  We study an extended Shastry-Sutherland model for SrCu_2(BO_3)_2 and analyze
the low lying parts of the energy spectrum by means of a perturbative unitary
transformation based on flow equations. The derivation of the 1-magnon
dispersion (elementary triplets) is discussed. Additionally, we give a
quantitative description (symmetries and energies) of bound states made from
two elementary triplets. Our high order results allow to fix the model
parameters for SrCu_2(BO_3)_2 precisely: J_1=6.16(10)meV, x:=J_2/J_1=0.603(3),
J_\perp=1.3(2)meV. To our knowledge this is the first quantitative treatment of
bound states in a true 2d model.
