Siemens 2011 Annual Report Download - page 305

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.2 Consolidated Statements of Comprehensive Income
156 D. Consolidated Statements of Financial Position
157 D. Consolidated Statements of Cash Flow

Derivatives are reported under the asset class whose risk is
hedged. Current asset allocation is composed of high quality
government and selected corporate bonds. Siemens constant-
ly reviews the asset allocation in light of the duration of its
pension liabilities and analyzes trends and events that may af-
fect asset values in order to initiate appropriate measures at a
very early stage.
The plan assets include own shares and debt instruments of
the Company with a fair value of € million and € million
as of September ,  and .
The following table shows the actual return on plan assets in
fiscal  and :
Year ended September , 
(in millions of €) Total Domestic Foreign
Actual return on plan assets (178) (471) 293
Year ended September , 
(in millions of €) Total Domestic Foreign
Actual return on plan assets 2,336 1,400 936
Line item Actual return on plan assets for the year ended Sep-
tember , , includes € million related to OSRAM.
The actual return over the last twelve months amounted to a
negative .% or €() million compared to an expected re-
turn of .% or €, million. The experience adjustment
arising on plan assets was (.)% in fiscal  (fiscal :
.%; fiscal : .%; fiscal : (.)%; fiscal :
(.)%). For the domestic pension plans, €() million or
(.)% was realized, as compared to an expected return on
plan assets of .% or an amount of € million that was in-
cluded in the NPBC. For the foreign pension plans, € mil-
lion or .% was realized, as compared to an expected return
on plan assets of .% or an amount of € million that was
included in the NPBC.
Target asset allocation Asset allocation
September ,  September ,  September , 
Asset class Total Domestic Foreign Total Domestic Foreign
Equity 20 – 50% 28% 29% 27% 27% 27% 28%
Fixed income 40 – 70% 62% 63% 62% 62% 62% 61%
Real estate 5 – 15% 7% 6% 8% 7% 6% 9%
Cash and other assets 0 – 15% 3% 2% 3% 4% 5% 2%
100% 100% 100% 100% 100% 100%
PENSION BENEFITS: PLAN ASSETS
The asset allocation of the plan assets of the pension benefit
plans as of the period-end date in fiscal  and , as well
as the target asset allocation for fiscal year , are as fol-
lows: