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(18) Deferred Expenses
Deferred expenses reflect advance payments on
the part of SAG associated with license and
lease agreements. The accrual is released and the
expense recorded in the period in which the
relevant contracting partner provides the service.
Table
(19) Intangible Assets
This account is composed primarily of acquired
software licenses.
(20) Goodwill
Goodwill is the result of the acquisition of the SAGUSA
Group effective February 1, 2001, amortized
until January 1, 2003.
(21) Land and buildings
Land and buildings mainly consist of assets that
belong to the parent company. Primarily this refers
to the central administration building of the controlling
company.
Capital expenditures of €1,509 thousand were
made to the administration building of Software AG
and to the administration building of Software AG
España S.A., Madrid, Spain.
Other plant, office furniture and
equipment
Other plant, office furniture and equipment
primarily includes office furniture and IT equipment
acquired under finance leases.
Capital expenditures of €4,197 thousand were
incurred as part of the modernization of the IT
infrastructure, as well as renovation measures
to the main headquarter building in Darmstadt.
(22) Financial Assets
Financial assets to a large extent reflect assets held
to cover long-term employee time accounts in the
case of insolvency.
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