Siemens 2010 Annual Report Download - page 267

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

Authorized capital (not issued)
The Company ’s shareholders authorized the Managing Board,
with the approval of the Supervisory Board, to increase capital
stock through the issuance of no par value shares registered in
the names of the holders and to determine the further content
of the rights embodied in the shares and the terms and condi-
tions of the share issue as follows:
a) Authorized Capital  by up to €. through the issu-
ance of up to . million shares for contributions in cash
and / or in kind (Authorized Capital ). The authorization
was granted on January ,  and expires on January ,
. It replaced Authorized Capital  – see c).
b) Authorized Capital  by up to € through issuing up to
 million shares for contributions in cash. The authoriza-
tion was granted on January ,  and expires on Janu-
ary , . As of September ,  and , €. rep-
resenting . million shares are still available for issuance.
c) Authorized Capital  expired on January , . It
granted the right to increase capital stock by up to €
through issuing up to  million shares for contributions
in cash and / or in kind.
Regarding Authorized Capital  and , with the ap-
proval of the Supervisory Board, the Managing Board can ex-
clude shareholders’ pre-emptive rights for capital increases in
the form of contributions in kind and in certain pre-stipulated
circumstances for contributions in cash.
In accordance with Authorized Capital  and Authorized
Capital , new shares can be issued solely to employees of
Siemens AG and its subsidiaries (provided these subsidiaries
are not listed companies themselves and do not have their own
employee stock schemes). Pre-emptive rights of existing share-
holders are excluded.
Conditional capital (not issued)
Conditional Capital is provided for the purpose of a) serving
the issuance of bonds with conversion rights and (or) with
warrants, b) accommodating the exercise of stock option plans
and c) settling claims of former Siemens Nixdorf Informations-
systeme AG (SNI AG) shareholders.
a) Conditional Capital to service the issuance of bonds with
conversion rights and / or with warrants in an aggregate
principal amount of up to € billion, entitling the holders
to subscribe to up to  million shares of Siemens AG with
no par value, representing up to € of capital stock (Con-
ditional Capital ). The authorization to issue such
bonds was granted on January ,  and will expire on
January , . Conditional Capital  replaced Condi-
tional Capital  – see e).
b) Conditional Capital to service the  and  Siemens
Stock Option Plans amounts to €, representing . mil-
lion shares of Siemens AG as of September ,  and
. Of the € Conditional capital, €, representing
 million shares, is reserved to solely service the 
Siemens Stock Option Plan and €, representing . mil-
lion shares, services both the  and  Siemens Stock
Option Plans. The last tranche of stock options expires in
November  and from that date on, no further shares are
to be issued – see Note  for further information on stock
options.
c) Conditional Capital provided to issue shares to settle claims
offered to former SNI AG shareholders who had not ten-
dered their SNI AG share certificates amounts to €., rep-
resenting  thousand shares as of September , 
and . Such rights to claim Siemens shares expired in
 and no further shares are to be issued.
d) Conditional Capital  expired on January , . It was
provided to service the issuance of bonds with conversion
rights and (or) with warrants and amounted to € repre-
senting . million shares of Siemens AG as of September
, . The Company’s shareholders authorized the Man-
aging Board in fiscal , to issue bonds in an aggregate
principal amount of up to €, with conversion rights
(convertible bonds) or with warrants.
e) Conditional Capital  was replaced by Conditional Capi-
tal , see a). It was provided to service the issuance of
bonds with conversion rights and / or with warrants and
amounted to € representing  million shares.
Treasury stock
The Company is authorized by its shareholders to acquire up to
,, Siemens shares. The authorization became effec-
tive on March ,  and remains in force through July ,
. The previous authorization to acquire up to ,,
Siemens shares was superseded as of the effective date of the
new resolution. The previous authorization was adopted on
January ,  and valid until July , . According to the
current resolution, repurchased shares may be (i) sold via a
stock exchange or through a public sales offer made to all