Siemens 2012 Annual Report Download - page 301

135 D. Consolidated Financial Statements 239 E. Additional Information
140 D. Consolidated Statements of Changes in Equity
142 D. Notes to Consolidated Financial Statements
232 D. Supervisory Board and Managing Board
136 D. Consolidated Statements of Income
137 D. Consolidated Statements of Comprehensive Income
138 D. Consolidated Statements of Financial Position
139 D. Consolidated Statements of Cash Flow
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to three years. The exercise price was equal to % of the ref-
erence price. Based on the underlying vesting period, the last
stock options were exercised in fiscal ; unexercised stock
options expired in fiscal . Accordingly, as of September ,
 and , there were no stock options outstanding. As of
October , , , options with a weighted average exer-
cise price of €. were outstanding. The fair value per option
outstanding as of October ,  amounted to €. for grants
made in fiscal . In fiscal , , options were exer-
cised, , expired and , forfeited.
 -  
Siemens maintains other share-based payment awards. The
grants of other share-based payment awards do not have a ma-
terial impact on Siemens’ Consolidated Financial Statements.
  Personnel costs
Year ended September ,
(in millions of €)  
Wages and salaries 20,825 19,102
Statutory social welfare contributions and
expenses for optional support payments 3,406 3,093
Expenses relating to pension
plans and employee benefits 863 938
25,094 23,132
Item Expenses relating to pension plans and employee bene-
fits includes service costs for the period. Expected return on
plan assets and interest cost are included in pension related in-
terest income (expense).
Wages and salaries, statutory social welfare contributions and
expenses for optional support payments and expenses relating
to pension plans and employee benefits for continuing and
discontinued operations amounts to €, million and
€, million in fiscal  and .
The average number of employees in fiscal years  and 
was . thousand and . thousand, respectively (based
on continuing operations). Part-time employees are included
on a proportionate basis. The employees were engaged in the
following activities:
Year ended September ,
(in thousands)  
Manufacturing and services 224.3 214.3
Sales and marketing 77.6 73.6
Research and development 29.5 27.7
Administration and general services 35.3 34.3
366.7 349.9
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 mar-
keting, . thousand and . thousand employees were in
research and development and . thousand and . thou-
sand employees were in administration and general services in
fiscal  and , respectively.
  Earnings per share
Year ended September ,
(shares in thousands)  
Income from continuing operations 5,184 7,376
Less: Portion attributable
to non-controlling interest 132 187
Income from continuing operations
attributable to shareholders of Siemens AG 5,053 7,189
Weighted average shares
outstanding – basic 876,053 873,098
Effect of dilutive convertible debt
securities and share-based payment 8,259 9,558
Weighted average shares
outstanding – diluted 884,311 882,656
Basic earnings per share
(from continuing operations) €5.77 €8.23
Diluted earnings per share
(from continuing operations) €5.71 €8.14
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.