NOTE 42 List of subsidiaries and associated companies pursuant to Section 313 para. 2 of the German Commercial Code Equity interest in % September 30, 2012 Equity interest in % KompTime GmbH, Munich Kyros A AG, Munich Lincas Electro Vertriebsgesellschaft mbH, Hamburg LINCAS Export Services GmbH, Hamburg Mannesmann Demag Krauss-Maffei GmbH, Munich Mechanik Center Erlangen GmbH, Erlangen messMa GmbH, Irxleben 100 10 100 100 100 10 100 100 100 100 9 100 100 100 100 10 100 7 100 100 100 100 10 100 10 100 100 7 100 100 100 100 10 100 7 100 10 100 9 100 100 10 100 10 100 10 100 9 100 7 100 7 September 30, 2012 Subsidiaries Germany (133 companies) Airport Munich Logistics and Services GmbH, Hallbergmoos Alpha Verteilertechnik GmbH, Cham Anlagen- und Rohrleitungsbau Ratingen GmbH, Ratingen AS AUDIO-SERVICE Gesellschaft mit beschränkter Haftung, Herford Atecs Mannesmann GmbH, Erlangen Atecs Mannesmann Unterstützungskasse GmbH, Mülheim a. d. Ruhr Berliner Vermögensverwaltung GmbH, Berlin BWI Services GmbH, Meckenheim CAPTA Grundstücksgesellschaft mbH & Co. KG, Grünwald CAPTA Grundstücks-Verwaltungsgesellschaft mbH, Grünwald DA Creative GmbH, Munich Dade Behring Beteiligungs GmbH, Eschborn Dade Behring Grundstücks GmbH, Marburg DPC Holding GmbH, Eschborn EDI – USS Umsatzsteuersammelrechnungen und Signaturen GmbH & Co. KG, Munich EDI – USS Verwaltungsgesellschaft mbH, Munich ELIN Energietechnik GmbH, Berlin evosoft GmbH, Nuremberg FACTA Grundstücks-Entwicklungs- und Verwaltungs gesellschaft mbH, Munich FACTA Grundstücks-Entwicklungsgesellschaft mbH & Co. KG, Munich HanseCom Gesellschaft für Informations- und Kommunikationsdienstleistungen mbH, Hamburg HSP Hochspannungsgeräte GmbH, Troisdorf IBS Aktiengesellschaft excellence, collaboration, manufacturing, Höhr-Grenzhausen IBS Business Consulting GmbH, Höhr-Grenzhausen IBS SINIC GmbH, Neu-Anspach ILLIT Grundstücks-Verwaltungsgesellschaft mbH & Co. KG i.L., Grünwald ILLIT Grundstücksverwaltungs-Management GmbH, Grünwald Immosuisse GmbH Immobilien Management i.L., Berlin IPGD Grundstücksverwaltungs-Gesellschaft mbH, Munich Jawa Power Holding GmbH, Erlangen 1 Control due to a majority of voting rights. 2 Control due to contractual arrangements. 3 Control due to economic circumstances. 4 No control due to contractual arrangements or legal circumstances. 5 No significant influence due to contractual arrangements or legal circumstances. 100 100 10 100 100 100 100 7 7 OPTIO Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Tübingen KG, Grünwald OSRAM AG, Munich OSRAM Beteiligungen GmbH, Munich OSRAM Opto Semiconductors GmbH, Regensburg Partikeltherapiezentrum Kiel Holding GmbH, Erlangen PETscape GmbH, Erlangen Projektbau-Arena-Berlin GmbH, Munich R & S Restaurant Services GmbH, Munich Radium Lampenwerk Gesellschaft mbH, Wipperfürth REMECH Systemtechnik GmbH, Kamsdorf RHG Vermögensverwaltung GmbH, Berlin RISICOM Rückversicherung AG, Grünwald RITOS GmbH, Mömbris RuggedCom Deutschland GmbH, Leinfelden-Echterdingen Siemens Audiologische Technik GmbH, Erlangen Siemens Bank GmbH, Munich Siemens Beteiligungen Inland GmbH, Munich Siemens Beteiligungen Management GmbH, Grünwald Siemens Beteiligungen USA GmbH, Munich Siemens Beteiligungsverwaltung GmbH & Co. OHG, Grünwald Siemens Building Technologies Holding GmbH, Grünwald Siemens Energy Automation GmbH, Erlangen Siemens Finance & Leasing GmbH, Munich Siemens Financial Services GmbH, Munich Siemens Fuel Gasification Technology GmbH & Co. KG, Freiberg 100 10 100 10 100 9 100 100 100 100 100 100 9 100 7 100 100 10 100 7 100 9 74 100 81 100 100 100 9 85 100 100 100 10 10 Siemens Fuel Gasification Technology Verwaltungs GmbH, Freiberg Siemens Global Innovation Partners Management GmbH, Munich Siemens Grundstücksmanagementgesellschaft mbH & Co. OHG, Grünwald Siemens Gusstechnik GmbH, Chemnitz Siemens Healthcare Diagnostics GmbH, Eschborn Siemens Healthcare Diagnostics Holding GmbH, Eschborn Siemens Healthcare Diagnostics Products GmbH, Marburg Siemens Immobilien Chemnitz-Voerde GmbH, Grünwald 6 Significant influence due to contractual arrangements or legal circumstances. 7 Not consolidated due to immateriality. 8 Not accounted for using the equity method due to immateriality. 9 Exemption pursuant to Section 264 b, HGB. 10 Exemption pursuant to Section 264 (3) HGB. 100 9 100 10 100 100 100 100 10 135 D. Consolidated Financial Statements 140 D.5 Consolidated Statements of Changes in Equity 142 D.6 Notes to Consolidated Financial Statements 232 D.7 Supervisory Board and Managing Board 239 E. Additional Information 219 136 D.1 Consolidated Statements of Income 137 D.2 Consolidated Statements of Comprehensive Income 138 D.3 Consolidated Statements of Financial Position 139 D.4 Consolidated Statements of Cash Flow Erlangen TGB Technisches Gemeinschaftsbüro GmbH. 8 Not accounted for using the equity method due to immateriality. Vienna / Austria Siemens Convergence Creators GmbH. KG i. KG. Munich SKAG Fonds S8. 4 No control due to contractual arrangements or legal circumstances. Kassel TLT-Turbo GmbH. KG. Linz / Austria ITH icoserve technology for healthcare GmbH. Munich SIMAR Nordost Grundstücks-GmbH. Willstätt-Legelshurst Siemens Venture Capital GmbH. Linz / Austria SIELOG Systemlogik GmbH.und Systementwicklung GmbH. Eschborn VVK Versicherungsvermittlungs. Grünwald Siemens Spezial-Investmentaktiengesellschaft mit TGV. Munich Siemens Technopark Berlin GmbH & Co. Grünwald SIMAR West Grundstücks-GmbH. Munich SKAG Principals. Zwönitz Siemens Kapitalanlagegesellschaft mbH. Vienna / Austria 6 Significant influence due to contractual arrangements or legal circumstances. Gummersbach SVM Star Ventures Managementgesellschaft mbH Nr. Munich Siemens Technology Accelerator GmbH. Grünwald Siemens Technopark Nürnberg GmbH & Co. Traunreut 1 Control due to a majority of voting rights. Munich SYKATEC Systeme. KG. 3 Control due to economic circumstances. Grundstücksverwaltungs. Grünwald Siemens Treasury GmbH.und Systementwicklung GmbH & Co. 9 Exemption pursuant to Section 264 b. Vienna / Austria Siemens Aktiengesellschaft Österreich. Grünwald SIMAR Süd Grundstücks-GmbH. Munich SIM 16. KG. Beteiligungs KG Nr. Vienna / Austria Landis & Staefa GmbH. OHG. Munich Steinmüller Engineering GmbH. Innsbruck / Austria KDAG Beteiligungen GmbH. 100 100 100 100 100 60 99 3 99 3 99 3 100 10 100 100 10 100 100 10 100 51 100 94 3 100 10 100 100 10 100 10 100 7 100 9 100 10 100 9 100 7 100 100 10 100 9 100 7 100 9 100 7 100 9 100 100 10 100 10 100 100 10 100 10 100 100 9 100 9 100 100 100 100 100 100 10 100 100 100 100 100 100 100 69 100 100 100 100 76 100 100 100 7 100 5 No significant influence due to contractual arrangements or legal circumstances. Langen Siemens Private Finance Versicherungs. 2012 Equity interest in % September 30. Berlin Siemens Technopark Mülheim GmbH & Co. Erlangen Siemens Nixdorf Informationssysteme GmbH. Schweinfurt Winergy AG. Beteiligungs KG Nr. Traunreut Siteco Beleuchtungstechnik GmbH. Munich Siteco Auslandsholding GmbH. Munich Siemens Turbomachinery Equipment GmbH. Paderborn Trench Germany GmbH. 3. Penig Siemens Industriepark Karlsruhe GmbH & Co. Zweibrücken Traxon Technologies Europe GmbH. Eisenstadt / Austria Siemens Convergence Creators GmbH. HGB. KG. Beteiligungs KG Nr. Grünwald SIMOS Real Estate GmbH. Frankenthal Siemens VAI Metals Technologies GmbH. Immobilien KG. Berlin Siemens Technopark Berlin Verwaltungs GmbH. 100 10 100 9 100 10 100 9 100 100 9 100 7 100 10 100 100 100 10 Siteco Lighting GmbH. Munich Siemens Wind Power GmbH. Komponenten. Hamburg Siemens Project Ventures GmbH. Anwendungstechnologie GmbH. Munich Siemens Industry Software GmbH & Co. Grünwald Siemens Technopark Nürnberg Verwaltungs GmbH. Munich VMZ Berlin Betreibergesellschaft mbH.und Kapital anlagenvermittlungs-GmbH. Voerde Europe (without Germany) (247 companies) ComBuild Kommunikations- & Gebäudetechnologie GmbH. Vienna / Austria IBS engineering consulting software GmbH. Grünwald SIMAR Nordwest Grundstücks-GmbH. Munich SVM Star Ventures Managementgesellschaft mbH Nr. Eisenstadt / Austria Hochquellstrom-Vertriebs GmbH. KG. Munich Siemens Medical Solutions Health Services GmbH. Vienna / Austria ETM professional control GmbH. Bremen SILLIT Grundstücks-Verwaltungsgesellschaft mbH. 2 Control due to contractual arrangements. Grünwald Siemens Power Control GmbH. Zwönitz Siemens Insulation Center Verwaltungs-GmbH. Combined Management Report 220 . 3 & Co. To our Shareholders 21 B. Vienna / Austria Saudi VOEST-ALPINE GmbH. 2012 Equity interest in % Siemens Industriegetriebe GmbH. Munich Weiss Spindeltechnologie GmbH. KG. Grünwald SIMAR Ost Grundstücks-GmbH. Vienna / Austria Landis & Staefa (Österreich) GmbH. Grünwald Siemens Real Estate Management GmbH.L. 7 Not consolidated due to immateriality. Vienna / Austria Siemens Convergence Creators Holding GmbH. 10 Exemption pursuant to Section 264 (3) HGB.. Grünwald Siemens Technopark Mülheim Verwaltungs GmbH. Munich SKAG Fonds S7. Grünwald Siemens Industry Automation Holding AG. Cologne Siemens Industry Software Management GmbH. Munich SIM 2. 4. Munich Siemens Programm. Berlin VR-LEASING IKANA GmbH & Co. Munich sinius GmbH. 1 A.und Verkehrskontor GmbH. Corporate Governance 49 C. Grundstücks-GmbH & Co. Traunreut SKAG Fonds C1. Bamberg Turbine Airfoil Coating and Repair GmbH.und -beteiligungsGmbH & Co. KG. Munich SVM Star Ventures Managementgesellschaft mbH Nr. 3 & Co. 2. 3 & Co. Cologne Siemens Insulation Center GmbH & Co. Hamburg Siemens Programm.September 30. Erlangen Siemens Real Estate GmbH & Co. Berlin VIB Verkehrsinformationsagentur Bayern GmbH. ..A. 2 Control due to contractual arrangements.r. Buckinghamshire / Great Britain Electrium Sales Limited. 3 Control due to economic circumstances.. Brussels / Belgium Siemens Healthcare Diagnostics Services Sprl. Illkirch-Graffenstaden / France OSRAM S.1 Consolidated Statements of Income 137 D. Vienna / Austria Siemens Mitarbeitervorsorgekasse AG. Sarajevo / Bosnia and Herzegovina OSRAM EOOD. Prague / Czech Republic Siemens Convergence Creators.o.o. Surrey / Great Britain OSRAM Ltd. Vienna / Austria Siemens Industry Software GmbH. Surrey / Great Britain Sea Generation (Wales) Ltd.o. Prague / Czech Republic 1 Control due to a majority of voting rights. Espoo / Finland Siemens Osakeyhtiö. Bruntál / Czech Republic Siemens Audiologická Technika s. Eupen / Belgium VRcontext International S. Kelly Security Holding Limited.m. Sofia / Bulgaria Security Management Technologies Bulgaria EOOD. Surrey / Great Britain Sea Generation (Kyle Rhea) Limited. Gibraltar / Gibraltar Broadcastle Bank Limited.. Surrey / Great Britain Marine Current Turbines Limited. Grenoble / France Siemens VAI Metals Technologies SAS. Vienna / Austria Siemens Urban Rail Technologies Holding GmbH. Surrey / Great Britain Sea Generation Limited.. Frimley. Surrey / Great Britain eMeter International Limited. Frimley. Consolidated Financial Statements 140 D. Anderlecht / Belgium Siemens Product Lifecycle Management Software II (BE) BVBA. Saint-Denis / France Siemens Industry Software SAS. spol. Stoke Poges.. 7 Not consolidated due to immateriality. 2012 Equity interest in % September 30. Sofia / Bulgaria DPC d.3 Consolidated Statements of Financial Position 139 D. / N. 4 No control due to contractual arrangements or legal circumstances. Frimley. 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 5 No significant influence due to contractual arrangements or legal circumstances.A.U. s. Sarajevo.S.r.S.A.. Zagreb / Croatia Siemens d. Saint-Denis / France Siemens Transmission & Distribution SAS.A. Zagreb / Croatia Koncar Power Transformers Ltd. Prague / Czech Republic OEZ s. Saint-Denis / France Siemens Healthcare Diagnostics S. Graz / Austria Trench Austria GmbH.. Brande / Denmark OY OSRAM AB. 2012 Equity interest in % Siemens Gebäudemanagement & -Services G.o. Banja Luka / Bosnia and Herzegovina Siemens d. HGB. Allerød / Denmark Siemens Wind Power A / S. 9 Exemption pursuant to Section 264 b. Vienna / Austria Oktopus S. – u likvidaciji.b.o.. Molsheim / France PETNET Solutions SAS. Saint-Denis / France Siemens Audiologie S. Linz / Austria Siemens Konzernbeteiligungen GmbH.und Verkehrs-Kontor GmbH.o.o. Anderlecht / Belgium Siteco Lighting Benelux BVBA.2 Consolidated Statements of Comprehensive Income 138 D.o. Prague / Czech Republic Siteco Lighting. s r. Reading. 8 Not accounted for using the equity method due to immateriality.o. Anderlecht / Belgium Siemens S.o.. Zagreb / Croatia J. Brussels / Belgium Siemens Industry Software NV. Larnaka / Cyprus ANF DATA spol. 135 D. Sofia / Bulgaria Siemens EOOD. Siemens Electric Machines s. Copenhagen / Denmark Siemens Industry Software A / S. Frimley.A.A.r. Additional Information 221 136 D.A.o. Vélizy-Villacoublay / France Siemens Lease Services SAS. Frimley.o.A. Ballerup / Denmark Siemens Höreapparater A / S. Taastrup / Denmark Siemens A / S.. Savigneux / France Trench France S. Zagreb / Croatia OSRAM d. Langley..r. Saint-Denis / France Siemens France Holding... Mostar / Bosnia and Herzegovina Siemens d. Frimley. Saint-Denis / France Siemens S.7 Supervisory Board and Managing Board 239 E. 10 Exemption pursuant to Section 264 (3) HGB. Leonding / Austria VVK Versicherungs-Vermittlungs. Linz / Austria Siteco Lighting Austria GmbH. Berkshire / Great Britain OSRAM UK Pension Scheme Limited. Frimley. Larnaka / Cyprus Kintec Cyprus Ltd.. s r.. Saint-Denis / France Siemens Financial Services SAS. / N.. Saint-Louis / France Tecnomatix Technologies (Gibraltar) Limited.6 Notes to Consolidated Financial Statements 232 D. Brussels / Belgium OSRAM d.5 Consolidated Statements of Changes in Equity 142 D..September 30. Buckinghamshire / Great Britain Broadcastle Ltd.S.o. Vienna / Austria Siemens Healthcare Diagnostics GmbH.o.d. s. Stoke Poges. Frimley. Drasov / Czech Republic 100 100 100 100 100 100 100 100 100 100 100 100 52 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 7 51 100 98 100 100 100 100 100 100 100 Siemens Industry Software.o..o.V.S..4 Consolidated Statements of Cash Flow . Vienna / Austria Siemens Pensionskasse AG. Berkshire / Great Britain Sea Generation (Brough Ness) Limited.o. Prague / Czech Republic OSRAM A / S. Berkshire / Great Britain GyM Renewables Limited. Prague / Czech Republic Siemens.. Vienna / Austria Siemens Personaldienstleistungen GmbH. Surrey / Great Britain 6 Significant influence due to contractual arrangements or legal circumstances.V.. Vienna / Austria Steiermärkische Medizinarchiv GesmbH.. N. Vienna / Austria Siemens VAI Metals Technologies GmbH. Espoo / Finland Flender-Graffenstaden SAS. Vienna / Austria Siemens Liegenschaftsverwaltung GmbH..H. Ballerup / Denmark Siemens Healthcare Diagnostics ApS. Brussels / Belgium Siemens Healthcare Diagnostics SA.. Surrey / Great Britain GyM Renewables ONE Limited.S. Langley.o. Espoo / Finland Siemens Healthcare Diagnostics OY.r. Vienna / Austria Siteco Österreich GmbH. Letohrad / Czech Republic OSRAM Ceská republika s. s.r.o..r. I. 7 Not consolidated due to immateriality.V. Frimley. – Società Riunite OSRAM Edison Clerici. Luxembourg / Luxembourg Siemens d. Hengelo / Netherlands NEM Standard Fasel Manufacturing B. Banbury. Dublin / Ireland Siemens Limited. The Hague / Netherlands Siemens Healthcare Diagnostics B. Capelle aan den IJssel / Netherlands Powerspex Instrumentation B. Milan / Italy Siemens S. Budapest / Hungary Siemens Zrt. Frimley...A.. Frimley.p..V.. Frimley. Athens / Greece evosoft Hungary Szamitastechnikai Kft.V. Tyne & Wear / Great Britain Tronic Ltd.... Stoke Poges. The Hague / Netherlands Siemens Medical Solutions Diagnostics Holding I B. Surrey / Great Britain Siemens Protection Devices Limited.. Surrey / Great Britain Siemens Transmission & Distribution Limited..p... Frimley. Swords.. Frimley. Frimley. Dublin / Ireland 1 Control due to a majority of voting rights.. Surrey / Great Britain Siemens Industry Software Limited. Budapest / Hungary Europlex Technologies (Ireland) Limited. Podgorica / Montenegro NEM Energy B. Surrey / Great Britain Siemens Real Estate Ltd. Budapest / Hungary Siemens PSE Program. The Hague / Netherlands Siemens Finance B.. Milan / Italy Siemens Transformers S. in Liquidazione. Frimley.. Elektrotechnische Projekte und Erzeugnisse. 1 A. Mornago / Italy OSRAM S.L. The Hague / Netherlands Siemens Nederland N... Surrey / Great Britain Siemens plc. Swords.V.A... Surrey / Great Britain VA Tech Reyrolle Distribution Ltd.és Rendszerfejlesztö Kft..l. The Hague / Netherlands Siemens Gas Turbine Technologies Holding B.V.V.V. Milan / Italy Siemens Healthcare Diagnostics S...l. Oxfordshire / Great Britain Kintec A. Frimley. Leiden / Netherlands NEM Energy Holding B. Athens / Greece Siemens Healthcare Diagnostics ABEE.. Co. Marnate / Italy Siteco Lighting Systems S. Dublin / Ireland Siemens Medical Solutions Diagnostics Europe Limited. Athens / Greece OSRAM A.r. Milan / Italy Siemens Hearing Instruments Italy S.V.. Frimley. Frimley. 100 100 7 100 100 51 100 100 100 100 100 100 100 100 100 100 100 81 100 100 100 100 100 100 100 100 100 100 100 100 100 100 65 100 100 100 100 100 51 5 No significant influence due to contractual arrangements or legal circumstances.E. 2012 Equity interest in % September 30. 4 No control due to contractual arrangements or legal circumstances. The Hague / Netherlands Siemens Train Technologies Holding B.... The Hague / Netherlands Siemens Financieringsmaatschappij N.. Dublin / Ireland HV-Turbo Italia S.V.. Stockport / Great Britain Trench (UK) Ltd. s-Hertogenbosch / Netherlands Siemens International Holding B.r.l. Surrey / Great Britain Siemens Healthcare Diagnostics Products Ltd.r.A..p. The Hague / Netherlands 6 Significant influence due to contractual arrangements or legal circumstances..A. Budapest / Hungary Siemens Audiológiai Technika Kereskedelmi és Szolgáltató Korlátolt Felelösségü Társaság. Sheffield. Milan / Italy Siemens Industry Software S.. Kaunas / Lithuania Tecnomatix Technologies SARL. 10 Exemption pursuant to Section 264 (3) HGB.V. Surrey / Great Britain Siemens Healthcare Diagnostics Manufacturing Ltd.. Surrey / Great Britain Siemens VAI Metals Technologies Limited. Trento / Italy Siemens VAI Metals Technologies S. Buckinghamshire / Great Britain Siemens Financial Services Ltd.. Hengelo / Netherlands NEM Standard Fasel Tools 4 Rent B.V. The Hague / Netherlands NEM Energy Services B. Sussex / Great Britain Siemens Holdings plc.September 30.. 9 Exemption pursuant to Section 264 b. Stoke Poges. Turin / Italy UAB IBS Baltic.V. HGB. iMetrex Technologies Limited.A.o..V.o.E. Combined Management Report 222 . Surrey / Great Britain VA TECH (UK) Ltd. The Hague / Netherlands Siemens Diagnostics Holding II B.. South Yorkshire / Great Britain Siteco Ltd.V. Luxembourg / Luxembourg TFM International S.l.. Buckinghamshire / Great Britain Siemens Healthcare Diagnostics Ltd. Hengelo / Netherlands Siemens Audiologie Techniek B.V. Co.r.r. Surrey / Great Britain Siemens Industrial Turbomachinery Ltd. 2 Control due to contractual arrangements. To our Shareholders 21 B.V. Hengelo / Netherlands OSRAM Benelux B. Podgorica. Amersfoort / Netherlands Siemens Industry Software B. Milan / Italy Trench Italia S.p. Surrey / Great Britain Siemens Hearing Instruments Ltd.p... Surrey / Great Britain VA TECH T & D UK Ltd. 3 Control due to economic circumstances..V.l..A.r. Surrey / Great Britain VTW Anlagen UK Ltd. Hebburn. Milan / Italy Siemens Renting S.. Dublin / Ireland 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 Siemens Healthcare Diagnostics Manufacturing Limited.r. Corporate Governance 49 C..V. i. Crawley. Frimley.l.. 8 Not accounted for using the equity method due to immateriality. 2012 Equity interest in % Siemens Financial Services Holdings Ltd.. Frimley. Frimley. Savona / Italy TurboCare S.E. Athens / Greece Siemens A. Warsaw / Poland Siemens Finance Sp. Oslo / Norway Audio SAT Sp.September 30.L. Additional Information 223 136 D. s r.o. 8 Not accounted for using the equity method due to immateriality.o. Finspong / Sweden Siemens Industry Software AB.. Madrid / Spain Siemens Industry Software S. Perm / Russian Federation OOO Siemens. s.. Moscow / Russian Federation OOO Russian Turbo Machinery. Lubliniec / Poland TurboCare Sp. Zurich / Switzerland Siemens Industry Software AG. S. z o. Brasov / Romania Siemens S.o. Moscow / Russian Federation Siemens Research Center Limited Liability Company.L..o.o.. Wroclaw / Poland OSRAM Empresa de Aparelhagem Eléctrica Lda.. Zurich / Switzerland Siemens Power Holding AG. HGB. Warsaw / Poland TurboCare Poland Spólka Akcyjna. Verkhnyaya Pyshma / Russian Federation OOO Siemens Transformers. S. Madrid / Spain Siemens S. Electrónica y Conmutación S.. Bratislava / Slovakia Siemens s.o. z o. Beograd.7 Supervisory Board and Managing Board 239 E.o.A.o.L.r. Stockholm / Sweden Siemens AB. Belgrade / Serbia OEZ Slovakia.. Barcelona / Spain OSRAM S.V..o. z o. S..U.r. z o.s. Södertälje / Sweden Siemens Industrial Turbomachinery AB. Warsaw / Poland Siemens Industry Software Sp. Oslo / Norway Siemens Höreapparater AS. Sociedad Unipersonal. Moscow / Russian Federation OOO Siteco. z o. Bratislava / Slovakia Siemens d. Lysaker / Norway Poseidon Consulting Services AS.. Amadora / Portugal OSRAM Romania S.o. Stavanger / Norway Siemens AS.. Voluntari / Romania SIEMENS (AUSTRIA) PROIECT SPITAL COLTEA SRL.L.o.L.. Hengelo / Netherlands Matre Instruments AS. Bern / Switzerland 6 Significant influence due to contractual arrangements or legal circumstances.R. Nové Zámky / Slovakia SAT Systémy automatizacnej techniky spol.L. Novoe Devyatkino / Russian Federation OOO Siemens High Voltage Products.4 Consolidated Statements of Cash Flow . Amadora / Portugal Siemens S.o. Düdingen / Switzerland Huba Control AG.o.L.V. 2 Control due to contractual arrangements.o. Ljubljana / Slovenia Siteco Sistemi d. Petersburg / Russian Federation 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 80 100 100 100 100 100 100 100 100 99 100 100 51 100 100 100 100 100 100 100 Siemens Finance LLC.. Madrid / Spain Siemens Fire & Security Products. Moscow / Russian Federation OOO Siemens Gas Turbine Technologies.A.A.L. Madrid / Spain Petnet Soluciones. a. Bratislava / Slovakia Siemens Program and System Engineering s. z o. 9 Exemption pursuant to Section 264 b.. Madrid / Spain Telecomunicación.. Winterthur / Switzerland Siemens Audiologie AG..A. Moscow / Russian Federation OSRAM d. St.. 135 D. Rubbestadneset / Norway OSRAM AS. Poznan / Poland OSRAM Sp.. Oslo / Norway Siemens Healthcare Diagnostics AS. 2012 Equity interest in % September 30. Voronezh / Russian Federation OOO Siemens Urban Rail Technologies.5 Consolidated Statements of Changes in Equity 142 D...R. Zug / Switzerland Siemens Schweiz AG.o. Zug / Switzerland Siemens Healthcare Diagnostics AG. Bratislava / Slovakia OSRAM... Zurich / Switzerland Siteco Schweiz AG. Maribor / Slovenia Fábrica Electrotécnica Josa. Stockholm / Sweden Siemens Healthcare Diagnostics AB.o. Bratislava / Slovakia SIPRIN s.r. Warsaw / Poland Siteco Lighting Poland Sp. Würenlos / Switzerland OSRAM AG.1 Consolidated Statements of Income 137 D. OOO. Moscow / Russian Federation OOO Legion T2. (NEM Standard Fasel Boiler Services).. Belgrade / Serbia Siemens d..2 Consolidated Statements of Comprehensive Income 138 D.. Utrecht / Netherlands TurboCare B. Smolensk / Russian Federation OOO Legion II. Consolidated Financial Statements 140 D. Lisbon / Portugal Siemens Healthcare Diagnostics. Madrid / Spain Siteco Lighting.A. 4 No control due to contractual arrangements or legal circumstances. 10 Exemption pursuant to Section 264 (3) HGB. S. 7 Not consolidated due to immateriality..A. 3 Control due to economic circumstances. Moscow / Russian Federation 1 Control due to a majority of voting rights.. 2012 Equity interest in % Standard Fasel B.R. Kista / Sweden Dade Behring Diagnostics AG.. Madrid / Spain Siemens Healthcare Diagnostics S. Vladivostok / Russian Federation Siemens Industry Software.o.o.o. Warsaw / Poland Siemens Sp.. spol.3 Consolidated Statements of Financial Position 139 D.o. Barcelona / Spain Siemens Holding S...A. Bucharest / Romania Siemens Program and System Engineering S.R. Oslo / Norway Siteco Belysning AS. 66 100 100 100 100 100 100 100 60 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 5 No significant influence due to contractual arrangements or legal circumstances. z o. Madrid / Spain OSRAM AB.. Sibiu / Romania OAO OSRAM. Barcelona / Spain Siemens Renting S. Ufimsky District / Russian Federation OOO Siemens Train Technologies.r..6 Notes to Consolidated Financial Statements 232 D. Unipessoal Lda. Bucharest / Romania SIMEA SIBIU S. Siemens Elektroprivod LLC.L.. Upplands Väsby / Sweden Siemens Financial Services AB. Adliswil / Switzerland Siemens Fuel Gasification Technology Holding AG.. V. Rio de Janeiro / Brazil innotec do Brasil Ltda. Istanbul / Turkey Siteco Aydinlatma Teknigi Tic.L.. Mississauga.. 3 Control due to economic circumstances. SA de CV. Burlington.... Belo Horizonte / Brazil Dade Behring Hong Kong Holdings Corporation. de C. Saint John. Trois-Rivières. New Brunswick / Canada Turbocare Canada Ltd..L.A..A. Alberta / Canada Wheelabrator Air Pollution Control (Canada) Inc. de R. Mexico City / Mexico Siemens Medical Solutions Diagnostics S.. San Salvador / El Salvador SIEMENS HEALTHCARE DIAGNOSTICS GUATEMALA..P. Canoas / Brazil OSRAM do Brasil Lampadas Elétricas Ltda. Bogotá / Colombia Siemens Manufacturing S. George Town / Cayman Islands OSRAM Chile Ltda. São Paulo / Brazil Siemens Industry Software Ltda. Burlington.A. Santiago de Chile / Chile OSRAM de Colombia Iluminaciones S. Guayaquil / Ecuador Siemens S. Santo Domingo / Dominican Republic OSRAM del Ecuador S. Ontario / Canada ENCELIUM TECHNOLOGIES Unlimited liability company. de C.A.I.A. de C. Burlington.. Santa Fe / Mexico Siemens Inmobiliaria S. 10 Exemption pursuant to Section 264 (3) HGB. 2 Control due to contractual arrangements. George Town / Cayman Islands 100 100 100 100 100 100 100 100 99 3 100 100 100 100 100 51 100 100 100 100 100 99 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 7 100 100 100 100 100 100 100 100 100 100 100 100 100 100 Venture Strategy Cayman Partners L. Calgary. HGB..A. Vancouver. 8 Not accounted for using the equity method due to immateriality. Quito / Ecuador Siemens S.A. Mexico City / Mexico Siemens Industry Software.R.A. 9 Exemption pursuant to Section 264 b. Ltd.A...A.A. de C..A.. Ontario / Canada Siemens Hearing Instruments Inc.A...V.. de R.V.V. San José / Costa Rica Siemens S. 2012 Equity interest in % September 30. Volta Redonda / Brazil VAI – INGDESI Automation Ltda.. 4 No control due to contractual arrangements or legal circumstances.. 100 100 100 100 100 100 100 100 Siemens Financial Ltd. Tultitlán / Mexico Proyectos de Energia S. Ontario / Canada 1 Control due to a majority of voting rights. Mexico City / Mexico Indústria de Trabajos Eléctricos S. Santiago de Chile / Chile Siemens S.... Mexico City / Mexico 6 Significant influence due to contractual arrangements or legal circumstances. Kiev / Ukraine America (122 companies) OSRAM Argentina S. S. Mississauga. São Caetano do Sul / Brazil Siemens Ltda. Zurich / Switzerland OSRAM Ampul Ticaret A.. Monterrey / Mexico OSRAM de México S. S. Ontario / Canada Siemens Healthcare Diagnostics Manufacturing Limited.. Manaus / Brazil Siemens Healthcare Diagnósticos Ltda. São Paulo / Brazil Iriel Indústria Cómercio de Sistemas Eléctricos Ltda. 7 Not consolidated due to immateriality.... Corporate Governance 49 C...A..S. Osasco / Brazil Senergy Sistemas de Medição S / A. Guatemala City / Guatemala Siemens S. Ontario / Canada Siemens Industry Software Ltd. 2012 Equity interest in % Stadt / Land Immobilien AG. Istanbul / Turkey Siemens Finansal Kiralama A. Buenos Aires / Argentina Siemens IT Services S.. Istanbul / Turkey 100 % foreign owned subsidiary “Siemens Ukraine”. To our Shareholders 21 B.A... de C.. Sti. Ontario / Canada Siemens Canada Ltd. Tultitlán / Mexico Ingdesi S.... S.. 1 A.V. Ve San. Istanbul / Turkey Siemens Sanayi ve Ticaret A. Mexico City / Mexico Siemens Healthcare Diagnostics. British Columbia / Canada OSRAM Sylvania Ltd.. Ontario / Canada Siemens Transformers Canada Inc.A..A. Buenos Aires / Argentina Siemens S. Bogotá / Colombia Siemens S....V.. San José / Costa Rica Siemens. Burlington. Niterói.. Mexico City / Mexico Siemens Innovaciones S. Mexico City / Mexico Grupo Siemens S.A..A. Bogotá / Colombia Siemens Healthcare Diagnostics S.V. S. Tultitlán / Mexico OSRAM S. Ltd. Santa Cruz de la Sierra / Bolivia Active Tecnologia em Sistemas de Automacao Ltda. Ciudad Juárez / Mexico Industrias OSRAM de México S.V. Burlington.S.S.A.V. Tegucigalpa / Honduras Dade Behring.A.. Istanbul / Turkey Siemens Healthcare Diagnostik Ticaret Limited Sirketi...A.V. Ontario / Canada Prairie West Technical Services. Tortola / British Virgin Islands 8264716 Canada Limited. de C.A. Concord. de C. Vila Assuncao / Brazil Chemtech Servicos de Engenharia e Software Ltda. de C.. 5 No significant influence due to contractual arrangements or legal circumstances. Buenos Aires / Argentina VA TECH International Argentina SA. Saskatchewan / Canada RuggedCom Inc.. Quebec / Canada Trench Ltd. de C. Kiev / Ukraine Enterprise with 100 % foreign investment “Osram Ukraine”.A...C. Mississauga.September 30. São Paulo / Brazil Siemens Serviços em Equipamentos Submarinos Ltda. de C. Regina. Buenos Aires / Argentina Siemens Soluciones Tecnologicas S. Combined Management Report 224 .V.A..L. de C.A.. Belo Horizonte / Brazil Siemens Aparelhos Auditivos Ltda.. Rio de Janeiro / Brazil Siemens VAI Metals Services Ltda. Guatemala City / Guatemala Siemens S. São Paulo / Brazil Siemens Eletroeletronica Limitada. Suzhou / China Siemens Electrical Drives (Shanghai) Ltd. PR / USA Pace Global. FL / USA Siemens Capital Company LLC. Fairfax. Pittsburgh.A. PA / USA Winergy Drive Systems Corporation. West Palm Beach. HGB.V. Iselin. Inc... Inc..A. Orlando.6 Notes to Consolidated Financial Statements 232 D. PA / USA HearX West LLC. NJ / USA Siemens Diagnostics Finance Co. CA / USA OSRAM SYLVANIA INC. NJ / USA Siemens Fossil Services. Luquillo.. 7 Not consolidated due to immateriality.. LLC. Inc. LLC. Palm Beach Gardens. 2 Control due to contractual arrangements. NY / USA Siemens Hearing Instruments. 2012 Equity interest in % September 30. Knoxville. NJ / USA Siemens Corporation. Hangzhou.September 30. MA / USA OSRAM Sylvania Puerto Rico Corp. Ltd.A. FL / USA Siemens Generation Services Company. Mexico City / Mexico Siemens S. 2012 Equity interest in % Siemens Servicios S. NJ / USA Siemens Financial.. Lexington. MA / USA Transport & Distribution Inc. Elgin. Changzhou / China Siemens Building Technologies (Tianjin) Ltd. VA / USA Siemens Healthcare Diagnostics Inc. NY / USA Sylvania Lighting Services Corp.. Inc. Iselin.L. Washington. LLC... Chengdu / China Chung Tak Lighting Control Systems (Guangzhou) Ltd.. Caracas / Venezuela Asia (163 companies) Siemens W.. Tianjin / China GIS Steel & Aluminum Products Co. FL / USA Siemens Financial Services. Danvers. LLC. Piscataway... FL / USA Siemens Product Lifecycle Management Software II (US) Inc. TN / USA RuggedCom (USA) Inc. IL / USA Siemens USA Holdings. Inc. MA / USA Mannesmann Corporation. NY / USA NEM USA Corp.... Inc. Malvern.A. IN / USA PETNET Solutions Cleveland. Chicopee. Inc. Inc. FL / USA HearX West. Caracas / Venezuela TurboCare C. Montevideo / Uruguay Audiology Distribution. Beijing / China Chengdu KK & K Power Fan Co. Beijing / China Siemens Circuit Protection Systems Ltd. Inc. East Rutherford. Deerfield.A. Shanghai / China OSRAM China Lighting Ltd. Ltd. IL / USA Siemens Healthcare Diagnostics C. NJ / USA Siemens Industry. NY / USA SMI Holding LLC. Hangzhou / China IBS Industrial Business Software (Shanghai). Orlando.. TX / USA OSRAM Opto Semiconductors..A. Plano. Beijing / China 6 Significant influence due to contractual arrangements or legal circumstances.. Iselin. 3 Control due to economic circumstances. TX / USA Siemens Product Lifecycle Management Software Inc. FL / USA Siemens Government Technologies. Plano. Consolidated Financial Statements 140 D.. Ltd.. NJ / USA Siemens Demag Delaval Turbomachinery. Greenville.... Inc.A... New York. 100 100 100 100 100 100 100 100 100 100 100 100 50 2 100 100 100 100 100 100 100 100 100 51 50 1 63 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 Siemens Molecular Imaging. Knoxville. LLC. de C. Ltd. IL / USA Siemens Medical Solutions USA. Hollywood. Lima / Peru Siemens S.E. TX / USA Siemens Public. Plano.V. Inc. Shanghai / China MWB (Shanghai) Co Ltd. FL / USA IBS America. TN / USA Siemens Power Generation Service Company.. 8 Not accounted for using the equity method due to immateriality. Rockford. Mexico City / Mexico Siemens... Shanghai / China Siemens Electrical Apparatus Ltd. Inc. LLC. LLC. Sunnyvale.. DE / USA Siemens Treated Water Outsourcing Corp.2 Consolidated Statements of Comprehensive Income 138 D.... Alpharetta. 4 No control due to contractual arrangements or legal circumstances. SC / USA Nimbus Technologies. Tianjin / China Siemens Factory Automation Engineering Ltd.NET Houston....3 Consolidated Statements of Financial Position 139 D.C. PA / USA 1 Control due to a majority of voting rights.. Inc..7 Supervisory Board and Managing Board 239 E.. Iselin. Ltd.. VA / USA P. Inc.Ltd. New York...A....1 Consolidated Statements of Income 137 D.L.. 9 Exemption pursuant to Section 264 b. 135 D. MA / USA Traxon Supply USA Inc. Ltd.. Orlando.A. 10 Exemption pursuant to Section 264 (3) HGB. D.. TN / USA PETNET Solutions. / USA Siemens Credit Warehouse. NJ / USA TurboCare.. Buffalo Grove. Danvers.. Lima / Peru Siemens S. Hamilton. Knoxville..T. Huntington Valley. Panama City / Panama Siemens S. Additional Information 225 136 D. Dhaka / Bangladesh Beijing Siemens Cerberus Electronics Ltd. FL / USA EMeter Corporation. Orlando. CA / USA FCE International. New York. Manama / Bahrain Siemens Bangladesh Ltd.C. Foster City.. IL / USA Siemens Electrical.. Ltd. Foshan / China OSRAM Kunshan Display Optic Co.C. Wilmington.. GA / USA Siemens Energy. Managua / Nicaragua Siemens Healthcare Diagnostics Panama. Guangzhou / China DPC (Tianjin) Co.. Tarrytown. S.. Indianapolis. West Palm Beach.. MA / USA Wheelabrator Air Pollution Control Inc. Inc.. TN / USA PETNET Indiana LLC. Danvers..A.. LLC.A.. S. Montevideo / Uruguay Siemens Telecomunicaciones S. Caracas / Venezuela Siemens S. Kunshan / China RuggedCom (China) Communications Technology and Development Co. Knoxville. Inc. Shanghai / China Siemens Electrical Drives Ltd. Inc. 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 51 100 100 51 59 100 51 100 65 90 100 100 70 100 75 100 100 85 68 5 No significant influence due to contractual arrangements or legal circumstances.A..5 Consolidated Statements of Changes in Equity 142 D. Arlington. de C. Inc..4 Consolidated Statements of Cash Flow . Tianjin / China Siemens Business Information Consulting Co. Panama City / Panama OSRAM de Perú S. Dalian / China Siemens Shanghai Medical Equipment Ltd.. Hong Kong / Hong Kong OSRAM Lighting Control Systems Ltd. Shanghai / China Siemens High Voltage Switchgear Guangzhou Ltd. 7 Not consolidated due to immateriality. Corp... Ltd. Shanghai / China Siemens Ltd. Shenzhen / China Siemens Signalling Co.. HGB.. Wuxi / China Sunny World (Shaoxing) Green Lighting Co. Zibo / China Siemens X-Ray Vacuum Technology Ltd. Shanghai / China Siemens Mechanical Drive Systems (Tianjin) Co.. Yizheng / China Siemens Surge Arresters Ltd. Tianjin / China Siemens Medical Solutions Diagnostics Ltd.. Ltd.. 2012 Equity interest in % September 30. Mumbai / India Siemens Hearing Instruments Pvt. Ltd. Changzhi / China Siemens Standard Motors Ltd. China. Hong Kong / Hong Kong OSRAM Hong Kong Ltd. Shanghai / China Siemens Water Technologies and Engineering (Tianjin) Co. 1 A..... Shanghai / China Siemens Shenzhen Magnetic Resonance Ltd.. Wuxi / China Siemens Switchgear Co.. Tianjin / China Yangtze Delta Manufacturing Co. Hong Kong / Hong Kong Siemens Water Technologies International Sales Ltd. New Delhi / India Morgan Construction Company India Private Limited.. Shenyang / China Winergy Drive Systems (Tianjin) Co. Shanghai.... Xian / China Siemens Special Electrical Machines Co... Xi'an. Shanghai. Shanghai. Bengaluru / India 6 Significant influence due to contractual arrangements or legal circumstances.... 2012 Equity interest in % Siemens Finance and Leasing Ltd. Ltd. Beijing / China Siemens Financial Services Ltd.. Hong Kong / Hong Kong OSRAM Holding Company Ltd.. Ltd.. Hangzhou / China Siemens High Voltage Switchgear Co... Wuxi / China Siemens Numerical Control Ltd. Shanghai. Beijing / China Siemens Gas Turbine Parts Ltd. Ltd. Wuhan City / China Siemens VAI Manufacturing (Taicang) Co... Beijing / China Siemens Wind Power Blades (Shanghai) Co... Ltd. Ltd. New Delhi / India Powerplant Performance Improvement Ltd. Tianjin / China Siemens Water Technologies Ltd.. Ltd. Ltd. Corporate Governance 49 C. Ltd. Ltd. Shanghai / China Siemens Real Estate Management (Beijing) Ltd... Ltd..... Beijing / China Siemens Medium Voltage Switching Technologies (Wuxi) Ltd... Shanghai.. Nanjing / China Siemens Process Analytics Co. Shanghai / China Siemens International Trading Ltd. Hong Kong / Hong Kong OSRAM Asia Pacific Ltd. Hangzhou / China Asia Care Holding Limited. Shanghai / China Siemens Wiring Accessories Shandong Ltd. Huludao / China Siemens Industry Software (Shanghai) Co.. Ltd. 2 Control due to contractual arrangements.September 30. Bengaluru / India OSRAM India Pvt. Beijing / China 1 Control due to a majority of voting rights. Hangzhou. Taicang / China Siemens VAI Metals Technologies Co... Ltd... New Delhi / India Siemens Financial Services Private Limited. Ltd.. 100 100 51 100 100 51 51 94 90 84 100 100 100 51 100 100 85 80 100 100 65 100 100 100 100 100 100 70 77 7 100 100 55 90 Siemens Transformer (Guangzhou) Co. Beijing / China Siemens Manufacturing and Engineering Centre Ltd.. Shanghai. Shenzhen / China Siemens Power Automation Ltd... Nanjing / China Siemens PLM Software (Shenzhen) Limited.. 8 Not accounted for using the equity method due to immateriality... Ltd... Jiangsu... Hong Kong / Hong Kong Siemens Ltd.... Ltd. 9 Exemption pursuant to Section 264 b. Ltd. Ltd... Hong Kong / Hong Kong eMeter India Pvt. 63 90 100 100 100 68 100 100 100 100 100 100 65 100 51 100 7 100 100 100 65 100 100 100 100 100 100 100 100 100 100 100 50 1 100 100 5 No significant influence due to contractual arrangements or legal circumstances. To our Shareholders 21 B. Hong Kong / Hong Kong Siemens Industry Software Limited... Gurgaon / India PETNET Radiopharmaceutical Solutions Pvt. Co.. Hong Kong / Hong Kong OSRAM Opto Semiconductors Asia Ltd.. Hong Kong / Hong Kong Siemens Healthcare Diagnostics Limited. 4 No control due to contractual arrangements or legal circumstances. Mumbai / India OSRAM Automotive Lamps Private Limited. Ltd. Nanjing / China Siemens Power Equipment Packages Co. Combined Management Report 226 . Hong Kong / Hong Kong Traxon Technologies Ltd. Guangzhou / China Siemens Transformer (Jinan) Company Ltd. Shaoxing / China Trench High Voltage Products Ltd. Guangzhou / China Siemens Industrial Automation Ltd. Shanghai / China Siemens Power Plant Automation Ltd. 3 Control due to economic circumstances. Ltd. Ltd.. Shanghai / China Siemens Technology Development (Beijing) Ltd. Ltd. Shanghai / China Siemens Hearing Instruments (Suzhou) Co. Suzhou / China Siemens High Voltage Circuit Breaker Co.. Jinan / China Siemens Transformer (Wuhan) Company Ltd. 10 Exemption pursuant to Section 264 (3) HGB. Ltd. Shanghai / China Siemens Wind Power Turbines (Shanghai) Co. Shenyang. Shanghai / China Siemens Industrial Turbomachinery (Huludao) Co.. Beijing / China Siemens Sensors & Communication Ltd. Shanghai / China Siemens Healthcare Diagnostics (Shanghai) Co. Singapore / Singapore Siemens Medical Instruments Pte.. Muscat / Oman Siemens Pakistan Engineering Co. Yokohama / Japan Siemens Healthcare Diagnostics K.. Tokyo / Japan OSRAM Ltd. Seoul / Korea Siemens Ltd. Singapore / Singapore Siemens Industry Software Pte. Ltd. Kuala Lumpur / Malaysia Siemens L. Ltd. Inc.7 Supervisory Board and Managing Board 239 E. Additional Information 227 136 D. 9 Exemption pursuant to Section 264 b. Singapore / Singapore OSRAM Taiwan Company Ltd.K. Singapore / Singapore RuggedCom Asia Pte. Dubai / United Arab Emirates Siemens LLC.. Bhd.6 Notes to Consolidated Financial Statements 232 D...K.. Ltd.. Inc. Ltd. Ho Chi Minh City / Vietnam 6 Significant influence due to contractual arrangements or legal circumstances. Mumbai / India Winergy Drive Systems India Pvt. Bangkok / Thailand VA TECH Holding (Thailand) Co. Penang / Malaysia Reyrolle (Malaysia) Sdn. Beit Shemesh / Israel Siemens Industry Software Ltd. Jeddah / Saudi Arabia VA TECH T & D Co. BHD. Inc.. Ltd..... Singapore / Singapore Siemens Pte.2 Consolidated Statements of Comprehensive Income 138 D. Ltd..T.. Dubai / United Arab Emirates SD (Middle East) LLC. Bhd. Kuwait City / Kuwait Expro Services (Malaysia) SDN. Abu Dhabi / United Arab Emirates Siemens Middle East Limited. Okinawa / Japan Best Sound K...K. Puchong / Malaysia VA TECH Malaysia Sdn. Bhd. Riyadh / Saudi Arabia Westinghouse Saudi Arabia Ltd. 10 Exemption pursuant to Section 264 (3) HGB. Bangkok / Thailand OSRAM Middle East FZE. Taipei / Taiwan Siemens Industry Software (TW) Co. Tokyo / Japan Siemens Product Lifecycle Management Software II (JP) K. Tel Aviv / Israel Siemens Product Lifecycle Management Software 2 (IL) Ltd..K.5 Consolidated Statements of Changes in Equity 142 D..K.. Manila / Philippines Siemens Power Operations. Ltd.. Dubai / United Arab Emirates Siemens Ltd. Batam / Indonesia P. Tokyo / Japan Siemens Japan Holding K. (P.. Bhd..Bhd. 8 Not accounted for using the equity method due to immateriality. Karachi / Pakistan Dade Behring Diagnostics Philippines. Ltd..). Ltd.. 100 74 100 100 100 100 100 100 100 100 60 96 100 100 100 100 100 100 100 100 57 93 90 100 100 100 100 100 100 67 100 100 100 100 100 100 47 2 100 100 Osram Opto Semiconductors (Malaysia) Sdn Bhd. Petaling Jaya / Malaysia Siemens Transportation Turnkey Systems Sdn. 2012 Equity interest in % Siemens Industry Software (India) Private Limited. Kuala Lumpur / Malaysia OSRAM (Malaysia) Sdn.. Ltd.. HGB. Sagamihara / Japan Mochida Siemens Medical Systems Co....3 Consolidated Statements of Financial Position 139 D. Ltd.J. Tokyo / Japan Siemens Japan K.1 Consolidated Statements of Income 137 D.September 30. Ltd... Chennai / India P. Doha / Qatar Arabia Electric Ltd.. Bangkok / Thailand Siemens Product Lifecycle Management Software (TH) Co. Taipei / Taiwan OSRAM Thailand Co. Teheran / Iran Robcad Limited.L... 3 Control due to economic circumstances. Ltd. Consolidated Financial Statements 140 D.. Jakarta / Indonesia PT. FZ-LLC. Bangkok / Thailand Siemens Limited.T. Ltd.. Herzliya / Israel UGS Israeli Holdings (Israel) Ltd. Manila / Philippines Siemens. Riyadh / Saudi Arabia Siemens Ltd. 2 Control due to contractual arrangements.T. Mumbai / India Siemens VAI Metals Technologies Private Limited. Riyadh / Saudi Arabia OSRAM Pte.L. 2012 Equity interest in % September 30. Bhd. Ltd. Herzliya / Israel Acrorad Co. Kuala Lumpur / Malaysia Siemens Malaysia Sdn.S... 100 100 100 100 100 100 30 2 51 66 100 100 100 40 2 51 51 51 51 100 7 100 100 100 100 100 100 100 100 100 100 99 100 50 2 100 100 49 2 49 2 100 100 100 5 No significant influence due to contractual arrangements or legal circumstances.K. Tokyo / Japan Siemens TOO. Ansan / Korea Siemens Industry Software Ltd. 135 D.. Taipei / Taiwan Siemens Ltd.. Siemens Hearing Instruments... Mumbai / India Siemens Nixdorf Information Systems Pvt. Ltd.C. Jeddah / Saudi Arabia ISCOSA Industries and Maintenance Ltd.C. Ltd. New Delhi / India Siemens Ltd. Masdar City / United Arab Emirates Siemens Middle East.. BHD. Petaling Jaya / Malaysia Siteco Lighting Malaysia Sdn...L. Herzliya / Israel Siemens Israel Ltd. Kota Bandung / Indonesia Siemens Sherkate Sahami (Khass). Almaty / Kazakhstan OSRAM Korea Co. Tokyo / Japan Siemens Hearing Instruments K... OSRAM Indonesia.K. 7 Not consolidated due to immateriality. Seoul.. Seoul / Korea Siemens Electrical & Electronic Services K.. Tokyo / Japan Siemens Kameda Healthcare IT Systems K.. Herzliya / Israel Siemens Concentrated Solar Power Ltd. Kuala Lumpur / Malaysia SFL – Boilerinstallations SDN. Siemens Indonesia.C.. Teheran / Iran Yekta Setareh Atllas Co. 4 No control due to contractual arrangements or legal circumstances. Singapore / Singapore PETNET Solutions Private Limited....S.K.4 Consolidated Statements of Cash Flow . Bangkok / Thailand VA TECH Transmission & Distribution Co. Ltd... Manila / Philippines Siemens W. Kuala Lumpur / Malaysia 1 Control due to a majority of voting rights. Seoul / Korea Siemens PETNET Korea Co. Ltd. Mumbai / India Siemens Power Engineering Pvt. (Equipment). Herzliya / Israel RuggedCom Ltd.. Siemens Industrial Power. Gurgaon / India Siemens Technology and Services Private Limited. Tokyo / Japan Siemens Industry Software K.. Tangerang / Indonesia P.. Midrand / South Africa Siemens Employee Share Ownership Trust.. Pretoria / South Africa OSRAM (Pty. Harare / Zimbabwe Australia / New Zealand / Oceans (17 companies) eMeter Australia Proprietary Limited. Casablanca / Morocco Siemens Lda. Warstein Innovative Wind Concepts GmbH.. Midrand / South Africa Siemens (Proprietary) Limited. Warstein Infineon Technologies Bipolar Verwaltungs-GmbH.A.und Regionalverkehrs mbH. Ltd.E. Algiers / Algeria Siemens S. Cairo / Egypt Siemens Ltd. Bayswater / Australia Siemens Product Lifecycle Management Software (AUS) Pty Ltd. HGB.) Ltd. Luanda / Angola Siemens Pty. Ltd. 100 7 100 100 100 100 100 7 100 7 100 7 100 100 100 100 100 100 100 Exemplar Health (SCUH) Holdings 3 Pty Limited. Loganholme. Braunschweig BSH Bosch und Siemens Hausgeräte GmbH.. KG. Bayswater / Australia Kaon Consulting Pty..) Limited..) Ltd.. Leipzig Infineon Technologies Bipolar GmbH & Co. Loganholme QLD / Australia Kaon Electric Pty. Bayswater / Australia Siemens Ltd. Loganholme QLD / Australia Kaon Holdings Pty. Nairobi / Kenya SCIENTIFIC MEDICAL SOLUTION DIAGNOSTICS S. Ltd. Meckenheim DKS Dienstleistungsgesellschaft f. Ltd. Erlangen FEAG Fertigungscenter für Elektrische Anlagen GmbH. 8 Not accounted for using the equity method due to immateriality. Sydney / Australia Siemens Building Technologies Pty. Randfontein / South Africa Linacre Investments (Pty) Ltd. Melbourne / Australia Siemens (N. 3 Control due to economic circumstances.R.. Alexandria / Egypt Siemens Healthcare Diagnostics S. for Trading.. Auckland / New Zealand 50 25 8 49 8 50 50 4 49 8 49 32 8 49 8 50 8 50 40 40 8 50 50 8 47 8 1 A. 5 No significant influence due to contractual arrangements or legal circumstances.. KG. Bayswater / Australia Exemplar Health (SCUH) Trust 3. Pretoria / South Africa Marqott Holdings (Pty. South Windsor / Australia OSRAM Australia Pty.) Ltd. Johannesburg / South Africa Siemens IT Solutions and Services South Africa (Pty) Ltd.A. Loganholme.) Limited. Exemplar Health (SCUH) 4 Pty Limited. Tanger / Morocco Siemens S. Loganholme. Johannesburg / South Africa Dade Behring South Africa (Pty) Ltd. Bayswater / Australia 51 100 51 100 100 100 100 90 100 100 100 100 100 100 100 100 100 03 100 100 100 70 100 03 100 100 100 100 100 100 100 100 7 Associated companies and joint ventures Germany (33 companies) Advanced Power AG und Siemens Project Ventures GmbH in GbR. Lübbenau / Spreewald Erlangen AG Technologie Scouting und Marketing... 9 Exemption pursuant to Section 264 b.A.. Windhoek / Namibia Siemens Ltd. Ltd.. Lagos / Nigeria Comos Industry Solutions (Pty) Ltd. 4 No control due to contractual arrangements or legal circumstances.. Cairo / Egypt Siemens Technologies S.A.. Cologne EMIS Electrics GmbH. Kenilworth / South Africa Marqott (Proprietory) Limited. Mthatha / South Africa Siemens Tanzania Ltd. Ltd. 2 Control due to contractual arrangements. Corporate Governance 49 C.September 30. Combined Management Report 228 .A.. Randburg / South Africa Siemens IT Solutions and Services (Pty) Ltd. Leipzig Lightcycle Retourlogistik und Service GmbH. Midrand / South Africa Siemens Real Estate Management (Pty. Dar es Salaam / Tanzania Siemens S.. Schüttorf BELLIS GmbH. Gaborone / Botswana NEM Energy Egypt LLC. Maputo / Mozambique Siemens Pty. Midrand / South Africa Siemens Building Technologies (Pty) Ltd.. Johannesburg / South Africa Siemens Healthcare Diagnostics (Pty. Algiers / Algeria Siemens Spa.L. Schüttorf. To our Shareholders 21 B. Kommunikationsanlagen des Stadt. Loganholme QLD / Australia Memcor Australia Pty.. Casablanca / Morocco Siemens Plant Operations Tahaddart SARL. Cairo / Egypt Siemens Kenya Ltd. Ltd. Ltd. Bayswater / Australia 1 Control due to a majority of voting rights. Ltd.) Ltd. Hamburg IFTEC GmbH & Co. 7 Not consolidated due to immateriality. Munich 6 Significant influence due to contractual arrangements or legal circumstances. 2012 Equity interest in % Africa (32 companies) ESTEL Rail Automation SPA.. Erlangen HANSATON Akustik GmbH. 2012 Equity interest in % September 30. Tunis / Tunisia Siemens Pvt.. Mount Waverley / Australia Siemens Hearing Instruments Pty. Bayswater / Australia Exemplar Health (SCUH) Trust 4..A... Munich BWI Informationstechnik GmbH. Husum 100 7 100 7 LIB Verwaltungs-GmbH..E.Z. Ltd.. Isando / South Africa Siemens Hearing Solution (Pty.. 10 Exemption pursuant to Section 264 (3) HGB. Hamburg ATS Projekt Grevenbroich GmbH.. Bayswater / Australia Exemplar Health (SCUH) Holdings 4 Pty Limited. Sydney / Australia Exemplar Health (SCUH) 3 Pty Limited. Prerov / Czech Republic A2SEA A / S. 2012 Equity interest in % September 30.September 30.6 Notes to Consolidated Financial Statements 232 D.. Turin / Italy VAL 208 Torino GEIE. Vasilikon / Greece Szeged Energia Zrt.. Barcelona / Spain Soleval Renovables S. S. 7 Not consolidated due to immateriality.o..A. Sevilla / Spain Solucia Renovables 1. Oberengstringen / Switzerland 6 Significant influence due to contractual arrangements or legal circumstances.. Transportes do Sul S. Swindon / Great Britain Heron Wind Limited...r.5 Consolidated Statements of Changes in Equity 142 D. Paris / France Recylum Societe par Actions Simplifiée. St. Halden / Norway Windfarm Polska II Sp. Hagenberg im Mühlkreis / Austria Kompetenzzentrum Licht GmbH. Turin / Italy Transfima S.3 Consolidated Statements of Financial Position 139 D. Heidenheim WKN AG.. Madrid / Spain Nertus Mantenimiento Ferroviario y Servicios S.r. Vienna / Austria Arelion GmbH. Bremen MeVis BreastCare Verwaltungsgesellschaft mbH. HGB. Hamburg PTZ Partikeltherapiezentrum Kiel Management GmbH.. Gzira / Malta Eemsmond Energie B. Fredericia / Denmark Compagnie Electrique de Bretagne. Koszalin / Poland MTS – Metro... 3 Control due to economic circumstances. London / Great Britain 1 Control due to a majority of voting rights.A. London / Great Britain Lincs Renewable Energy Holdings Limited. KG... S. Husum Wohnen am Wedding KG THG Immobilien-Fondsgesellschaft mbH & Co.. The Hague / Netherlands Wirescan AS. Electrical Equipment Manufacturers. 135 D. Wiesbaden Siemens Venture Capital Fund 1 GmbH.. Prague / Czech Republic Meomed s.L. Lisbon / Portugal OOO Northern Capital Express.o.2 Consolidated Statements of Comprehensive Income 138 D. Amsterdam / Netherlands Ural Locomotives Holding Besloten Vennootschap.S. z o. Brussels / Belgium EMGO N.o.A.. Edinburgh / Great Britain Optimus Wind Limited.V.. Dornbirn / Austria Dils Energie NV. Brussels / Belgium EKOLAMP s. Edinburgh / Great Britain SMart Wind Limited.. Piraeus / Greece Eviop-Tempo A.S.A. 9 Exemption pursuant to Section 264 b. Amsterdam / Netherlands Infraspeed Maintainance B. Moscow / Russian Federation ZAO Nuclearcontrol. Szeged / Hungary Transfima GEIE. 8 Not accounted for using the equity method due to immateriality. Munich SKAG Euroinvest Corporates. London / Great Britain Njord Limited..A. Villacanas / Spain Certas AG.V. Frimley. Paris / France TRIXELL S.V. Munich Symeo GmbH..L.. Moscow / Russian Federation OOO VIS Automation mit Zusatz „Ein Gemeinschaftsunter nehmen von VIS und Siemens“. Moscow / Russian Federation 33 8 25 8 33 8 50 50 20 30 8 47 8 49 40 25 25 50 8 10 6 33 50 33 50 8 50 8 8 ZAO Systema-Service. Petersburg / Russian Federation EKOSIJ d.. Neubiberg Transrapid International Verwaltungsgesellschaft mbH i. KG..V. Surrey / Great Britain Pyreos Limited.A. Berlin Wustermark Energie GKW Beteiligungs-GmbH. Lommel / Belgium T-Power NV. Swindon / Great Britain Anakiklosi Siskevon Simetochiki S. Munich Siemens-Electrogeräte GmbH. 10 Exemption pursuant to Section 264 (3) HGB.A. Bremen Partikeltherapiezentrum Kiel GmbH & Co. 2012 Equity interest in % Maschinenfabrik Reinhausen GmbH.L. 4 No control due to contractual arrangements or legal circumstances. Berlin Voith Hydro Holding GmbH & Co. London / Great Britain Odos Imaging Ltd. Zoetermeer / Netherlands Nokia Siemens Networks Holding B. Additional Information 229 136 D.. 5 No significant influence due to contractual arrangements or legal circumstances. Kiel Power Vermögensbeteiligungsgesellschaft mbH Die Erste.. 26 49 49 50 8 8 Plessey Holdings Ltd. 8 50 8 35 35 29 26 8 50 8 4. Munich SKAG Eurocash.p. Männedorf / Switzerland Zentrum Oberengstringen AG. Moirans / France Breesea Limited. 8 33 8 50 50 8 49 46 50 50 27 8 50 8 21 8 25 8 35 8 49 46 40 8 26 25 8 50 8 51 4 50 50 20 8 50 50 42 8 50 8 50 8 100 100 22 65 4.L. Regensburg MeVis BreastCare GmbH & Co.V.o. Consolidated Financial Statements 140 D. Milan / Italy Turboservice Torino S. Edinburgh / Great Britain Sesmos Limited.o. Milan / Italy 8 50 8 37 8 50 8 50 10 6 20 8 48 50 42 8 49 8 50 8 86 4. London / Great Britain Unincorporated Joint Venture Gwynt y Mor. 8 11 6 SIA Ekogaisma. Ljubljana / Slovenia Merida Power.1 Consolidated Statements of Income 137 D.E. 2 Control due to contractual arrangements. Zurich / Switzerland Interessengemeinschaft TUS. Amsterdam / Netherlands Enterprise Networks Holdings B. London / Great Britain Gwynt y Mor Offshore Wind Farm Limited. Moscow / Russian Federation ZAO Interautomatika. 8 4. Hamburg Europe (without Germany) (56 companies) AHC Austrian Health Care Systems & Engineering GmbH.7 Supervisory Board and Managing Board 239 E. Moscow / Russian Federation OOO Transconverter. S. Lebrija (Sevilla) / Spain Termica AFAP S.. KG. Heidenheim Voith Hydro Holding Verwaltungs GmbH.4 Consolidated Statements of Cash Flow . Riga / Latvia Solutions & Infrastructure Services Limited.A.p. Ltd. Sydney / Australia 30 8 13 6 50 50 8 50 4 50 50 8 20 40 8 31 50 50 SILCAR Pty..V.. La Lucia / South Africa Australia / New Zealand / Oceans (2 companies) Exemplar Health (SCUH) Partnership... Inc... Inc. Combined Management Report 230 . Inc..C.. Bengaluru / India P. Abu Dhabi / United Arab Emirates Africa (3 companies) Energie Electrique de Tahaddart S.September 30. Singapore / Singapore 25 8 30 8 40 49 50 50 50 50 26 50 40 20 8 40 8 36 20 8 50 25 8 50 8 43 8 50 49 26 49 40 8 49 Modern Engineering and Consultants Co.A. Ltd. Ltd. Durham.A. To our Shareholders 21 B. Karachi / Pakistan Power Automation Pte.. Anshan / China Saitong Railway Electrification (Nanjing) Co.) Ltd. Centereach.. IL / USA Valeo Sylvania LLC. Kitakyushu / Japan Temir Zhol Electrification LLP. D. Berkeley..... MA / USA Brockton Power Properties. MD / USA Rether networks... Ltd. Hong Kong / Hong Kong Bangalore International Airport Ltd. de C. Airport City / Israel Kanto Hochouki Co. Ltd. Bangkok / Thailand Siemens Transformers L.. Seymour. CA / USA PhSiTh LLC. LLC. Zhuzhou.. NY / USA Semprius.. Buenos Aires / Argentina CVL Componentes de Vidro Ltda.. Yangzhong / China OSRAM Prosperity Company Ltd. Nanjing / China 1 Control due to a majority of voting rights. 2012 Equity interest in % September 30.. Hiroshima / Japan Yaskawa Siemens Automation & Drives Corp....A.J.) Co.. Eilot / Israel Metropolitan Transportation Solutions Ltd... Ltd. Baku / Azerbaijan ChinaInvent (Shanghai) Instrument Co. 7 Not consolidated due to immateriality. Eilot / Israel Global Sun Israel. Rosh HaAyin / Israel Negev Energy – Ashalim Thermo-Solar Ltd. Astana / Kazakhstan Rousch (Pakistan) Power Ltd.. Shanghai / China 30 8 50 25 8 40 8 23 25 8 25 8 41 33 25 8 21 30 21 51 4 50 50 25 20 6 Siemens Traction Equipment Ltd. Inc.. Beijing / China Foshan Electrical and Lighting Co. 2012 Equity interest in % America (18 companies) Cia Técnica de Engenheria Eletrica Sucursal Argentina VA TECH ARGENTINA S. Ltd. Berkeley. 5 No significant influence due to contractual arrangements or legal circumstances. 1 A. Boston. Inc. Union transitoria de Empresas. Boston. MA / USA Cyclos Semiconductor. Caçapava / Brazil Pemopro S.L.. Tochigi / Japan Koden Co. DE / USA Power Properties Inc.. Corporate Governance 49 C. D. New Castle.V.. Tanger / Morocco VOEST-ALPINE Technical Services Ltd. Ltd.. Ltd. Mount Waverley / Australia 6 Significant influence due to contractual arrangements or legal circumstances. Shanghai / China Shanghai Electric Wind Energy Co. Yixing / China ROSE Power Transmission Technology Co.... OK / USA Treated Water Outsourcing J... IN / USA Zargis Medical Corp. Oklahoma City. Lang Fang / China Zhenjiang Siemens Busbar Trunking Systems Co.. Ltd. Jakarta / Indonesia PT Asia Care Indonesia. MA / USA Reactive NanoTechnologies. Ltd. Abuja / Nigeria Impilo Consortium (Pty. Ltd... Jakarta / Indonesia LAMP NOOR (P. NC / USA Siemens First Capital Commercial Finance. Ltd. Ibaragi / Japan Kikoeno Soudanshitsu Co. Inc. 10 Exemption pursuant to Section 264 (3) HGB. NJ / USA Innovex Capital En Tecnologia. 9 Exemption pursuant to Section 264 b. Mexico City / Mexico BritePointe. Princeton... 4 No control due to contractual arrangements or legal circumstances.. HGB.N. Ltd. Jawa Power. Naperville. Caracas / Venezuela Asia (32 companies) Oil and Gas ProServ LLC. 2 Control due to contractual arrangements. MA / USA Brockton Power Holdings Inc.. Ltd. C. L... Shanghai Electric Power Generation Equipment Co.. Beijing / China Guangzhou Morgan Seals Co. 8 Not accounted for using the equity method due to immateriality. Hunt Valley. Foshan / China GSP China Technology Co. Boston.. Shanghai / China FCE (Beijing) Heat Treatment Technology Co. Boston.N.. Ltd. Guangzhou / China OSRAM (China) Fluorescent Materials Co. CA / USA Brockton Power Company LLC. Saveh / Iran Arava Power Company Ltd.T.S. Ltd..A. 3 Control due to economic circumstances.P.. Ltd.. Zhuzhou / China Siteco Prosperity Lighting (Lang Fang) Co... Informationsverarbeitung und Wirtschaft gemeinnützige GmbH (ATIW).3 Consolidated Statements of Financial Position 139 D..” Sole authoritative and universally valid version is the German language document.4 Consolidated Statements of Cash Flow . NJ / USA Global Healthcare Exchange LLC. Additional Information 231 136 D. Munich SIM 9. Genoa / Italy Corporate XII S. KG. Grünwald MAENA Grundstücks-Verwaltungsgesellschaft mbH & Co. Grünwald Realtime Technology AG. September 2012. Princeton. 8 Not accounted for using the equity method due to immateriality. 5 100 4. 3 Control due to economic circumstances. 10 Exemption pursuant to Section 264 (3) HGB. KG. 5 100 4. 5 97 4. 2012 Equity interest Net Income in in % millions of € Equity in millions of € Other investments 11 Germany (9 companies) Ausbildungszentrum für Technik.. 11 Values according to the latest available local GAAP financial statements. 7 Not consolidated due to immateriality. HGB. 9 Exemption pursuant to Section 264 b. Paderborn BOMA Verwaltungsgesellschaft mbH & Co. 4 No control due to contractual arrangements or legal circumstances. (SICAV-FIS).549 42 5 5 7 9 0 (4) 3 (3) 5 35 212 34 This is a translation of the German “Konzernabschluss gemäß §315a (1) HGB der Siemens AG zum 30. Grünwald BSAV Kapitalbeteiligungen und Vermögensverwaltungs Management GmbH.. George Town / Cayman Islands CoreLabs. Westminster. 5 100 4. 5 0 (46) (1) (2) (102) 2 1 0 1 2 (46) 29 237 (103) 29 9 0 13 15 45 5 100 4. Munich Siemens Pensionsfonds AG. Grünwald Kyros Beteiligungsverwaltung GmbH.7 Supervisory Board and Managing Board 239 E. CO / USA iBAHN Corporation. Munich Europe (without Germany) (3 companies) Atos S.und -beteiligungs-GmbH. 5 100 4..1 Consolidated Statements of Income 137 D. Luxembourg / Luxembourg America (4 companies) Middle East Opportunities Fund SPC obo Solar Energy I Segregated Portfolio. 100 4. 5 9 100 4. 135 D. 5 100 4. 2 Control due to contractual arrangements. the underlying fiscal year may differ from the Siemens fiscal year.6 Notes to Consolidated Financial Statements 232 D. Inc. 5 No significant influence due to contractual arrangements or legal circumstances. 6 Significant influence due to contractual arrangements or legal circumstances.329 72 6. Consolidated Financial Statements 140 D.A. Bezons Cedex / France Medical Systems S. UH / USA 1 Control due to a majority of voting rights.2 Consolidated Statements of Comprehensive Income 138 D.L.p.September 30. 5 183 10 160 2.5 Consolidated Statements of Changes in Equity 142 D. Salt Lake City. Grünwald Siemens Venture Capital Fund 2 GmbH i.A. Grundstücksverwaltungs.A.
Report "SIEMENS - Subsidiaries 2012 - List of Subsidiary Companies"