Siemens 2005 Annual Report Download - page 136
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136
Consolidated Statements of Income
For the fiscal years ended September 30, 2005 and 2004 (in millions of €, per share amounts in €)
Management’s discussion and analysis
(1) The income taxes of Eliminations, reclassifications and Corporate Treasury,Operations,
and Financing and Real Estate are based on the consolidated effective corporate tax rate
applied to income before income taxes.
The accompanying notes are an integral part of these consolidated financial statements.
Siemens
Note 2005 2004
Net sales 75,445 70,237
Cost of sales (53,502) (49,592)
Gross profit on sales 21,943 20,645
Research and development expenses (5,155) (4,650)
Marketing, selling and general administrative expenses (13,684) (12,828)
Other operating income (expense), net 3, 4 (9) (172)
Income from investments in other companies, net 5584 1,031
Income (expense) from financial assets and marketable securities, net 6297 69
Interest income (expense) of Operations, net 7(32) 20
Other interest income (expense), net 7241 254
Income from continuing operations before income taxes 4,185 4,369
Income taxes(1) 8(979) (767)
Minority interest (148) (152)
Income from continuing operations 3,058 3,450
Income (loss) from discontinued operations, net of income taxes (810) (45)
Net income 2,248 3,405
Basic earnings per share 29
Income from continuing operations 3.43 3.87
Loss from discontinued operations (0.91) (0.05)
Net income 2.52 3.82
Diluted earnings per share 29
Income from continuing operations 3.29 3.71
Loss from discontinued operations (0.87) (0.05)
Net income 2.42 3.66