Siemens Annual Report 2011, S.252-265
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Joint Spin-Off Report
This report is a non-binding convenience translation of the German-language original report, which is the legally relevant document under German law. Joint Spin-off Report of the Managing Boards of Siemens Aktiengesellschaft, Berlin and Munich, and OSRAM Licht AG, Munich, on the Spin-off of a Majority Participation in OSRAM pursuant to Section 127 sentence 1 German Transformation Act (Umwandlungsgesetz) I. Introduction ................................................................................................................ 11 II. Starting situation – The legal entities involved in the Spin-off and the Siemens Group prior to the Spin-off ....................................................................................... 14 1. Overview of the Siemens Group ................................................................................ 14 2. Siemens AG as the transferring entity...................................................................... 16 a) Registered office and fiscal year .................................................................... 16 b) Capital stock and shares ................................................................................ 16 c) Warrant bonds ................................................................................................ 16 d) Stock-based compensation programs and employee participation programs – authorization to purchase treasury shares .............................. 17 e) Shareholder structure and trading on the stock exchange ......................... 18 f) Managing -
Siemens Annual Report 2011
D.7.2 Managing Board Peter Löscher Roland Busch, Dr. rer. nat. Brigitte Ederer Joe Kaeser President and Chief Executive Officer, Date of birth: November 22, 1964 Date of birth: February 27, 1956 Date of birth: June 23, 1957 Siemens AG First appointed: April 1, 2011 First appointed: July 1, 2010 First appointed: May 1, 2006 Date of birth: September 17, 1957 Term expires: March 31, 2016 Term expires: June 30, 2015 Term expires: March 31, 2016 First appointed: July 1, 2007 External positions External positions External positions Term expires: March 31, 2017 Positions outside Germany: Positions outside Germany: German supervisory board positions: External positions Atos S.A., France Boehringer Ingelheim RCV GmbH, Allianz Deutschland AG, Munich German supervisory board positions: Company positions Austria Positions outside Germany: Münchener Rückversicherungs- Österreichische Industrieholding AG NXP Semiconductors B.V., Netherlands German supervisory board positions: (ÖIAG), Austria Gesellschaft Aktiengesellschaft OSRAM AG, Munich Company positions in München, Munich Company positions Positions outside Germany: German supervisory board positions: Positions outside Germany: Siemens Industry, Inc., USA Positions outside Germany: BSH Bosch und Siemens Hausgeräte TBG Limited, Malta Siemens Ltd., China Siemens Aktiengesellschaft GmbH, Munich (Chairman) Österreich, Austria (Chairman) Siemens Ltd., India (Chairwoman) OSRAM AG, Munich Siemens Pte. Ltd., Singapore Siemens France Holding S.A.S., France Siemens Holding S.p.A., Italy Positions outside -
Siemens Annual Report 2018
Annual Report 2018 siemens.com Table of contents . A B C Combined Management Report Consolidated Financial Statements Additional Information A.1 p 2 B.1 p 62 C.1 p 132 Organization of the Siemens Group Consolidated Statements Responsibility Statement and basis of presentation of Income C.2 p 133 A.2 p 3 B.2 p 63 Independent Auditor ʼs Report Financial performance system Consolidated Statements of Comprehensive Income C.3 p 139 A.3 p 6 Report of the Supervisory Board Segment information B.3 p 64 Consolidated Statements C.4 p 144 A.4 p 18 of Financial Position Corporate Governance Results of operations B.4 p 65 C.5 p 157 A.5 p 21 Consolidated Statements Notes and forward- looking Net assets position of Cash Flows statements B.5 p 66 A.6 p 22 Financial position Consolidated Statements of Changes in Equity A.7 p 26 B.6 p 68 Overall assessment of the economic position Notes to Consolidated Financial Statements A.8 p 28 Report on expected developments and associated material opportunities and risks A.9 p 40 Siemens AG A.10 p 43 Compensation Report A.11 p 57 Takeover-relevant information A. Combined Management Report A.1 Organization of the Siemens Group and basis of pr esentation Siemens is a technology company with core activities in the fields Non-financial matters of the Group of electrification, automation and digitalization and activities and Siemens AG in nearly all countries of the world. We are a leading supplier of Siemens has policies for environmental, employee and social power generation, power transmission and infrastructure solu- matters, for the respect of human rights, and anti-corruption and tions as well as automation, drive and software solutions for in- bribery matters, among others. -
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. -
Horns Rev 2 Offshore Wind Farm Main Suppliers and Partners
Horns Rev 2 Offshore Wind Farm Main suppliers and partners About Ørsted Ørsted has a vision of creating a world that runs entirely on green energy. Ørsted develops, builds and operates offshore wind farms, bioenergy plants and innovative solutions that convert waste into energy and supplies its customers with intelligent energy products. Ørsted has 5,600 employees and is headquartered in Denmark. Read more at orsted.com Energinet Owner of offshore substation and export cable Siemens Gamesa Renewable Energy Supplier of wind turbines Aarsleff/Bilfinger Berger J.V. I/S (Bladt Industries A/S) Supplier of foundations A2SEA A/S Supplier of vessels for installation of wind turbines and foundations Semco Maritime A/S Supplier of accommodation platform Nexans Deutschland Industries GmbH & Co. KG Supplier of cables Visser & Smit Hanab bv (Global Marine Systems Ltd.) Supplier of cable installation Port of Esbjerg Installation and service harbour Ørsted Horns Rev 2 Offshore Wind Farm Contact us Kraftværksvej 53, Skærbæk Fiskerihavnsgade 8 Tel. +45 99 55 11 11 7000 Fredericia 6700 Esbjerg [email protected] Denmark Denmark www.orsted.com Horns Rev 2 Offshore Wind Farm 7 We want a world that runs entirely on green energy 93 metres 114 metres Cable station Blåbjerg 68 metres Technical key data Wind turbine type Siemens Gamesa Renewable Weight, nacelle 80 tonnes Energy, SWT 2.3-93 Weight, tower 92 tonnes Number of wind turbines 91 Weight, foundation 150-200 tonnes Wind turbine capacity 2.3MW Total weight of each wind turbine approx 400 tonnes Total wind -
Sustainable Success Is Our Number One Priority
Sustainable success is our number one priority. s Annual Report 2002 BUSINESS EXCELLENCE For 155 years, the Siemens name has been synonymous with cutting- edge technologies and continuous growth in profitability. With our wide array of products, systems and services, we are world leaders in information and communications, automation and control, power, medical solutions, trans- portation and lighting. Sustainable success is our number one priority. Our activities focus on meeting the needs of our customers and creating value for our shareholders and employees. Our innovations Ð generated in our own lab- oratories and in cooperation with customers, business partners and universi- ties Ð are our greatest strength. Siemens’ global network of innovation is developing new products and services for a world that Ð while limited in resources Ð is boundless in possibilities. GLOBAL PRESENCE 12 Letter to our shareholders 38 Information for shareholders* 140 Supervisory Board 18 At a glance 40 Report of the Supervisory Board 142 Managing Board 20 Business areas 48 Management’s discussion and analysis 146 Financial calendar 32 Corporate governance 86 Consolidated financial statements Corporate structure** * with separate table of contents ** see fold-out inside back cover financial highlights (in millions of euros) 2002(1) 2001(1) 2000(1) New orders 86,214 92,528 83,426 Net sales 84,016 87,000 77,484 Net income 2,597 2,088 8,860 Net cash provided by operating activities 5,564 7,016 6,154 Net cash used in investing activities (810) (5,886) (435) Research and development expenses 5,819 6,782 5,848 Shareholders’ equity (September 30) 23,521 23,812 28,480 Employees (September 30, in thousands) 426 484 448 FINANCIAL (1) Fiscal year (October 1 Ð September 30) INTEGRITY CORPORATE RESPONSIBILITY 4 Business excellence At Siemens, we view innovation as To ensure that our businesses are world the key to entrepreneurial success. -
Siemens Annual Report 2020
Annual Report 2020 Table of A. contents Combined Management Report A.1 Organization of the Siemens Group and basis of presentation 2 A.2 Financial performance system 3 A.3 Segment information 6 A.4 Results of operations 18 A.5 Net assets position 22 A.6 Financial position 23 A.7 Overall assessment of the economic position 27 A.8 Report on expected developments and as sociated material opportunities and risks 29 A.9 Siemens AG 46 A.10 Compensation Report 50 A.11 Takeover-relevant information 82 B. Consolidated Financial Statements B.1 Consolidated Statements of Income 88 B.2 Consolidated Statements of Comprehensive Income 89 B.3 Consolidated Statements of Financial Position 90 B.4 Consolidated Statements of Cash Flows 92 B.5 Consolidated Statements of Changes in Equity 94 B.6 Notes to Consolidated Financial Statements 96 C. Additional Information C.1 Responsibility Statement 166 C.2 Independent Auditor ʼs Report 167 C.3 Report of the Super visory Board 176 C.4 Corporate Governance 184 C.5 Notes and forward-looking s tatements 199 PAGES 1 – 86 A. Combined Management Report Combined Management Report A.1 Organization of the Siemens Group and basis of presentation A.1 Organization of the Siemens Group and basis of presentation Siemens is a technology company that is active in nearly all Reconciliation to Consolidated Financial Statements is countries of the world, focusing on the areas of automation Siemens Advanta, formerly Siemens IoT Services, a stra- and digitalization in the process and manufacturing indus- tegic advisor and implementation partner in digital trans- tries, intelligent infrastructure for buildings and distributed formation and industrial internet of things (IIoT). -
Assessment of Vessel Requirements for the U.S. Offshore Wind Sector
Assessment of Vessel Requirements for the U.S. Offshore Wind Sector Prepared for the Department of Energy as subtopic 5.2 of the U.S. Offshore Wind: Removing Market Barriers Grant Opportunity 24th September 2013 Disclaimer This Report is being disseminated by the Department of Energy. As such, the document was prepared in compliance with Section 515 of the Treasury and General Government Appropriations Act for Fiscal Year 2001 (Public Law 106-554) and information quality guidelines issued by the Department of Energy. Though this Report does not constitute “influential” information, as that term is defined in DOE’s information quality guidelines or the Office of Management and Budget's Information Quality Bulletin for Peer Review (Bulletin), the study was reviewed both internally and externally prior to publication. For purposes of external review, the study and this final Report benefited from the advice and comments of offshore wind industry stakeholders. A series of project-specific workshops at which study findings were presented for critical review included qualified representatives from private corporations, national laboratories, and universities. Acknowledgements Preparing a report of this scope represented a year-long effort with the assistance of many people from government, the consulting sector, the offshore wind industry and our own consortium members. We would like to thank our friends and colleagues at Navigant and Garrad Hassan for their collaboration and input into our thinking and modeling. We would especially like to thank the team at the National Renewable Energy Laboratory (NREL) who prepared many of the detailed, technical analyses which underpinned much of our own subsequent modeling. -
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. -
Siemens Annual Report 2015, List of Subsidiaries and Associated
NOTE 34 List of subsidiaries and associated Equity interest companies pursuant to Section 313 September 30, 2015 in % para. 2 of the German Commercial Code Partikeltherapiezentrum Kiel Holding GmbH, Erlangen 100 11 Project Ventures Butendiek Holding GmbH, Erlangen 100 11 Projektbau-Arena-Berlin GmbH, Grünwald 100 11 R & S Restaurant Services GmbH, Munich 100 Equity interest September 30, 2015 in % REMECH Systemtechnik GmbH, Kamsdorf 100 11 Subsidiaries RHG Vermögensverwaltung GmbH, Berlin 100 Germany (113 companies) RISICOM Rückversicherung AG, Grünwald 100 Airport Munich Logistics and Services GmbH, Hallbergmoos 100 Samtech Deutschland GmbH, Hamburg 100 Alpha Verteilertechnik GmbH, Cham 100 11 Siemens Bank GmbH, Munich 100 Anlagen- und Rohrleitungsbau Ratingen GmbH, Ratingen 100 8 Siemens Beteiligungen Inland GmbH, Munich 100 11 Atecs Mannesmann GmbH, Erlangen 100 Siemens Beteiligungen Management GmbH, Grünwald 100 8 AXIT GmbH, Frankenthal 100 Siemens Beteiligungen USA GmbH, Berlin 100 11 Berliner Vermögensverwaltung GmbH, Berlin 100 11 Siemens Beteiligungsverwaltung GmbH & Co. OHG, Grünwald 100 10 BWI Services GmbH, Meckenheim 100 11 Siemens Campus Erlangen Grundstücks-GmbH & Co. KG, CAPTA Grundstücksgesellschaft mbH & Co. KG i.L., Grünwald 100 10 Grünwald 100 10 Capta Grundstücks-Verwaltungsgesellschaft mbH, Grünwald 100 Siemens Campus Erlangen Objekt 1 GmbH & Co. KG, Grünwald 100 10 DA Creative GmbH, Munich 100 Siemens Campus Erlangen Objekt 2 GmbH & Co. KG, Grünwald 100 10 Dade Behring Beteiligungs GmbH, Eschborn 100 Siemens Campus Erlangen Objekt 3 GmbH & Co. KG, Grünwald 100 10 Dade Behring Grundstücks GmbH, Marburg 100 Siemens Campus Erlangen Objekt 4 GmbH & Co. KG, Grünwald 100 10 D-R Holdings (Germany) GmbH, Oberhausen 100 Siemens Campus Erlangen Objekt 5 GmbH & Co.