Siemens 2011 Annual Report Download - page 342

6 A. To our shareholders 51 C. Combined management’s discussion and analysis 23 B. Corporate Governance

The average number of employees in fiscal years  and
 was . thousand and . thousand, respectively
(based on continuing and discontinued operations). Thereof,
in fiscal  and , . thousand and . thousand
employees were engaged in manufacturing and services, .
thousand and . thousand employees were engaged in
sales and marketing, . thousand and . thousand em-
ployees were in research and development and . thousand
and . thousand employees were in administration and
general services in fiscal  and , respectively.
 – Earnings per share
Year ended September ,
(shares in thousands)  
Income from continuing operations 7,011 4,262
Less: Portion attributable
to non-controlling interest 187 160
Income from continuing operations
attributable to shareholders of Siemens AG 6,824 4,102
Weighted average shares
outstanding – basic 873,098 868,244
Effect of dilutive convertible debt
securities and share-based payment 9,558 9,236
Weighted average shares
outstanding – diluted 882,656 877,480
Basic earnings per share
(from continuing operations) €7.82 €4.72
Diluted earnings per share
(from continuing operations) €7.73 €4.67
Share-based payment plans are dilutive at the Income from
continuing operations level and so, in accordance with IAS ,
Earnings per Share, have been treated as dilutive for the pur-
pose of diluted earnings per share. The diluted loss per share
from discontinued operations is lower than basic loss per
share from discontinued operations because of the effect of
losses on discontinued operations.
The dilutive earnings per share computation does not contain
weighted average shares of , thousand in fiscal ,
since the options’ exercise prices exceeded the average mar-
ket price of ordinary shares and its inclusion would have been
antidilutive in the years presented.
 – Segment information
The Company is divided into Sectors being Industry, Energy
and Healthcare, a segment for Equity Investments and seg-
ment Financial Services (SFS). Segment information is pre-
sented for continuing operations. Accordingly, current and
prior period Segment information excludes discontinued op-
erations. Regarding our discontinued operations Siemens IT
Solutions and Services and OSRAM, see
Note 4 Acquisitions,
dispositions and discontinued operations.
DESCRIPTION OF REPORTABLE SEGMENTS
The three Sectors comprise manufacturing, industrial and
commercial goods, solutions and services in areas more or
less related to Siemens’ origins in the electrical business field.
Industry
The Industry Sector offers a complete spectrum of products,
services and solutions for the efficient use of resources and
energy and improvements of productivity in industry and in-
frastructure. Its integrated technologies and holistic solutions
address primarily industrial customers, such as process and
manufacturing industries, and infrastructure customers, es-
pecially in the areas of transport, buildings and utilities.
Energy
The Energy Sector offers a wide spectrum of products, servic-
es and solutions for the generation, transmission and distri-
bution of power, and the extraction, conversion and transport
of oil and gas. It primarily addresses the needs of energy pro-
viders, but also serves industrial companies, particularly in
the oil and gas industry.
Healthcare
The Healthcare Sector offers customers a comprehensive
portfolio of medical solutions across the value-added chain –
ranging from medical imaging to in vitro diagnostics to inter-
ventional systems and clinical information technology sys-
tems – all from a single source. In addition, the Sector pro-
vides technical maintenance, professional and consulting ser-
vices, and, together with Financial Services (SFS), financing
to assist customers in purchasing the Sector’s products.
Equity Investments
Equity Investments is a reportable segment with its own man-
agement. Equity Investments contains investments account-