Siemens 2013 Annual Report Download - page 279

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

NOTE  Income (loss) from investments
accounted for using the equity method,
net
Year ended September ,
(in millions of €)  
Share of profit (loss), net 247 (371)
Gains (losses) on sales, net 78 103
Impairment (116) (68)
Reversals of impairment 301 4
Income (loss) from investments accounted
for using the equity method, net 510 (333)
Items Share of profit (loss), net, Gains (losses) on sales, net
and Reversals of impairment include the effects of disposing
of Siemens’ share in NSN in the fourth quarter of fiscal ,
see NOTE  ACQUISITIONS, DISPOSITIONS AND DISCONTINUED OPER-
ATIONS. Item Share of profit (loss), net also includes Siemens’
share in Enterprise Networks’ earnings (EN) of €() million
and €() million, in fiscal  and , respectively. Due to
Siemens’ commitment made to EN which forms part of
Siemens’ net investment in EN, Siemens recognized the previ-
ously unrecognized share of losses as well as the current share
of losses in fiscal .
Item Gains (losses) on sales, net, in fiscal , include €
million gain on the partial sale of interests in Bangalore Inter-
national Airport Limited.
In fiscal  and , item Impairment includes €() million
and €() million related to an investment of Siemens’ solar
business, see NOTE  ACQUISITIONS, DISPOSITIONS AND DISCON-
TINUED OPERATIONS.
NOTE  Interest income, interest expenses
and other financial income (expenses),
net
Year ended September ,
(in millions of €)  
Interest income
from post-employment benefits 38
Interest income, other than
from post-employment benefits 945 930
Interest income 948 939
Interest expenses
from post-employment benefits (297) (310)
Interest expenses, other than
from post-employment benefits (493) (450)
Interest expenses (789) (760)
Income (expenses)
from available-for-sale financial assets, net (80) 103
Miscellaneous financial
income (expenses), net (74) (108)
Other financial income (expenses), net (154) (5)
Total amounts of item Interest income and (expense), other
than from post-employment benefits, were as follows:
Year ended September ,
(in millions of €)  
Interest income, other than
from post-employment benefits 945 930
Interest expenses, other than
from post-employment benefits (493) (450)
Interest income (expenses), net,
other than from post-employment benefits 452 480
Thereof: Interest income
(expenses) of operations, net (3) 9
Thereof: Other interest income
(expenses), net 455 471
Item Interest income (expense) of Operations, net includes in-
terest income and expense primarily related to receivables
from customers and payables to suppliers, interest on advanc-
es from customers and advanced financing of customer con-
tracts. Item Other interest income (expense), net includes all
other interest amounts primarily consisting of interest relating
to corporate debt, and related hedging activities, as well as
interest income on corporate assets.