Siemens 2006 Annual Report Download - page 221
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Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts) 217
28 Personnel costs
The average number of employees in fiscal year 2006 and 2005 was 472,500 and 439,400,
respectively (based on continuing operations). Part-time employees are included on a pro-
portionate basis rather than being counted as full units. The employees were engaged in the
following activities:
29 Earnings per share
In June 2003, the Company issued €2.5 billion of convertible notes (see Note 20). The dilu-
tive effect of potential common shares has been incorporated in determining diluted earnings
per share.
Notes to Consolidated Financial Statements
Year ended
September 30,
2006 2005
Wages and salaries 23,656 21,680
Statutory social welfare contributions and expenses
for optional support payments 3,942 3,576
Expenses relating to pension plans and employee benefits 1,798 1,390
29,396 26,646
Year ended
September 30,
(in thousands) 2006 2005
Manufacturing and services 275.3 243.1
Sales and marketing 110.0 110.3
Research and development 47.2 45.7
Administration and general services 40.0 40.3
472.5 439.4
Year ended
September 30,
(shares in thousands) 2006 2005
Income from continuing operations 3,087 3,058
Plus: interest on dilutive convertible debt securities 21 21
Income from continuing operations plus effect of assumed conversion 3,108 3,079
Weighted average shares outstanding – basic 890,850 890,732
Effect of dilutive convertible debt securities and stock-based compensation 46,770 45,798
Weighted average shares outstanding – diluted 937,620 936,530
Basic earnings per share (from continuing operations) 3.47 3.43
Diluted earnings per share (from continuing operations) 3.31 3.29