Siemens 2006 Annual Report Download - page 160

Notes to Consolidated Financial Statements
156
Segment Information (continuing operations)
As of and for the fiscal years ended September 30, 2006 and 2005 (in millions of €)
(1) Group profit of the Operations Groups is earnings before financing interest, certain
pension costs and income taxes.
(2) Net capital employed of the Operations Groups represents total assets less tax
assets, certain accruals and non-interest bearing liabilities other than tax liabilities.
(3) Intangible assets, property, plant and equipment, acquisitions, and investments.
(4) Includes amortization and impairments of intangible assets, depreciation of property,
plant and equipment, and write-downs of investments.
(5) Com’s division Siemens Home and Office Communication Devices was reclassified
to Other Operations in fiscal 2006. Prior year information was reclassified for com-
parability purposes.
(6) The divisions of the dissolved L&A Group were allocated as follows for all periods
presented: Electronic Assembly Systems were reclassified to A&D, Postal
Automation and Airport Logistics were reclassified to I&S and Distribution and
Industry Logistics as well as Material Handling Products were reclassified to
Other Operations.
(7) Other Operations primarily refer to certain centrally-held equity investments and
other operating activities not associated with a Group.
(8) Includes (for Eliminations within Financing and Real Estate consists of) cash
paid for income taxes according to the allocation of income taxes to Operations,
Financing and Real Estate, and Eliminations, reclassifications and Corporate
Treasury in the Consolidated Statements of Income.
Eliminations, reclassifications
and Corporate Treasury (1,805) (1,621) – – (1,858) (1,677) (1,858) (1,677)
Siemens 96,259 83,791 87,325 75,445 – – 87,325 75,445
New orders Intersegment
(unaudited) External sales sales Total sales
2006 2005 2006 2005 2006 2005 2006 2005
Operations Groups
Communications (Com)(5) 13,571 12,869 12,752 11,901 328 300 13,080 12,201
Siemens Business Services (SBS) 5,014 6,531 3,667 3,964 1,490 1,409 5,157 5,373
Automation and Drives (A&D)(6) 14,108 10,674 11,285 9,018 1,563 1,348 12,848 10,366
Industrial Solutions and Services (I&S)(6) 9,025 7,189 7,752 5,255 1,067 1,052 8,819 6,307
Siemens Building Technologies (SBT) 5,235 4,518 4,670 4,301 126 114 4,796 4,415
Power Generation (PG) 12,532 10,964 10,068 8,042 18 19 10,086 8,061
Power Transmission and Distribution (PTD) 8,028 5,283 6,025 3,930 484 320 6,509 4,250
Transportation Systems (TS) 6,173 4,599 4,434 4,146 68 44 4,502 4,190
Siemens VDO Automotive (SV) 10,014 9,787 10,003 9,591 14 19 10,017 9,610
Medical Solutions (Med) 9,334 8,641 8,163 7,577 64 49 8,227 7,626
Osram 4,563 4,300 4,487 4,222 76 78 4,563 4,300
Other Operations(5)(6)(7) 4,964 4,325 3,129 2,692 1,699 1,528 4,828 4,220
Total Operations Groups 102,561 89,680 86,435 74,639 6,997 6,280 93,432 80,919
Reconciliation to financial statements
Corporate items, pensions and eliminations (6,837) (6,421) 87 77 (6,676) (6,027) (6,589) (5,950)
Other interest expense – – – – – – – –
Other assets related and miscellaneous
reconciling items – – – – – – – –
Total Operations (for columns Group
profit/Net capital employed, i.e. Income
before income taxes/Total assets) 95,724 83,259 86,522 74,716 321 253 86,843 74,969
Financing and Real Estate Groups
Siemens Financial Services (SFS) 645 542 548 464 97 78 645 542
Siemens Real Estate (SRE) 1,705 1,621 255 265 1,450 1,356 1,705 1,621
Eliminations (10) (10) – – (10) (10) (10) (10)
Total Financing and Real Estate 2,340 2,153 803 729 1,537 1,424 2,340 2,153