Siemens 2013 Annual Report Download - page 326

92 A. To our Shareholders 117 B. Corporate Governance 155 C. Combined Management Report

In fiscal  and , . million and . million jubilee
shares were granted; . million and . million were trans-
ferred, . million and . million forfeited, resulting in an
outstanding balance of . million and . million jubilee
shares as of September ,  and . Considering biomet-
rical factors, . million and . million jubilee shares are
expected to vest as of September ,  and .
NOTE  Personnel costs
Year ended September 30,
(in millions of €) 2013 2012
Wages and salaries 21,874 20,633
Statutory social welfare contributions and
expenses for optional support payments 3,389 3,354
Expenses relating to post-employment
benefits 1,148 886
26,411 24,873
Item Expenses relating to post-employment benefits includes
service costs for the period. Interest from post-employment
benefits is included in line items interest income (expenses).
Wages and salaries, statutory social welfare contributions and
expenses for optional support payments and expenses relating
to post-employment benefits for continuing and discontinued
operations amounts to €, million and €, million in
fiscal  and .
The average number of employees in fiscal years  and 
was . thousand and . thousand, respectively (based
on continuing operations). Part-time employees are included
on a proportionate basis. The employees were engaged in the
following activities:
Year ended September 30,
(in thousands) 2013 2012
Manufacturing and services 224.2 221.3
Sales and marketing 73.6 76.9
Research and development 29.8 29.5
Administration and general services 34.9 35.2
362.4 362.9
The average number of employees in fiscal years  and 
was . thousand and . thousand, respectively (based
on continuing and discontinued operations). Thereof, in fiscal
 and , . thousand and . thousand employees
were engaged in manufacturing and services, . thousand
and . thousand employees were engaged in sales and mar-
keting, . thousand and . thousand employees were in
research and development and . thousand and . thou-
sand employees were in administration and general services in
fiscal  and , respectively.
NOTE  Earnings per share
Year ended September 30,
(shares in thousands, earnings per share in €) 2013 2012
Income from continuing operations 4,212 4,642
Less: Portion attributable
to non-controlling interest 120 132
Income from continuing operations
attributable to shareholders of Siemens AG 4,093 4,510
Weighted average shares
outstanding – basic 843,819 876,053
Effect of share-based payment 8,433 8,259
Weighted average shares
outstanding – diluted 852,252 884,311
Basic earnings per share
(from continuing operations) €4.85 €5.15
Diluted earnings per share
(from continuing operations) €4.80 €5.10
Share-based payment plans are dilutive at the Income from
continuing operations level and so, in accordance with IAS ,
Earnings per Share, have been treated as dilutive for the pur-
pose of diluted earnings per share. The diluted loss per share
from discontinued operations is lower than basic loss per
share from discontinued operations because of the effect of
losses on discontinued operations.
The dilutive earnings per share computation in fiscal 
and  does not contain , thousand shares relating to
warrants issued with bonds. The inclusion of those shares
would have been antidilutive in the years presented. In the
future, the warrants could potentially dilute basic earnings
per share.