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Consolidated Balance Sheets
| Tab. 1 Assets in € |
Notes No./Page |
31.08.2005 | 31.08.2004 |
| Current assets: Cash and cash equivalents |
9,614,529 | 1,334,258 | |
| Short-term investments/marketable securities | 2.6/ | 955,622 | 25,704,158 |
| Accounts receivable, net of allowances for doubtful accounts of € 155,924 and € 156,174 on 31.08.2005 and 31.08.2004 respectively |
1,553,805 | 1,779,577 | |
| Unbilled revenues | 170,404 | 353,428 | |
| Other current assets and prepaid expenses | 3.2/ | 331,151 | 786,397 |
| Deferred tax asset | 8/ | 146,962 | — |
| Total current assets | 12,772,473 | 29,957,818 | |
| Non-current assets: Property and equipment, net |
3.1/ | 973,758 | 1,293,835 |
| Total non-current assets | 973,758 | 1,293,835 | |
| Total assets | 13,746,231 | 31,251,653 | |
| Liabilities and shareholders’ equity | Notes No./Page |
31.08.2005 | 31.08.2004 |
| Current liabilities: Liability to shareholders |
3.4/ | — | 20,768,780 |
| Trade accounts payable | 801,924 | 428,171 | |
| Advance payments received | 313,187 | 70,094 | |
| Accrued expenses | 3.3/ | 1,465,386 | 1,081,589 |
| Deferred income and other current liabilities | 3.5/ | 831,697 | 762,504 |
| Total current liabilities | 3,412,194 | 23,111,138 | |
| Non current liabilities | 3.6/ | — | 86,841 |
| Shareholders’ equity: Common stock, stated value € 1, issued: 11,542,764 and 11,542,764, outstanding: 11,411,417 and 10,937,164 on 31.08.2005 and 31.08.2004 respectively |
11,542,764 | 11,542,764 | |
| Capital reserve | 6.2/ | 17,596,005 | 16,594,840 |
| Treasury stock, 131,347 and 605,600 on 31.08.2005 and 31.08.2004 respectively | 6.5/ | –200,933 | –926,438 |
| Accumulated deficit | –18,631,595 | –19,176,937 | |
| Accumulated other comprehensive income/loss | 2.12/ | 27,796 | 19,445 |
| Total shareholders’ equity | 10,334,037 | 8,053,674 | |
| Total liabilities and shareholders’ equity | 13,746,231 | 31,251,653 | |
