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Financials Consolidated Financial Statements Consolidated Statement of Income
Financials Consolidated Financial Statements Consolidated Statement of Income CONSOLIDATED STATEMENTS OF INCOME
for the years ended December 31,
| Note | 2006 | 2005 | 2004 | |
| €(000) | €(000) | €(000) | ||
| Software revenue | 3,071,291 | 2,782,751 | 2,361,012 | |
| Maintenance revenue | 3,533,282 | 3,175,642 | 2,823,189 | |
| Software and maintenance revenue | 6,604,573 | 5,958,393 | 5,184,201 | |
| Consulting revenue | 2,340,268 | 2,138,941 | 1,970,606 | |
| Training revenue | 382,830 | 342,466 | 302,443 | |
| Service revenue | 2,723,098 | 2,481,407 | 2,273,049 | |
| Other revenue | 74,452 | 72,629 | 57,243 | |
| Total revenue | (5) | 9,402,123 | 8,512,429 | 7,514,493 |
| Cost of software and maintenance | – 1,099,966 | – 993,227 | – 916,278 | |
| Cost of service | – 2,078,011 | – 1,924,614 | – 1,783,453 | |
| Research and development | – 1,334,815 | – 1,088,632 | – 908,056 | |
| Sales and marketing | (6) | – 1,915,441 | – 1,746,221 | – 1,523,662 |
| General and administration | – 464,966 | – 435,185 | – 366,425 | |
| Other operating income, net | (7) | 56,470 | 6,182 | 1,762 |
| Total operating expenses | – 6,836,729 | – 6,181,697 | – 5,496,112 | |
| Operating income | 2,565,394 | 2,330,732 | 2,018,381 | |
| Other non-operating income/expense, net | (9) | – 12,303 | – 25,161 | 13,274 |
| Financial income, net | (10) | 121,708 | 10,785 | 40,987 |
| Income before income taxes and minority interest | 2,674,799 | 2,316,356 | 2,072,642 | |
| Income taxes | (11) | – 801,612 | – 817,053 | – 757,269 |
| Minority interest | – 1,810 | – 2,896 | – 4,852 | |
| Net income | 1,871,377 | 1,496,407 | 1,310,521 | |
| Earnings per share – basic in € | (12) | 1.53 | 1.21 | 1.05 |
| Earnings per share – diluted in € | (12) | 1.52 | 1.20 | 1.05 |
The accompanying Notes are an integral part of these Consolidated Financial Statements.