Siemens 2007 Annual Report Download - page 229

Notes to Consolidated Financial Statements 229
(in millions of €, except where otherwise stated and per share amounts)
Notes to Consolidated Financial Statements
The net results of SV reported in the Consolidated Statements of Income con-
sist of the following components:
In 2007 income taxes include the effect of taxable reorganizations prior to the
sale of the SV activities.
cb) Former operating segment Communications (Com)
The historical results of the former operating segment Com, with the exception of
certain business activities which are now part of Other Operations and A&D (see
Note 36 for further information), are reported as discontinued operations in the
Company’s Consolidated Statements of Income for all periods presented. The Com
activities previously included the Mobile Devices (MD) business, which was sold in
fi scal 2005, and the carrier-related operations which were contributed to NSN in
April 2007. The Company is actively pursuing its plan to dispose of the enterprise
networks business, which was also previously included in Com, and expects to
fi nalize the disposal in the fi rst half of the next calendar year.
The assets and liabilities of the above transactions were classifi ed on the
balance sheet as held for disposal and measured at the lower of their carrying
amount and fair value less costs to sell. As of September 30, 2007, the assets and
liabilities classifi ed as held for disposal include the assets and liabilities of the
enterprise networks business (and also certain amounts relating to the carrier-
related operations). As of September 30, 2006, the assets and liabilities classifi ed
as held for disposal include the enterprise networks business and the carrier-
related operations.
Year ended
September 30,
2007 2006
Revenue 10,324 10,017
Costs and expenses (9,744) (9,449)
Income (loss) from discontinued operations
before income taxes 580 568
Income taxes (1,130) (158)
Income (loss) from discontinued operations,
net of income taxes (550) 410