Siemens 2012 Annual Report Download - page 276

1 A. To our Shareholders 49 C. Combined Management Report 21 B. Corporate Governance

  Other liabilities
. September
(in millions of €)  
Employee related liabilities 493 461
Liabilities due to employees and retirees
in the U.S. not qualifying for presentation
as Pensions and similar obligations 523 459
Deferred income 221 237
Accruals for pending invoices 124 98
Accruals for stand-ready obligations 79 80
Severance payments 71 79
Warranties for disposed of businesses 67 73
German pension insurance association –
Pensionssicherungsverein (PSV) 56 69
Insurance liabilities 126 71
Other 292 240
2,052 1,867
  Equity
 
Siemens common stock is composed of no par value shares
with a notional value of €. per share. Each share of com-
mon stock is entitled to one vote.
The following table provides a summary of outstanding autho-
rized and conditional capital and the changes for fiscal years
 and :
Common stock
(authorized and issued)
Authorized capital
(not issued)
Conditional capital
(not issued)
in thousands
of €
in thousands
shares
in thousands
of €
in thousands
shares
in thousands
of €
in thousands
shares
As of September ,  2,742,610 914,203 591,930 197,310 757,517 252,506
Expired or cancelled capital – – (71,130) (23,710) – –
Newly approved capital – – 90,000 30,000 270,000 90,000
As of September ,  2,742,610 914,203 610,800 203,600 1,027,517 342,506
Expired or cancelled capital (99,610) (33,203) – – – –
As of September ,  2,643,000 881,000 610,800 203,600 1,027,517 342,506
  ( )
The Company ’s shareholders authorized the Managing Board,
with the approval of the Supervisory Board, to increase capital
stock through the issuance of no par value shares registered in
the names of the holders and to determine the further content
of the rights embodied in the shares and the terms and condi-
tions of the share issue as follows:
> Authorized Capital  by up to € million through the is-
suance of up to  million shares for contributions in cash.
The authorization was granted on January ,  and ex-
pires on January , . This authorization followed the
expiration of Authorized Capital , see below. In accordance
with Authorized Capital  new shares can be issued solely
to employees of Siemens AG and its subsidiaries. Pre-emp-
tive rights of existing shareholders are excluded.
> Authorized Capital  by up to €. million through the
issuance of up to . million shares for contributions in
cash and/or in kind (Authorized Capital ). The authori-
zation was granted on January ,  and expires on Janu-
ary , . With the approval of the Supervisory Board, the
Managing Board can exclude shareholders’ pre-emptive
rights for capital increases in the form of contributions in
kind and in certain pre-stipulated circumstances for contri-
butions in cash.
> Authorized Capital , granted in January , expired
in January .