Siemens 2009 Annual Report Download - page 236

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 Reports Supervisory Board /
Managing Board  Corporate Governance  Management’s discussion and analysis  Consolidated Financial Statements
 Consolidated Statements of Income  Consolidated Statements of Income
and Expense Recognized in Equity
 Consolidated Balance Sheets  Consolidated Statements of Cash Flow
The following table shows a reconciliation of minimum future
lease payments to the gross and net investment in leases and
to the present value of the minimum lease payments receiv-
able:
The gross investment in leases and the present value of mini-
mum lease payments receivable are due as follows:
Investments in finance leases primarily relate to equipment for
information technology and office machines, industrial ma-
chinery, medical equipment and transportation systems. Ac-
tual cash flows will vary from contractual maturities due to fu-
ture sales of finance receivables, prepayments and write-offs.
See Note 4 for further information on Trade and other receiv-
ables reclassified to Assets classified as held for disposal.
Receivables from finance leases are presented in the balance
sheet as follows:
The valuation allowance on the Company ’s current and long-
term receivables (see Notes 12 and 20), relating to finance
leases, changed as follows:
Minimum future lease payments to be received are as follows:
September ,
2009 2008
Receivables from finance leases,
current 1,738 1,674
Receivables from finance leases,
long-term portion 3,147 3,486
4,885 5,160
B27T023_E
Year ended September ,
2009 2008
Valuation allowance as of beginning
of fiscal year 100 90
Increase in valuation allowances recorded in
the income statement in the current period 148 56
Write-offs charged against the allowance (97) (58)
Recoveries of amounts previously
written-off 18 13
Foreign exchange translation differences (4) (1)
Valuation allowance as of
fiscal year-end 165 100
B27T024_E
September ,
 
2009 2,067
2010 2,084 1,482
2011 1,450 1,093
2012 978 627
2013 597 326
2014 280
After  in fiscal 
(after  in fiscal ) 173 210
Minimum future lease
payments to be received 5,562 5,805
B27T025_E
September ,
 
Minimum future lease payments 5,562 5,805
Plus: Unguaranteed residual values 170 190
Gross investment in leases 5,732 5,995
Less: Unearned finance income (682) (735)
Net investment in leases 5,050 5,260
Less: Allowance for doubtful
accounts (165) (100)
Less: Present value of unguaranteed
residual value (144) (151)
Present value of minimum
lease payments receivable 4,741 5,009
B27T026_E
September 30,
2009 2008
Gross investment in leases 5,732 5,995
Within 1 year 2,117 2,100
1 to 5 years 3,420 3,650
Thereafter 195 245
Present value of minimum
lease payments receivable 4,741 5,009
Within 1 year 1,707 1,722
1 to 5 years 2,881 3,095
Thereafter 153 192
B27T027_E