Siemens 2013 Annual Report Download - page 275

253 D. Consolidated Financial Statements 357 E. Additional Information
254 D. Consolidated Statements of Income
255 D. Consolidated Statements of Comprehensive Income
256 D. Consolidated Statements of Financial Position
257 D. Consolidated Statements of Cash Flows
258 D. Consolidated Statements of Changes in Equity
260 D. Notes to Consolidated Financial Statements
348 D. Supervisory Board and Managing Board

The following figures represent the final purchase price alloca-
tions and show the amounts recognized for each major class
of assets acquired and liabilities assumed:
(in millions of €)
Goodwill 579
Technology 124
Customer relationships 113
Other intangible assets 50
Other long-lived assets 56
Trade and other receivables 82
Inventories 39
Other current assets 70
Cash and cash equivalents 138
Total assets acquired 1,251
Other liabilities and provisions 153
Deferred tax liabilities 51
Current liabilities 78
Total liabilities assumed 282
The respective acquisitions led to non-controlling interests of
€ million. Goodwill comprises intangible assets that are not
separable such as employee know-how and expected synergy
effects. Including purchase price accounting effects and inte-
gration costs, the acquired entities contributed revenues of
€ million and a net loss of € million to Siemens for the peri-
od from the respective acquisition date to September , .
If these acquired businesses had been included as of October ,
, the impact on consolidated revenues and consolidated
net income for the twelve months ended September , 
would have been € million and €() million, respectively.
B) DISPOSITIONS AND DISCONTINUED OPERATIONS
ba) Dispositions not qualifying for discontinued
operations: closed transactions
Dispositions in fiscal 
On July , , Siemens and Nokia have signed an agreement
under which Nokia acquires the shares held in Nokia Siemens
Networks Holding B. V. (NSN) by Siemens for an agreed pur-
chase price of €, million. The cash consideration amounts
to €, million with the remaining € million to be grant-
ed as an interest bearing loan to Nokia, maturing one year
after closing.
The impairment recognized on the investment in fiscal 
was partly reversed since its recoverable amount, represented
by its fair value less cost to sell, derived from the agreed
purchase price, exceeds the carrying amount of NSN after
applying the equity method. Thus, item Reversals of impair-
ment presented in line item Income (loss) from investments
accounted for using the equity method, net included € mil-
lion relating to NSN held by segment Equity Investments.
The investment in NSN was classified as held for disposal as
of June ,  and equity method accounting ceased.
The share of losses recognized for the investment in NSN in
fiscal  and  amounted to € million and € million,
respectively.
The transaction closed in August  and resulted in a further
gain on disposal for the investment previously presented as
held for disposal of € million due to the reversal of amounts
recognized in line item Other comprehensive income, net of in-
come taxes. Nokia early redeemed the loan in September .
bb) Dispositions not qualifying for discontinued
operations: held for disposal
The Consolidated Statements of Financial Position as of Sep-
tember ,  and  include assets held for disposal of
€ million and € million and liabilities held for disposal
of € million and € million, respectively, that do not quali-
fy as discontinued operations. As of September , , the
assets and liabilities mainly include the Business Unit Turbo-
Care of the Energy Sector.
bc) Discontinued operations
General
Net income (loss) from discontinued operations presented in
the Consolidated Statements of Income in fiscal  and 
amount to € million (thereof €() million income tax) and
€() million (thereof €() million income tax), respectively.
Net income (loss) from discontinued operations attributable to
shareholders of Siemens AG for fiscal  and  amount to
€ million and €() million.
Water Technologies – discontinued operations,
assets and liabilities held for disposal
In the first quarter of fiscal , Siemens decided to sell its
Business Unit Water Technologies. The conditions for Water
Technologies to be classified as held for disposal and dis-
continued operations were fulfilled as of the fourth quarter of
fiscal .