Siemens 2009 Annual Report Download - page 133

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 Managing Board statements, Independent auditors’ report, Additional information
95 Net assets position 97 Report on post-balance sheet date events
98 Risk report
108 Information required pursuant to
§315 (4) HGB of the German Commercial
Code and explanatory report
114 Compensation report
114 Report on expected developments
are relatively independent of short-term economic conditions.
The Energy Sector has around 85,000 employees and reported
external revenue of €25.405 billion for fiscal 2009. Thereof,
58% was attributable to Europe, C.I.S., Africa, Middle East, 26%
to the Americas, and 16% to Asia, Australia. The United States
(U.S.) was the largest single national market for Energy in fis-
cal 2009, accounting for 16% of external revenue for the Sector.
Our Healthcare Sector offers customers a comprehensive
portfolio of medical solutions across the value-added chain –
ranging from medical imaging to in-vitro diagnostics to inter-
ventional systems and clinical information technology sys-
tems – all from a single source. In addition, the Sector provides
technical maintenance, professional and consulting services,
and, together with SFS, financing to assist customers in pur-
chasing the Sector’s products. Our Healthcare Sector is com-
posed of the three Divisions, Imaging & IT, Workflow & Solu-
tions and Diagnostics. The Sector’s business activities are rela-
tively unaffected by short-term economic trends but are
dependent on regulatory and policy developments around the
world, particularly including ongoing healthcare reform ef-
forts in the U.S. The Healthcare Sector currently has around
48,000 employees, and in fiscal 2009 reported external reve-
nues of €11.864 billion. Of this figure, 40% was attributable to
the region comprising Europe, C.I.S., Africa and the Middle
East, 43% to the Americas, and 17% to Asia, Australia. By far the
largest single national market for Healthcare is the U.S., with
38% of external revenue for the Sector during fiscal 2009.
In general, Equity Investments comprises equity stakes held
by Siemens that are accounted for by the equity method, at
cost or as current available-for-sale financial assets and which
are not allocated to a Sector, a Cross-Sector Business, Siemens
Real Estate (SRE), Pensions or Corporate Treasury for strategic
reasons. Major components of Equity Investments include our
50% stakes in Nokia Siemens Networks B.V. (NSN) and BSH
Bosch und Siemens Hausgeräte GmbH (BSH), our 49% stake in
Enterprise Networks Holdings B.V. (EN), and our 49% stake in
Krauss-Maffei Wegmann GmbH & Co. KG (KMW).
Our Industry Sector offers a complete spectrum of products,
services and solutions for the efficient use of resources and
energy and improvements of productivity in industry and in-
frastructure. Its integrated technologies and holistic solutions
address primarily industrial customers, such as process and
manufacturing industries, and infrastructure customers, espe-
cially in the areas of transport, buildings and utilities. The
portfolio spans industry automation and drives products and
services, building, lighting and mobility solutions and ser-
vices, and system integration and solutions for plant busi-
nesses. Our Industry Sector comprises the six Divisions, Indus-
try Automation, Drive Technologies, Building Technologies,
OSRAM, Industry Solutions and Mobility. Many of the business
activities of Industry Automation, Drive Technologies and
OSRAM are characterized by relatively short business cycles
and as such are influenced by prevailing economic conditions.
In contrast, the longer-cycle business activities of the Mobility
Division are less strongly affected by short-term trends. The
Industry Sector currently has around 207,000 employees, and
in fiscal 2009 reported external revenue of €33.915 billion. Of
this figure, 57% was attributable to the region comprising
Europe, the Commonwealth of Independent States (C.I.S.),
Africa and the Middle East, 24% to the Americas, and 19% to
Asia, Australia. The largest single national market for the
Industry Sector is Germany, with 20% of external revenue for
the Sector during fiscal 2009.
Our Energy Sector offers a wide spectrum of products, ser-
vices and solutions for the generation, transmission and distri-
bution of power, and the extraction, conversion and transport
of oil and gas. It primarily addresses the needs of energy pro-
viders, but also serves industrial companies, particularly in the
oil and gas industry. Our Energy Sector is made up of the six
Divisions, Fossil Power Generation, Renewable Energy,
Oil & Gas,
Energy Service, Power Transmission and Power Dis-
tribution. Financial results relating to the Energy Service Divi-
sion are reported in the Divisions Fossil Power Generation and
Oil & Gas. Many of the business activities of our Energy Sector
are characterized by relatively long-term projects and as such