Other Financial Obligations
Other financial obligations from rental and lease agreements mainly contain lease agreements for office equipment and various hardware and software components. The following payments will be due in future fiscal years from agreed lease installments:
There are other financial obligations after the fiscal year 2011/2012 from rental agreements in Germany and Italy.
Corporate Governance
MAGIX AG submitted the declaration of compliance pursuant to Sec. 161 AktG in December 2007. It is constantly available to shareholders on the homepage of MAGIX AG (www.magix.com) under Investor Relations.
Auditor’s Fees
In the fiscal year 2006/2007 the following fees were recorded for the auditors, Ernst & Young AG Wirtschaftsprüfungsgesellschaft, Steuerberatungsgesellschaft:
- Annual audits: kEUR 72 (prior year: kEUR 72)
- Other services: kEUR 0 (prior year: kEUR 218)
Consolidated Financial Statements
The Company is publicly listed in the Prime Standard on the Frankfurt Stock Exchange (WKN 722078). The Company prepares consolidated financial statements in accordance with international accounting standards pursuant to Sec. 315a HGB. Additional disclosures on shareholdings are filed with the commercial register in a separate list.
Subsequent Events
Subsequent to the balance sheet date, the Group acquired 1.1 million treasury shares for a price of kEUR 5.5 million on October 2 through a public repurchase bid. According to the resolution of the shareholders’ meeting of March 23, 2007, the shares can be used as acquisition currency or for the stock option plan, sold on the stock exchange or redeemed.
Profit Appropriation at MAGIX AG (Separate Financial Statements under Commercial Law)
The management board proposes that the retained earnings under commercial law of MAGIX AG of kEUR 9.756.253,93 be carried forward.
Berlin, January 4, 2008
Dieter Rein Management board
Jürgen Jaron Management board
Tilman Herberger Management board
