Siemens 2007 Annual Report Download - page 247

Notes to Consolidated Financial Statements 247
(in millions of €, except where otherwise stated and per share amounts)
Notes to Consolidated Financial Statements
Depreciation and impairment expense for the years ended September 30, 2007
and 2006 includes €313 and €532, respectively, reported in Income (loss) from
discontinued operations, net of income taxes.
As of September 30, 2007, contractual commitments for purchases of property,
plant and equipment amount to €467.
Investment property
Investment property consists of all property held to earn rentals or for capital
appreciation or both and not used in production or for administrative purposes.
The carrying amount of investment property amounts to €209 and €129 com-
pared to a fair value of €365 and €247 as of September 30, 2007 and 2006, respec-
tively. The fair value is primarily based on a discounted cash fl ow approach and in
rare cases on appraisal values.
18 Investments accounted for using the equity method
As of September 30, 2007 NSN (see Notes 4 and 36 for further information), BSH
Bosch und Siemens Hausgeräte GmbH (BSH), Fujitsu Siemens Computers (Hold-
ing) BV (FSC) and AREVA NP S.A.S., France (Areva), which are all unlisted, were
the principal investments accounted for using the equity method. Summarized
fi nancial information for these principal investments accounted for using the
equity method, not adjusted for the percentage of ownership held by Siemens is
presented below:
For further information see also Note 7.
Year ended
September 30,
2007 2006
Revenue** 25,526 17,570
Net income (loss)** (560) 393
September 30,
2007 2006
Total assets* 29,809 11,596
Total liabilities* 20,315 8,813
* Balance sheet information for BSH and Areva as of June 30, for NSN and FSC as of September 30.
** Income statement information for NSN for the six months ended September 30, 2007 (see also Note 4 and 36),
for BSH and Areva for the twelve months ended June 30 and for FSC for the twelve months ended September 30.