Siemens 2014 Annual Report Download - page 317

247 D. Consolidated Financial Statements 337 E. Additional Information
248 D. Consolidated Statements of Income
249 D. Consolidated Statements of Comprehensive Income
250 D. Consolidated Statements of Financial Position
251 D. Consolidated Statements of Cash Flows
252 D. Consolidated Statements of Changes in Equity
254 D. Notes to Consolidated Financial Statements
330 D. Supervisory Board and Managing Board

The defined benefit obligation (DBO) of all pension commit-
ments to former members of the Managing Board and their
survivors as of September ,  and  amounted to
€ . million and € . million. For additional information
see NOTE  POST-EMPLOYMENT BENEFITS.
Compensation attributable to members of the Supervisory Board
comprises in fiscal  and  of a base compensation and
additional compensation for committee work and amounted
to € . million and € . million (including meeting fees),
respectively.
No loans and advances from the Company are provided to mem-
bers of the Managing Board and Supervisory Board.
Information regarding the remuneration of the members of the
Managing Board and Supervisory Board is disclosed on an indi-
vidual basis in the Compensation Report, which is part of the
Combined Management Report. The chapter B. COMPEN-
SATION REPORT is presented within the chapter B. CORPORATE
GOVERNANCE.
In fiscal  and , no other major transactions took place
between the Company and the other members of the Manag-
ing Board and the Supervisory Board.
Some of our board members hold, or in the last year have held,
positions of significant responsibility with other entities.
We have relationships with almost all of these entities in the
ordinary course of our business whereby we buy and sell a wide
variety of products and services on arm’s length terms.
NOTE  Principal accountant fees
and services
Fees related to professional services rendered by the Com-
pany’s principal accountant, EY, for fiscal  and  were as
follows:
Year ended September ,
(in millions of €)  
Type of fees
Audit Services 43.5 45.6
Other Attestation Services 5.9 10.2
Tax Services 0.2 0.1
Other services –0.4
Total 49.6 56.3
In fiscal  and ,  % and  %, respectively, of the total
fees related to Ernst & Young GmbH Wirtschaftsprüfungs-
gesellschaft, Germany.
Audit Services relate primarily to services provided by EY for
auditing Siemens’ Consolidated Financial Statements and for
auditing the statutory financial statements of Siemens AG and
its subsidiaries. Other Attestation Services include primarily
audits of financial statements in connection with M & A activi-
ties, comfort letters and other attestation services required
under regulatory requirements, agreements or requested on a
voluntary basis. Tax Services are primarily for transitional sup-
port, where EY was the historical tax service provider, with tax
audits and other follow-up tax compliance services. Other ser-
vices in fiscal  consist of advisory services provided by EY
for a transitional period after they acquired one of Siemens’
IT-suppliers in the area of supply chain management in
June .
NOTE  Corporate Governance
The Managing Board and the Supervisory Board of Siemens
Aktiengesellschaft provided the declaration required by
Section  of the German stock corporation law (AktG) as of
October , , which is available on the Company’s website
at: WWW.SIEMENS.COM/GCG-CODE.
NOTE  Subsequent events
In November , Siemens announced the sale of its hearing
aid business to the investment company EQT and the German
entrepreneurial family Strüngmann as co-investors. The trans-
action volume is € . billion plus an earn-out component and
includes that the new owners will also be allowed to continue
using the Siemens product brand for the hearing aid business
over the medium term. The hearing aid business so far rep-
resents a Business Unit within Healthcare. The transaction is
subject to approval by the regulatory authorities. Closing is
expected in the first quarter of calendar year . The hearing
aid business is presented as held for disposal and discontinued
operations since the first quarter of fiscal .