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Five-Year Summary1)

SAP Group
 € millions, unless otherwise stated

 2004 2005 2006 2007 2008
Revenue and income          
   Software revenue 2,361 2,743 3,003 3,407 3,606
      thereof EMEA 1,292 1,368 1,492 1,697 1,844
      thereof Americas 780 1,024 1,133 1,228 1,184
      thereof Asia Pacific Japan 289 3,351 378 482 578
   Software and software-related service revenue 5,184
5,955
6,605
7,441
8,466
   Total revenue 7,514 8,509 9,402 10,256 11,575
   as a percentage of product revenue 69% 70% 70% 73% 73%
   Operating Income 2,018 2,337 2,503 2,698
2,701
      Operating margin in % 27% 27% 27% 26% 23%
      Stock-based compensation charges 38 45 129 106 63
      Acquisition-related charges2) 30 34 43 61 297
      Interest income, net 56 90 120 135 -51
      Financial income, net 41 10 122 124 -50
   Income before income taxes  2,073 2,323 2,614
2,824
2,624
      Profit sales ratio (income before income taxes as a
      percentage of total revenue)
28%
27% 28% 28% 23%
      Return on equity (net income as a percentage of average
      equity)		 32% 29% 31% 30% 27%
      Income taxes -757 -818 -778 -916 -776
   Net income/profit after taxes 1,311 1,496 1,836 1,908
1,848

Liquidity and cash flow		          
      Net cash provided by operating activities 1,845 1,612 1,847 1,932 2,158
      Net cash used in investing activities -748 -574 -134 -1,391 -3,769
      Net cash used in/provided by financing activities -388 -555 -1,375 -1,287 1,281
      Cash and cash equivalents 1,506 2,064 2,399 1,608 1,277
      Restricted cash n/a n/a n/a 550 3
      Short-term investments n/a 1,782 483 498 382
   Group liquidity (cash and cash equivalents/short-term
   investments); 2002-2004: Liquid assets		 3,197 3,846 2,882 2,656 1,662
   Days sales outstanding (DSO) 71 68 68 66 71

Assets and equity 		         
      Accounts receivable 1,929 2,250 2,440 2,895 3,128
      Current assets 4,850 6,520 5,769 6,184 5,571
      Long-term assets 2,735 2,520 3,563 3,977 8,329
      Current liabilities (including deferred income) 2,592 2,743 2,762 3,184 5,812
      Long-term liabilities (including deferred income and minority
      interest)
399 515 447 499 905
   Shareholders' equity (incl. temporary equity) 4,594 5,782
6,123
6,478
7,183
   Total assets 7,585 9,040
9,332
10,161
13,900
      Equity ratio (equity as a percentage of the total assets) 61% 64% 66% 64% 52%
      Debt-equity ratio (liabilities as a percentage of total assets) 39% 36% 34% 36% 48%
      Purchase of intangible assets, property, plant and
      equipment (incl. acquisitions)
338 504 902 1,097 4,898
      Depreciation and amortization 210 204 214 260 539
      Depreciation and amortization as a percentage of purchase
62% 40% 24% 24% 11%

Employees3) and personnel expenses		          
   Number of employees, year-end
  32,205  35,873  39,355  44,023  51,544
   Number of employees, annual average
  31,224  34,550  38,053  42,302  51,638
   Personnel expenses
  2,968  3,365  3,882  4,191  4,894
   Personnel expenses – excluding stock-based compensation
 2,930  3,320  3,753  4,085  4,831
   Personnel expenses per employee – excluding stock-based
   compensation in € (000)
  94  96  99  97  94

Research and development expenses
         
   Research and development expenses
  908  1,089  1,344  1,461  1,627
   as a percentage of total revenue
  12%  13%  14%  14%  14%
   Number of employees in R & D, year-end3)
9,882
 10,215  11,801  12,951  15,547

Financial performance measures 		         
   Shares outstanding as of year-end in million4) 1,264 1,266 1,268 1,246 1,226
   Weighted average shares – basic in million4) 1,243 1,239 1,226 1,207 1,190
   Earnings per share in €4) 1.05 1.21 1.50 1.58 1.55
   Weighted average shares – diluted in million4)
1,249 1,243 1,231 1,210 1,191
   Earnings per share – diluted in €4)
1.05 1.21 1.49 1.58 1.55
   Dividend per common share in €4), 5) 0.28 0.36 0.46 0.50 0.50
   Dividend distributions5) 340 447 556
594
594
   Dividend distributions as a percentage of net income5) 26%  30% 30%
 31% 32%
   Stock prices at year-end – common share in €4) 32.85
 38.29 40.26 35.53 25.24
   Stock prices – common share – peak in €4) 35.68 39.11 46.86 42.27 39.93
   Stock prices – common share – lowest in €4) 29.03 27.66
34.56 33.37 23.45
   Market capitalization in € billions 41.5 48.5 51.0  44.3 30.9
   Return on SAP common shares 1 year investment period in %6)
-1.32 17.75 6.00 -10.60 -27.90
   Return on SAP common shares 5 years investment period
   in %6)
-3.80 4.96 2.60 14.50 -4.40
   Return on SAP common shares 10 years investment period
   in %6) 
22.88 15.60
16.90 5.20 -1.10
   Cash earnings according to DVFA/SG2) 1,606 1,753 2,104 2,162 2,413
1) Amounts for 2008. 2007 and 2006 according to IFRS; amounts for 2005 and 2004 according to U.S. GAAP. unless otherwise stated
2) Amounts for 2008 and 2007 according to IFRS; amounts for 2006. 2005 and 2004 according to U.S. GAAP. unless otherwise stated
3) Based on full-time equivalents.
4) All amounts shown reflect the issuance of bonus shares at a 1-to-3 ratio under the capital increase in 2006. Prior period amounts have been adjusted accordingly.
5) For the year 2008 proposed dividend and based on 2008 closing level of Treasury stock
6) Assuming all dividends are reinvested (no tax credit)
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