DGAP-News

RIB Software SE explains the effects of its YTWO joint venture on the accounting of the RIB Group at the Annual General Meeting - Seite 2

The transaction has affected the accounting of RIB Group as follows:

- Revenue situation: The Group revenues in the fiscal year 2016 of EUR 97.9 million were not affected by transactions with the joint venture YTWO, because the sale of the licenses was in contractual connection with the investment into the joint venture. The operating EBITDA of EUR 33.0 million includes other operating income of EUR 7.7 million from the delivery of software licenses to the joint venture YTWO.

- Financial situation: The cash flow statement was on the one hand affected by a cash outflow of EUR 55.0 million (USD 60 million) to the joint venture YTWO and on the other hand by cash inflow of EUR 37.9 million from the sales of the software licenses to the joint venture YTWO.

- Asset situation: The transaction also leads to an increase of the investments accounted for using the equity method of EUR 49.2 million. Moreover, the deferred revenues increased by EUR 6.0 million and the payment in advance (shown under the other current liabilities) by EUR 16.6 million.

For further information please see our remarks in the consolidated group management report (Annual Report pages 42 ff.)

About RIB Group

RIB Software SE is an innovator in construction business. The company creates, develops, and offers iTWO³ - new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 750 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.