Siemens 2009 Annual Report Download - page 132

44
 Reports Supervisory Board /
Managing Board  Corporate Governance  Management’s discussion and analysis  Consolidated Financial Statements
44 Business and operating environment 63 Fiscal 2009 – Financial summary 66 Results of operations 84 Financial position
Business and operating environment
THE SIEMENS GROUP –
ORGANIZATION AND BASIS OF PRESENTATION
We are a globally operating, integrated technology company
with core activities in the fields of industry, energy and health-
care, and we occupy leading market positions worldwide in the
majority of our businesses. We can look back on a successful
history spanning more than 160 years, with groundbreaking
and revolutionary innovations such as the invention of the dy-
namo, the first commercial light bulb, the first electric street-
car, the construction of the first public power plant, and the
first images of the inside of the human body. We have more
than 400,000 employees and business activities in around 190
countries, and reported consolidated revenue of €76.651 bil-
lion in fiscal 2009. Our production capacity is distributed
across more than 230 production and manufacturing facilities
worldwide. In addition, we have office buildings, warehouses,
research and development facilities and sales offices in almost
every country in the world.
Siemens comprises Siemens AG as the parent company and a
total of approximately 1,300 legal entities, including minority
investments. Our Company is incorporated in Germany, with
our corporate headquarters situated in Munich. Siemens oper-
ates under the leadership of its Managing Board, which com-
prises the Chief Executive Officer (CEO) and Chief Financial
Officer (CFO) of Siemens as well as the heads of selected cor-
porate functions and the CEOs of the three Sectors. A clear
management principle, the so-called CEO principle, has been
put into practice at all levels of our operations – in our Sectors,
Divisions and Business Units as well as our regional Clusters.
This principle establishes clear, direct lines of responsibility
and consequently accelerates our decision-making processes.
Our business activities focus on our three Sectors, Industry,
Energy and Healthcare, which form three of our reportable
segments. In addition to our three Sectors, we have three ad-
ditional reportable segments: Equity Investments and our two
Cross-Sector Businesses Siemens IT Solutions and Services
and Siemens Financial Services (SFS).
Management’s discussion and analysis
Basis of Presentation as of September 30, 2009
Reportable Segments
Reconciliation to Consolidated Financial Statements
Corporate Items
and Pensions
Industry Automation
Drive Technologies
Building Technologies
OSRAM
Industry Solutions
Mobility
Fossil Power Generation
Renewable Energy
Oil & Gas
Power Transmission
Power Distribution
Imaging & IT
Workfl ow & Solutions
Diagnostics
Other Operations
Eliminations,
Corporate Treasury and
other reconciling items
Siemens Real Estate
Cross-Sector BusinessesHealthcare SectorIndustry Sector Equity Investments
Siemens IT Solutions
and Services
Siemens Financial
Services
Energy Sector
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