Because the energy flow is not just non-constant but also erratic, the back-up systems also need to be extremely sensitive and capable of ramping up from shut-down to fully-on within a very short period of time to prevent grid instability and even collapse.
However, even though we will be holding non-interest spending constant in real terms, our tax revenues in 2012 will be 33% of GDP, while our expenses will be about 40.5% of GDP.
The company posted software and software-related revenue for the quarter on a non-IFRS basis of 2.692 billion Euros, up 14%, or 18% in constant currency.