Transcription of Annual Financial Statements
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Annual Financial Statements
Annual Financial Statements of Siemens AG. for the fiscal year ended September 30, 2020. Table of A. Annual Financial S. tatements contents Income Statement 6. Balance Sheet 7. Notes 8. B. Additional Information Responsibility Statement 40. Independent Auditor s Report 41. Further Information 49. Combined Management Report The Management Report of Siemens AG. has been combined with the Manage- ment Report of the Siemens Group in accordance with Section 315 para. 5. together with Section 298 para. 2 of the German Commercial Code (Handels- gesetzbuch) and is published in the 2020. Annual Report of the Siemens Group. The Annual Financial Statements and the Combined Management Report of Siemens AG for the fiscal year 2020. are filed with the operator of the German Federal Gazette and published in the German Federal Gazette.
pected to arise in the future. Provisions for agreed per-sonnel restructuring measures were recognized for legal and constructive obligations. Significant provisions with a remaining term of more than one year are discounted using a discount rate which corresponds to the average market interest rate appropriate for the remaining term
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