Siemens 2012 Annual Report Download - page 278

1 A. To our Shareholders 49 C. Combined Management Report 21 B. Corporate Governance
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  ,   
The changes in line item Other comprehensive income, net of
tax including non-controlling interest holders are as follows:
As of September ,  and , cumulative income
(expense) of €() million and €() million, respectively, is
recognized in line item Other comprehensive income which
relates to non-current assets or disposal groups classified as
held for disposal.
   
Line item Other changes in equity of the Consolidated State-
ment of Changes in Equity includes € million which relate
to the equity instruments of the US$ bonds with warrants is-
sued in fiscal .

Under the German Stock Corporation Act (Aktiengesetz), the
amount of dividends available for distribution to shareholders
is based upon the earnings of Siemens AG as reported in its
statutory financial statements determined in accordance with
the German Commercial Code (Handelsgesetzbuch). In fiscal
, Siemens AG management distributed an ordinary divi-
dend of €, million (€. per share) of the fiscal  earn-
ings to its shareholders. In fiscal , Siemens AG manage-
ment distributed to its shareholders an ordinary dividend of
€, million (€. per share) of the fiscal  earnings.
The Managing Board and the Supervisory Board proposed a
dividend of € per share of the fiscal  Siemens AG earn-
ings, in total representing approximately €. billion in expect-
ed payments. Payment of the proposed dividend is contingent
upon approval by the shareholders at the Annual Shareholders’
Meeting on January , .
  Additional capital disclosures
As of September ,  and , Siemens’ capital structure
was as follows:
September , % Change
(in millions of €)  
Total equity attributable to
shareholders of Siemens AG 30,733 31,530 (3)%
As percentage of total capital 60% 64%
Short-term debt and current
maturities of long-term debt 3,826 3,660
Long-term debt 16,880 14,280
Total debt 20,707 17,940 15%
As percentage of total capital 40% 36%
Total capital
(total debt and total equity) 51,440 49,470 4%
Regarding Siemens’ share-buy back program, see  
. In September , Siemens issued €. billion and
£. billion (€. billion as of September , ) in fixed-
rate instruments, which are partly used to finance the share
buy back program.
Siemens has commitments to sell or otherwise issue common
shares in connection with share-based compensation plans,
which were met by re-issuing treasury shares in fiscal  and
.
Year ended September ,  Year ended September , 
(in millions of €) Pretax Tax effect Net Pretax Tax effect Net
Items that will not be reclassified to profit or loss:
Actuarial gains and losses on pension plans and similar commitments (3,412) 1,311 (2,101) 103 (168) (65)
Items that may be reclassified subsequently to profit or loss:
Unrealized holding gains (losses) on available-for-sale financial assets 305 (10) 295 (42) 5 (37)
Reclassification adjustments for gains (losses) included in net income (86) – (86) (29) 7 (22)
Net unrealized gains (losses) on available-for-sale financial assets 219 (10) 209 (71) 12 (59)
Unrealized gains (losses) on derivative financial instruments (64) 29 (35) (35) 18 (17)
Reclassification adjustments for gains (losses) included in net income 144 (46) 98 (148) 44 (104)
Net unrealized gains (losses) on derivative financial instruments 79 (17) 63 (183) 62 (121)
Foreign-currency translation differences 855 – 855 129 – 129
1,153 (27) 1,127 (125) 74 (51)
Other comprehensive income (2,259) 1,284 (974) (22) (94) (116)