Siemens 2011 Annual Report Download - page 287

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

Gross realized gains on sales of such available-for-sale finan-
cial assets were € million and €5 million, respectively, in fis-
cal  and . Gross realized losses on sales of such avail-
able-for-sale financial assets were €– million and € million,
respectively, in fiscal  and .
Non-current available-for-sale financial assets, which are in-
cluded in line item Other financial assets, see
Note 20 Other
financial assets are measured at fair value, if reliably measur-
able. They consist of equity instruments only. As of Septem-
ber ,  and  non-current available-for-sale financial
assets at cost amounted to € million and € million, re-
spectively; non-current available-for-sale financial assets at
fair value amounted to € million and € million, respec-
tively, mainly consisting of shares in AtoS. Unrealized gains
(losses) in fiscal  and  resulting from non-current
available-for-sale financial assets at fair value were €() mil-
lion and € million, respectively.
Gross realized gains on sales of non-current available-for-sale
financial assets of continuing operations were € million
and € million, respectively, in fiscal  and . Gross re-
alized losses on sales of non-current available-for-sale finan-
cial assets of continuing operations were € million and €
million, respectively, in fiscal  and . Gross realized
gains mainly resulted from the sale of Areva, see
Note 9
Interest income, interest expense and other financial income
(expense), net.
 – Trade and other receivables
September ,
(in millions of €)  
Trade receivables from the
sale of goods and services 13,088 13,717
Receivables from finance leases 1,759 1,785
14,847 15,502
Changes to the valuation allowance of current and long-term
receivables presented in Note ,  and , which belong to
the class of Financial assets and liabilities measured at (amor-
tized) cost are as follows (excluding receivables from finance
leases):
Year ended September ,
(in millions of €)  
Valuation allowance as of beginning
of fiscal year 993 1,116
Increase in valuation allowances recorded
in the Consolidated Statements of Income
in the current period 210 70
Write-offs charged against the allowance (145) (240)
Recoveries of amounts previously written-off 13 13
Foreign exchange translation differences (10) 40
Reclassifications to line item Assets held for
disposal and dispositions of those entities (56) (6)
Valuation allowance as of fiscal year-end 1,005 993
Receivables from finance leases are presented in the State-
ments of Financial Position as follows:
September ,
(in millions of €)  
Receivables from finance leases,
current 1,759 1,785
Receivables from finance leases,
long-term portion 2,983 3,094
4,742 4,879
The valuation allowance on current and long-term receivables
from finance leases changed as follows: see this
Note and
Note 20 Other financial assets for further information on re-
ceivables from finance leases.