Siemens 2010 Annual Report Download - page 209

113 Report on post-balance sheet date events
114 Report on expected developments and associated
material opportunities and risks
128 Information required pursuant to § () and
§ () HGB and explanatory report
133 Information required pursuant to § () and
§ () no.  HGB and explanatory report
135 Compensation and declaration pursuant to §a HGB
135 Additional information for supplemental
financial measures
138 Siemens AG (Discussion on basis of HGB)
147 Consolidated Financial Statements
261 Additional information

ing financial liabilities of the group issued via foreign subsid-
iaries of Siemens AG, and to optimize net interest income / ex-
pense or specific interest rate benchmarks as part of interest
rate risk management.
To a lesser extent, derivative financial instruments are also
used within Siemens AG to hedge commodity price risk arising
in connection with procurement transactions. The instruments
used for commodity hedging include futures and options.
EMPLOYEES
The number of employees as of the balance sheet date was
,. A year earlier, employees numbered to ,. The
increase was mainly the result of the transfer of employees
from the Industry Sector to Siemens AG as part of the mergers
referred to above.
Our employees are key to the success of Siemens AG and the
Siemens group. It is therefore our objective on a global basis to
recruit, develop, and retain the best and most capable employ-
ees. Our long-term human resources policy focuses on the di-
versity of our employees, on learning and professional devel-
opment, on the promotion of a high-performance culture, on
health and safety, and on healthcare management. Fair-mind-
ed cooperation between management, employees, and em-
ployee representatives plays a central role in how we manage
our business.
Employee – Key Performance Indicators
Year ended
September ,
 
Employee fluctuation rate  4.0% 4.4%
Proportion of women
(percentage of employees
in management positions) 10.0% 10.0%
Expenses for continuing education
(in millions of €)  90 89
Expenses per employee for continuing
education (in €)  882 930
1 Employee fluctuation rate is defined as the ratio of voluntary and involuntary exits from
Siemens during the fiscal year to the total number of employees.
2 Without travel expenses.
For further information refer to “Business and operating envi-
ronment – Sustainability – Employees”.
RESEARCH AND DEVELOPMENT
In fiscal , Siemens AG maintained research and develop-
ment (R&D) expenditure almost at the level as of fiscal ,
total expenses being €, million compared to €, million
in fiscal . As a result of the strong increase in revenue, the
R&D ratio (R&D expenses as a percentage of revenue) declined
to % from % in fiscal . On an average basis, we em-
ployed , people in R&D in fiscal  compared to ,
in fiscal .
Most of the R&D expenditure was concentrated in the Industry,
Energy, and Healthcare Sectors. The Industry Sector invested
€, million with an R&D ratio of %, compared to €, mil-
lion and %, respectively, in fiscal . The Energy Sector
invested € million with an R&D ratio of %, compared to
€ million and %, respectively, in fiscal . The Health-
care Sector invested € million with an R&D ratio of %,
nearly unchanged from € million and % in fiscal .
Our central research department (Corporate Technology) and
Siemens IT Solutions and Services also account for R&D ex-
penses. In the year under review, Siemens AG was again in-
volved in numerous collaborative projects with universities,
research institutes, and partners in industry, as well as in pub-
licly funded programs such as those of the European Union
and the German Federal Ministry of Education and Research.
More information can be found in “Business and operating
environment – Value Chain – Research and Development.” The
Employees of Siemens AG by segments
as of September 30, 2010 (in thousands)
Others: 7 (7%)
Industry Sector:
52 (50%)
Energy Sector:
26 (25%)
Healthcare Sector:
9 (9%)
Siemens IT
Solutions and
Services: 8 (7%)
Siemens Real
Estate: 2 (2%)
