Siemens : Annual Report 2021

Financial Highlights - Siemens Limited

					(` in Million)
	2020-21	2019-20	2018-19	2017-18	2016-17
Orders received*	146,615	113,853	132,377	127,404		135,030
Income, Profit and Dividend*
Revenue from operations**	131,045	105,407	136,838	127,251		113,483
Profit Before depreciation, interest, exceptional
items and tax (PBDIET)	17,643	13,198	18,703	15,961		13,059
Depreciation	2,282	2,709	2,173	1,967		1,966
Interest	196	296	114	82		77
Profit before exceptional items and tax (PBET)	15,165	10,193	16,416	13,912		11,016
Exceptional Items	-	-	-	-		5,675
Profit Before Tax (PBT)	15,165	10,193	16,416	13,912		16,691
Tax	4,135	2,628	5,547	4,973		5,355
Profit After Tax (PAT)	11,030	7,565	10,869	8,939		11,336
Dividend - %	400%	350%	350%	350%		350%
Dividend - ` Per Share	8	7	7	7		7
Share Capital, Assets and Book Value
Equity share capital	712	712	712	712		712
Other Equity	102,725	94,028	89,724	82,342		76,335
Net Worth (Equity)	103,437	94,740	90,436	83,054		77,047
Loans	25	-	-	-		-
Total Capital Employed	103,462	94,740	90,436	83,054		77,047
Capital Represented by:
Property, plant and equipment, Capital work-in-
progress, other intangible assets and Right-of-Use assets	10,453	12,530	12,486	13,097		13,695
Investments	22,120	550	550	550		550
Net Current Assets & Other Assets	70,864	81,660	77,400	69,407		62,802
Net Assets	103,437	94,740	90,436	83,054		77,047
Book Value - `	290.46	266.03	253.95	233.22		216.35
Returns*
On Revenue from operations (PBET) - %	10.92	9.67	12.00	10.93		9.71
On Capital Employed (PBT) - %	14.66	10.76	18.15	16.75		21.66
On Shareholders Fund (PAT) - %	10.66	7.99	12.02	10.76		14.71
Per Share (PAT) - `	30.97	21.24	30.52	25.10		31.83

• Includes total operations of the Company.
• Revenue from operations for:

2020-21,2019-20,2018-19,2017-18 and the period 1 July 2017 to 30 September 2017 is net of Goods and Service Tax (GST). The period 1 October 2016 to 30 June 2017 is inclusive of excise duty.

Contents

Board of Directors	2
Chairman's Statement	5
Notice	8
Directors' Report	22
Annexure I - Form AOC - 1	28
Annexure II - Conservation of Energy, etc.	29
Annexure III - Management's Discussion & Analysis	32
Annexure IV - Corporate Governance Report	38
Annexure V - General Shareholder Information	55
Annexure VI - Corporate Social Responsibility Report	63
Annexure VII - Statement of Disclosure of Remuneration	75
Annexure VIII - Form AOC - 2	76
Annexure IX - Particulars of Loans, Guarantees or Investments	77
Annexure X - Secretarial Audit Report	78
Business Responsibility Report - Abstract	81
Independent Auditor's Report - Standalone Financial Statements	84
Standalone Financial Statements	92
Independent Auditor's Report - Consolidated Financial Statements	158
Consolidated Financial Statements	166
Proxy Form	233
Green Initiative	235

Board of Directors

Deepak S. Parekh	Yezdi H. Malegam	Mehernosh B.	Anjali Bansal
Chairman	Independent Director	Kapadia	Independent Director
(Up to 29th January, 2021)
		Independent Director

Josef Kaeser	Mariel von Schumann	Johannes Apitzsch	Tim Holt
Director
(Up to 28th February, 2021)	Director	Director	Director
		(Up to 12th February, 2021)

Matthias Rebellius	Willem Rudolf Basson	Sunil Mathur	Daniel Spindler
Special Director (Nominee of	Director	Managing Director and	Executive Director and
Siemens Aktiengesellschaft,	(From 1st March, 2021)	Chief Executive Officer	Chief Financial Officer
Germany)
(From 1st December, 2020)

Management

Bhaskar Mandal

Gerd Deusser

Robert H. K. Demann

Tilak Raj Seth

Head, Digital Industries

Head, Energy

Head, Smart Infrastructure

Head, Mobility

Committees of Directors

(as on 30th September, 2021)

Audit Committee	Risk Management Committee
Mr. Mehernosh B. Kapadia - Chairman	Ms. Anjali Bansal - Chairperson
Mr. Deepak S. Parekh	Mr. Deepak S. Parekh
Mr. Johannes Apitzsch	Mr. Johannes Apitzsch
Ms. Anjali Bansal	Mr. Mehernosh B. Kapadia
	Mr. Matthias Rebellius
	Mr. Tim Holt

Nomination and Remuneration Committee

Mr. Mehernosh B. Kapadia - Chairman

Mr. Deepak S. Parekh

Mr. Matthias Rebellius

Mr. Johannes Apitzsch

Stakeholders Relationship Committee

Mr. Mehernosh B. Kapadia - Chairman

Mr. Sunil Mathur

Dr. Daniel Spindler

Corporate Social Responsibility Committee

Mr. Deepak S. Parekh - Chairman

Mr. Sunil Mathur

Dr. Daniel Spindler

Mr. Johannes Apitzsch

Corporate Governance Committee

Mr. Mehernosh B. Kapadia - Chairman Mr. Deepak S. Parekh

Mr. Johannes Apitzsch

Mr. Sunil Mathur

Mr. Matthias Rebellius

Mr. Tim Holt

Share Transfer Committee

Mr. Sunil Mathur - Chairman

Dr. Daniel Spindler

Annual Report 2021	Siemens Limited	3