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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