| |
(15) Cash and Cash Equivalents
Cash and cash equivalents include cash on hand,
bank balances, and short-term securities. The level
of cash and cash equivalents rose during fiscal
2004 by €44,933 thousand to €119,092 thousand.
This rise is due in the greater part to the positive
cash flow generated by operating activities amounting to €28,855 thousand, as well as sales
proceeds from SAP-SI shares totaling €25,951 thousand.
The reduction in financial obligations from
finance leases of €3,170 thousand, as well as investment
in intangible assets and property, plant and
equipment of €6,031 thousand, provided an offsetting
effect.
(16) Trade Receivables
These items may be broken down as follows:
|
€ thousands |
31.12.2004
|
31.12.2003
|
Remaining term < 1 year |
|
|
Trade accounts receivable |
103,282 |
106,790 |
Unbilled receivables |
6,392 |
2,203 |
|
109,674 |
108,993 |
| |
Remaining term > 1 year |
Trade accounts receivable |
14,648 |
15,585 |
|
124,322 |
124,578 |
| |
(17) Other Receivables and Other Assets
Other receivables and other assets primarily include
receivables from tax authorities for input VAT as
well as rental deposits.
|
|
