Siemens 2008 Annual Report Download - page 250

154 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
20 Other financial assets
Available-for-sale nancial assets include interests in other companies that are recorded at cost or at fair value
if reliably measurable. Derivative nancial instruments included in this item represent the non-current portion
of derivatives designated as hedging instruments, for which hedge accounting is applied. The increase in Loans
receivables primarily relates to long-term secured syndicated debt transactions of SFS.
21 Other current financial liabilities
As of September 30, 2007, Other includes €201 related to the penalty imposed by German authorities in ending
their investigation of past misconduct at the former segment Com.
22 Other current liabilities
Other employee related costs primarily includes vacation payments, accrued overtime and service anniversary
awards, severance payments, as well as the majority of liabilities related to the SG&A program (see Note 5).
September 30,
2008 2007
Receivables from nance leases (see Note 12) 3,486 3,112
Loans receivable 1,417 596
Available-for-sale nancial assets 551 742
Trade receivables from sale of goods and services 471 382
Derivative nancial instruments 404 185
Other 1,456 544
7,785 5,561
September 30,
2008 2007
Derivative nancial instruments (see Notes 31 and 32) 1,198 721
Accrued interest expense 191 147
Liabilities to joint ventures and associated and other companies 101 315
Other 937 1,370
2,427 2,553
September 30,
2008 2007
Billings in excess of costs and estimated earnings on uncompleted contracts and related advances 11,390 8,463
Other employee related costs 3,160 2,261
Payroll and social security taxes 2,048 1,956
Bonus obligations 1,132 1,073
Other tax liabilities 743 663
Deferred income 651 561
Other 2,520 2,081
21,644 17,058