Siemens 2008 Annual Report Download - page 245

Notes to Consolidated Financial Statements 149
(in millions of €, except where otherwise stated and per share amounts)
The aggregate amount of costs incurred and recognized prots less recognized losses for construction contracts
in progress as of September 30, 2008 and 2007 amounted to €52,814 and €44,865, respectively. Advance pay-
ments received on construction contracts in progress were €8,902 and €6,159 as of September 30, 2008 and
2007. Revenue from construction contracts amounted to €23,694 and €20,465, respectively, for scal 2008 and
2007. Information concerning construction contracts does not include disposal groups.
See Note 4 for further information on Inventories reclassied to Assets held for disposal.
15 Other current assets
16 Goodwill
Goodwill has changed as follows:
September 30,
2008 2007
Other tax receivables 742 635
Prepaid expenses 322 345
Other 304 342
1,368 1,322
Year ended
September 30,
2008 2007
Cost
Balance at beginning of year 13,589 10,818
Translation differences and other (135) (726)
Acquisitions and purchase accounting adjustments 3,737 5,096
Adjustments from the subsequent recognition of deferred tax assets (3) (34)
Dispositions and reclassications to assets held for disposal (630) (1,565)
Balance at year-end 16,558 13,589
Accumulated impairment losses and other changes
Balance at beginning of year 1,088 1,129
Translation differences and other (16) (92)
Impairment losses recognized during the period 78 60
Dispositions and reclassications to assets held for disposal (596) (9)
Balance at year-end 554 1,088
Net book value
Balance at beginning of year 12,501 9,689
Balance at year-end 16,004 12,501