Siemens 2006 Annual Report Download - page 208

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Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
204
In fiscal 2006, the Company repurchased a total of 5,925 thousand shares at an average
price of €71.11 per share primarily for the purpose of selling them to employees and stock-
based compensation plan participants and as settlement to former SNI stockholders. In fiscal
2006, a total of 5,934 thousand shares of treasury stock were sold. Thereof, 4,166 thousand
shares were issued to stock-based compensation plan participants to accommodate the exer-
cise of stock options. In addition, in fiscal 2006, 1,760 thousand shares were issued to employ-
ees under a compensatory employee share purchase program. See Note 27 for additional infor-
mation on stock-based compensation. As of September 30, 2006, 415 shares of stock remained
in treasury with a carrying amount of €29 thousand (notional value €1 thousand).
In fiscal 2005, the Company repurchased a total of 3,549 thousand shares at an average
price of €61.78 per share to accommodate the Company’s stock-based compensation plans. In
fiscal 2005, 1,691 thousand shares were sold in conjunction with the exercise of stock options
and 1,849 thousand shares were issued to employees under a compensatory employee share
purchase program. As of September 30, 2005, 9,004 shares of stock remained in treasury with
a carrying amount of €575 thousand (notional value €27 thousand).
Accumulated other comprehensive income (loss)
The changes in the components of other comprehensive income are as follows:
Year ended September 30, 2006 Year ended September 30, 2005
Pretax Tax effect Net Pretax Tax effect Net
Changes in unrealized gains (losses) on securities:
Unrealized holding gains (losses) for the period 13 21 34 271 (108) 163
Reclassification adjustments for (gains) losses
included in net income (396) 144 (252) (265) 89 (176)
Net unrealized gains (losses) on
available-for-sale securities (383) 165 (218) 6 (19) (13)
Changes in unrealized gains (losses)
on derivative financial instruments:
Unrealized gains (losses) on derivative
financial instruments 67 (27) 40 (165) 64 (101)
Reclassification adjustments for (gains)
losses included in net income 28 (10) 18 (71) 28 (43)
Net unrealized gains (losses) on
derivative financial instruments 95 (37) 58 (236) 92 (144)
Minimum pension liability 1,466 (533) 933 (1,935) 690 (1,245)
Foreign-currency translation adjustment (330) – (330) 483 – 483
848 (405) 443 (1,682) 763 (919)