Siemens 2012 Annual Report Download - page 260

1 A. To our Shareholders 49 C. Combined Management Report 21 B. Corporate Governance

As of September ,  and , minimum future lease pay-
ments receivable from lessees under operating leases are as
follows:
September ,
(in millions of €)  
Within one year 384 426
After one year but not more than five years 754 929
More than five years 196 213
1,334 1,568
Payments from lessees under operating leases primarily relate
to buildings, data processing and phone equipment as well as
to medical equipment. Total contingent rent recognized in in-
come in fiscal  and  amounts to € million and €
million.
Investment property
The carrying amount of investment property amounts to €
million and € million compared to a fair value of € mil-
lion and € million as of September ,  and ,
respectively.
  Investments accounted
for using the equity method
As of September , , Siemens’ principal investments
accounted for under the equity method, which are all unlisted,
are (in alphabetical order):
Percentage of Ownership
September ,
 
BSH Bosch und Siemens Hausgeräte GmbH
(BSH) 50% 50%
BWI Informationstechnik GmbH 50% 50%
Enterprise Networks Holdings B.V. 49% 49%
Maschinenfabrik Reinhausen GmbH 26% 26%
Nokia Siemens Networks Holding B.V. 50% 50%
P.T. Jawa Power 50% 50%
Shanghai Electric Power Generation
Equipment Co. Ltd. 40% 40%
Voith Hydro Holding GmbH & Co. KG 35% 35%
1 The exact percentage equals .%; it is not controlled by Siemens due to
significant participating rights of the two other shareholders.
2 The exact percentage of voting rights equals % less , voting rights.
3 The investment is no jointly controlled entity.
Our interest in BSH, which is the principal jointly controlled
entity of Siemens, is recognized using the equity method, ap-
plying BSH’s twelve month periods ended June . The follow-
ing information reflect BSH’s most recent published financial
statements, not adjusted for the percentage of ownership held
by Siemens.
Year ended December ,
(in millions of €)  
Revenue 9,654 9,073
Net income 374 467
December ,
(in millions of €)  
Current assets 4,576 4,019
Non-current assets 2,859 2,882
Current liabilities 3,109 2,838
Non-current liabilities 1,917 1,655
Summarized financial information for principal investments in
associates, not adjusted for the percentage of ownership held
by Siemens, is presented below. Income statement informa-
tion is presented for the twelve month period applied under
the equity method of accounting.
Year ended September ,
(in millions of €)  
Revenue 20,178 20,359
Net income (loss) (1,272) (432)
Information related to the Statements of Financial Position is
presented as of the date used in applying the equity method of
accounting.
September ,
(in millions of €)  
Total assets 17,702 18,967
Total liabilities 12,949 12,843