Siemens 2006 Annual Report Download - page 100
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Contents
Information for shareholders
96
Management’s discussion and analysis
Business overview and economic environment 98
Basis of presentation 102
Fiscal 2006 – Results of Siemens 104
Segment information analysis 107
Operations 107
– Information and Communications 107
– Automation and Control 109
– Power 111
– Transportation 112
– Medical 113
– Lighting 113
– Other Operations 114
– Reconciliation to Financial Statements 114
Financing and Real Estate 115
Eliminations, reclassifications and Corporate Treasury 115
EVA performance 116
Dividend 119
Liquidity and capital resources 119
Cash flow 119
Capital resources and capital requirements 121
Overview financial position 128
Subsequent events 131
Critical accounting estimates 133
Non-financial performance measures 135
Risk management 136
Outlook 144