Siemens 2010 Annual Report Download - page 300

6 To our shareholders 21 Corporate Governance 49 Combined management’s discussion and analysis

 – Information about geographies
Revenue by
location of customer
Revenue by
location of companies
   
Europe, C.I.S., Africa,
Middle East 41,426 43,288 45,529 47,817
Americas 20,643 20,754 20,364 20,215
Asia, Australia 13,909 12,609 10,085 8,619
Siemens 75,978 76,651 75,978 76,651
thereof Germany 11,432 11,525 19,715 20,357
thereof foreign countries 64,547 65,126 56,263 56,294
thereof U.S. 14,772 15,684 15,915 16,387
Non-current assets
September ,
 
Europe, C.I.S., Africa, Middle East 16,587 16,509
Americas 13,068 13,233
Asia, Australia 2,825 2,428
Siemens 32,480 32,170
thereof Germany 7,284 7,542
thereof U.S. 11,729 11,977
Non-current assets consist of property, plant and equipment,
goodwill and other intangible assets.
 – Related party transactions
Joint ventures and associates
Siemens has relationships with many joint ventures and as-
sociates in the ordinary course of business whereby Siemens
buys and sells a wide variety of products and services gener-
ally on arm’s length terms. For information regarding our
subsidiaries, joint ventures and associated companies in fiscal
 see Notes  and . Information regarding our subsidiar-
ies, joint ventures and associated companies for fiscal  are
presented in the List of subsidiaries and associated companies
published separately in the German Electronic Federal Gazette
(elektronischer Bundesanzeiger).
Sales of goods and services and other income from transac-
tions with joint ventures and associates as well as purchases
of goods and services and other expense from transactions
with joint ventures and associates are as follows:
Sales of goods and services
and other income
Year ended September ,
Purchases of goods and
services and other expense
Year ended September ,
   
Joint ventures 105 173 31 217
Associates 920 1,061 271 230
1,025 1,234 302 447
Receivables from joint ventures and associates and liabilities to
joint ventures and associates are as follows:
Receivables
September ,
Liabilities
September ,
   
Joint ventures 35 25 7 13
Associates 172 129 41 73
207 154 48 86
As of September , , loans given to joint ventures and
associates amount to € in total including a tranche of €,
nominal in relation to a Shareholder Loan Agreement between
Siemens and NSN, bearing annual interest of . percent plus
-months-EURIBOR due in fiscal , an interest-free loan of
€ granted to NSN, as well as an interest-free loan of €
granted to EN. As of September , , loans given to joint
ventures and associates amounted to € including three
tranches of € each in relation to a Shareholder Loan Agree-
ment between Siemens and NSN and an interest-free loan of
€. At the end of March , both Siemens and Nokia con-
verted an amount of € each of the Shareholder loan into
preferred shares. The conversion resulted in an increase of
€ of our investment in NSN. The conversion does not result
in a change to the existing shareholding ratios between
Siemens and Nokia. Loans given to joint ventures amount to €
and €, respectively, as of September ,  and . In the
normal course of business the Company regularly reviews
loans and receivables associated with joint ventures and as-
sociates, including NSN. In fiscal  and , the review