Siemens 2012 Annual Report Download - page 91

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Contents Financial Report
  
. To our Shareholders
.  Letter to our Shareholders
.  Managing Board of Siemens AG
.  Report of the Supervisory Board
.  The Siemens share / Investor relations
. Corporate Governance
.  Corporate Governance Report
.  Corporate Governance statement pursuant to
Section 289a of the German Commercial Code
(part of the Combined Management Report)
.  Compliance Report
.  Compensation Report
(part of the Combined Management Report)
.  Takeover-relevant information (pursuant to Sections 289 para. 4 and
315 para. 4 of the German Commercial Code) and explanatory report
(part of the Combined Management Report)
. Combined Management Report
.  Business and economic environment
.  Financial performance measures
.  Results of operations
.  Financial position
.  Net assets position
.  Overall assessment of the economic position
.  Subsequent events
.  Sustainability
.  Report on expected developments and
associated material opportunities and risks
.  Compensation Report, Corporate Governance statement
pursuant to Section 289a of the German Commercial Code,
Takeover-relevant information and explanatory report
.  Siemens AG (Discussion on basis of German Commercial Code)
.  Notes and forward-looking statements
. Consolidated Financial Statements
.  Consolidated Statements of Income
.  Consolidated Statements of Comprehensive Income
.  Consolidated Statements of Financial Position
.  Consolidated Statements of Cash Flow
.  Consolidated Statements of Changes in Equity
.  Notes to Consolidated Financial Statements
.  Supervisory Board and Managing Board
. Additional Information
.  Responsibility statement
.  Independent Auditors’ Report
.  Statement of the Managing Board
.  Five-year summary
.  Glossary
.  Index
.  Further information and information resources
.  Financial calendar
.  Company structure 1
To move forward, we’ve launched a new Company-wide program. Presented in November 2012,
the initiative will enable us to make effective, concrete adjustments in our operations – changes
we’ll have to make if we’re to continue generating profitable growth of the kind we’ve achieved
in the
last few years.
For my colleagues on the Managing Board and myself, the trust that you’ve placed in our Company
is an invaluable source of support. Your commitment creates trust, and trust unites us all: you, our
shareholders; our , employees worldwide; our customers in the industrial countries and
emerging markets; our partners in business, government and the scientific community; and, above
all, the countless people around the globe who use Siemens products and solutions every day.
Our strength – Customer proximity
This year, our Annual Report highlights the ways in which we’re creating trust by partnering closely
with our customers worldwide and developing innovative technologies that meet the needs of people
with different interests, from different cultures and with different aims and requirements. In five
special reports, we’d like to show you how our products and solutions are improving the lives of
people everywhere.
Fiscal 2012 was not an easy year for us. Even though
we achieved one of our best results ever – despite
the difficult economic environment worldwide – we
didn’t fully attain our goals of outperforming the
market and our competitors.
Dear shareholders,
.1 Letter to our shArehoLders