Siemens 2008 Annual Report Download - page 283

Notes to Consolidated Financial Statements 187
(in millions of €, except where otherwise stated and per share amounts)
Information required under IAS 37 Provisions, Contingent Liabilities and Contingent Assets is not disclosed for
certain legal proceedings, if the Company concludes that the disclosure can be expected to prejudice seriously
the outcome of the litigation.
Siemens AG and its subsidiaries have been named as defendants in various other legal actions and proceedings
arising in connection with their activities as a global diversied group. Some of these pending proceedings have
been previously disclosed. Some of the legal actions include claims for substantial compensatory or punitive
damages or claims for indeterminate amounts of damages. Siemens is from time to time also involved in regula-
tory investigations beyond those described above. Siemens is cooperating with the relevant authorities in sev-
eral jurisdictions and, where appropriate, conducts internal investigations regarding potential wrongdoing with
the assistance of in-house and external counsel. Given the number of legal actions and other proceedings to
which Siemens is subject, some may result in adverse decisions. Siemens contests actions and proceedings when
it considers it appropriate. In view of the inherent difculty of predicting the outcome of such matters, particu-
larly in cases in which claimants seek substantial or indeterminate damages, Siemens often cannot predict what
the eventual loss or range of loss related to such matters will be. Although the nal resolution of these matters
could have a material effect on Siemens’ consolidated operating results for any reporting period in which an
adverse decision is rendered, Siemens believes that its consolidated nancial position should not be materially
affected by these various other legal actions and proceedings.
31 Additional disclosures on financial instruments
This section gives a comprehensive overview of the signicance of nancial instruments for Siemens and pro-
vides additional information on balance sheet items that contain nancial instruments.
The following table presents the carrying amounts of each category of nancial assets and liabilities:
September 30,
2008 2007
Financial assets:
Loans and receivables 25,138 21,428
Cash and cash equivalents 6,893 4,005
Available-for-sale nancial assets 703 935
Derivatives with a hedging relationship 538 367
Financial assets held for trading 459 576
33,731 27,311
Financial liabilities:
Financial liabilities measured at amortized cost 26,337 25,926
Financial liabilities held for trading 1,004 657
Derivatives with a hedging relationship 401 260
27,742 26,843