Transcription of Siemens Report
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Siemens Report
Siemens ReportFOR FISCAL 2021 Table of contentsCombined Management ReportConsolidated Financial StatementsResponsibility Statement ( Siemens Group)Independent Auditor s Report ( Siemens Group)Annual Financial Statements Responsibility Statement ( Siemens AG)Independent Auditor s Report ( Siemens AG)Five-Year SummaryCompensation Report (including Auditor's Report ) Report of the Supervisory BoardCorporate Governance Statement Notes and forward-looking statementsCombined Management Report FOR FISCAL 2021 Table of contentsCombined Management of the Siemens Group and basis of presentation Financial performance systemSegment informationResults of operationsNet assets positionFinancial positionOverall assessment of the economic positionReport on expected developments and associated material opportunities and risksSiemens AGTakeover-relevant informationCombined Management Report31.
Combined Management Report 4 2. Financial performance system 2.1 Overview The Siemens Financial Framework includes targets that we aim to achieve over a cycle of three to five years. During fiscal 2021, we modified this framework. The resulting changes became effective starting with fiscal 2022. 2.2 Revenue growth
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