Siemens 2013 Annual Report Download - page 289

253 D. Consolidated Financial Statements 357 E. Additional Information
254 D.1 Consolidated Statements of Income
255 D.2 Consolidated Statements of Comprehensive Income
256 D.3 Consolidated Statements of Financial Position
257 D. Consolidated Statements of Cash Flows
258 D.5 Consolidated Statements of Changes in Equity
260 D.6 Notes to Consolidated Financial Statements
348 D.7 Supervisory Board and Managing Board

NOTE  Investments accounted
for using the equity method
As of September , , Siemens’ principal investments
accounted for under the equity method, which are all unlisted,
are (in alphabetical order):
Percentage of Ownership
September 30,
2013 2012
BSH Bosch und Siemens Hausgeräte GmbH
(BSH) 50% 50%
BWI Informationstechnik GmbH  50% 50%
Enterprise Networks Holdings B.V. 49% 49%
Maschinenfabrik Reinhausen GmbH 26% 26%
Nokia Siemens Networks Holding B.V.  –50%
P.T. Jawa Power  50% 50%
Shanghai Electric Power
Generation Equipment Co. Ltd. 40% 40%
Voith Hydro Holding GmbH & Co. KG 35% 35%
1 The exact percentage equals 50.05%; it is not controlled by Siemens due to
significant participating rights of the two other shareholders.
2 The investment was disposed of in the fourth quarter of fiscal 2013. Until the
disposal, the exact percentage of voting rights was equal to 50% less 2,500
voting rights. Due to its classification as held for disposal as of June 30, 2013,
the summarized revenue and net income (loss) include NSN for nine months
in fiscal 2013.
3 The investment is no jointly controlled entity.
Siemens’ interest in BSH, which is the principal jointly
controlled entity of Siemens, is recognized using the equity
method, applying BSH’s twelve month periods ended June .
The following information reflect BSH’s most recent published
financial statements, not adjusted for the percentage of own-
ership held by Siemens.
Year ended December 31,
(in millions of €) 2012 2011
Revenue 9,800 9,654
Net income 465 374
December 31,
(in millions of €) 2012 2011
Current assets 4,650 4,576
Non-current assets 3,215 2,859
Current liabilities 2,876 3,109
Non-current liabilities 2,410 1,917
Summarized financial information for principal investments in
associates, not adjusted for the percentage of ownership held
by Siemens, is presented below. Income statement informa-
tion is presented for the twelve month period applied under
the equity method of accounting.
Year ended September 30,
(in millions of €) 2013 2012
Revenue 16,002 20,178
Net income (loss) 92 (1,272)
Information related to the Statements of Financial Position is
presented as of the date used in applying the equity method of
accounting.
September 30,
(in millions of €) 2013 2012
Total assets 6,825 17,702
Total liabilities 4,676 12,949
The unrecognized share of losses in associates amounted to
€ million and € million as of September ,  and .
NOTE 19 Other financial assets
September 30,
(in millions of €) 2013 2012
Loans receivable 6,805 6,085
Receivables from finance leases,
see NOTE 11 TRADE AND OTHER RECEIVABLES 3,340 3,148
Derivative financial instruments 1,894 2,798
Available-for-sale financial assets 1,560 1,021
Other 1,518 1,614
15,117 14,666
Item Loans receivable primarily relate to long-term loan trans-
actions of SFS.