Sage's pre-tax profits are up 19 per cent to £113.7m (2005: £95.8m) on sales up 18 per cent to £455.9m (2005: £385.6m). most of this growth has come from acquisitions and have just made another niche purchase with Master Builder, which focuses on the US construction industry for six million dollars.
There has been debate about how Sage balances the books.
"Sage's balance sheet remains a thing of controversy - saved from the ignominy of negative equity only by the company's decision not to amortise goodwill from acquisitions. Goodwill currently stands at £1,275.4m, up from £995.7m in 2005, contributing to shareholders' equity of £957.3m."
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