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135 D. Consolidated Financial Statements
239 E. Additional Information
130 C. Siemens AG (Discussion on basis of
German Commercial Code)
134 C. Notes and forward-looking statements
129 C. Compensation Report, Corporate Governance
statement pursuant to Section a of the
German Commercial Code, Takeover-relevant
information and explanatory report

Within this combined management report, we provide finan-
cial measures for our four Sectors and for two Businesses, each
combining two Divisions within a Sector as well as for eight Di-
visions of our Sectors. These financial measures include: new
orders, revenue, profit and profit margin. Divisions within a
Sector may do business with each other, leading to corre-
sponding new orders and rev
enue. Such orders and revenues
are only eliminated on a Sector
level. Furthermore, our report-
able segments may do business with each other, leading to
corresponding new order and revenue. Such orders and reve-
nues are eliminated on the Siemens level within Eliminations,
Corporate Treasury and other reconciling items and are not in-
cluded in new orders and revenue with external customers
(external orders and external revenue, respectively) reported
in this document. Free cash flow and further information is re-
ported for each reportable segment in the Notes to Consolidat-
ed Financial Statements.
For information related to the definition of these financial
measures and to the reconciliation of segment financial mea-
sures to the Consolidated Financial Statements, see .

 -  and 
  .
    .
On a geographic basis, Siemens is subdivided into  Regional
Clusters, which are in turn assigned to one of our three reporting
regions. We report financial measures for these three regions:
In addition, we report financial information at group level
for certain major countries within each region, including
Germany (within the region Europe, C.I.S., Africa, Middle East),
the U.S. (within the region Americas), and China and India
(within the region Asia, Australia).
      , 
Reporting structure
Fossil Power
Generation
Wind Power
Oil & Gas
Power Transmission
Diagnostics Industry Automation
Drive Technologies
Transportation &
Logistics
Power Grid
Solutions & Products
Building
Technologies
Reconciliation to Consolidated Financial Statements
Energy
Sector
Healthcare
Sector
Industry
Sector
Infrastructure & Cities
Sector
Equity
Investments
Financial
Services
Centrally managed
portfolio activities Siemens Real Estate Corporate items
and pensions
Eliminations,
Corporate Treasury and
other reconciling items
     , 
1 Commonwealth of Independent States.
Regional structure
Europe,
C.I.S., Africa,
Middle East
Americas Asia,
Australia