Siemens 2011 Annual Report Download - page 281

153 D. Consolidated Financial Statements 273 E. Additional information
158 D. Consolidated Statements of Changes in Equity
160 D. Notes to Consolidated Financial Statements
266 D. Supervisory Board and Managing Board
154 D. Consolidated Statements of Income
155 D. Consolidated Statements of Comprehensive Income
156 D. Consolidated Statements of Financial Position
157 D. Consolidated Statements of Cash Flow

ventures and associates of Siemens in fiscal  and 
amounted to € million and € million, respectively. As of
September , , receivables from and liabilities to joint
ventures and associates are €– and €–, respectively. For fur-
ther information regarding related party transactions refer to
Note 39 Related party transactions.
The cash flows in connection with the disposal of Siemens IT
Solutions and Services are shown in line item Net cash provid-
ed by (used in) investing activities (discontinued operations),
including the effects resulting from the transfer and the con-
tribution of plan assets into separate pension plans in fiscal
 in connection with the disposal of Siemens IT Solutions
and Services. For further information regarding pensions refer
to
Note 24 Pension plans and similar commitments.
Former segments SV and Com – discontinued operations
Net results of discontinued operations of SV activities and the
former operating segment Com presented in the Consolidated
Statements of Income in fiscal  and  amounted to
€() million (thereof €() million income tax) and €()
million (thereof € million income tax), respectively. The
Company recorded a reserve in the second quarter of fiscal
 with regard to the restructuring measures before the sale
of the SV activities in December . Siemens sold its SV ac-
tivities in December . The net results of discontinued op-
erations presented in the Consolidated Statements of Income
for fiscal , relate mainly to legal and carve-out related
matters in connection with the former Com activities.
 – Restructuring expense
Siemens has implemented and will continue to run various re-
structuring measures. In fiscal , the three Sectors Indus-
try, Energy and Healthcare, in total, incurred personnel-relat-
ed termination benefits of € million. In fiscal , the In-
dustry Sector reported personnel-related expenses of €
million from continuing operations for a number of restruc-
turing projects. Restructuring costs are recorded in line item
Income from continuing operations before income taxes. Line
item Other current liabilities includes the majority of the ter-
mination benefits.
The Siemens IT Solutions and Services restructuring program
is disclosed at discontinued operations, see
Note 4 Acquisi-
tions, dispositions and discontinued operations.
 – Other operating income
Year ended September ,
(in millions of €)  
Gains on disposals of businesses 27 134
Gains on sales of property,
plant and equipment and intangibles 250 285
Other 278 420
555 839
Item Gains on disposals of businesses, in fiscal , includes
€ million gain related to the sale of our Airfield Solutions
Business of the Industry Sector and € million from the sale
of our Roke Manor activities in the U.K., held centrally. See
Note 4 Acquisitions, dispositions and discontinued opera-
tions for further information.
Real estate, which we had recognized as a lessee finance lease
under a previous sale and lease back transaction, was sold by
the lessor (entities controlled by the Siemens Pension-Trust
e.V.) in fiscal , which resulted in the dissolution of our li-
ability from continuing lease involvement of € million
(non-cash transaction), the removal of real estate with a car-
rying amount of € million and a gain of € million report-
ed in item Gains on sales of property, plant and equipment
and intangibles. In connection with the new real estate oper-
ating lease, entered into in the second quarter of fiscal ,
the Company received lease subsidies amounting to € mil-
lion which are deferred and recognized in income over the
term of the new lease. In fiscal , item Gains on sales of
property, plant and equipment and intangibles also includes a
gain of € million from the sale of various properties in Zug,
Switzerland.
Item Other in fiscal , includes € million income related
to a settlement of legal matters in connection with portfolio
activities. Item Other, in fiscal , includes gains from set-
tlement agreements with former Managing Board and Super-
visory Board members in conjunction with compliance mat-
ters, mainly from Siemens’ directors and officers insurance of
€ million; as well as € million related to the recovery of
funds frozen by authorities. In the third quarter of fiscal ,
the Company ceased to consolidate a subsidiary because of a
loss of control and began accounting for the investment using