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Siemens Aktiengesellschaft
As filed with the Securities and Exchange Commission on December 4, 2009 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F n REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¥ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2009. OR n TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR n SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number: 1-15174 Siemens Aktiengesellschaft Wittelsbacherplatz 2 D-80333 Munich Federal Republic of Germany Telephone: +49 (89) 636-00 Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares, each representing one Common Share, no par value New York Stock Exchange Common Shares, no par value* New York Stock Exchange * Listed, not for trading or quotation purposes, but only in connection with the registration of American Depositary Shares pursuant to the requirements of the Securities and Exchange Commission. Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None The number of outstanding shares of each of the issuer’s classes of capital or common stock as of September 30, 2009: 866,425,760 common shares, no par value. -
Qualitative and Quantitative Analysis of Siemens Ag
QUALITATIVE AND QUANTITATIVE ANALYSIS OF SIEMENS AG Authors (Universitat de Barcelona): Patrícia Amor Agut Clara Valls Moreno Gemma Casserras EDITOR: Jordi Marti Pidelaserra (Dpt. Comptabilitat, Universitat Barcelona) 1 Patrícia Amor 14961785 Clara Valls 14959906 Gemma Casserras 14965090 Alessandra Cortegiani (Bloc 3) 14991480 2 BLOC 1: SIEMENS AG BLOC 2: Risk Analysis BLOC 3: Profitability Analysis 3 BLOC 1 SIEMENS AG BASIC INFORMATION 4 Index 1. Introduction 2. Company History 3. Vision, Mission and Strategy 3.1. Vision 3.2. Mission 3.3. Strategy 4. Company Structure 4.1. Board of directors 4.2. Management by sector 5. Company Sectors 5.1. Energy Sector 5.2. Industry Sector 5.3. Healthcare Sector 5.4. Infrastructure and cities Sector 5.5. Financial Services 5.6. Other activities 5.7. Revenues importance 6. Shareholders 7. Stakeholders 8. Competitors 5 1. Introduction: Siemens AG is a German multinational engineering and electronics conglomerate company headquartered in Munich, Germany. It is the largest based in Europe. Founded to manufacture and install telegraphic systems, Germany-based Siemens AG has prospered and grown over 165 years to become a multifaceted electronics and electrical engineering enterprise, and one of the most international corporations in the world. Founded to manufacture and install telegraphic systems, Germany-based Siemens AG has prospered and grown over 165 years to become a multifaceted electronics and electrical engineering enterprise, and one of the most international corporations in the world. The Siemens name has been synonymous with cutting-edge technologies and continuous growth in profitability. With their wide array of products, systems and services, they are world leaders in information and communications, automation and control, power, medical solutions, transportation and lighting. -
Siemens AG Governance & Markets Investor Relations GM IR 2 Werner-Von-Siemens-Str
Dear Ladies and Gentlemen, We are very thankful for the possibility to introduce our viewpoints in the dialogue you have invited us to participate in. As a German Issuer, we are predominantly speaking for the German market with its highly developed and specific standards regarding share issuance request proposals. From our market perception, there is no particular need to reduce the applicable limit for general share issuances without preemptive rights from 20 percent to 10 percent in Germany, as there are no cases known to us where issuers have abused their authorizations to the disadvantage of their shareholders. As a general rule, issuers in Germany rely on § 186 para. 3 sentence 4 of the German Stock Corporation Act (AktG), where there is a clear legal limit of 10 percent for cash capital increases without preemptive rights. Should the existing, well balanced system be additionally burdened by different rules in the European Policy, there will be mismatches between the 10 percent proposed by ISS and the 10 percent as stated in the law, not least due to the fact that most issuers have various authorizations for different types of Authorized Capital and Conditional Capital (in Germany primarily used for the issuance of convertible and warrant bonds) in place that customarily are not proposed in one AGM but in different AGMs with different authorization periods applicable as a result. One example may highlight this: in 2015 we exchanged bond with warrant units issued in 2012 under an authorization of 2010 in order to substitute warrants relating to Siemens and Osram shares with new warrants exclusively relating to Siemens shares under an authorization of 2015. -
Joe Kaeser – Der Desintegrator
Denkzettel Nr. 66 managerismus Joe Kaeser – der Desintegrator Ein Rückblick auf sieben Jahre Siemens-CEO ____________________ Manfred Hoefle Wer eine Eloge auf den Abschied-nehmenden CEO lesen möchte, nimmt am besten mit dem Buch „Zukunft gestalten - Die Siemens-Unternehmer (1847-2018)“vorlieb; es könnte von Joe Kae- ser (himself) stammen. Nun geht es um eine andere Erzählung. Am 1. August 2013 löste er Peter Löscher, den ersten extern rekrutierten, fremdelnden Vor- standsvorsitzenden ab, der Siemens durch den Korruptionsskandal manövrierte, doch wenige geschäftliche Impulse setzte. Die Laufbahn von Joe Kaeser hatte ihren Anfang im Halbleiterge- schäft in Regensburg, führte nach Kalifornien, dann zur Zentralabteilung Finanzen, er rückte zum Bereichsvorstand von IC Mobile (ICM) auf, wurde 2004 Strategiechef unter dem amerikani- sierten Kurzzeit-CEO Klaus Kleinfeld, mit dem er bis heute im High Five-Stil verbunden blieb. 2006 war er Nachfolger des wegen Korruptionsvorwürfen zurückgetretenen Finanzchefs Heinz- Joachim Neubürger und erarbeitete sich bei Analysten einen guten Ruf. Die zur Schau getragene Loyalität Löscher gegenüber verflüchtigte sich. In einem Power Play unter dem ambivalenten Juristen und Aufsichtsratsvorsitzenden Gerhard Cromme war Joe Kaeser die allernächste Alter- native. Ihm wird nachgesagt, dass er zum richtigen Moment stets zur Stelle und im falschen bereits weg war. Das Amt trat Joe Kaeser mit dem Versprechen an: „Höchste Priorität ist nicht ein weiteres Rest- rukturierungsprogramm, sondern die Beruhigung des Unternehmens und die Stabilisierung der inneren Ordnung“. Die Euphorie war groß, dass einer mit 33 Jahren Stallgeruch und großer Hausmacht das Steuer übernimmt. ERMUTIGENDE ANKÜNDIGUNGEN Vision 2020 (von 2014) sollte zum neuen Leitstern am Siemens-Firmament werden. „Eine starke Mission, gelebte Eigentümerkultur, konsequente Strategie“ waren die Hauptpunkte des anste- henden Wandels. -
Siemens Hauptversammlung 3. Februar 2021
Siemens Hauptversammlung 3. Februar 2021 Statements von Winfried Mathes, Spezialist Corporate Governance bei Deka Investment: Ära Kaeser Die Ära Kaeser war für Siemens unter dem Strich positiv, auch wenn es einige Schönheitsfehler gab. Mit seinen Strategie-Programmen Vision 2020 und Vision 2020 plus hat Joe Kaeser das Gesicht von Siemens geliftet, ähnlich wie einst das „10-Punkte-Programm“ des ehemaligen Vorstandsvorsitzenden Heinrich von Pierer Ende der 90er Jahre. Mit der Vision 2020 wurden die Margen im industriellen Geschäft von 7,5 Prozent im Geschäftsjahr 2013 schnell auf 11 Prozent angehoben und die nervenaufreibenden Projektbelastungen nachhaltig und substanziell reduziert. Die Vision 2020 plus hat Siemens zu einem stärker fokussierten Unternehmen geformt. Jetzt ist es an Roland Busch, dem neu strukturierten Technologieunternehmen Siemens seinen eigenen Stempel aufzudrücken. Schönheitsfehler Als Aktionär kann man bemängeln, dass es in den letzten Jahren keine entscheidenden Margenverbesserungen im industriellen Geschäft mehr gab. Zudem ist das einst margenstarke Energiegeschäft von der schneller als erwartet fortschreitenden Wende zu einer kohlenstoffärmeren Energieerzeugung überrollt worden. Und die einst als Traum-Akquisition gepriesene Dresser-Rand entpuppte sich eher als schwarzes Schaf. Das Kalkül, Dresser-Rand als Türöffner für die Prozessautomatisierung und die Digitalisierung der Öl- und Gas-Industrie zu nutzen, ist nicht aufgegangen. Zur Dividende COVID-19 hat auch die Ertragssituation von Siemens nicht verschont. Erstmals seit Joe Kaesers Amtsantritt sind wir Aktionäre mit einer Dividendenkürzung konfrontiert. Da hilft auch die kryptische Erklärung seitens des CFO Thomas nicht weiter, die uns eine unveränderte Dividende zum Vorjahr glaubhaft machen soll. Allerdings ist zu hoffen, dass die zur diesjährigen regulären Dividende von 3,00 Euro gezahlte Zusatzdividende von 0,50 Euro im neuen Geschäftsjahr nicht unter den Tisch fällt. -
We Are on the Right Track for Ensuring Our Success
s »We have made great progress in »We are on the right track for networking our internal value ensuring our success as the chain electronically and in linking it to our customers, suppliers and Global network of innovation.« partners. This is enabling us to accelerate processes and cut costs.« Annual Report 2001 Annual s Annual Report 2001 Siemens Aktiengesellschaft Order No. A19100-F-V055-X-7600 Siemens Siemens is a network encompassing well over 400,000 people in 190 countries. information on contents for external orders We take pride in possessing in-depth knowledge of customers' requirements, the Telephone +49 89 636-33032 (Press Office) e-mail [email protected] expertise to create innovative solutions in electrical engineering and electronics, and +49 89 636-32474 (Investor Relations) Internet http://www.siemens.de/geschaeftsbericht_2001/order Fax +49 89 636-32825 (Press Office) Telephone +49 89 636-32910 the experience to successfully navigate even rough economic waters. But our greatest +49 89 636-32830 (Investor Relations) Fax +49 89 636-32908 e-mail [email protected] asset is undoubtedly our people, with their unparalleled motivation and their passion [email protected] for outperforming our competitors. Linked via a global network that enables them address for internal orders to exchange ideas with colleagues around the world, Siemens employees strive Siemens AG Wittelsbacherplatz 2 LZF, Fürth-Bislohe continuously to increase company value. D-80333 Munich Intranet http://c4bs.spls.de/ We at Siemens do not measure value solely in terms of short-term profitability. For Federal Republic of Germany Fax +49 911 654-4271 Internet http://www.siemens.com German Order no. -
Siemens Annual Report 2019
Annual Report 2019 siemens.com Table of contents A B C Combined Consolidated Additional Information Management Report Financial Statements A.1 p 2 B.1 p 76 C.1 p 150 Organization of the Siemens Group Consolidated Statements Responsibility Statement and basis of presentation of Income C.2 p 151 A.2 p 3 B.2 p 77 Independent Auditor ʼs Report Financial performance system Consolidated Statements of Comprehensive Income C.3 p 157 A.3 p 5 Report of the Supervisory Board Segment information B.3 p 78 Consolidated Statements C.4 p 162 A.4 p 16 of Financial Position Corporate Governance Results of operations B.4 p 79 C.5 p 174 A.5 p 19 Consolidated Statements Notes and forward- looking Net assets position of Cash Flows statements B.5 p 80 A.6 p 20 Financial position Consolidated Statements of Changes in Equity A.7 p 24 B.6 p 82 Overall assessment of the economic position Notes to Consolidated Financial Statements A.8 p 26 Report on expected developments and associated material opportunities and risks A.9 p 38 Siemens AG A.10 p 40 Compensation Report A.11 p 71 Takeover-relevant information Combined Management Report Pages 1 – 74 A.1 Organization of the Siemens Group and basis of pr esentation Siemens is a technology company that is active in nearly all coun- Non-financial matters of the Group tries of the world, focusing on the areas of automation and digi- and Siemens AG talization in the process and manufacturing industries, intelligent Siemens has policies for environmental, employee and social infrastructure for buildings and distributed energy systems, con- matters, for the respect of human rights, and anti-corruption and ventional and renewable power generation and power distribu- bribery matters, among others. -
Supervisory Board Members
318 Notes to Consolidated Financial Statements, Positions held by Supervisory Board members Supervisory Board Heinrich v. Pierer, Lothar Adler* Berthold Huber* Albrecht Schmidt, Prof. Dr. jur., Dr.-Ing. E. h. Chairman of the Combine Works Chairman, IG Metall Dr. jur., Dr. oec. publ. h. c. (until April 25, 2007) Council, Siemens AG Date of birth: February 15, 1950 Retired bank director Chairman Date of birth: February 22, 1949 Member since: July 1, 2004 Date of birth: March 13, 1938 Member since: January 23, 2003 Date of birth: January 26, 1941 External positions Member since: March 11, 1993 Member since: January 27, 2005 External positions Gerhard Bieletzki* German supervisory board positions: External positions (on April 25, 2007) Audi AG, Ingolstadt German supervisory board positions: Chairman of the Works Council German supervisory board positions: Münchener Rückversicherungs- of Siemens VDO Automotive AG, Deutsche Bank AG, Frankfurt/Main Walter Kröll, Prof. Dr. rer. nat. Gesellschaft AG, Munich Dortmund Hochtief AG, Essen Consultant Thyssen’sche Handelsgesellschaft m.b.H., Münchener Rückversicherungs- Date of birth: May 16, 1947 Mülheim/Ruhr Member since: January 23, 2003 Date of birth: May 30, 1938 Gesellschaft AG, Munich Member since: January 23, 2003 ThyssenKrupp AG, Düsseldorf Henning Schulte-Noelle, Dr. jur. John David Coombe External positions Volkswagen AG, Wolfsburg Chairman of the Supervisory Board, Chartered Accountant (FCA) German supervisory board positions: Allianz SE MTU Aero Engines GmbH, Munich Gerhard Cromme, Dr. jur. Date of birth: March 17, 1945 Date of birth: August 26, 1942 Wincor Nixdorf AG, Paderborn Chairman (since April 25, 2007) Member since: January 23, 2003 Member since: February 13, 1997 Date of birth: February 25, 1943 External positions Michael Mirow, Prof. -
Basutoland, Bechuanaland Protectorate, Swaziland
BASUTOLAND, BECHUANALAND PROTECTORATE, SWAZILAND. HIGH COMMISSIONER’S NOTICE No. 26 op 1941. It is hereby notified for general information that, under and by virtue of the powers vested in him, respectively, by sub-section (2) of section two of the Basutoland Trading- with the Enemf- Proclamation, 1939 (No. 50 of 1939), sub-section J2) of section two of the Bechuanaland Protectorate Trading with the Enemy Prodlamation, 1939 (No. 40 of 1939), and sub section (2) of section two of the Swaziland Trading with the Enemy Proclamation, 1939 (No. 52 of 1939), His Excellency the High Commissioner, with the approval of the Secretary of State, has been pleased to direct that each of th® persons specified in the Schedule hereto shall for the purposes of the said Proclamations be deemed to be an enemy within the meaning of those respective Proclamations during such period as this Notice shall in relation to such person remain in force. High Commissioner’s Notices Nos. 13, 50, 100, 133, 177 and 214 of 1940 are hereby cancelled. By Command of His Excellency the High Commissioner. H E. PRIESTMAN, Administrative Secretary. H igh Commissioner’ s Office, Cape Town, 29th January, 1941. SCHEDULE. Abeho Qxigeno Unde S.A., Barcelona. A.E.G . Compania Generala de Electricitate Spain. S.L. Romana, Calca Grivitei 3, Bucha Accumulatoren-Fabrik A. G. (Fabrica de rest. Roumania. Acumuladores S.A. Buenos Aires Branch), A.E.G . Electriciteits Mi], Batavia and Cangallo 2629. Buenos Aires, Argentina Soerabaya (Java), Netherlands East Accumuladores Varta do Brasil Ltda., Ave. Indies. Graca Aranha 49. Rio de Janeiro, Brazil. -
Corporate Responsibility Report 2006
Corporate Responsibility Report 2006 Facts, figures and other information on the 2006 fiscal year www.siemens.com/corporate_responsibility Corporate Responsibility Report 2006 Content Siemens in Profile We provide facts and figures on Siemens in fiscal 2006, including key performance figures and information on our business areas, our corporate structure, Siemens worldwide, markets and competition, and our portfolio. 4 Corporate Responsibility Strategy Corporate responsibility is one of the enablers in our new company program Fit4 2010 and has a high priority in our corporate strategy. 5 Our goals We have set ourselves clear goals in a number of key areas and will report regularly on our progress on achieving them. 6 Company We report here on corporate governance, compliance, suppliers, and risk management in fiscal 2006. 8 Environment This section presents facts and figures on product stewardship and industrial environmental protection and information on our reporting methodology and management system. Climate protection is among the key topics. 10 Society Besides key citizenship programs like Siemens Generation21 and Caring Hands, this section spotlights occupational health and safety at Siemens and provides facts and figures on our global workforce. 32 Evaluation and Reporting Approach In fiscal 2006, Siemens was again listed on major indices and received numerous awards. In this chapter we also publish the details of our reporting approach. 63 2 Preface Facts, figures and other information As a global business operating in over 190 countries, Siemens is influenced by a variety of cultures, religions, values and mentalities. In many countries, the company has been an integral part of the economy and society for decades. -
Annual Report
ANNUAL REPORT Gigaset Annual Report 2011 ! TABLE OF CONTENTS Executive Board interview 6 Dialog with resellers and customers 12 The Capital Market and the Gigaset Share 24 Corporate Governance 28 Report of the Supervisory Board 34 Combined Management Report 38 Consolidated Financial Statements of Gigaset AG 88 - Consolidated Income Statement 90 - Statement of Comprehensive Income 92 - Consolidated Statement of Financial Position 94 - Consolidated Statement of Changes in Equity 96 - Consolidated Cash Flow Statement 98 - Notes to the Consolidated Financial Statements 100 A. General Information and Presentation of the Consolidated Financial Statements 100 B. Summary of Principal Accounting and Valuation Methods 112 C. Notes on Financial Instruments 130 D. Notes to the Income Statement 147 E. Notes to the Balance Sheet 159 F. Other Information 191 Report of the Executive Board 220 Auditor‘s Report 221 Financial Calender 222 Imprint 223 List of Shareholdings 224 4 Gigaset Annual Report 2011 GIGASET AG 2011 ANNUAL REPORT Milestones in 2011 January zzGigaset AG sells its interest in Carl Froh to the management February zz100% of the shares of SM Electronic GmbH are taken over zzThe Company‘s new name, Gigaset AG, is recorded in the commercial register zzGigaset AG sells its interest in Oxxinova March zzDr. Alexander Blum is appointed to the Executive Board as CFO zzGigaset enters the enterprise customer market with telephone systems from the Gigaset pro series. zzInclusion of Gigaset AG in the TecDAX April zzWorld‘s first in fixed-line telephony. Gigaset launches handsfree clip for complete freedom of movement. June zzThe annual shareholders’ meeting of Gigaset AG elects Rudi Lamprecht and Susanne Klöß as two new members of the Supervisory Board zzRudi Lamprecht is voted Chairman of the Supervisory Board zzProf. -
Ceylon Government
• • '\ THE CEYLON GOVERNMENT No. 8,668-FRIDAY, OCTOBER II. I!MU. / — — — Published by Authority,-' PART I-GpfERALi ■’ • ; ‘ A • (Separate paging■ is given to each Part M order that it may. he filed separately.) ■ A . ■ ' ' t _ ' PAGE r PAGE Proclamations by the Governor •• 1598 Sales of Toll and, Other Rents . , .. — Appointments by the Governor " f . J1598 Trade Mark Notifications .. .. .. — Appointments, &c., of Registrars . ~ 1599 Municipal Council Notices - • . j. 1628 ,. / .. 1600 Government Notifications Local Government Notices .. 1630 Revenue and Expenditure Returns . ?i , ' --- ,f - Patents Notifications . .. 1632 Currency Commissioners’ Notices . / • • — “ Excise Ordinance ” Notice .. > _ Notices calling for Tenders . ,./ .. 1623 Unofficial Announcements . 1624 Notices to Mariners .. — . Miscellaneous Departmental Notices ^. .. 1625 Meteorological Returns . • • “ Road Committee Notices'.. / . Books registered under Ordinance No. 1 of 1885 . — / k PRINTED AT THE CEYLON GOVERNMENT. A^RESSr COLOMBt),; ... - 1597— rr-J. K, 98048-976 (10/40) \ . - . : - ■ / a i .... / ■ ■; ' • : , 1598 E abt I. (Gen era l)— CEYLON GOVERNMENT GAZETTE — Oct. 11, 1940 PROCLAMATIONS BY THE GOVERNOR Sc h ed u l e. L. D.—B 25/34 %■ - . M. i L -PH 30 A, portion of lot 14 in Forest Survey Prelim inary Plan 24 of Badullbkele -forest reserve subsequently surveyed 'and1 shown as , BY HIS EXCELLENCY THE’ GOVERNOR. lot 1 in Preliminary Plan A 664 ; containing in extent-2..roods and • ‘ . A P boclamation. ' 29 perches, situated in the village of Narangala in .Gangabada A . Ca ld eco tt. ' ? ’ . - ■ • . - pattuwa of Matara-District,-Southern Province. : Ye that by virtue of the powers .vested in me by section 5 (1) of the Cemeteries and Burials Ordinance (Chapter. 181), I, L. D.—B 40/34 .