Glossary


(Application) Suite

A group of applications sold as a complete package. Wincor Nixdorf has developed the Retail Banking Suite (ProClassic/Enterprise Retail Banking Solution Suite) for the banking industry and the TP Application Suite for its retail customers.

Amortization/Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life. In the case of an intangible asset or goodwill, the term “amortization” is generally used instead of “depreciation.” Both terms have the same meaning.

Banking (Segment)

The segment within Wincor Nixdorf dealing with the development, manufacture and sale of hardware, software and services for customers in the banking industry.

Carve-out

The demerger of one or more business units from a company, group of companies or a group corporation. The Retail and Banking business was demerged from the Siemens Group on October 1, 1999.

Cash Cycle Management

(see also Cash Management)

Cash Management

The term Cash Management is used to describe all the measures in place to assure the short-term availability of cash in the company. It covers the full range of tasks and measures implemented to provide sufficient liquidity and achieve the greatest possible level of transaction efficiency. Cash Management goes beyond the simple administration of cash resources; it involves the active, targeted control of cash with a view to assuring and maintaining the company’s ability to meet its payment obligations.

Cash Flow

Cash flow describes the change in cash and cash equivalents during the period under review.

Cash Management

The term Cash Management is used to describe all the measures in place to assure the short-term availability of cash in the company. It covers the full range of tasks and measures implemented to provide sufficient liquidity and achieve the greatest possible level of transaction efficiency. Cash Management goes beyond the simple administration of cash resources; it involves the active, targeted control of cash with a view to assuring and maintaining the company’s ability to meet its payment obligations.

Cash Office

This refers to the cash office in a retail branch where cash from the checkouts is counted and prepared for collection.

Cash Points

Machines or devices in which money is held or stored, such as ATMs, safes, automated teller safes, checkout systems, etc.

Cash Recycling System

Cash machine that counterfeit-checks deposited banknotes and subsequently makes this cash available for withdrawals.

Cash Systems

Cash systems include devices for dispensing or depositing cash as well as combined cash recycling systems for self-service and teller/cashier operation.

CCDM, Cash/Check Deposit Module

Module that automates the process of accepting and identifying banknotes and checks.

Checkout Systems

Systems, made up of hardware and software, used for the process of scanning and payment of goods in retail outlets.

CINEO

CINEO stands for Cash Intelligence Neo/New

Consulting

In most cases, consulting services are unrelated to a specific product and are offered when the client either lacks the required in-house expertise or the time. It is a general term that can be used to describe a range of professional activities. It is often used in the context of business or IT consulting.

Corporate Governance

Responsible management and control of a company based on the principle of creating value over the long term.

Declaration of Conformity

The declaration made by the Board of Directors and the Supervisory Board pursuant to Section 161 of the German Stock Corporation Act (Aktiengesetz – AktG) relating to implementation of the recommendations of the Government Commission on German Corporate Governance.

Deferred Taxes

Temporary differences between taxes calculated on the basis of accounting profit on the one hand and taxable profit on the other, the aim being to present tax expense on the basis of accounting profit.

Distribution Channels

Distribution (or sales) channels are the various channels used for communication with customers. Offering hardware, software and services through a number of different distribution channels is often referred to as multichannel distribution (see also Multichannel).

Dividend Yield

Shows how much a company pays out in dividends each year relative to its share price: dividend amount divided by the current share price, multiplied by 100.

EBITA (Operating Profit)

Earnings before interest, taxes and amortization of goodwill and product know-how. Wincor Nixdorf uses EBITA as an indicator of the underlying profitability of its core Retail and Banking businesses.

EBITDA

Earnings before interest, taxes, depreciation and amortization of goodwill, product know-how and licenses.

Electronic Checkout System (EPOS)

Electronic checkout (or electronic point-of-sale) systems are taken to include all types of checkout systems that function electronically rather than mechanically.

Electronic Point-of-Sale (EPOS) Device

(see also Electronic Checkout System).

Electronic Checkout System (EPOS)

Electronic checkout (or electronic point-of-sale) systems are taken to include all types of checkout systems that function electronically rather than mechanically.

Free Float

The free float of a public company is an estimate of the proportion of shares that are not held by large owners and that are not stock with sales restrictions. It is a measure of how many shares are reasonably liquid and therefore excludes those shares held by strategic shareholders.

Intelligent Deposit

Solutions, consisting of hardware and software, which automate the process of taking in and processing items such as bottles (reverse vending systems) as well as cash and/or checks (CCDM).

International Financial Reporting Standards

The aim of these standards is to make it easier to compare company data. In accordance with an EU directive, all quoted companies are obliged to present their financial statements and reports in line with these rules.

Managed Services

Standardized services associated with the operation of IT systems and information and communication infrastructures within the retail and banking environment.

Multichannel

Under the multichannel principle, transactions that are executed using various distribution or sales channels, such as counter, Internet or ATM transactions, can be settled and managed through a uniform system that makes it possible to use identical applications and data sets.

Multivendor

Under the multivendor principle, the products of one supplier can be combined with the products of another supplier. Alternatively, the products of a third-party supplier that are already installed within a customer’s system may be integrated into a specific software architecture.

Net Debt

Miscellaneous securities plus cash in hand and at bank (including checks), minus bank liabilities.

Net-centric Principle

In the case of software applications designed around this principle, the entire software required to run equipment is no longer installed on the client systems, ATMs or EPOS systems, but rather on a central server.

Non-cash Products

These are systems deployed for the purpose of presenting information and processing transactions, such as statement printers and kiosk or money transfer terminals.

Outsourcing

This term refers to the delegation of operational functions and duties to outside suppliers.

Payment Processing

Processing of payment transactions from initial entry in the device (see also Talking Devices) to transmission, authorization and off-line processing.

Talking Devices

Products capable of issuing status messages autonomously, providing identity-related data as requested and – if the need arises – reporting errors or malfunctions automatically. Serviceability requirements are taken into account as soon as initial ideas concerning the features of new products are formulated.

PCI

Stands for Peripheral Component Interconnect, a standard for connecting computers and their peripherals.

Point-of-sale (POS) Systems

Checkout systems.

ProFuture

ProFuture is an internal program at Wincor Nixdorf

Product Related Services

Product Related Services are those directly connected with the product after installation and during its life cycle (e.g., maintenance services).

Professional Services

These involve providing specialized services to businesses. Wincor Nixdorf offers consulting and integration services. The term also covers all services relating to the implementation of a solution.

Profit for the Period

Profit of the Group before it is divided into “Profit attributable to minority interest” and “Profit attributable to equity holders of Wincor Nixdorf AG.”

Profit for the Period (before Carve-out)

Profit for the period, adjusted for amortization of product know-how identified as part of the carve-out and adjusted for the amount of deferred taxes associated therewith.

R&D Expenditure

Expenditure on research and development activities.

Retail (Segment)

The development, production, logistics, marketing and sale of hardware together with software and other services for Wincor Nixdorf’s retail customers.

Revolving Facility

Line of credit that can be utilized repeatedly up to the end of the agreed term despite the borrower already having made repayments. The revolving credit can be utilized in part or in full, and in our specific case the amounts borrowed can be denominated in various currencies (multicurrency revolving facility).

Rollout

Rollout describes the process of implementing new technologies, products or applications; in other words, the launch for final use and consumption. Alternatively, it can also mean large-scale installation projects such as EPOS systems or ATMs in branch offices or stores under a stipulated project timetable.

Self-checkout

This checkout procedure is executed at the checkout counter without a cashier. The customer scans the products and pays for them at the machine using cash or a debit or credit card.

Self-service Systems

Equipment or devices that permit consumers or bank customers to execute transactions without the assistance of service or sales personnel or banking staff. Self-service products are, for example, ATMs, self-checkout systems or kiosk terminals.

Service(s)

This term is used to refer to all those parts of our portfolio, such as consulting, that do not consist of hardware or software.

Serviceability

Compilation, processing and analysis of detailed information about system components and overall system status as a basis of efficient management of services workflow.

Service-oriented Architecture (SOA)

Flexible, scalable IT architecture that is designed to support data processing by means of modularizing and interconnecting processes and systems. Heterogeneous system environments are efficiently adjusted to changing business processes with the help of a software platform.

Software Solutions

A software solution is software that is tailored to a customer’s individual needs. It may comprise one or more software applications and is integrated into the customer’s IT environment.

Solution(s)

A solution is a combination of at least two of the following: hardware, software and services/consulting.

Supply Chain

The term supply chain describes the management of materials procurement throughout a company’s entire value chain and includes suppliers and buyers. At Wincor Nixdorf, it is specifically used to cover the following processes

Talking Devices

Products capable of issuing status messages autonomously, providing identity-related data as requested and – if the need arises – reporting errors or malfunctions automatically. Serviceability requirements are taken into account as soon as initial ideas concerning the features of new products are formulated.

TCO (Total Cost of Ownership)

The total costs of hardware, software or a service, including all direct and indirect costs (including consequential costs).

Thin Client (Smart Client)

Refers to a computer as a network device (in this case: ATMs, POS systems or other terminals) whose functionality is limited to essential tasks.

Transaction Management

Processing and forwarding, including authentication, of data relating to financial transactions executed within the banking industry.

Volatility

Intensity of price fluctuations of a stock, currency or bulk commodity compared to the market development.

Working Capital

Working capital is defined as inventories plus trade receivables, less trade payables, less prepayments received and deferred income.
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