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1、Annual report 2005Unlocking the Value of LegacyTMMicro Focus International Plc Annual report 2005Contents1 Micro Focus2 Group at a glance4 Chairmans statement5 Technology review7 Chief Executive Officers review of operations12 Chief Financial Officers review14 Board of directors 16 Directors report1
2、8 Corporate governance23 Corporate social responsibility24 Remuneration report28 Directors responsibilities29 Micro Focus International Plc29 Independent auditors report to the members of Micro Focus International Plc30 Balance sheet31 Cash flow statement32 Notes to the financial statements35 Micro
3、Focus International Limited35 Independent auditors report to themembers of Micro Focus InternationalLimited36 Consolidated profit and loss account37 Statement of Group total recognisedgains and losses37 Reconciliation of movement in Groupshareholders funds38 Consolidated balance sheet39 Consolidated
4、 cash flow statement40 Notes to the financial statements63 Historical summary64 Directors,Secretary,registered office and advisers65 Offices66 GlossaryAgile solutionsOur Leverage and Extend and Lift and Shift solutionsmake it possible to protectinvestment in legacy applications by migrating them to
5、more open andflexible contemporaryplatforms.Micro Focus,founded in 1976,is a leading provider of legacy development anddeployment software.Our Leverage and Extend and Lift and Shift solutionsenable our customers,which include more than 70 of the 2004 Fortune“Global 100”companies,to continue to gain
6、value from their legacy of investmentin business applications.We enable more than 5,000 customers and one million licensed users,across the financial services,government,healthcare,retail,manufacturing and software industries,worldwide,to improve theirefficiency,to take advantage of Web Services and