Siemens 2010 Annual Report Download - page 233

147 Consolidated Financial Statements
148 Consolidated Statements of Income
149 Consolidated Statements of Comprehensive Income
150 Consolidated Statements of Financial Position
151 Consolidated Statements of Cash Flow
152 Consolidated Statements of Changes in Equity
154 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated
and per share amounts)
261 Additional information

sionally. Based on the provisional fair value assessment, ap-
proximately € was allocated to intangible assets subject to
amortization and approximately € was recorded as good-
will. Of the € intangible assets, € was allocated to pat-
ented and unpatented technology with weighted average
useful life of . years, € to order backlog with weighted
average useful life of  year and € to in-process research and
development and trademarks with weighted average useful
life of  years. The acquired Solel business contributed reve-
nues of € and a net loss of € (including purchase price
accounting effects and integration costs) to the group for the
period from acquisition to September , . If the acquisi-
tion had occurred on October , , impact on consolidated
revenues and consolidated loss for the  months ended Sep-
tember ,  would have been € and €, respectively.
In fiscal , Siemens additionally acquired various entities,
which were not material, either individually or in aggregate.
ab) Acquisitions in fiscal 
In fiscal , Siemens acquired various entities, which were
not material, either individually or in aggregate.
b) Dispositions and Discontinued Operations
ba) Dispositions not qualifying for discontinued
operations: closed transactions
Dispositions in fiscal 2010
At the end of December , Siemens sold its  percent mi-
nority stake in Dräger Medical AG & Co. KG to the majority
shareholder Drägerwerk AG & Co. KGaA. The investment was
accounted for using the equity method at the Healthcare Sec-
tor. The sale proceeds include a cash component, a vendor loan
component and an option component, which is dependent on
the share-price performance of the Drägerwerk AG & Co. KGaA.
Regarding the disposition of the Airfield Solutions Business of
the Industry Sector and the Roke Manor activities in the U.K.
see Note ; regarding the sale of UBS Real Estate Kapitalanla-
gegesellschaft mbH see Note .
Dispositions in fiscal 2009
The Siemens Wohnungsgesellschaft real estate transaction
closed in the third quarter of fiscal  – see Note  for fur-
ther information.
At the beginning of October , Siemens completed the
transfer of an . percent stake in Siemens Home and Office
Communication Devices GmbH & Co. KG (SHC), reported in
Centrally managed portfolio activities, to ARQUES Industries
AG. The transaction resulted in a preliminary net loss of €
(including an impairment loss of €) of which the majority
was recorded in fiscal .
At the beginning of November , Siemens signed an agree-
ment to sell its  percent stake of Fujitsu Siemens Computers
(Holding) BV (FSC), which was presented in the segment Eq-
uity Investments, to Fujitsu Limited. The transaction closed at
the beginning of April . The transaction resulted in a pre-
tax gain, net of related costs of €. The transaction gain is
included in Other operating income.
bb) Dispositions not qualifying for discontinued
operations: held for disposal
The Consolidated Statement of Financial Position as of Septem-
ber ,  and  include assets of € and € and lia-
bilities of € and €, respectively, classified as held for
disposal. Included as of September ,  are mainly
amounts relating to Electronics Assembly Systems (EA) in
Centrally managed portfolio activities and Areva NP S.A.S.,
held by the Energy Sector. For EA, closing is expected in the
second quarter of fiscal . In January , Siemens an-
nounced that it will terminate the Shareholders Agreement of
the joint venture Areva NP S.A.S., and sell its  percent inter-
est in Areva NP S.A.S. to the majority shareholder Areva S.A.
under the terms of a put agreement. The carrying amount of
the interest in Areva NP S.A.S. amounts to €. The required
approval of antitrust authorities has been obtained in October
. The Company expects to receive the expert opinion re-
garding the valuation of Areva NP S.A.S. within calendar year
, which is a necessary precondition to close this transac-
tion. The major classes of assets and liabilities classified as
asset held for sale are the carrying amount of our  percent
interest in Areva NP S.A.S. and the operating assets and liabili-
ties held by EA.
bc) Discontinued operations
Former segment Communications (Com) –
discontinued operations
The historical results of the former operating segment Com-
munications (Com), with the exception of certain business
activities which became part of Centrally managed portfolio
activities are reported as discontinued operations in the Com-
pany ’s Consolidated Statements of Income for all periods pre-
sented. The Com activities previously included the Mobile De-
vices (MD) business, which was sold in fiscal , the carrier-
related operations which were contributed to Nokia Siemens