Siemens 2007 Annual Report Download - page 267

Notes to Consolidated Financial Statements 267
(in millions of €, except where otherwise stated and per share amounts)
Notes to Consolidated Financial Statements
Other post-employment benefi ts: Benefi t payments
The following overview comprises benefi t payments for other post-employment
benefi ts paid out of the principal other defi ned benefi t post-employment plans
during the years ended September 30, 2007 and 2006, and expected pension pay-
ments for the next fi ve years and in the aggregate for the fi ve years thereafter
(undiscounted):
Since the benefi t obligations for other post-employment benefi ts are generally
not funded, such payments will impact the current operating cash fl ow of the
Company.
Defi ned Contribution Plans and State Plans
The amount recognized as an expense for defi ned contribution plans amounted to
€269 in fi scal 2007, and €208 in fi scal 2006, respectively. Contributions to state
plans amounted to €1,178 in fi scal 2007, and €1,074 in fi scal 2006, respectively.
24 Provisions
Provisions changed during fi scal 2007 as follows:
Except for asset retirement obligations (see discussion below), the majority of
the Company’s provisions are generally expected to result in cash outfl ows during
the next 1 to 15 years.
Total Domestic Foreign
Payments for other post-employment benefi ts
2006 67 29 38
2007 69 32 37
Expected payments for other post-employment benefi ts
2008 54 25 29
2009 67 37 30
2010 58 28 30
2011 57 26 31
2012 63 31 32
2013 – 2017 333 169 164
Warranties
Order
related
losses
and risks
Asset re-
tirement
obliga-
tions Other Total
Balance as of beginning of fi scal year 2,628 1,338 704 1,047 5,717
Additions 1,470 1,002 15 962 3,449
Usage (888) (710) (23) (436) (2,057)
Reversals (642) (355) (7) (322) (1,326)
Translation differences (56) (20) (2) (4) (82)
Accretion expense and effect
of changes in discount rates 3 3 (52) 1 (45)
Other changes* (75) 38 – 65 28
Balance as of fi scal year-end 2,440 1,296 635 1,313 5,684
* In fi scal 2007, Other changes includes €330 reclassifi ed to Liabilities associated with assets classifi ed as held
for disposal (see Note 4 for further information).