Siemens 2011 Annual Report Download - page 153

153 D. Consolidated Financial Statements
273 E. Additional information
143 C.2 Additional information for supplemental
financial measures
145 C. Siemens AG (Discussion on basis of
German Commercial Code)
151 C. Notes and forward-looking statements
140 C. Information required pursuant to Section  ()
and Section  () no.  of the German Commer-
cial Code (HGB) and explanatory report
142 C. Compensation report and Corporate Governance
statement pursuant to Section a of the German
Commercial Code (HGB)

the public offering depends on market conditions. We intend
to retain a minority stake in OSRAM AG and to remain a long-
term anchor shareholder. For further information see C.2 Fis-
cal 2 – Financial summary as well as D. Notes to Consoli-
dated Financial Statements. Financial reporting for fiscal 
continued to be based on the organizational structure effec-
tive until September , . The Healthcare Sector was not
affected by the reorganization.
During fiscal , our Industry Sector offered a complete
spectrum of products, services and solutions for the efficient
use of resources and energy, and improvements of productivi-
ty in industry and infrastructure. Its integrated technologies
and holistic solutions addressed primarily industrial custom-
ers, such as process and manufacturing industries, and infra-
structure customers, especially in the areas of transport,
buildings and utilities. The portfolio spanned industry auto-
mation and drives products and services, building and mobil-
ity solutions and services, and system integration and solu-
tions for plant businesses. Until the end of fiscal , our In-
dustry Sector comprised the five Divisions, Industry Automa-
tion, Drive Technologies, Building Technologies, Industry
Solutions and Mobility. Many of the business activities of In-
dustry Automation are characterized by relatively short busi-
ness cycles and as such are influenced by prevailing economic
conditions. In contrast, the longer-cycle business activities of
the Mobility Division are less affected by short-term trends.
During fiscal , we announced our plan to publicly list our
subsidiary OSRAM AG, formerly reported as a Division within
the Industry Sector. Following the announcement, the busi-
ness was classified as discontinued operations. Prior-year re-
sults are presented on a comparable basis. As of September
, , the Industry Sector had , employees, and in
fiscal  reported external revenue of €. billion. Of this
figure, % was attributable to the region comprising Europe,
the Commonwealth of Independent States (C.I.S.), Africa and
the Middle East, % to the Americas, and % to Asia, Austra-
lia. The largest single national market for the Industry Sector
is Germany, with % of external revenue for the Sector dur-
ing fiscal . Following the organizational changes which
became effective as of October , , the Industry Sector fo-
cuses solely on industry customers and is reinforcing its ser-
vice business. The Industry Solutions Division was dissolved
and its business activities divided up among the Industry Au-
tomation Division, the Drive Technologies Division and the
sector-led Metals Technologies Business Unit. In addition, a
new Customer Services Division was formed, which bundles
all service activities of the Industry Sector. Thus, beginning
with fiscal , the Sector consists of the Divisions Industry
Automation, Drive Technologies and Customer Services and
the sector-led Metals Technologies Business Unit. Financial
results relating to the Customer Services Division are reported
in the Industry Automation and Drive Technologies Divisions
as well as in the Metals Technologies Business Unit.
Basis of presentation as of September , 
Reporting structure
Industry Automation
Drive Technologies
Building Technologies
Industry Solutions
Mobility
Fossil Power Generation
Renewable Energy
Oil & Gas
Power Transmission
Power Distribution
therein: Diagnostics
Healthcare SectorIndustry Sector Equity Investments Financial Services Energy Sector
Reconciliation to Consolidated Financial Statements
Centrally managed
portfolio activities Siemens Real Estate Corporate items and pensions
Eliminations,
Corporate Treasury and
other reconciling items