Siemens 2005 Annual Report Download - page 93

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93
Management’s discussion and analysis
Consolidated Financial Statements Notes to Consolidated Financial Statements
Siemens
Consists of the following three components which include the twelve operating Groups (eleven in fiscal
2006) and the two Groups in Financing and Real Estate
Operations
■Communications (Com)*
■Siemens Business Services (SBS)
■Automation and Drives (A&D)
■Industrial Solutions and Services (I&S)
■Logistics and Assembly Systems (L&A)**
■Siemens Building Technologies (SBT)
■Power Generation (PG)
■Power Transmission and Distribution (PTD)
■Transportation Systems (TS)
■Siemens VDO Automotive (SV)
■Medical Solutions (Med)
■Osram
Other Operations; Corporate items, pensions and eliminations
Financing and Real Estate
■Siemens Financial Services (SFS)
■Siemens Real Estate (SRE)
Eliminations,
reclassifications and
Corporate Treasury
* The Groups ICN and ICM were combined into one Group named
Communications (Com) as of October 1, 2004.
**L&A was dissolved as of October 1, 2005. As of this date, Postal
Automation and Airport Logistics were integrated into I&S and
Electronic Assembly Systems became part of A&D while the
Distribution and Industry Logistics division and Material Handling
Products were retroactively reported in Other Operations as of
September 30, 2005.