Siemens 2011 Annual Report Download - page 197

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)

of a substantial part of the € million in special employee
remuneration that was accrued within Corporate items in the
fourth quarter of fiscal . Within this part is the € mil-
lion that was debited to the Sectors for management report-
ing purposes; charges were made to Industry of € million,
to Energy of € million and to Healthcare of € million. In
contrast, fiscal  included higher net charges related to le-
gal and regulatory matters and provisions of € million relat-
ing to regional risks. In addition, the current period includes
an amount of € million related to reimbursements to AtoS,
which will continue in coming quarters during the post-clos-
ing transition phase as AtoS becomes Siemens’ external IT
service provider.
For comparison, the prior fiscal year benefited from gains in
connection with compliance-related matters, including a gain
of € million related to an agreement with the provider of
Siemens’ directors and officers liability insurance, a net gain
related to settlements with former members of Siemens’ Man-
aging Board and Supervisory Board, and total gains of € mil-
lion related to the recovery of funds frozen by authorities.
Further, fiscal  included a gain of € million from the
sale of our Roke Manor activities in the U.K.
Eliminations, Corporate Treasury
and other reconciling items
In fiscal , income before income taxes from Eliminations,
Corporate Treasury and other reconciling items was a nega-
tive € million compared to a negative € million a year ear-
lier. The main factor of the improvement was Corporate Trea-
sury activities, primarily due to changes in the fair market val-
ue of interest rate and foreign currency derivatives not qualify-
ing for hedge accounting. The current fiscal year also benefited
from an improved interest result as well as positive effects re-
lated to the reclassification of fund shares in connection with
the divestment of an asset management company at SFS.