Hey Everyone,

How are you all going at restating your financial statements?

Here are 5 very different products or Siemens, their selling price, variable cost and contribution margin. Along with a description of each product.

1.       8kg Front Load Siemens Washing Machine WM16Y890AU

The Siemens washing machine is a home appliance that Siemens produces for their buyers. They aim to have high quality, manufacturing each model to suit the customer’s needs. Each washing machine will have a model number, for example: WM16Y890AU, the brand is Siemens, the warranty is approximately five years, and each will have an energy and water rating, generally around four and five. Other features that the washing machine will include is the colour and the capacity of each wash, say 8kg. The washing machine is a part of Siemens consumer products in their home appliances section.

 

Selling Price:       $2699

Variable Cost:    $1260

Contribution Margin = SP – VC

                                     = 2699 – 1260

                                     = $1439

 

2.       Siemens Wind Turbines

Siemens manufactures wind turbines to generate energy for millions of households, businesses and factories. They may complete some of these projects within the company or in a partnership with others. The wind turbines can be sold and managed by others once Siemens has completed manufacturing them. Wind turbines have been sold in large quantities to reduce the high price, it seems similar to buying things in bulk. Wind power is a natural source and will help create energy at the cost of purchasing the wind turbine. The wind turbines are a part of Siemens Energy sector.

 

 

Selling Price       =$3 000 000  

Variable Cost     = $2 300 000 x 0.8

                                =$1 840 000        

Contribution Margin= SP – VC

                                        = $3 000 000 – $1 840 000

                                        = $1 160 000

 

3.       Siemens Hearing Aids

The Siemens Hearing Aids are manufactured by Siemens are sold to retailers to sell to the public, or some may be sold directly from Siemens. Although hearing aids are small they require many feature to enable them to work. Siemens hearing aids are a part of the healthcare sector, referred to as hearing instruments in their consumer products.

Selling Price        = $2499

Variable Cost     =0.7 x 1666

                                =$1166.20

Contribution Margin = SP – VC

                                         = 2499 – 1166.2

                                         = $1332.80

4.       Box cameras - 1/3" Wide Dynamic, 3MP, IP box camera

Siemens manufactures surveillance cameras of all sorts to ensure businesses and households can feel safe. The 3 MP full-HD IP camera combines the requirements of classic analogue CCTV cameras with the high performance, flexibility and IT security of a modern video-over-IP device. The camera CCMW3025 includes a back-focus adjustment algorithm that simplifies the setup of lens back-focus to ensure crisp video pictures day and night. This camera can be easily integrated into 3rd party systems. The compact design and the available range of accessories is an ideal fit even for stylish environments.  The box cameras are a part of the building technologies sector, also referred to as electrical installation systems in consumer products.

Selling Price = $300

Variable Cost = 0.7 x 200

                         = $140

Contribution Margin = SP – VC

                                      = 300 – 140

                                      = $160

5.       Gamma building control – energy-efficient building and room automation

Gamma building control from Siemens offers intelligent solutions and services to maximize energy efficiency and comfort in buildings. The product optimize the control of lighting, shading, heating and cooling in rooms and buildings. Siemens have created this innovative technology to provide customers with more room and comfort along with providing energy-efficiency. The gamma building control is a part of Siemens Automation product sector and control systems.

Selling Price = $2500

Variable Cost = 0.7 x 1666

                          = $1166.20

Contribution Margin = SP – VC

                                      = 2500 – 1166.20

                                      = $1333.80

 

Siemens produce and manufacture many different products, so I tried to find a product from each sector that Siemens has to show the variety of the business.

 

Post to you later,

Katrine

 

 

 

Hey Everyone,

Below are 3 Assets, 3 Liabilities and 3 items of Equity of Siemens.

Assets:

Available-for-sale financial assets: the business’ intangible assets that are expected to be sold within a year. Included in the value of Siemen’s available-for-sale financial assets are equity instruments, debt instruments and fund shares.

Inventories: are the assets that the business intends to sell in order to generate the majority of their profits. The items included in the value of Siemen’s inventories are: raw materials and supplies, work in process, costs and earnings in excess of billings on uncompleted contracts, finished goods and products held for resale, advances to suppliers, less advanced payments received.

Property, Plant and Equipment: is a vital company asset, as it shows the value of ownership the company has with their property, buildings, etc. It cannot be easily liquidated. The items that make up Property, Plant and Equipment for Siemens are: Land and Buildings, Technical machinery and equipment, furniture and office equipment, equipment leased to others, and advances to suppliers and construction in progress.

Liabilities:

Current provisions: Are the amounts set aside from the profit of a business for a known liability, but the specific amount may not be known. The current provisions are those liabilities that will occur within a year.  The company’s provisions are generally expected to result in cash outflows. The provisions in Siemens financial reports are calculated by measuring additions, usage, reversals, translation differences and accretion expenses and effect of changes in discount rates.

Long-term debt: is the debt the company owes after one year of the date of issue. The notes of the financial statements in Siemens report shows the short term debt and the long term debt. The long term debt is made up of: notes and bonds, loans from bank, other financial indebtedness, and obligations under finance leases. All of these figures show when they are maturing til.

Post-employment benefits: Is the amount given from the company to an employee at the start of retirement. Siemens post-employment defined benefit plan includes pension benefits and other post-employment benefits, such as transition benefits. The post-employment benefits are calculated separately to each major country the Siemens is based and then a figure of all the smaller countries.

Equity:

Capital Reserve: This account is reserved for long-term capital investment or projects. It is the profit the company makes that is then reserved for use in the future when the company needs it.

Retained earnings: is the portion of net earnings that are not paid out to the shareholders as dividends, but that are retained by the business to be reinvested in its core business or to pay debt. In the notes of the financial statements, Siemens shows the amount allocated from net income into retained earnings.

Treasury shares, at cost: are the shares that a company keeps at their own cost. The shares may have been a repurchase or buyback from shareholders. These shares have no voting rights and are not given any distributions. The company can decide how long they hold these shares, if they sell them back to the public or even cancel them. Siemens is authorised by their shareholders to obtain treasury shares of up to 10% of its capital stock existing at the date of the shareholders’ resolution.

 

Post to you later,

 

Katrine

Hey everyone,

Since one of Siemens (my company) goals is to be innovative and sustainable, I thought I would share their magazine for research and innovation.

They talk about what technologies will shape our lives over the next ten to twenty years. Siemens' Pictures of the Future magazine reports twice a year on major technology trends and looks at the latest research in the company's laboratories. The magazine includes scenarios of the future, features, reports on associated R&D activities at Siemens, and interviews with internationally-recognized experts.

 

 

If you follow the following link you will find previous magazines that they have released about their progress.

http://www.siemens.com/innovation/en/publications/

 

Hope you find this interesting.

 

Post to you later,

 

Katrine

 

Siemens

Hey everyone,

My Company is Siemen. They are a German multinational engineering and electronics conglomerate company, their headquarters are in Munich and Berlin. The business was founded on the 12^th of October, 1847.

If you don’t know what a conglomerate company is, it is one company that owns a controlling stake in a number of smaller companies, which conduct business separately. Each of a conglomerate's subsidiary businesses runs independently of the other business divisions, but the subsidiaries' management reports to senior management at the parent company.

You can find them at the following website: http://tablet.siemens.com/entry/cc/en/

The CEO of Siemens is Joe Kaeser. He studied business administration. The three strategies he has for Siemens all come back to the focus of Siemens being a Pioneer. They are: to focus on innovation-driven growth markets, get closer to our customers, and to use the power of Siemens.

Kaeser states in the Annual Report, ‘A company like ours must aim to be a leader not only in technology but also in long-term profitability. This has nothing to do with greed – but everything to do with maintaining our innovative strength, enhancing our competitiveness and safeguarding jobs while remaining a trusted and attractive partner for our share- holders and investors worldwide.’

The Main Sectors of Siemens include:

·         The Energy Sector

·         The Healthcare Sector

·         The Industry Sector

·         Infrastructure and Cities Sector

·         Financial Services

·         Siemens Real Estate

·         Equity Investments

The Values of Siemens:

·         Responsible: committed to ethical and responsible actions

·         Excellent: Achieving high performance and excellent results

·         Innovation: being innovative and create sustainable value

Siemen’s vision:

Demographic change, urbanization, climate change and globalization – these megatrends are creating unprecedented challenges for humankind. The transformations occurring now will have a lasting impact on our world. It’s in light of these profound changes that we’ve defined our goals and the vision for all our business fields

o    Energy efficiency

o    Industrial productivity

o    Next-generation healthcare

o    Intelligent infrastructure solutions

I hope that you find this information on Siemens interesting.

Post to you later,

Katrine

 

 

 

Hey ACCT 11059 Students,

Check out my future posts for information on my company and our course.

Post to you later,

Katrine