HispanicBusiness

3. Significant Accounting Policies:

The condensed consolidated financial statements should be read in conjunction with the Company's annual financial statements for the year ended March 31, 2012 prepared in accordance with IFRS applicable to those annual consolidated financial statements. The same accounting policies, presentation and methods of computation have been followed in these condensed consolidated financial statements as were applied in the Company's first annual IFRS consolidated financial statements for the year ended March 31, 2012.

4. Revenue:

For the three months ended December 31,                  2012           2011(thousands of $)--------------------------------------------------------------------------------------------------------------------------------------------------------Software licenses                                      15,369         14,377Professional services                                   1,433          1,521----------------------------------------------------------------------------                                                       16,802         15,898--------------------------------------------------------------------------------------------------------------------------------------------------------For the nine months ended December 31,                   2012           2011(thousands of $)--------------------------------------------------------------------------------------------------------------------------------------------------------Software licenses                                      45,302         39,669Professional services                                   4,039          4,150----------------------------------------------------------------------------                                                       49,341         43,819--------------------------------------------------------------------------------------------------------------------------------------------------------

For the three months ended December 31,                 2012           2011(thousands of $)--------------------------------------------------------------------------------------------------------------------------------------------------------Research and development                               3,586          3,104Scientific research and experimental development ("SR&ED") investment tax credits           (450)          (357)----------------------------------------------------------------------------                                                       3,136          2,747--------------------------------------------------------------------------------------------------------------------------------------------------------For the nine months ended December 31,                  2012           2011(thousands of $)--------------------------------------------------------------------------------------------------------------------------------------------------------Research and development                              10,458          8,656Scientific research and experimental development ("SR&ED") investment tax credits         (1,397)        (1,021)----------------------------------------------------------------------------                                                       9,061          7,635--------------------------------------------------------------------------------------------------------------------------------------------------------