Siemens 2008 Annual Report Download - page 246

150 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
Commencing with the third quarter of scal 2008, the Company adjusted its reporting format to its rearranged
organization. The previous twelve segments were consolidated and newly structured into six remaining report-
able segments (for further information see Note 37). New cash generating units have been identied. The good-
will impairment test is primarily performed at the division level. Goodwill has been allocated based on expected
synergies derived from the business combination in which the goodwill arose.
In scal 2008, acquisitions and purchase accounting adjustments relate primarily to Healthcare’s acquisition
of Dade Behring (see Note 4). The purchase accounting adjustments in the Industry Sector amounting to €103
relate to the UGS transaction (see Note 4). Impairment of goodwill of €(70) relates to the buildings and infra-
structure activities of VA Technologie AG, which was presented in Other Operations.
In scal 2007, SV goodwill of €(1,518) was reclassied to Assets classied as held for disposal (see Note 4). Acqui-
sitions and purchase accounting adjustments related primarily to Healthcare’s acquisition of the diagnostics
division of Bayer and Industry’s acquisition of UGS, as well as to a Energy Sector acquisition. For further infor-
mation on acquisitions, dispositions and discontinued operations see Note 4. Impairment of goodwill in scal
2007 includes €(52) related to a cash-generating unit made up principally of regional payphone activities, which
is part of Other Operations.
Net book
value as
of
10/1/2007
Translation
differences
and other
Acquisitions
and purchase
accounting
adjustments*
Dispositions
and reclassi-
cations to
assets held
for disposal
Impair-
ments
Net book
value as
of
9/30/2008
Sectors
Industry 4,739 (48) 233 (17) – 4,907
Energy 2,210 (55) 85 – – 2,240
Healthcare 5,197 7 3,413 – – 8,617
Cross-Sector Businesses
Siemens IT Solutions and Services 129 (9) 3 – – 123
Siemens Financial Services (SFS) 126 (15) – – – 111
Other Operations 100 1 – (17) (78) 6
Siemens 12,501 (119) 3,734 (34) (78) 16,004
* Includes adjustments from the subsequent recognition of deferred tax assets.
Net book
value as
of
10/1/2006
Translation
differences
and other
Acquisitions
and purchase
accounting
adjustments*
Dispositions
and reclassi-
cations to
assets held
for disposal
Impair-
ments
Net book
value as
of
9/30/2007
Sectors
Industry 2,869 (169) 2,050 (11) – 4,739
Energy 2,081 (64) 203 (10) – 2,210
Healthcare 2,793 (396) 2,800 – – 5,197
Cross-Sector Businesses
Siemens IT Solutions and Services 127 (1) 3 – – 129
Siemens Financial Services (SFS) 130 (4) – – – 126
Other Operations 159 1 – – (60) 100
Siemens VDO Automotive (SV) 1,530 (1) 6 (1,535) – –
Siemens 9,689 (634) 5,062 (1,556) (60) 12,501
* Includes adjustments from the subsequent recognition of deferred tax assets.