Siemens 2008 Annual Report Download - page 170

74 Management’s discussion and analysis
Reconciliation to EBITDA (continuing operations)
The following table gives additional information on topics included in Prot and Income
before income taxes and provides a reconciliation to EBITDA (adjusted):
For the scal years ended September 30, 2008 and 2007 (in millions of €)
Profit(1)
Income (loss)
from investments
accounted for
using the equity
method, net(2) Financial income
(expense), net(3) EBIT (adjusted)(4) Amortization(5)
Depreciation
and impairments
of property, plant
and equipment
and goodwill(6) EBITDA
(adjusted)
2008 2007 2008 2007 2008 2007 2008 2007 2008 2007 2008 2007 2008 2007
Sectors und Divisions
Industry Sector 3,861 3,521 15 22 – (12) 3,846 3,511 330 262 809 658 4,985 4,431
Industry Automation 1,606 1,102 1 (4) 3 (1) 1,602 1,107 162 83 113 94 1,877 1,284
Drive Technologies 1,193 913 1 4 3 – 1,189 909 47 46 145 129 1,381 1,084
Building Technologies 466 429 1 2 2 (3) 463 430 65 66 73 83 601 579
OSRAM 401 492 3 5 – 6 398 481 23 28 297 227 718 736
Industry Solutions 439 312 7 15 3 (4) 429 301 29 33 57 61 515 395
Mobility (230) 274 1 1 (10) (11) (221) 284 4 6 124 63 (93) 353
Energy Sector 1,434 1,818 41 17 7 10 1,386 1,791 78 94 267 247 1,731 2,132
Fossil Power Generation (89) 792 9 (6) 2 (5) (100) 803 20 30 100 90 20 923
Renewable Energy 242 134 5 4 – – 237 130 10 8 21 16 268 154
Oil & Gas 351 241 – – (1) 4 352 237 28 29 57 56 437 322
Power Transmission 565 371 25 17 9 6 531 348 10 12 54 55 595 415
Power Distribution 369 279 2 1 (1) 5 368 273 11 14 33 27 412 314
Healthcare Sector 1,225 1,323 27 60 26 34 1,172 1,229 309 217 331 221 1,812 1,667
Imaging & IT 899 1,052 6 4 2 8 891 1,040 143 137 82 93 1,116 1,270
Workow & Solutions 66 163 2 1 4 9 60 153 5 6 21 19 86 178
Diagnostics 248 95 6 7 9 12 233 76 161 74 218 104 612 254
Total Sectors 6,520 6,662 83 99 33 32 6,404 6,531 717 573 1,407 1,126 8,528 8,230
Equity Investments 95 (96) 101 (96) (6) – – – – – – – – –
Cross-Sector Businesses
Siemens IT Solutions and Services 144 252 25 10 9 (1) 110 243 50 59 174 223 334 525
Siemens Financial Services (SFS) 286 329 57 59 182 256 47 14 3 5 282 272 332 291
Reconciliation to Consolidated Financial Statements
Other Operations (367) (232) 1 7 10 (23) (378) (216) 57 50 212 128 (109) (38)
Siemens Real Estate (SRE) 356 228 – 10 (51) (98) 407 316 1 1 160 160 568 477
Corporate items and pensions (3,853) (1,684) (7) 19 186 165 (4,032) (1,868) 68 120 29 31 (3,935) (1,717)
Eliminations, Corporate Treasury and other reconciling items (307) (358) – – (241) (339) (66) (19) – – (67) (63) (133) (82)
Siemens 2,874 5,101 260 108 122 (8) 2,492 5,001 896 808 2,197 1,877 5,585 7,686
(1) Prot of the Sectors and Divisions as well as of Equity Investments, Siemens IT Solutions and Services and Other Operations is earnings before nancing interest, certain
pension costs and income taxes, whereas certain other items not considered performance indicative by Management may be excluded. Prot of SFS and SRE is Income
before income taxes.
(2) Includes impairment of investments accounted for using the equity method.
(3) Includes impairment of non-current available-for-sale nancial assets.