Software Financial Holding GmbH, Darmstadt (merged with Software AG as of December 5, 2014) 100 IDS Scheer Consulting GmbH, Saarbrücken (sold as of June 1, 2014)
and its subsidiary
100
• IDS Scheer Schweiz AG, Zurich/Switzerland 100
SAG Deutschland GmbH, Darmstadt 100
SAG Consulting Services GmbH, Darmstadt 100
SAG LVG mbH, Saarbrücken (formerly IDS Scheer EMEA GmbH, Saarbrücken) and its foreign subsidiaries
100
• Software Dutch License Company C.V., Al’s-Gravenhage/Netherlands 99
FACT Unternehmensberatung GmbH, Frankfurt/Main and its subsidiary
65
• FACT Informationssysteme und Consulting AG, Neuss 55
itCampus Software und Systemhaus GmbH, Leipzig 100
alfabet GmbH, Berlin and its subsidiary
100
• deepSTRUCTURE GmbH, Berlin 100
metaquark GmbH, Leipzig (acquisition of all shares as of February 28, 2014) 100
[1] Basis of presentation
Software AG’s consolidated financial statements are pre-pared in accordance with the International Accounting ards Board (IASB), International Financial Reporting Stand-ards (IFRS), as applicable in the European Union (EU) and in accordance with the additional provisions required under German commercial law as set forth in section 315a (1) of the German Commercial Code (HGB). The IFRSs applicable as of December 31, 2014 were observed, as were the in-terpretations of the International Financial Reporting Inter-pretations Committee (IFRIC—formerly SIC).
Software AG is a registered stock corporation under German law with registered offices in Darmstadt. It is the parent company of a Group that is globally active in the fields of software development, licensing and maintenance as well
b) Foreign entities Ownership interest
%
Country
Software A.G. Argentina S.R.L., Buenos Aires/Argentina 95 Argentina
in which SAG Deutschland GmbH also has a direct stake 5
Software AG Sydney PTY LTD, McMahons Point/Australia (formerly IDS Scheer Australia – New Zealand)
100 Australia
Software GmbH Österreich, Vienna/Austria and its subsidiary
100 Austria
• IDS Scheer GesmbH, Vienna/Austria (sold as of April 29, 2014) 100 Austria
Software AG (Gulf) S.P.C., Manama/Bahrain and its subsidiary
100 Bahrain
• Software AG International FZ LLC, Dubai/United Arab Emirates 100 United Arab
Emirates
IDS Scheer Sistemas de Processamento de Dados, São Paulo/Brazil 100 Brazil
Software AG Development Center Bulgaria EOOD, Sofia/Bulgaria 100 Bulgaria
Software AG China Ltd., Shanghai/China 100 China
Software AG (Hong Kong) Limited, Hong Kong/China 100 China
IDS Scheer d.o.o. Croatia (Headquarters), Split/Croatia 100 Croatia
Software AG Denmark A/S, Hvidovre/Denmark and its subsidiary
100 Denmark
• Software AG Nordic A/S, Oslo/Norway 100 dormant Norway
Software AG Finland Oy, Helsinki/Finland 100 Finland
Software AG France S.A.S, Courbevoie Cedex/France 100 France
Software AG India Sales Private Ltd, Bandra (E), Mumbai/India 100 India
Software AG (India) Private Limited, Bangalore/India 100 India
S.P.L. Software Ltd, OR-Yehuda/Israel and its subsidiaries
100 Israel
• SPL Systems (1986) Ltd, OR-Yehuda/Israel
(merged with S.P.L. Software Ltd as of August 25, 2014)
100 Israel
• Software A.G. (Israel) Ltd, OR-Yehuda/Israel and its subsidiary
100 Israel
• Sabratec Technologies, Inc., OR-Yehuda/Israel 100 Israel
Software AG Italia S.p.A, Milan/Italy 100 Italy
SAG Software AG Luxembourg S.A., Capellen/Luxembourg (formerly IDS Scheer Luxembourg S.A.) 100 Luxembourg SAG Central and Eastern Europe S.A., Capellen/Luxembourg
(formerly IDS Scheer Central and Eastern Europe S.A.)
100 Luxembourg
Software AG Nederland B.V., Den Haag/Netherlands 100 The Netherlands
Software AG (Philippines), Inc., Makati City/Philippines 100 Philippines
Software AG Polska Sp. z o.o., Warsaw/Poland 100 Poland
OOO Software AG (RUS), Moscow/Russia 100 Russia
IDS Scheer Saudi Arabia LLC, Riyadh/Saudi Arabia 95 Saudi Arabia
in which SAG Software Systems AG also has a direct stake 5
Software AG Saudi Arabia, LLC, Riyadh/Saudi Arabia 95 Saudi Arabia
Software AG (Singapore) Pte LTD, Singapore and its subsidiaries
100 Singapore
• Software AG (Asia Pacific) Support Centre Pte Ltd, Singapore (liquidated as of July 10, 2014) 100 Singapore
• alfabet Pte Ltd, Singapore/Singapore 100 Singapore
Software AG Development Centre Slovakia s.r.o., Košice/Slovakia 100 Slovakia
Notes to the Consolidated Financial StatementsNotes to the Consolidated Financial Statements
b) Foreign entities Ownership interest
%
Country
IDS Scheer, d.o.o., Ljubljana/Slovenia 100 Slovenia
Software AG South Africa (Pty) Ltd, Bryanston/South Africa 100 South Africa
Software AG España, S.A. Unipersonal, Tres Cantos, Madrid/Spain and its subsidiaries
100 Spain
• A. Zancani & Asociados, C.A., Chacao Caracas/Venezuela 100 Venezuela
• Software AG Factoria S.A., Santiago de Chile/Chile 100 Chile
• Software AG Brasil Informática e Serviços Ltda, São Paulo/SP/Brazil 100 Brazil
• Software AG De Panamá, S.A., Corregimiento de Pueblo nuevo/Panama and its subsidiary
100 Panama
• Software AG de Costa Rica, S.A., San José/Costa Rica 100 Costa Rica
• Software AG De Puerto Rico, Inc., San Juan/Puerto Rico 100 Puerto Rico
• Software AG Portugal, Alta Tecnologia Informática, Ltd., Lisbon/Portugal 97 Portugal
in which Software AG also has a direct stake 3
• Software AG Venezuela, C.A., Caracas/Venezuela 100 Venezuela
Software AG Sweden AB, Kista/Sweden 100 Sweden
SAG Software Systems AG, Zurich/Switzerland 100 Switzerland
Software AG Bilgi Sistemleri Ticaret A.S., Istanbul/Turkey 100 Turkey
Software AG Development Center Ukraine LLC, Lviv City/Ukraine 100 Ukraine
Software AG (UK) Limited, Derby/U.K.
and its subsidiaries
100 United Kingdom
• Software AG Belgium S.A., Watermael-Boitsfort/Belgium, 76 Belgium
in which Software AG also has a direct stake 24
• PCB Systems Limited, Derby/U.K. 100 dormant United Kingdom
SGML Technologies Limited, Derby/U.K. 100 United Kingdom
Software AG, Inc., Reston, VA/USA and its subsidiaries
100 United States
• Software AG (Canada) Inc., Cambridge, Ontario/Canada 100 Canada
• Software AG Government Solutions, Inc., Reston, VA/USA and its subsidiaries
100 United States • JackBe LLC, Reston, VA/USA (merged with Software AG Government Solutions,
Inc. as of February 28, 2014)
100 United States
• JackBe Mexico, Mexico City, Mexico 100 Mexico
• Software AG, S.A. de C.V. (Mexico), Distrito Federal/Mexico 100 Mexico
• Software AG International, Inc., Reston, VA/USA (merged with Software AG, Inc. as of December 31, 2014)
100 United States • Software AG USA, Inc., Reston, VA/USA
and its subsidiaries
100 United States • Software AG Australia (Holdings) Pty Ltd., McMahons Point/Australia
and its subsidiary
100 Australia
• Software AG Australia Pty Ltd., McMahons Point/Australia 100 Australia
• Software AG Bangalore Technologies Private Ltd., Bangalore/India 100 India
• Software AG Chennai Development Center India Pvt Ltd, Chennai/India 100 India
• Software AG Korea, Ltd., Seoul/Korea 100 Korea
• Software AG Ltd. Japan, Tokyo/Japan 100 Japan
• Software AG Operations Malaysia Sdn Bhd., Kuala Lumpur/Malaysia 100 Malaysia
Actual amounts may differ from the estimates made. The primary areas of application for estimates and assumptions are revenue recognition, assessment of legal risks, measure-ment of trade receivables, acquisition accounting, subsequent accounting of goodwill and other intangible assets and accounting for income taxes and deferred taxes.
Principles of consolidation
The separate financial statements of the entities included in the consolidated financial statements were prepared in accordance with uniform accounting policies pursuant to IFRS as of the balance sheet date for the consolidated finan-cial statements (December 31, 2014).
The initial consolidation method applied to business combi-nations was based on the respective date of foundation in the case of companies founded by Software AG. Acquired companies are included for the first time on the date Soft-ware AG achieves control.
Changes in ownership interests that do not lead to a loss of control are excluded from income and reported within equity.
Since the transition to IFRS on January 1, 2003, goodwill previously recognized in line with the Commercial Code has been measured in accordance with IAS 36.
Revenue, expenses and income and receivables and payables arising between consolidated entities have been eliminated.
Intercompany earnings are eliminated where they have not arisen from services to third parties. Group equity and net income attributable to minority interests are reported sep-arately from equity and net income attributable to the share-holders of the parent company.
The number of consolidated entities changed from the level as of December 31, 2013 as follows:
The disposals resulted from the merger, the liquidation and the sale of consolidated enterprises.