Siemens 2010 Annual Report Download - page 259

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

Increases and decreases in the discount rate, rate of compen-
sation increase and rate of pension progression which are used
in determining the DBO do not have a symmetrical effect on
NPBC primarily due to the compound interest effect created
when determining the net present value of the future pension
benefit. If more than one of the assumptions were changed
simultaneously, the cumulative impact would not necessarily
be the same as if only one assumption was changed in isola-
tion.
Pension benefits: Plan assets
The asset allocation of the plan assets of the principal pension
benefit plans as of the period-end date in fiscal  and ,
as well as the target asset allocation for fiscal year , are as
follows:
Target asset allocation Asset allocation
September ,  September ,  September , 
Asset class Total Domestic Foreign Total Domestic Foreign
Equity 20 – 50% 27% 27% 28% 27% 27% 29%
Fixed income 40 – 70% 62% 62% 61% 61% 62% 59%
Real estate 5 – 15% 7% 6% 9% 9% 8% 9%
Cash and other assets 0 – 15% 4% 5% 2% 3% 3% 3%
100% 100% 100% 100% 100% 100%
Derivatives are reported under the asset class whose risk is
hedged. Current asset allocation is composed of high quality
government and selected corporate bonds. Siemens constant-
ly reviews the asset allocation in light of the duration of its
pension liabilities and analyzes trends and events that may
affect asset values in order to initiate appropriate measures at
a very early stage.
The plan assets include own shares and debt instruments of
the Company with a fair value of € and € as of September
,  and . As of September ,  plan assets in-
cluded domestic real estate with a fair value of €, which is
occupied by the Company. This real estate was sold in fiscal
, see Note .
The following table shows the actual return on plan assets in
fiscal  and :
Year ended September , 
Total Domestic Foreign
Actual return on plan assets 2,284 1,400 884
Year ended September , 
Total Domestic Foreign
Actual return on plan assets 1,906 1,546 360
The actual return over the last twelve months amounted to
. percent or €, compared to an expected return of
. percent or €,. The experience adjustment arising on
plan assets was . percent in fiscal  (fiscal : . per-
cent; fiscal : (.) percent; fiscal : (.) percent; fiscal
: (.) percent). For the domestic pension plans, €, or
. percent was realized, as compared to an expected return
on plan assets of . percent or an amount of € that was
included in the NPBC. For the foreign pension plans, € or
. percent was realized, as compared to an expected return
on plan assets of . percent or an amount of € that was
included in the NPBC.