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Consolidated Income Statements of SAP Group for the Years Ended December 31

€ millions, unless otherwise stated   Notes   2017   2016   2015
Cloud subscriptions and support       3,769   2,993   2,286
Software licenses       4,872   4,860   4,835
Software support       10,908   10,571   10,093
Software licenses and support       15,780   15,431   14,928
Cloud and software     19,549   18,424   17,214
Services     3,911   3,638   3,579
Total revenue   (5)   23,461   22,062   20,793
                 
Cost of cloud subscriptions and support       −1,660   −1,313   −1,022
Cost of software licenses and support       −2,234   −2,182   −2,291
Cost of cloud and software       −3,893   −3,495   −3,313
Cost of services       −3,158   −3,089   −2,932
Total cost of revenue     −7,051   −6,583   −6,245
Gross profit       16,410   15,479   14,548
Research and development       −3,352   −3,044   −2,845
Sales and marketing       −6,924   −6,265   −5,782
General and administration       −1,075   −1,005   −1,048
Restructuring   (6)   −182   −28   −621
Other operating income/expense, net       1   −3   1
Total operating expenses     −18,584   −16,928   −16,541
Operating profit       4,877   5,135   4,252
                 
Other non-operating income/expense, net   (8)   −36   −234   −256
Finance income       463   230   241
Finance costs       −278   −268   −246
Financial income, net   (9)   185   −38   −5
Profit before tax       5,026   4,863   3,991
                 
Income tax expense   (10)   −970   −1,229   −935
Profit after tax     4,056   3,634   3,056
Attributable to owners of parent       4,018   3,646   3,064
Attributable to non-controlling interests       38   −13   −8
                 
Earnings per share, basic (in €)   (11)   3.36   3.04   2.56
Earnings per share, diluted (in €)   (11)   3.35   3.04   2.56

The accompanying Notes are an integral part of these Consolidated Financial Statements.


Consolidated Statements of Comprehensive Income of SAP Group for the Years Ended December 31

€ millions   Notes   2017   2016   2015
Profit after tax       4,056   3,634   3,056
Items that will not be reclassified to profit or loss                
Remeasurements on defined benefit pension plans, before tax       29   −10   −19
Income taxes relating to remeasurements on defined benefit pension plans   (10)   −7   2   2
Remeasurements on defined benefit pension plans, net of tax       22   −8   −17
Other comprehensive income for items that will not be reclassified to profit or loss, net of tax       22   −8   −17
Items that will be reclassified subsequently to profit or loss                
Gains (losses) on exchange differences on translation, before tax       −2,730   865   1,845
Reclassification adjustments on exchange differences on translation, before tax       0   −1   0
Exchange differences, before tax       −2,730   864   1,845
Income taxes relating to exchange differences on translation   (10)   −2   −25   16
Exchange differences, net of tax   (20)   −2,732   839   1,861
Gains (losses) on remeasuring available-for-sale financial assets, before tax       114   −18   181
Reclassification adjustments on available-for-sale financial assets, before tax       −250   −26   −53
Available-for-sale financial assets, before tax   (26)   −136   −44   128
Income taxes relating to available-for-sale financial assets   (10)   1   1   −2
Available-for-sale financial assets, net of tax   (20)   −135   −43   125
Gains (losses) on cash flow hedges, before tax       81   −24   −59
Reclassification adjustments on cash flow hedges, before tax       −41   8   74
Cash flow hedges, before tax   (25)   39   −15   15
Income taxes relating to cash flow hedges   (10)   −10   4   −4
Cash flow hedges, net of tax   (20)   29   −11   11
Other comprehensive income for items that will be reclassified to profit or loss, net of tax       −2,838   785   1,997
Other comprehensive income, net of tax       −2,816   777   1,980
Total comprehensive income       1,240   4,410   5,036
Attributable to owners of parent       1,202   4,423   5,044
Attributable to non-controlling interests       38   −13   −8

The accompanying Notes are an integral part of these Consolidated Financial Statements.


Consolidated Statements of Financial Position of SAP Group as at December 31

€ millions   Notes   2017   2016
Cash and cash equivalents       4,011   3,702
Other financial assets   (12)   990   1,124
Trade and other receivables   (13)   5,899   5,924
Other non-financial assets   (14)   725   581
Tax assets       306   233
Total current assets     11,930   11,564
Goodwill   (15)   21,274   23,311
Intangible assets   (15)   2,967   3,786
Property, plant, and equipment   (16)   2,967   2,580
Other financial assets   (12)   1,155   1,358
Trade and other receivables   (13)   118   126
Other non-financial assets   (14)   621   532
Tax assets       443   450
Deferred tax assets   (10)   1,022   571
Total non-current assets     30,567   32,713
Total assets     42,497   44,277
             
Trade and other payables   (17)   1,151   1,281
Tax liabilities       597   316
Financial liabilities   (17)   1,561   1,813
Other non-financial liabilities   (17)   3,946   3,699
Provisions   (18)   184   183
Deferred income   (19)   2,771   2,383
Total current liabilities     10,210   9,674
Trade and other payables   (17)   119   127
Tax liabilities       470   365
Financial liabilities   (17)   5,034   6,481
Other non-financial liabilities   (17)   503   461
Provisions   (18)   303   217
Deferred tax liabilities   (10)   240   411
Deferred income   (19)   79   143
Total non-current liabilities     6,747   8,205
Total liabilities     16,958   17,880
Issued capital       1,229   1,229
Share premium       570   599
Retained earnings       24,794   22,302
Other components of equity       508   3,346
Treasury shares       −1,591   −1,099
Equity attributable to owners of parent       25,509   26,376
Non-controlling interests       31   21
Total equity   (20)   25,540   26,397
Total equity and liabilities     42,497   44,277

The accompanying Notes are an integral part of these Consolidated Financial Statements.


Consolidated Statements of Changes in Equity of SAP Group for the Years Ended December 31

€ millions   Equity Attributable to Owners of Parent   Non-Controlling Interests   Total Equity
Issued Capital   Share Premium   Retained Earnings   Other Compo-nents of Equity   Treasury Shares   Total
 
Notes   (20)   (20)   (20)       (20)            
January 1, 2015   1,229   614   18,317   564   −1,224   19,499   34   19,534
Profit after tax           3,064           3,064   −8   3,056
Other comprehensive income           −17   1,997       1,980       1,980
Comprehensive income       3,047   1,997     5,044   −8   5,036
Share-based payments       −136               −136       −136
Dividends           −1,316           −1,316       −1,316
Reissuance of treasury shares under share-based payments       80           100   180       180
Other changes           −4           −4   2   −2
December 31, 2015   1,229   558   20,043   2,561   −1,124   23,267   28   23,295
Profit after tax           3,646           3,646   −13   3,634
Other comprehensive income           −8   785       777       777
Comprehensive income       3,638   785     4,423   −13   4,410
Share-based payments       16               16       16
Dividends           −1,378           −1,378       −1,378
Reissuance of treasury shares under share-based payments       25           25   50       50
Other changes           −2           −2   6   4
December 31, 2016   1,229   599   22,302   3,346   −1,099   26,376   21   26,397
Hyperinflation           −17           −17       −17
January 1, 2017   1,229   599   22,285   3,346   −1,099   26,359   21   26,380
Profit after tax           4,018           4,018   38   4,056
Other comprehensive income           22   −2,838       −2,816       −2,816
Comprehensive income       4,040   −2,838     1,202   38   1,240
Share-based payments       −43               −43       −43
Dividends           −1,499           −1,499   −66   −1,565
Purchase of treasury shares                   −500   −500       −500
Reissuance of treasury shares under share-based payments       13           8   22       22
Changes in non-controlling interests           −33           −33   35   2
Other changes           2           2   2   4
December 31, 2017   1,229   570   24,794   508   −1,591   25,509   31   25,540

The accompanying Notes are an integral part of these Consolidated Financial Statements.


Consolidated Statements of Cash Flows of SAP Group for the Years Ended December 31

€ millions   Notes   2017   2016   2015
Profit after tax       4,056   3,634   3,056
Adjustments to reconcile profit after tax to net cash flow from operating activities:                
Depreciation and amortization   (15)   1,272   1,268   1,289
Income tax expense   (10)   970   1,229   935
Financial income, net   (9)   −185   38   5
Decrease/increase in sales and bad debt allowances on trade receivables       −32   51   45
Other adjustments for non-cash items       −34   39   −2
Decrease/increase in trade and other receivables       −309   −675   −844
Decrease/increase in other assets       −355   −248   −313
Decrease/increase in trade payables, provisions, and other liabilities       389   513   757
Decrease/increase in deferred income       718   368   218
Interest paid       −200   −190   −172
Interest received       88   79   82
Income taxes paid, net of refunds       −1,332   −1,477   −1,420
Net cash flows from operating activities       5,045   4,628   3,638
Business combinations, net of cash and cash equivalents acquired       −291   −106   −39
Cash receipts from derivative financial instruments related to business combinations       0   0   266
Total cash flows for business combinations, net of cash and cash equivalents acquired       −291   −106   226
Purchase of intangible assets and property, plant, and equipment       −1,275   −1,001   −636
Proceeds from sales of intangible assets or property, plant, and equipment       97   63   68
Purchase of equity or debt instruments of other entities       −2,914   −1,549   −1,871
Proceeds from sales of equity or debt instruments of other entities       3,272   793   1,880
Net cash flows from investing activities       −1,112   −1,799   −334
Dividends paid   (21)   −1,499   −1,378   −1,316
Dividends paid on non-controlling interests       −45   0   0
Purchase of treasury shares   (20)   −500   0   0
Proceeds from reissuance of treasury shares       0   27   64
Proceeds from borrowings       27   400   1,748
Cash receipts from swap contracts       0   43   0
Total cash flows from proceeds from borrowings       27   443   1,748
Repayments of borrowings       −1,391   −1,800   −3,852
Transactions with non-controlling interests       2   3   0
Net cash flows from financing activities       −3,406   −2,705   −3,356
Effect of foreign currency rates on cash and cash equivalents       −218   167   135
Net decrease/increase in cash and cash equivalents       309   291   83
Cash and cash equivalents at the beginning of the period   (21)   3,702   3,411   3,328
Cash and cash equivalents at the end of the period   (21)   4,011   3,702   3,411

 

The accompanying Notes are an integral part of these Consolidated Financial Statements.

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