Siemens 2008 Annual Report Download - page 237

Notes to Consolidated Financial Statements 141
(in millions of €, except where otherwise stated and per share amounts)
Gains on disposals of businesses in scal 2008 include a €131 gain from the sale of the Wireless Modules Busi-
ness and a €130 gain from the disposal of the Global Tungsten & Powders unit, both at the Industy Sector. Fiscal
2007, includes a gain on the sale of Siemens Dispolok GmbH (see Note 4 for further information).
7 Other operating expense
Other in scal 2008, comprises approximately €1 billion in estimated nes (see Note 25) in connection with
ongoing settlement negotiations of legal matters with authorities in Germany and the U.S. and €430 in fees for
outside advisors engaged in connection with investigations into alleged violations of anti-corruption laws and
related matters as well as remediation activities (see Note 30). Other in scal 2008 also includes €390 in connec-
tion with a not-for-prot foundation set up by Siemens in scal 2008. The foundation is aimed at sponsoring
science and research, art, educational, cultural, charitable, environmental and other social responsibility-related
purposes. Siemens contributed €390 in cash to the foundation in scal 2008. Of the €390, €300 is to remain in
the foundation and €90 shall be used to serve the foundations’ purposes.
Other in scal 2007, primarily includes expenses related to legal and regulatory matters. Included are €(440)
related to a ne imposed by the European Commission in connection with an antitrust investigation involving
suppliers of high-voltage gas-isolated switching systems in the power transmission and distribution industry
between 1988 and 2004 (see Note 30). The ne is not deductible for income tax purposes. In addition, Other in
scal 2007 includes €(152) for outside advisors engaged by the Company in connection with investigations into
alleged violations of anti-corruption laws and related matters as well as remediation activities (see Note 30).
Other in scal 2007 also includes €(81) primarily to fund job placement companies for former Siemens employ-
ees affected by the bankruptcy of BenQ Mobile GmbH & Co. OHG.
8 Income (loss) from investments accounted for using the equity method, net
Share of prot, net in scal 2008 and 2007, respectively, includes €(119) and €(429) from NSN (see also Note 4).
For further information on the Company’s principal investments accounted for under the equity method see
Note 19.
Year ended
September 30,
2008 2007
Losses on disposals of businesses (112) (48)
Impairment of goodwill (see Note 16) (78) (60)
Losses on sales of property, plant and equipment and intangibles (49) (86)
Other (1,989) (859)
(2,228) (1,053)
Year ended
September 30,
2008 2007
Share of prot, net 259 75
Gains (losses) on sales, net 1 35
Impairment – (2)
260 108