset to the respective revenue item.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(8) Other Financial Assets</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Other financial assets comprise:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Other Financial Assets</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="180" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td colspan="3" width="434"><div><font style="font-face: Times New Roman" size="3" color="#000000">March 31, 2012</font></div></td> </tr> <tr> <td width="180" height="12"><div><font style="font-face: BentonSans Book" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Current</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Non-Current</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Loans and other financial receivables</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">352</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">371</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">723</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&nbsp;&nbsp;&nbsp;Debt </font></div><div><font style="font-face: Times New Roman" size="3" color="#000000">&nbsp;&nbsp;&nbsp;investments</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">310</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">310</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&nbsp;&nbsp;&nbsp;Equity </font></div><div><font style="font-face: Times New Roman" size="3" color="#000000">&nbsp;&nbsp;&nbsp;investments</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">203</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">203</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Available-for-sale financial assets</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">310</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">203</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">513</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Derivatives</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">91</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">29</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">120</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Investments in associates</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">46</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">46</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">753</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">649</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,402</font></div></td> </tr> <tr> <td width="180"></td> <td width="144"></td> <td width="144"></td> <td width="144"></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="180" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td colspan="3" width="434"><div><font style="font-face: Times New Roman" size="3" color="#000000">December 31, 2011</font></div></td> </tr> <tr> <td width="180" height="12"><div><font style="font-face: BentonSans Book" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Current</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Non-Current</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Loans and other financial receivables</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">269</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">313</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">582</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&nbsp;&nbsp;&nbsp;Debt </font></div><div><font style="font-face: Times New Roman" size="3" color="#000000">&nbsp;&nbsp;&nbsp;investments</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">400</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">400</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&nbsp;&nbsp;&nbsp;Equity </font></div><div><font style="font-face: Times New Roman" size="3" color="#000000">&nbsp;&nbsp;&nbsp;investments</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">161</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">161</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Available-for-sale financial assets</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">400</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">161</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">561</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Derivatives</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">148</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">17</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">165</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Investments in associates</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">0</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">47</font></div></td> <td width="144"><div><font style="font-face: Times New Roman" size="3" color="#000000">47</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">817</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">538</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,355</font></div></td> </tr> <tr> <td width="180"></td> <td width="144"></td> <td width="144"></td> <td width="144"></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(7) Earnings per Share</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Earnings per Share</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions, unless otherwise stated </font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Profit attributable to owners of parent</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">444</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">403</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Issued ordinary shares</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,228</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,227</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Effect of treasury shares</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">-38</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-39</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Weighted average number of shares in millions -&nbsp;basic</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,190</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,188</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Dilutive effect of free-matching shares in millions</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">1</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Weighted average number of shares in millions -&nbsp;diluted</font></div></td> <td width="68" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,191</font></div></td> <td width="68" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">1,189</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="68" bgcolor="#fff0c9"><div>&nbsp;</div></td> <td width="68" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Basic earnings per share in &#128;, attributable to owners of parent</font></div></td> <td width="68" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">0.37</font></div></td> <td width="68" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">0.34</font></div></td> </tr> <tr> <td width="477" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Diluted earnings per share in &#128;, attributable to owners of parent</font></div></td> <td width="68" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">0.37</font></div></td> <td width="68" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">0.34</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(6) Income Tax</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In the first quarter of 2012, income taxes and the effective tax rate, each compared with the first quarter of 2011, developed as follows:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Income Taxes</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="358" height="12"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions, unless stated otherwise </font></div></td> <td width="128" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2012</font></div></td> <td width="128" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Q1 2011</font></div></td> </tr> <tr> <td width="358" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Profit before income tax </font></div></td> <td width="128" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">607</font></div></td> <td width="128"><div><font style="font-face: Times New Roman" size="3" color="#000000">583</font></div></td> </tr> <tr> <td width="358" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Income tax expense</font></div></td> <td width="128" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">-163</font></div></td> <td width="128"><div><font style="font-face: Times New Roman" size="3" color="#000000">-180</font></div></td> </tr> <tr> <td width="358" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Effective tax rate in %</font></div></td> <td width="128" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">26.9</font></div></td> <td width="128" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">30.9</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(4) Business Combinations</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">We acquired the following businesses during the first quarter in 2012:</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Acquired Businesses</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="153" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Acquired Businesses</font></div></td> <td width="115" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Sector</font></div></td> <td width="115" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Acquisi-tion Type</font></div></td> <td width="105" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Acquired Voting Interest</font></div></td> <td width="125" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Acquisi-tion Date</font></div></td> </tr> <tr> <td width="153" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Purisma Inc, Short Hills, NJ, USA</font></div></td> <td width="115" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Master Data Management Solution Business</font></div></td> <td width="115" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Asset Deal</font></div></td> <td width="105" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">n/a</font></div></td> <td width="125" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">January 18, 2012</font></div></td> </tr> <tr> <td width="153" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">datango AG, Berlin, Germany</font></div></td> <td width="115" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Solution for Workforce Performance Support</font></div></td> <td width="115" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Asset Deal</font></div></td> <td width="105" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">n/a</font></div></td> <td width="125" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">February 7, 2012</font></div></td> </tr> <tr> <td width="153" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="2" color="#000000">SuccessFac-tors Inc, San Mateo, CA, USA</font></div></td> <td width="115" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Provider of cloud-based human capital management (HCM) solutions</font></div></td> <td width="115" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Share Deal</font></div></td> <td width="105" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">100%</font></div></td> <td width="125" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">February 21, 2012</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">We acquire businesses in specific areas of strategic interest to us. The acquisitions during the first quarter of 2012 were not material to SAP except for the acquisition of SuccessFactors, for which additional information is provided below.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">In the first quarter, &nbsp;our acquisitions are recorded with provisional estimates.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Acquisitions of the prior year are described in the Consolidated Financial Statements in our 2011 Annual Report. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Material Business Combinations</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">On February 21, 2012, we acquired more than 90 per cent of the outstanding ordinary shares of SuccessFactors, Inc. (NYSE: SFSF) and obtained control of SuccessFactors. Subsequent to the acceptance of the tender offer we effected a short-form merger and acquired the remaining shares for the same US$40.00 per share price that was paid in the cash tender offer. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">SuccessFactors is a provider of cloud-based human capital management (HCM) solutions. As a result of the acquisition, we expect to significantly accelerate our momentum as a provider of cloud applications, platforms and infrastructure and to establish an advanced end-to-end offering of cloud and on-premise solutions for managing all relevant business processes.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The initial accounting for the business combination is provisional in our financial statements as of March 31, 2012 as we are still validating our valuation assumptions. The following table summarizes the consideration paid, provisional estimates of the acquisition-related costs and provisional values for assets acquired and liabilities assumed which were recognized at the acquisition date.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Financial Impact from the Acquisition of SuccessFactors as of the Closing Date</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="512" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">&#128;&nbsp;millions</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="103" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Consideration</font></div></td> <td width="103" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Value of acquired shares outstanding paid </font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,543</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Value of acquired &nbsp;accelerated options, stock appreciation rights and restricted stock units</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">116</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total Cash payment</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,659</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Value of earned portion of converted unvested restricted stock units, restricted stocks and performance stock (valued in accordance with IFRS 2)</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">58</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total Consideration transferred</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,717</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="103" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Acquisition related costs (includes in general and administrative expenses in our income statement)</font></div></td> <td width="103" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Acquisition-related costs incurred in 2011</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">4</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Acquisition-related costs recognized in 2012 </font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">6</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total acquisition related costs</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,727</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="103" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Amounts of identifiable assets acquired and liabilities assumed expected to be recognized</font></div></td> <td width="103" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Cash and cash equivalents</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">80</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Other financial assets</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">10</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Trade and other receivables (net of &#128;&nbsp;2 millions reserves)</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">58</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Other non-financial assets</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">11</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Property, plant, and equipment</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">10</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Intangible assets</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">783</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Thereof customer relationship and other intangibles</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">490</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Customer relationship</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">466</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Tradename</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">24</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Thereof acquired technology</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">290</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Thereof software and database licenses</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">3</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Current and deferred tax assets</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">7</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total assets</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">959</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="103" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Trade accounts payable</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-49</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Financial Liabilities</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-1</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Current and deferred tax liabilities</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-166</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Provisions and other non-financial liabilities</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-66</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Deferred revenue</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-130</font></div></td> </tr> <tr> <td width="512" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total liabilities</font></div></td> <td width="103" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-412</font></div></td> </tr> <tr> <td width="512" height="5" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="103" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="512" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total identifiable net assets</font></div></td> <td width="103" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">547</font></div></td> </tr> <tr> <td width="512" height="5" bgcolor="#ffffff"><div>&nbsp;</div></td> <td width="103" bgcolor="#ffffff"><div>&nbsp;</div></td> </tr> <tr> <td width="512" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">Recognized Goodwill</font></div></td> <td width="103" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">2,112</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The goodwill arising from the acquisition consists largely of the synergies and the skills and technical talent of SuccessFactors' workforce. The goodwill recognized is not expected to be deductible for income tax purposes. The goodwill assignment to our segments has not been finalized yet. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">We are still evaluating contingent liabilities but do not expect to record material amounts.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(3) Summary of Significant Accounting Policies </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The interim financial statements were prepared based on the same accounting policies as those applied and described in the Consolidated Financial Statements as at December 31, 2011. Our significant accounting policies are summarized in the notes to the annual financial statements. For further information, see Note (3) in our Annual Report for 2011.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Newly Adopted Accounting Standards</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The new accounting standards adopted in the first three months of 2012 did not have a material impact on our Consolidated Financial Statements. The amendments to IFRS 7 (Financial Instruments: Disclosures) detailing additional disclosures for certain transfers of financial assets did not result in any additional disclosures in the first quarter of 2012.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">New Accounting Standards Not Yet Adopted</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For detailed information about new accounting standards not yet adopted, see Note (3) in our Annual Report for 2011.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(2) Scope of Consolidation </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The following table summarizes the change in the number of legal entities included in the Consolidated Financial Statements.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Number of Legal Entities Consolidated in the Financial Statements </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="180" height="12"><div>&nbsp;</div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">German</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Foreign</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">Total</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">January 1, 2011</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">21</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">182</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">203</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Additions</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">4</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">9</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">13</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Disposals</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-2</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-15</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">-17</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">December 31, 2011</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">23</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">176</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">199</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Additions</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">2</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">36</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">38</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">Disposals</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-1</font></div></td> <td width="144" bgcolor="#ffffff"><div><font style="font-face: Times New Roman" size="3" color="#000000">-1</font></div></td> <td width="144" bgcolor="#fff0c9"><div><font style="font-face: Times New Roman" size="3" color="#000000">-2</font></div></td> </tr> <tr> <td width="180" height="12" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">March 31, 2012</font></div></td> <td width="144" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">24</font></div></td> <td width="144" bgcolor="#ffd15d"><div><font style="font-face: Times New Roman" size="3" color="#000000">211</font></div></td> <td width="144" bgcolor="#f0ab00"><div><font style="font-face: Times New Roman" size="3" color="#000000">235</font></div></td> </tr> </table> <div>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The additions during the first quarter of 2012 relate to legal entities added in connection with foundations and acquisitions. The disposals are due to mergers and to liquidations of non-operating acquired legal entities.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Our changes in the scope of consolidation in the first quarter of 2012 was not significant to our Consolidated Financial Statements except for the acquisition of SuccessFactors which is described in Note (4). </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">For additional information on our business combinations and the effect on our Consolidated Financial Statements, see Note (4) or our Consolidated Financial Statements for 2011. </font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000">(1) General Information About Consolidated Interim Financial Statements</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The accompanying Consolidated Interim Financial Statements of SAP AG and its subsidiaries (collectively, &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; &#147;SAP,&#148; &#147;Group,&#148; and &#147;Company&#148;) have been prepared in accordance with the International Financial Reporting Standards (IFRSs). 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). The variances between the applicable IFRS standards as issued by the IASB and the standards as used by the European Union are not relevant to these financial statements. The Consolidated Interim Financial Statements for the period ended March 31, 2012 are in compliance with International Accounting Standard (IAS) 34.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Certain information and disclosures normally included in the notes to annual financial statements prepared in accordance with IFRS have been condensed or omitted. We believe that the disclosures made are adequate and that the information give a true and fair view.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">Our business activities are influenced by certain seasonal effects. Historically, our overall revenue tends to be highest in the fourth quarter. Interim results are therefore not necessarily indicative of results for a full year.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">The Consolidated Financial Statements for 2011 are included in our 2011 Annual Report and our Annual Report 2011 on Form 20-F. Amounts reported in previous years have been reclassified as appropriate to conform to the current presentation. The adjustment of the allocation of the acquisition price also results in non-material changes to some of the amounts reported in previous years.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">These unaudited condensed Consolidated Interim Financial Statements should be read in conjunction with SAP's audited consolidated IFRS Financial Statements and notes thereto as of December 31, 2011.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font>&nbsp;</div> <div><font style="font-face: Times New Roman" size="3" color="#000000">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.</font></div> <div><font style="font-face: Times New Roman" size="3" color="#000000"></font></div> 0 260000000 260000000 -143000000 -146000000 23000000 39000000 -6000000 -156000000 3000000 2000000 5000000 0 328000000 328000000 -116000000 -118000000 12000000 23000000 35000000 -164000000 2000000 1000000 3000000 0.34 0.34 403000000 0 403000000 180000000 180000000 0 583000000 -14000000 43000000 43000000 29000000 0 597000000 2427000000 2000000 177000000 677000000 498000000 1952000000 1072000000 577000000 495000000 3024000000 697000000 127000000 570000000 2327000000 4000000 1708000000 0.37 0.37 444000000 0 444000000 163000000 161000000 2000000 607000000 -16000000 40000000 39000000 24000000 -8000000 631000000 2719000000 -7000000 209000000 831000000 523000000 2188000000 1162000000 624000000 538000000 3350000000 134000000 597000000 2619000000 29000000 1953000000 637000000 -21000000 -7000000 -14000000 -14000000 408000000 432000000 146000000 152000000 2012 Q1 false 2012-03-31 20-F No --12-31 Yes Yes Large Accelerated Filer 0000943042 SAP SAP AG 1228339598 10000000 -1406000000 3000000 403000000 1000000 1000000 10000000 13000000 141000000 2728000000 0 10000000 10000000 10000000 0 30000000 30000000 29000000 1000000 959000000 -15000000 -511000000 504000000 2000000 29000000 141000000 158000000 21000000 -107000000 103000000 79000000 1592000000 204000000 20000000 21000000 2000000 1944000000 -593000000 -105000000 -233000000 -10000000 21000000 14000000 180000000 178000000 -417000000 -130000000 405000000 600000000 1000000000 10000000 48000000 53000000 0 -2763000000 430000000 478000000 2071000000 276000000 26000000 28000000 0 2277000000 -688000000 -89000000 36000000 -30000000 28000000 16000000 163000000 192000000 4000000 4000000 4000000 2000000 2000000 2000000 152000000 152000000 134000000 18000000 -143000000 29000000 -6000000 -169000000 403000000 50000000 50000000 46000000 4000000 -116000000 17000000 35000000 -170000000 2000000 444000000 444000000 9000000 13038000000 -1384000000 -10000000 44000000 -189000000 12912000000 437000000 1228000000 8000000 12699000000 -1377000000 -27000000 9000000 -19000000 12466000000 419000000 10089000000 10079000000 2000000 10000000 -300000000 10159000000 386000000 1228000000 9824000000 17000000 9807000000 -1382000000 -27000000 16000000 -131000000 9767000000 337000000 1227000000 4477000000 3518000000 731000000 615000000 8000000 9000000 12699000000 13038000000 1377000000 1384000000 -37000000 -155000000 12466000000 12912000000 419000000 437000000 1228000000 1228000000 10520000000 12586000000 4254000000 4444000000 44000000 38000000 474000000 573000000 92000000 99000000 43000000 40000000 6266000000 8142000000 1046000000 3389000000 562000000 608000000 331000000 390000000 231000000 218000000 1981000000 1276000000 409000000 338000000 937000000 856000000 23227000000 25633000000 13558000000 16440000000 465000000 480000000 39000000 51000000 84000000 88000000 538000000 649000000 1551000000 1576000000 2024000000 2679000000 8711000000 10765000000 9669000000 9193000000 207000000 175000000 187000000 275000000 3493000000 3442000000 817000000 753000000 4965000000 4548000000