Siemens 2009 Annual Report Download - page 294

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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
In fiscal years 2009 and 2008, Corporate items and pensions in
the column Profit includes €(1,342) and €(3,966) related to cor-
porate items, as well as €(372) and €106 related to pensions,
respectively. Corporate items in fiscal 2009, comprise net ex-
penses of €(235), due to the SG&A restructuring program and
other ongoing personnel-related restructuring measures (see
Note 5.). In fiscal 2009, Corporate items also include fees
amounting to €(95) for outside advisors engaged by the Com-
pany in connection with investigations into alleged violations
of anti-corruption laws and related matters as well as remedia-
tion activities. Pensions in fiscal 2009 includes €(106) related
to our mandatory membership in the German pension insur-
ance association Pensionssicherungsverein (PSV). Increased
insurance costs are primarily caused by a large number of in-
solvencies of other PSV members.
In fiscal 2008, Corporate items include €1,081 expense due to
the SG&A restructuring program (see Note 5) as well as €1 bil-
lion in estimated fines in connection with settlement negotia-
tions of legal matters with authorities in Germany and the
U.S., €430 in fees for outside advisors engaged in connection
with investigations into alleged violations of anti-corruption
laws and related matters as well as remediation activities (see
Note 30), and €390 expense for establishing the Siemens
Foundation (see Note 7).
The following table reconciles Free cash flow, Additions to in-
tangible assets and property, plant and equipment and Amorti-
zation, depreciation and impairments as disclosed in Segment
Information to the corresponding consolidated amount for the
Company.
September, 
 
Assets of Sectors 24,958 26,093
Assets of Equity Investments 3,833 5,587
Assets of Cross-Sector Businesses 11,945 11,569
Total Segment Assets 40,736 43,249
Reconciliation:
Assets Other Operations (939) (1,468)
Assets SRE 4,489 3,489
Assets of Corporate items and pensions (7,049) (6,483)
Eliminations, Corporate Treasury and other
reconciling items of Segment Information:
Asset-based adjustments:
Intragroup financing receivables and
investments 28,083 27,441
Tax-related assets 2,870 2,734
Liability-based adjustments:
Pension plans and similar commitments 5,938 4,361
Liabilities 38,112 42,415
Assets classified as held for disposal and
associated liabilities – 17
Eliminations, Corporate Treasury, other items (17,314) (21,292)
Total Eliminations, Corporate Treasury
and other reconciling items of Segment
Information 57,689 55,676
Total Assets in Siemens’
Consolidated Balance Sheets 94,926 94,463
B27T096_E
Free cash flow
(I) = (II) – (III)
Year ended September 30,
Net cash provided
by (used in) operating
activities (II)
Year ended September 30,
Additions to intangible
assets and property,
plant and equipment (III)
Year ended September 30,
Amortization,
depreciation and
impairments
Year ended September 30,
2009 2008 2009 2008 2009 2008 2009 2008
Segment Information –
based on continuing operations 3,786 5,739 6,709 9,281 (2,923) (3,542) 2,839 3,015
Discontinued Operations (145) (836) (145) (657) – (179) – 90
Impairment – – – – – – (85) 108
Siemens Consolidated
Statements of Cash Flow 3,641 4,903 6,564 8,624 (2,923) (3,721) 2,924 3,213
 Goodwill impairment and impairment of non-current available-for-sale financial assets.
B27T097_E