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Consolidated Financial Statements 
Asset measurement principles:
Management determined Assets (Net capital employed) as a
measure to assess capital intensity of the segments except for
SFS. Its definition corresponds to the Profit measure except for
amortization expenses of intangible assets acquired in busi-
ness combinations which are not part of Profit, however, the
related intangible assets are included in the segments’ Assets.
Segment Assets is based on Total assets of the Consolidated
Statements of Financial Position, primarily excluding intra-
group financing receivables, tax related assets and assets of
discontinued operations, since the corresponding positions are
excluded from Profit. Mobility includes in Assets the project-
specific intercompany financing of a long-term project. The re-
maining assets are reduced by non-interest-bearing liabilities
other than tax related liabilities, e. g. trade payables, to derive
Assets. In contrast, Assets of SFS is Total assets.
Orders:
Orders are determined principally as estimated revenue of ac-
cepted purchase orders and order value changes and adjust-
ments, excluding letters of intent.
Free cash flow definition:
Free cash flow of the segments except for SFS constitutes cash
flows from operating activities less additions to intangible as-
sets and property, plant and equipment. It excludes Financing
interest, except for cases where interest on qualifying assets is
capitalized or classified as contract costs and it also excludes
income tax as well as certain other payments and proceeds.
Free cash flow of SFS includes related financing interest pay-
ments and proceeds; income tax payments and proceeds of SFS
are excluded.
Amortization, depreciation and impairments:
Amortization, depreciation and impairments includes depreci-
ation and impairments of property, plant and equipment as
well as amortization and impairments of intangible assets each
net of reversals of impairment.
MEASUREMENT – CENTRALLY MANAGED
PORTFOLIO ACTIVITIES AND SRE:
Centrally managed portfolio activities follow the measurement
principles of the segments except for SFS. SRE applies the mea-
surement principles of SFS.
RECONCILIATION TO
CONSOLIDATED FINANCIAL STATEMENTS
Profit
Fiscal year
(in millions of €) 2015 2014
Centrally managed portfolio activities 714 280
Siemens Real Estate 205 242
Corporate items (709) (446)
Centrally carried pension expense (440) (393)
Amortization of intangible assets
acquired in business combinations (543) (498)
Eliminations, Corporate Treasury,
and other reconciling items (365) (48)
Reconciliation to
Consolidated Financial Statements (1,138) (862)
In fiscal , Corporate items included €  million in sever-
ance charges for corporate reorganization of support functions.
In fiscal , Profit includes a one-time effect of €  million
regarding insurance matters, which were mainly included in
Eliminations.
In fiscal  and , Profit of SFS includes interest income
of € , million and €  million, respectively and interest
expenses of €  million and €  million, respectively.
Assets
Sep 30,
(in millions of €) 2015 2014
Assets Centrally managed portfolio activities 1,322 2,116
Assets Siemens Real Estate 4,895 4,696
Assets Corporate items and pensions (2,007) (1,779)
Asset-based adjustments:
Intragroup financing receivables
and investments 45,576 42,129
Tax-related assets 3,103 3,781
Liability-based adjustments 42,282 37,779
Eliminations, Corporate Treasury, other items (34,315) (30,372)
Reconciliation to
Consolidated Financial Statements 60,855 58,351