Siemens 2010 Annual Report Download - page 252

6 To our shareholders 21 Corporate Governance 49 Combined management’s discussion and analysis

September ,
Fiscal year  
2010 – 653
2011 2,368 2,243
2012 2,660 2,595
2013 3,266 3,200
2014 1,108 1,112
2015 689 –
After  in fiscal 
(after  in fiscal ) 9,651 9,641
19,742 19,444
Other financial indebtedness
Other financial indebtedness includes € and € as of
September ,  and , respectively, for the Company ’s
real estate assets that were sold or transferred and in which
Siemens has retained significant risks and rewards of owner-
ship, including circumstances in which Siemens participates
directly or indirectly in the change in market value of the prop-
erty. Therefore, these transactions have been accounted for as
financing obligations. These real estate properties are carried
on the Company ’s Consolidated Statements of Financial Posi-
tion and no sale and profit has been recognized. For the fiscal
 real estate transaction see Note . As of September ,
 and , Other financial indebtedness also includes
€– and €, respectively, of U.S.$ outstanding global com-
mercial paper.
Obligations under finance leases
As of September ,  and , the finance lease liabilities
are as follows:
September ,  September , 
Minimum
future
lease
payment
obligation
Un-
amortized
interest
expense
Present
value of
minimum
future lease
payment
obligation
Minimum
future
lease
payment
obligation
Un-
amortized
interest
expense
Present
value of
minimum
future lease
payment
obligation
Due
Within  year 57 8 49 54 9 45
 to  years 21 3 18 47 5 42
 to  years 26 2 24 15 2 13
 to  years 7 2 5 19 2 17
 to  years 8 3 5 7 2 5
Thereafter 73 3 70 77 5 72
Total 192 21 171 219 25 194
Less: Current portion (49) (45)
122 149