Siemens 2008 Annual Report Download - page 253

Notes to Consolidated Financial Statements 157
(in millions of €, except where otherwise stated and per share amounts)
Details of the Company’s notes and bonds are as follows:
As of September 30, 2008, the aggregate amounts of indebtedness maturing during the next ve years and
thereafter are as follows (excluding nance leases which are disclosed separately):
Convertible notes
Since scal 2003, Siemens maintained approximately €2.5 billion of convertible notes through its wholly owned
Dutch subsidiary, Siemens Finance B.V., which were fully and unconditionally guaranteed by Siemens AG. The
convertible notes had a 1.375% coupon and were convertible into approximately 44.5 million shares of Siemens
AG at a conversion price of €56.1681 per share, which was subject to change under certain circumstances.
Due to the cash settlement option the conversion right component was considered a derivative instrument
recognized at fair value, which was reported in Other current nancial liabilities as of September 30, 2005. In
the third quarter of scal 2006, the Company irrevocably waived its option to pay a cash amount in lieu of the
delivery of shares upon exercise of the conversion right. Immediately before notication of such waiver, the
derivative component was remeasured for the last time through prot or loss and reclassied to Additional
paid-in capital (see Note 27).
September 30, 2008 September 30, 2007
Currency
(notional amount) €*
Currency
(notional amount) €*
6% 1998/2008 U.S.$ notes – – – USD 970 693
U.S.$ LIBOR+0.05% 2006/2009 U.S.$ notes USD 750 524 USD 750 529
5.75% 2001/2011 EUR bonds EUR 2,000 2,031 EUR 2,000 2,041
5.5% 2006/2012 U.S.$ notes USD 750 552 USD 750 540
U.S.$ LIBOR+0.15% 2006/2012 U.S.$ notes USD 500 349 USD 500 351
5.75% 2006/2016 U.S.$ notes USD 1,750 1,323 USD 1,750 1,259
5.625% 2006/2016 U.S.$ notes USD 500 374 USD 500 356
6.125% 2006/2026 U.S.$ notes USD 1,750 1,367 USD 1,750 1,251
5.25% 2006/2066 EUR bonds EUR 900 857 EUR 900 849
6.125% 2006/2066 GBP bonds GBP 750 928 GBP 750 1,020
ER3M 2008/2009 (Extendible) EUR 500 500 – – –
5.25% 2008/2011 EUR Medium Term Note EUR 1,550 1,555 – – –
5.375% 2008/2014 EUR Medium Term Note EUR 1,000 999 – – –
5.625% 2008/2018 EUR Medium Term Note EUR 1,600 1,607 – – –
12,966 8,889
* Includes adjustments for fair value hedge accounting.
Fiscal year
2009 1,768
2010 169
2011 2,069
2012 2,514
2013 1,190
Thereafter 8,136
15,846