Siemens 2006 Annual Report Download - page 175

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Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts) 171
5 Income (loss) from investments in other companies, net
Gains on sales of investments, in fiscal 2006, includes a pre-tax gain of €84 related to the
sale of the Company’s interest in SMS Demag AG.
6 Income from financial assets and marketable securities, net
In fiscal 2006, Gains on sales of available-for-sale securities, net, includes gains of €356,
€15 and €33, respectively, on the sales of the Company’s remaining interests in Juniper Net-
works, Inc. (Juniper), Epcos AG and Infineon Technologies AG (Infineon), respectively. In fiscal
2005, Gains on sales of available-for-sale securities, net, includes a gain on the sale of shares
in Juniper Networks, Inc. (Juniper) of €208. For further information, see Note 9.
In fiscal 2006 and 2005, Other financial gains (losses), net includes impairments of certain
marketable securities totaling €20 and €4, respectively, where the decline in value was deter-
mined to be other than temporary.
Notes to Consolidated Financial Statements
Year ended
September 30,
2006 2005
Share in earnings (losses) from equity investees, net 449 499
Write-downs on investments (85) (85)
Income from investments 78 95
Gains on sales of investments 198 58
Loss on sales of investments (10) (9)
Other 17 26
647 584
Year ended
September 30,
2006 2005
Gains on sales of available-for-sale securities, net 402 243
Other financial gains (losses), net (65) 54
337 297