Siemens 2014 Annual Report Download - page 268

108 A. To our Shareholders 131 B. Corporate Governance 171 C. Combined Management Report

September ,  and  amounts to € , million and
€ , million. BWI IT finances its operations on its own.
The accumulated unrecognized share of losses in associates
amounts to €  million and €  million, respectively, as of
September ,  and . Within fiscal  and  the
unrecognized share of losses amounts to €  million and
€  million.
c) Joint ventures
As of September ,  and , the carrying amount of all
individually not material joint ventures amounts to €  mil-
lion and €  million, respectively. Summarized financial infor-
mation for all individually not material joint ventures adjusted
for the percentage of ownership held by Siemens, is presented
below. Items in the Statements of Comprehensive Income
are presented for the twelve month period applied under the
equity method of accounting.
Year ended September ,
(in millions of €)  
Income (loss) from continuing operations 30 (33)
Other comprehensive income,
net of income taxes (72) 4
Total comprehensive income (42) (30)
NOTE  Other operating income
In fiscal  and , Other operating income includes gains
on sales of property, plant and equipment and intangible assets
of €  million and €  million, respectively, including gains
from real estate sold and leased back; gains from the sale of
businesses of €  million and €  million, respectively; as well
as income in connection with legal and regulatory matters.
NOTE  Other operating expenses
Other operating expenses in fiscal  and  include losses
on sales of property, plant and equipment and intangible assets,
impairment losses on goodwill and effects from insurance, legal
and regulatory matters.
NOTE  Interest income, interest expenses
and other financial income (expenses),
net
Year ended September ,
(in millions of €)  
Interest income from post-employment
benefits 13
Interest income other than from
post-employment benefits 1,058 944
Interest income 1,058 947
Interest expenses from
post-employment benefits (295) (294)
Interest expenses other than from
post-employment benefits (469) (490)
Interest expenses (764) (784)
Income (expenses) from available-for-sale
financial assets, net 45 (80)
Miscellaneous financial income (expenses), net (221) (74)
Other financial income (expenses), net (177) (154)
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 1,058 944
Interest expenses other than from
post-employment benefits (469) (490)
Interest income (expenses), net, other than
from post-employment benefits 589 454
Thereof: Interest income (expenses)
of operations, net (17) (2)
Thereof: Other interest income (expenses),
net 606 455
Item Interest income (expense) of operations, net includes
interest income and expense primarily related to receivables
from customers and payables to suppliers, interest on advances
from customers and advanced financing of customer contracts.
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 inter-
est income on corporate assets.