Siemens 2005 Annual Report Download - page 206
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206
The average number of employees in fiscal year 2005 and 2004 was 439,400 and 412,400,
respectively (based on continuing operations). Part-time employees are included on a propor-
tionate basis rather than being counted as full units. The employees were engaged in the follow-
ing activities:
29 Earnings per share
In June 2003, the Company issued €2.5 billion of convertible notes (see Note 20). The dilutive
effect of potential common shares has been incorporated in determining diluted earnings per
share.
Management’s discussion and analysis
Year ended
September 30,
2005 2004
Manufacturing and Services 243,100 226,200
Sales and marketing 110,300 104,600
Research and development 45,700 43,500
Administration and general services 40,300 38,100
439,400 412,400
Year ended
September 30,
(shares in thousands) 2005 2004
Income from continuing operations 3,058 3,450
Plus: interest on dilutive convertible debt securities 21 21
Income from continuing operations plus effect of assumed conversion 3,079 3,471
Weighted average shares outstanding–basic 890,732 890,705
Effect of dilutive convertible debt securities and stock options 45,798 45,510
Weighted average shares outstanding–diluted 936,530 936,215
Basic earnings per share 3.43 3.87
Diluted earnings per share 3.29 3.71