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Consolidated Financial Statements

As previously reported, in June , Siemens Ltda. once again
appealed to the Supreme Court against a decision confirming
the decision of the previous court to suspend Siemens Ltda.
from participating in public tenders and signing contracts
with public administrations in Brazil for a five year term based
on alleged irregularities in calendar  and  public ten-
ders with the Brazilian Postal authorities. In July , the
court suspended enforcement of the debarment decision pend-
ing the appeal.
As previously reported, the Vienna public prosecutor in Austria
is conducting an investigation into payments between calendar
 and calendar  relating to Siemens Aktiengesellschaft
Österreich, Austria, for which adequate services rendered
could not be identified. In September , the Vienna public
prosecutor extended the investigations to include a tax evasion
matter for which Siemens AG Österreich is potentially liable.
Siemens is cooperating with the authorities.
Siemens is in the course of its normal business operations in-
volved in numerous Legal Proceedings in various jurisdictions.
These Legal Proceedings could result, in particular, in Siemens
being subject to payment of damages and punitive damages,
equitable remedies or criminal or civil sanctions, fines or dis-
gorgement of profit. In individual cases this may also lead to
formal or informal exclusion from tenders or the revocation or
loss of business licenses or permits. In addition, further Legal
Proceedings may be commenced or the scope of pending Legal
Proceedings may be expanded. Asserted claims are generally
subject to interest rates.
Some of these Legal Proceedings could result in adverse deci-
sions for Siemens that may have material effects on its finan
-
cial position, the results of its operations and / or its cash flows
in the respective reporting period. At present, Siemens does
not expect any matters not described in this Note to have mate-
rial effects on its financial position, the results of its operations
and / or its cash flows.
For Legal Proceedings information required under IAS , Provi-
sions, Contingent Liabilities and Contingent Assets is not dis-
closed if the Company concludes that disclosure can be expected
to seriously prejudice the outcome of the matter.
NOTE 22 Additional disclosures on financial
instruments
The following table discloses the carrying amounts of each cat-
egory of financial assets and financial liabilities:
Sep 30,
(in millions of €) 2015 2014
Loans and receivables 36,268 32,281
Cash and cash equivalents 9,957 8,013
Derivatives designated in a hedge
accounting relationship 608 574
Financial assets held for trading 2,620 1,995
Available-for-sale financial assets 3,639 2,728
Financial assets 53,092 45,591
Financial liabilities measured
at amortized cost 39,067 30,128
Financial liabilities held for trading 1,383 1,338
Derivatives designated in a hedge
accounting relationship 536 411
Financial liabilities 40,986 31,877
1 Reported in the following line items of the Statements of Financial Position: Trade
and other receivables, Other current financial assets and Other financial assets,
except for separately disclosed €2,464 million and €1,803 million available-for-sale
financial assets and €3,228 million and €2,569 million derivative financial instru-
ments as of September 30, 2015 and 2014, respectively. Includes €13,909 million
and €12,537 million trade receivables from the sale of goods and services in fiscal
2015 and 2014, thereof €726 million and €788 million with a term of more than
twelve months.
2 Includes equity instruments classified as available-for-sale, for which a fair value
could not be reliably measured and which are therefore recognized at cost.
3 Reported in the following line items of the Statements of Financial Position:
Short-term debt and current maturities of long-term debt, Trade payables, Other
current financial liabilities, Long-term debt and Other financial liabilities, except
for separately disclosed derivative financial instruments of €1,919 million and
€1,749 million, respectively, as of September 30, 2015 and 2014.
4 Reported in line items Other current financial liabilities and Other financial liabilities.
Cash and cash equivalents includes €  million and €  mil-
lion as of September ,  and , respectively, which are
not available for use by Siemens mainly due to minimum re-
serve requirements with banks. As of September ,  and
, the carrying amount of financial assets Siemens has
pledged as collateral amounted to €  million and €  mil-
lion, respectively.