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Siemens Ltd. Regulatory Filings 2021
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Regulatory Filings
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2 nd June, 2021
National Stock Exchange of India Limited BSE Limited
Scrip Code –
National Stock Exchange of India Limited: SIEMENS EQ BSE Limited: 500550
Sub: Disclosure of related party transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")
Dear Sir / Madam,
Pursuant to Regulation 23(9) of the Listing Regulations, please find enclosed disclosure of related party transactions on a consolidated basis, for the half year ended 31st March, 2021.
Kindly take the same on record.
Yours faithfully, For Siemens Limited
Digitally signed by KETAN NANDKISHOR THAKER DN: cn=KETAN NANDKISHOR THAKER, c=IN, o=Personal Date: 2021.06.02 11:48:19 +05'30' KETAN NANDKISHOR THAKER
Ketan Thaker Company Secretary
Encl.: as above
Siemens Limited Management: Sunil Mathur CIN: L28920MH1957PLC010839 Birla Aurora, Level 21, Plot No. 1080, Dr. Annie Besant Road, Worli, Mumbai – 400030 India
Tel.: +91 22 6251 7000 Website: www.siemens.co.in E-mail- [email protected]
Registered Office: Birla Aurora, Level 21, Plot No. 1080, Dr. Annie Besant Road, Worli, Mumbai – 400030. Telephone +91 22 6251 7000. Fax +91 22 24362403. Sales Offices: Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Gurgaon, Hyderabad, Jaipur, Jamshedpur, Kharghar, Kolkata, Lucknow, Kochi, Mumbai, Nagpur, Navi Mumbai, New Delhi, Puducherry, Pune, Vadodara, Visakhapatnam.
43 Related party transactions
43.1 Parties where control exists
Siemens AG, Germany Ultimate Holding Company Siemens International Holding B.V., Netherlands Subsidiary of Ultimate Holding Company (w.e.f. 23.06.2020)
43.2 Parties with significant influence
Siemens Gas and Power Holding B.V., Netherlands Associate of Ultimate Holding Company (w.e.f. 28.09.2020)
43.3 Other related parties where transactions have taken place during the period
| Fellow Subsidiaries | Name | Country |
|---|---|---|
| Siemens Spa | Algeria | |
| Siemens S.A. (upto 27.09.2020) | Argentina | |
| Siemens Ltd. | Australia | |
| Flender Pty. Ltd. (upto 10.03.2021) | Australia | |
| Siemens Mobility Pty Ltd | Australia | |
| J.R.B. Engineering Pty Ltd | Australia | |
| Siemens Aktiengesellschaft Österreich | Austria | |
| Siemens Metals Technologies Vermögensverwaltungs GmbH | Austria | |
| Siemens Energy Austria GmbH, Transformers (upto 27.09.2020) | Austria | |
| ETM professional control GmbH | Austria | |
| Siemens Mobility Austria GmbH, Plant Rail Systems | Austria | |
| Trench Austria GmbH (upto 27.09.2020) | Austria | |
| Siemens W.L.L. | Bahrain | |
| Siemens Bangladesh Ltd. | Bangladesh | |
| Siemens Industrial Limited | Bangladesh | |
| Siemens S.A./N.V. | Belgium | |
| Flender S.R.L. (upto 10.03.2021) | Belgium | |
| Siemens Infraestrutura e Indústria Ltda. | Brazil | |
| Siemens Ltda. (upto 27.09.2020) | Brazil | |
| Siemens EOOD | Bulgaria | |
| Siemens Canada Limited | Canada | |
| Siemens Canada Limited - RuggedCom | Canada | |
| Flender Corporation Canada Branch (upto 10.03.2021) | Canada | |
| Siemens Canada Limited - Process Instruments Business Unit | Canada | |
| Siemens Energy Canada Limited - Dist Gen (PRW) (upto 27.09.2020) | Canada | |
| Trench Limited (upto 27.09.2020) | Canada | |
| Siemens S.A. | Chile | |
| Siemens Power Automation Ltd. | China | |
| Siemens Electrical Apparatus Ltd., Suzhou | China | |
| Flender Ltd., China (upto 10.03.2021) | China | |
| Siemens Medium Voltage Switching Technologies (Wuxi) Ltd. | China | |
| Siemens Ltd., China | China | |
| Siemens Factory Automation Engineering Ltd. | China | |
| Beijing Siemens Cerberus Electronics Ltd. | China | |
| Siemens Electrical Drives (Shanghai) Ltd. | China | |
| Siemens High Voltage Switchgear Co., Ltd., Shanghai (upto 27.09.2020) | China | |
| Siemens Circuit Protection Systems Ltd., Shanghai | China | |
| Siemens Electrical Drives Ltd. | China | |
| Siemens Numerical Control Ltd., Nanjing | China | |
| Siemens Transformer (Guangzhou) Co., Ltd. (upto 27.09.2020) | China | |
| Siemens Standard Motors Ltd. | China | |
| Siemens Switchgear Ltd., Shanghai | China | |
| Siemens Surge Arresters Ltd. (upto 27.09.2020) | China | |
| Siemens Wiring Accessories Shandong Ltd. | China | |
| Siemens Shanghai Medical Equipment Ltd. | China | |
| Siemens Shenzhen Magnetic Resonance Ltd. | China | |
| Siemens Healthineers Diagnostics (Shanghai) Co., Ltd. | ChinaChina | |
| Siemens International Trading Ltd., Shanghai | China | |
| Trench High Voltage Products Ltd., Shenyang (upto 27.09.2020) | Colombia | |
| Siemens S.A.Koncar-Energetski Transformatori, d.o.o. (upto 27.09.2020) | Croatia | |
| Siemens, s.r.o. | Czech Republic | |
| Siemens Electric Machines s.r.o. | Czech Republic | |
| OEZ s.r.o. | Czech Republic | |
| OEZ s.r.o., dARE of 593h Letohrad | Czech Republic | |
| Siemens Energy, s.r.o., odstepny zavod Industrial Turbomachinery (upto 27.09.2020) | Czechia | |
| Siemens A/S | Denmark | |
| Siemens Energy S.R.L. (upto 27.09.2020) | Dominican Republic | |
| Siemens Industrial LLC | Egypt | |
| Siemens Technologies S.A.E. | Egypt | |
| Siemens S.A. | El Salvador | |
| Siemens Osakeyhtiö | Finland | |
| Siemens SAS | France | |
| Flender-Graffenstaden SAS (upto 10.03.2021) | France | |
| Siemens Industry Software SAS | France | |
| Siemens SAS, Division production Process Automation, Usine de Haguenau | France | |
| Siemens Mobility SAS | France | |
| Siemens Energy S.A.S. (upto 27.09.2020) | France |
| 43.3Other related parties where transactions have taken place during the period (Continued) | |
|---|---|
| ------------------------------------------------------------------------------------------------- | -- |
| Other related parties where transactions have taken place during the period (Continued) | ||
|---|---|---|
| Fellow Subsidiaries | Name | Country |
| Trench France SAS (upto 27.09.2020) | France | |
| Flender GmbH (upto 10.03.2021) | Germany | |
| Siemens Mobility GmbH | Germany | |
| Siemens Mobility GmbH, dARE | Germany | |
| SYKATEC Systeme, Komponenten, Anwendungstechnologie GmbH | Germany | |
| Flender Industriegetriebe GmbH (upto 10.03.2021) | Germany | |
| Trench Germany GmbH (upto 27.09.2020) | Germany | |
| Siemens Bank GmbH | Germany | |
| HSP Hochspannungsgeräte GmbH (upto 27.09.2020) | Germany | |
| Siemens Gas and Power GmbH & Co. KG (upto 27.09.2020) | Germany | |
| SGP KG dARE 9 (upto 27.09.2020) | Germany | |
| SGP KG, Werk Duisburg (upto 27.09.2020) | Germany | |
| Siemens Healthcare GmbH | Germany | |
| Weiss Spindeltechnologie GmbH | Germany | |
| Siemens Beteiligungen Inland GmbH | Germany | |
| Siemens Financial Services GmbH | Germany | |
| SGP KG, Werk Görlitz (upto 27.09.2020) | Germany | |
| SGP KG, Werk Nürnberg (upto 27.09.2020) | Germany | |
| NEO New Oncology GmbH | Germany | |
| Siemens Compressor Systems GmbH (upto 27.09.2020) | Germany | |
| SGP KG dARE 8 (upto 27.09.2020) | Germany | |
| SGP KG, Werk Berlin (upto 27.09.2020) | Germany | |
| Germany | ||
| Next47 GmbH | Germany | |
| Siemens Traction Gears GmbH | Germany | |
| SGP KG, Werk Erfurt (upto 27.09.2020) | Greece | |
| Siemens A.E., Electrotechnical Projects and Products | ||
| Siemens Limited | Hong Kong | |
| Siemens Energy Limited (upto 27.09.2020) | Hong Kong | |
| Siemens Energy Kft., Generation Plant Budapest (upto 27.09.2020) | Hungary | |
| Siemens Zrt. | Hungary | |
| Siemens Logistics India Private Limited | India | |
| Siemens Financial Services Private Limited | India | |
| Siemens Technology and Services Private Limited | India | |
| Siemens Industry Software (India) Private Limited | India | |
| Siemens Healthcare Private Limited | India | |
| Mentor Graphics (India) Private Limited | India | |
| Siemens Healthineers India LLP | India | |
| Flender Drives Private Limited (upto 10.03.2021) | India | |
| Siemens Factoring Private Limited | India | |
| PETNET Radiopharmaceutical Solutions Pvt. Ltd. | India | |
| Fast Track Diagnostics Asia Private Limited | India | |
| Dresser-Rand India Private Limited (upto 27.09.2020) | India | |
| Mentor Graphics (Sales and Services) Private Limited | India | |
| Siemens Industry Software Computational Dynamics India Pvt. Ltd. | India | |
| Bytemark Technology Solutions India Pvt Ltd | India | |
| Siemens Gamesa Renewable Energy Engineering Centre Private Limited | India | |
| P.T. Siemens Indonesia | Indonesia | |
| Mentor Graphics (Ireland) Limited | Ireland | |
| Siemens Israel Ltd. (upto 27.09.2020) | Israel | |
| Siemens S.p.A. | Italy | |
| Siemens Energy S.r.l. (upto 27.09.2020) | Italy | |
| Trench Italia S.r.l. (upto 27.09.2020) | Italy | |
| Flender Italia S.r.l. (upto 10.03.2021) | Italy | |
| Siemens K.K. | Japan | |
| Siemens TOO | Kazakhstan | |
| Siemens Ltd. Seoul | Korea | |
| Siemens Energy Ltd. (upto 27.09.2020) | Korea | |
| Siemens Industrial Business Co. For Electrical, Electronic and Mechanical Contracting WLL | Kuwait | |
| Siemens Electrical & Electronic Services K.S.C.C. | Kuwait | |
| Siemens Malaysia Sdn. Bhd. | Malaysia | |
| Siemens Energy Sdn. Bhd. (upto 27.09.2020) | Malaysia | |
| Siemens, S.A. de C.V. | Mexico | |
| Siemens Servicios S.A. de C.V. | Mexico | |
| Siemens S.A. | Morocco | |
| Flender B.V. (upto 10.03.2021) | Netherlands | |
| Siemens International Holding B.V. | Netherlands | |
| Siemens Gas and Power Holding B.V. | Netherlands | |
| Siemens Nederland N.V. | Netherlands | |
| Siemens Energy B.V. (upto 27.09.2020) | Netherlands | |
| Siemens Energy B.V. - dependent ARE 456b (upto 27.09.2020) | Netherlands | |
| dARE - Operative Activity 576w (previously SISW B.V.) | Netherlands | |
| Siemens (N.Z.) Limited | New Zealand | |
| Siemens Energy Ltd. (upto 27.09.2020) | Nigeria | |
| Siemens AS | Norway | |
| Siemens Energy AS (upto 27.09.2020) | Norway | |
| Siemens Industrial LLC | Oman | |
| Siemens Energy L.L.C. (upto 27.09.2020) | Oman | |
| Siemens Energy S.A.C. (upto 27.09.2020) | Peru | |
| Siemens, Inc. | Philippines | |
| Siemens Sp. z o.o. | Poland | |
| Siemens S.A. | Portugal | |
| Siemens W.L.L. | Qatar | |
43.3 Other related parties where transactions have taken place during the period (Continued)
| Fellow Subsidiaries | Name | Country |
|---|---|---|
| Siemens Energy W.L.L | Qatar | |
| Siemens S.R.L. | Romania | |
| SIMEA S.R.L., Plant SEIT Sibiu | Romania | |
| OOO Siemens | Russia | |
| OOO Siemens Gas Turbine Technologies (upto 27.09.2020) | Russia | |
| Siemens Ltd. | Saudi Arabia | |
| Arabia Electric Ltd. (Equipment) | Saudi Arabia | |
| Siemens d.o.o. Beograd | Serbia | |
| Siemens Pte. Ltd. | Singapore | |
| Flender Pte. Ltd. (upto 10.03.2021) | Singapore | |
| Siemens Mobility Pte. Ltd. | Singapore | |
| Siemens Healthcare Pte. Ltd. | Singapore | |
| Siemens Energy Pte. Ltd. (upto 27.09.2020) | Singapore | |
| Siemens s.r.o. | Slovakia | |
| Siemens Proprietary Limited | South Africa | |
| Flender (Pty) Ltd (upto 10.03.2021) | South Africa | |
| Siemens Mobility (Pty) Ltd | South Africa | |
| SIEMENS MOBILITY, S.L.U. | Spain | |
| Siemens Rail Automation S.A.U. | Spain | |
| Siemens S.A. | Spain | |
| Siemens Energy S.A. (upto 27.09.2020) | Spain | |
| Siemens Energy AB (upto 27.09.2020) | Sweden | |
| Siemens AB | Sweden | |
| Siemens Schweiz AG, Smart Infrastructure, Global Headquarters | Switzerland | |
| Siemens Mobility AG | Switzerland | |
| Siemens Schweiz AG | Switzerland | |
| Siemens Limited | Taiwan | |
| Siemens Mobility Limited | Thailand | |
| Siemens Limited | Thailand | |
| Siemens Energy Limited (upto 27.09.2020) | Thailand | |
| Siemens Sanayi ve Ticaret Anonim Sirketi | Turkey | |
| Flender Mekanik Güc Aktarma Sistemleri Sanayi ve Ticaret Anonim Sirketi (upto | ||
| 10.03.2021)100% foreign owned subsidiary "Siemens Ukraine" | Turkey | |
| Siemens Industrial LLC | UkraineUAE | |
| Siemens LLC | UAE | |
| Siemens plc | UK | |
| Electrium Sales Limited | UK | |
| Siemens Industrial Turbomachinery Ltd. (upto 27.09.2020) | UK | |
| I DT Factory Congleton | UK | |
| Siemens Energy Limited (upto 27.09.2020) | UK | |
| Siemens HC Ltd. MR Magnet Technology | UK | |
| Flender Limited (upto 10.03.2021) | UK | |
| Industrial Turbine Company (UK) Limited (upto 27.09.2020) | UK | |
| Siemens Mobility Limited | UK | |
| Siemens Industry, Inc. | USA | |
| Flender Corporation (upto 10.03.2021) | USA | |
| eMeter Corporation | USA | |
| Siemens Mobility, Inc | USA | |
| MG Corp (dARE von 540h SI SW Inc.) | USA | |
| Siemens Corporation | USA | |
| Building Robotics Inc. | USA | |
| Dresser-Rand Company (upto 27.09.2020) | USA | |
| Siemens Energy, Inc. (US) - Dist Gen (PS1) (upto 27.09.2020) | USA | |
| Enlighted, Inc. | USA | |
| Siemens Healthcare Diagnostics Inc. | USA | |
| Siemens Energy, Inc. (upto 27.09.2020) | USA | |
| Siemens Energy, Inc. (US) - Fossil Products (OPP) (upto 27.09.2020) | USA | |
| Siemens Energy, Inc. (US) - Oil& Gas (PT2) (upto 27.09.2020) | USA | |
| Siemens Energy Inc. (US) – Transmission (E1P) (upto 27.09.2020) | USA | |
| Siemens Ltd. | Vietnam |
Other related parties where transactions have taken place during the period (Continued)
Subsidiaries / associate of parties who has significant influence (Fellow Associate)
| (w.e.f 28.09.2020) | Name | Country | |||||
|---|---|---|---|---|---|---|---|
| Siemens Energy S.A. | Argentina | ||||||
| Siemens Energy Pty. Ltd. | Australia | ||||||
| Siemens Energy Austria GmbH | Austria | ||||||
| Trench Austria GmbH | Austria | ||||||
| Siemens Bangladesh Ltd | Bangladesh | ||||||
| Siemens Energy S.A./N.V. | Belgium | ||||||
| Siemens Energy Brasil Ltda. | Brazil | ||||||
| Siemens Energy Canada Limited | CanadaChina | ||||||
| Siemens Energy Co., Ltd. | |||||||
| Siemens High Voltage Circuit Breaker Co., Ltd., Hangzhou | |||||||
| Siemens High Voltage Switchgear Co ., Ltd., Shanghai | |||||||
| Siemens Surge Arresters Ltd. | China | ||||||
| Siemens Transformer (Guangzhou) Co ., Ltd. | China | ||||||
| Siemens Transformer (Jinan) Co., Ltd | China | ||||||
| Trench High Voltage Products Ltd., Shenyang | China | ||||||
| Siemens Energy S.A.S. | Colombia | ||||||
| Siemens Energy d.o.o. | Croatia | ||||||
| Koncar-Energetski Transformatori D.O.O. | Croatia | ||||||
| Siemens Energy, s.r.o.Siemens Energy S.A.E. | Czech Republic | ||||||
| Dresser-Rand Sas | EgyptFrance | ||||||
| Siemens Energy S.A.S. | France | ||||||
| Trench France Sas | France | ||||||
| HSP Hochspannungsgeraete GmbH | Germany | ||||||
| Siemens Compressor Systems GmbH | Germany | ||||||
| Siemens Energy Global GmbH & Co. KG | Germany | ||||||
| Siemens Gas and Power GmbH & Co. KG | Germany | ||||||
| Trench Germany GmbH | Germany | ||||||
| Siemens Energy Limited | Hong Kong | ||||||
| Siemens Energy Kft. | Hungary | ||||||
| Dresser-Rand India Private Limited | India | ||||||
| Siemens Gamesa Renewable Energy Engineering Centre Private Limited | India | ||||||
| Siemens Gamesa Renewable Power Private Limited | India | ||||||
| Siemens Energy Ltd. | Israel | ||||||
| Siemens Energy Srl | Italy | ||||||
| Trench Italia S.R.L. | Italy | ||||||
| Siemens Energy Ltd | Korea | ||||||
| Siemens Electrical & Electronic Services K.S.C.C. | Kuwait | ||||||
| Siemens Energy Sdn. Bhd. | Malaysia | ||||||
| Siemens Energy, S. De R. L. De C.V. | Mexico | ||||||
| Siemens Energy B.V. | Netherlands | ||||||
| Siemens Energy Ltd. | Nigeria | ||||||
| Siemens Energy AS | Norway | ||||||
| Siemens Energy LLC | Oman | ||||||
| Siemens Energy S.A.C. | Peru | ||||||
| Siemens Energy, Inc. | Philippines | ||||||
| Siemens Energy Sp. z o.o. | Poland | ||||||
| Siemens Energy Unipessoal Lda.Siemens Energy W.L.L | Portugal | ||||||
| Siemens Energy S.R.L. | Qatar | ||||||
| Siemens Energy LLC | RomaniaRussia | ||||||
| Siemens Energy Ltd. | Saudi Arabia | ||||||
| Siemens Energy d.o.o. Beograd | Serbia | ||||||
| Siemens Energy Pte. Ltd. | Singapore | ||||||
| Siemens Energy (Pty) Ltd | South Africa | ||||||
| SIEMENS ENERGY, S.A. | Spain | ||||||
| Siemens Energy AB | Sweden | ||||||
| Siemens Energy Limited | Taiwan | ||||||
| Siemens Energy Limited | Thailand | ||||||
| Siemens Enerji Sanayi Ve Ticaret Anonim Sirketi | Turkey | ||||||
| Siemens Energy LLC | Ukraine | ||||||
| Siemens Energy LLC | UAE | ||||||
| Industrial Turbine Company (UK) Limited | UK | ||||||
| Siemens Energy Industrial Turbomachinery Ltd. | UK | ||||||
| Siemens Energy Limited | UK | ||||||
| DRESSER-RAND COMPANY | USA | ||||||
| SIEMENS DEMAG DELAVAL TURBOMACHINERY, INC. | USA | ||||||
| SIEMENS ENERGY, INC. | USA | ||||||
| Siemens Energy Limited Company | Vietnam |
| Key Managerial personnel | |
|---|---|
| Whole - Time Directors | Mr. Sunil Mathur |
| Dr. Daniel Spindler | |
| Company Secretary | Mr. Ketan Thaker |
| Non Executive Directors | Mr. Josef Kaeser (Director only upto 28.02.2021) |
| Mr. Cedrik Neike (Director only upto 30.11.2020) | |
| Mr. Johannes Apitzsch | |
| Ms. Mariel von Schumann (Director only upto 12.02.2021) | |
| Mr. Tim Holt | |
| Mr. Matthias Rebellius (Director w.e.f. 01.12.2020) | |
| Mr. Willem Rudolf Basson (Director w.e.f. 01.03.2021) | |
| Independent Directors | Mr. Deepak Parekh |
| Mr. Yezdi Malegam (Director only upto 29.01.2021) | |
| Mr. Darius Shroff (Director only upto 29.1.2020) | |
| Mr. Keki Dadiseth (Director only upto 29.1.2020) | |
| Mr. Mehernosh Kapadia | |
| Ms. Anjali Bansal | |
| Managing board of SAG | Dr. Roland Busch |
| Mr. Cedrik Neike | |
| Mr. Matthias Rebellius (Director w.e.f. 01.10.2020) | |
| Mr. Ralf P.Thomas | |
| Ms. Judith Wiese (Director w.e.f. 01.10.2020) | |
| Others | Ms. Sandra Marques Alves (Domestic partner of KMP) |
| Siemens India Ltd Indian Staff Provident Fund | |
| Siemens India Ltd Gratuity Fund | |
| Indian School of business (Common director only upto 29.1.2020) | |
| Breach Candy Hosp. Trust (Common directors) | |
| Omnicom India Marketing Advisory Services Pvt. Ltd.(Common director only upto 29.1.2020) | |
| Bharatiya Reserve Bank Note Mudran Private Limited (Common director only upto 29.1.2021) | |
| Delhivery Private Ltd (Common director) | |
Siemens Ltd.
Consolidated Related Party transactions for 6 months ended 31 March 2021
(Currency : Indian rupees millions)
### Related party transactions
| Description | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Ultimate Holding | Fellow | Fellow | Key managerial | Holding | Fellow | Key managerial | |||
| Company | Subsidiaries | Associates | personnel | Others | Company | Subsidiaries | personnel | Others | |
| Revenue (net of taxes) | |||||||||
| - Siemens AG | 2,134 | - | - | - | - | 2,395 | - | - | - |
| - Siemens W.L.L. | - | 532 | - | - | - | - | 146 | - | - |
| - Siemens Technology and Services Private Limited | - | 248 | - | - | - | - | 17 | - | - |
| - Siemens A.E., Electrotechnical Projects and Products | - | * | - | - | - | - | 495 | - | - |
| - Others | - | 1,217 | 4,626 | - | - | - | 3,681 | 2 | - |
| Commission income | |||||||||
| - Siemens AG | 15 | - | - | - | - | 24 | - | - | - |
| - Siemens Energy Industrial Turbomachinery Ltd. | - | - | 12 | - | - | - | 50 | - | - |
| - Others | - | - | 25 | - | - | - | 34 | - | - |
| Recoveries from group companies | |||||||||
| - Siemens AG | 270 | - | - | - | - | 274 | - | - | - |
| - Siemens Technology and Services Private Limited | - | 106 | - | - | - | - | 97 | - | - |
| - Siemens Industry Software (India) Private Limited | - | 25 | - | - | - | - | 25 | - | - |
| - Others | - | 86 | 76 | - | - | - | 201 | - | - |
| Reimbursement of expenses received | |||||||||
| - Siemens AG | 157 | - | - | - | - | 205 | - | - | - |
| - Siemens Pte. Ltd. | - | 49 | - | - | - | - | 1 | - | - |
| - Siemens Mobility GmbH | - | 28 | - | - | - | - | 15 | - | - |
| - Siemens Canada Limited - RuggedCom | - | 27 | - | - | - | - | - | - | - |
| - Others | - | 1 | 40 | - | - | - | 76 | - | - |
| Purchase of goods and services | |||||||||
| - Siemens AG | 14,815 | - | - | - | - | 11,085 | - | - | - |
| - Flender GmbH | - | 893 | - | - | - | - | 1,254 | - | - |
| - Siemens Mobility GmbH | - | 867 | - | - | - | - | 347 | - | - |
| - Siemens Medium Voltage Switching Technologies (Wuxi) Ltd. | - | 481 | - | - | - | - | 409 | - | - |
| - Others | - | 2,610 | 3,821 | - | - | - | 3,854 | - | - |
| Rent income | |||||||||
| - Siemens Financial Services Pvt. Ltd. | - | 38 | - | - | - | - | 42 | - | - |
| - Siemens Technology and Services Private Limited | - | 24 | - | - | - | - | 23 | - | - |
| - Siemens Healthcare Pvt. Ltd. | - | 18 | - | - | - | - | 56 | - | - |
| - Siemens Logistics India Private Limited | |||||||||
| - | 11 | - | - | - | - | 10 | - | - | |
| - Others | - | 1 | 34 | - | - | - | 13 | - | - |
| Interest income | |||||||||
| - Siemens Financial Services Pvt. Ltd. | - | 210 | - | - | - | - | 277 | - | - |
| - Siemens Factoring Private Limited | - | 26 | - | - | - | - | 26 | - | - |
| - Others | - | * | - | - | - | 3 | - | - | |
| Bank guarantee charges | |||||||||
| - Siemens AG | - 50 | - | - | - | 58 | - | - | - | |
| - Others | - | * | - | - | - | - | * | - | - |
| Dividend paid (on payment basis) | |||||||||
| - Siemens AG | - | - | - | - | - | 1,787 | - | - | - |
| - Siemens International Holding B.V., Netherlands | - | 1,189 | - | - | - | - | - | - | - |
| - Siemens Gas and Power Holding B.V., Netherlands | |||||||||
| - | - | 598 | - | - | - | - | - | - | |
| - Siemens Metals Technologies Vermögensverwaltungs GmbH | - | 82 | - | - | - | - | 82 | - | - |
| Purchase of fixed assets / investment property / capital work in progress | |||||||||
| - Siemens AG | 7 | - | - | - | - | 39 | - | - | - |
| - OEZ s.r.o. | - | 13 | - | - | - | - | 1 | - | - |
| - Siemens Circuit Protection Systems Ltd., Shanghai | - | 4 | - | - | - | - | - | - | - |
| - Flender GmbH | - | 3 | - | - | - | - | 2 | - | - |
| - Flender Ltd., China | - | 3 | - | - | - | - | - | - | - |
| - Siemens Sanayi ve Ticaret Anonim Sirketi | - | 1 | - | - | - | - | 54 | - | - |
| - Others | - | * | 9 | - | - | - | 2 | - | - |
| Sale of fixed assets / investment property | |||||||||
| - Siemens Electrical Drives Ltd. | |||||||||
| - | 17 | - | - | - | - | - | - | - | |
| - Siemens Healthcare Private Limited | - | * | - | - | - | - | - | - | - |
| - Others | - | - | - | - | - | - | 63 | - | - |
| Sale of business | |||||||||
| - Flender Drives Private Limited | - | 3,759 | - | - | - | - | - | - | - |
* denotes figures less than a million
Siemens Ltd.
Consolidated Related Party transactions for 6 months ended 31 March 2021
(Currency : Indian rupees millions)
Related party transactions (Continued)
| Description | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Ultimate Holding | Fellow | Key managerial | Holding | Fellow | Key managerial | ||||
| Company | Subsidiaries | Associate | personnel | Others | Company | Subsidiaries | personnel | Others | |
| Remuneration ** | |||||||||
| - Mr. Sunil Mathur | |||||||||
| Short term employee benefits | - | - | - | 86 | - | - | - | 84 | - |
| Post-employment benefits | - | - | - | 3 | - | - | - | 3 | - |
| Share based payments | - | - | - | 117 | - | - | - | 23 | - |
| - Dr. Daniel Spindler | |||||||||
| Short term employee benefitsPost-employment benefits | - | - | - | 28 | - | - | - | 35 | - |
| Share based payments | - | - | - | - | - | - | - | - | - |
| - | - | - | 10 | - | - | - | 3 | - | |
| - Mr. Ketan Thaker | |||||||||
| Short term employee benefits | - | - | - | 3 | - | - | - | 3 | - |
| Post-employment benefits | - | - | - | * | - | - | - | * | - |
| Share based payments | - | - | - | 4 | - | - | - | * | - |
| - Others | - | - | - | - 2 | - | 2 | - | ||
| Payment to Trusts | |||||||||
| - Siemens India Ltd Indian Staff Provident Fund | - | - | - | 226 | - | - | - | 225 | |
| - Siemens India Ltd Gratuity Fund | - | - | - | 210 | - | - | - | 193 | |
| Sitting fees to Independent Directors/Non-executive Directors | - | - | 1 | - | - | - | 2 | - | |
| Commission to Independent Directors/Non-executive Directors | - | - | 11 | - | - | - | 19 | - | |
| Loans / Inter Corporate Deposits given | |||||||||
| - Siemens Financial Services Pvt. Ltd. | - | 1,080 | - | - | - | 5,040 | - | - | |
| - Siemens Industry Software (India) Private Limited | - | - | - | - | - | 1,125 | - | - | |
| - Siemens Technology and Services Private Limited | - | 200 | - | - | - | 437 | - | - | |
| - Others | - | 100 | - | - | - | 420 | - | - | |
| Repayment of Loans / Inter corporate deposits given | |||||||||
| - Siemens Financial Services Pvt. Ltd. | - | 1,730 | - | - | - | 4,240 | - | - | |
| - Siemens Industry Software (India) Private Limited | - | - | - | - | - | 1,125 | - | - | |
| - Siemens Technology and Services Private Limited | - | 200 | - | - | - | 437 | - | - | |
| - Others | - | 310 | - | - | - | 240 | - | - | |
| Factoring of trade receivables *** | |||||||||
| - Siemens Financial Services Pvt. Ltd. | - | 78 | - | - | - | - | - | - | |
| - Siemens Factoring Private Limited | - | - | - | - | - | - | - | - | |
| Outstanding Balances | |||||||||
| Receivables | |||||||||
| - Siemens AG | 417 | - | - | - | - | 335 | - | - | - |
| - Siemens Technology and Services Private Limited | - | 137 | - | - | - | - | 24 | - | - |
| - Siemens A.E., Electrotechnical Projects and Products | - | * | - | - | - | - | 385 | - | - |
| - Others | - | 331 | 1,697 | - | - | - | 1,089 | - | - |
| Payables | |||||||||
| - Siemens AG | 9,912 | - | - | - | - | 5,632 | - | - | - |
| - Siemens Mobility GmbH | - | 603 | - | - | - | - | 227 | - | - |
| - Siemens Medium Voltage Switching Technologies (Wuxi) Ltd. | - | 426 | - | - | - | - | 244 | - | - |
| - Siemens Electrical Apparatus Ltd., Suzhou | - | 360 | - | - | - | - | 145 | - | - |
| - Others | - | 1,473 | 3,619 | - | - | - | 4,174 | - | - |
| Loans / Inter corporate deposits to related parties | |||||||||
| - Siemens Financial Services Pvt. Ltd. | - | 6,050 | - | - | - | 8,410 | - | - | |
| - Siemens Factoring Private Limited | - | 790 | - | - | - | 1,000 | - | - | |
| Interest receivable on inter corporate deposits | |||||||||
| - Siemens Financial Services Pvt. Ltd. | - | 51 | - | - | - | 63 | - | - | |
| - Siemens Factoring Private Limited | - | 6 | - | - | - | 7 | - | - | |
| Remuneration payable ** | |||||||||
| - Mr. Sunil Mathur | - | - | 44 | - | - | - | 44 | - | |
| - Dr. Daniel Spindler | - | - | 11 | - | - | - | 21 | - | |
| - Mr. Ketan Thaker | - | - | * | - | - | - | * | - | |
* denotes figures less than a million
** Remuneration does not include the provisions made for gratuity, leave and medical benefits, as they are determined on an actuarial basis for the company as a whole. Remuneration in the form of stock awards are included only upon vesting.
*** The Company has entered into factoring arrangement for certain trade receivables on a non recourse basis. Collections arising of the said arrangement amounting to Rs. 78 (2020: Rs. 0) have been adjusted All transactions entered into with related parties were on arm's length pricing basis