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30 Directors’ Report Within Country For the third year in a row, the company has been awarded second place in the Top 25 companies in Karachi Stock Exchange which is really appreciable in view of increasing competition. Siemens brand was selected as the brand of the year and a model for other brands at a ceremony in Islamabad. Further, Siemens Pakistan was recognized for its corporate excellence at the 25th Corporate Excellence awards organized by Management Association of Pakistan. For third year in a row Siemens newsletter “ Siemens Ki Dunya” was declared the best corporate newsletter of Pakistan by a jury of National Council of Culture and Art.
Directors’ Report 31 Market share Siemens Pakistan's vision is always to remain market leader in the relevant business segments and our target is to be No.1 or No.2 in all segments of business operation. Hence by leveraging our global resources we will continue to strengthen our local presence to maintain our leading positions in our three focused sectors namely Industry, Energy and Healthcare. Appropriations Following is the summary of appropriations made during the year. (Rupees in thousands) Retained earnings - October 01, 2007 2,621,734 Net profit after taxation for the year ended September 30, 2008 1,679,068 Appropriations Final Dividend @ Rs.60 per share for the year ended September 30, 2007 (494,822) Interim dividend @ Rs.30 per share for the year ended September 30, 2008 (247,411) Transfer to General Reserve (1,000,000) Retained earnings - September 30, 2008 2,558,569 Dividend Considering the excellent performance during the financial year ended on September 30, 2008 and to appropriately reward the Members while conserving the resources to meet the future financial requirements, the Board of Directors recommends a final Dividend of Rs 60 per equity share of Rs.10 each (600%). This is in addition to the interim dividend of Rs 30 per equity share ( 300%), already paid making total dividend for the year ended September 30, 2008 of Rs 90 per share i.e. 900% (2007: Rs 90 per share i.e. 900%). Rupees in Million Dividend & Dividend Pay out Ratio 800 100 94.17 700 742 90 728 1,394 80 600 70.76 70 57.71 500 53.79 513 60 400 419 44.21 388 300 29.34 200 202 100 0 0 2003 2004 2005 2006 2007 2008 Dividend Dividend Payout Ratio 50 40 30 20 10 As a percentage of PAT Post balance sheet events There have been no material changes since September 30, 2008 to the date of this report except the declaration of final dividend which is subject to the approval of the Members at the 56th Annual General Meeting to be held on November 29, 2008. The effect of such declaration shall be reflected in the next year's financial statements.
Page 1 and 2: 1 Annual Report 2008 Pakistan Answe
Page 3 and 4: Mission 3 Mission To realize our vi
Page 5 and 6: Contents 5 Corporate Governance At
Page 7 and 8: Corporate Strategies 7 Overall Corp
Page 9 and 10: Our Values 9 Our values Highest per
Page 11 and 12: Code of conduct and ethics 11 We ar
Page 14 and 15: 14 Board of Directors Board of Dire
Page 16 and 17: 16 Board of Directors Mr. Klaus Ste
Page 18 and 19: 18 Committees Board Committees Mana
Page 20 and 21: 20 Information to Stakeholders Key
Page 22 and 23: 22 Information to Stakeholders Vert
Page 24 and 25: 24 Directors’ Report Dear Shareho
Page 26 and 27: 26 Directors’ Report Performance
Page 28 and 29: 28 Directors’ Report Industry Sec
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Page 60 and 61: 60 Fit4 2010 Operational Excellence
Page 62 and 63: 62 Fit4 2010 We succeed through our
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80 Power Transmission & Distributio
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82 Industry, Infrastructure & Power
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94 Automation & Drives
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98 Automation & Drives Standard Pro
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100 Medical, OEM Onshore, Transport
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104 Innovation at Siemens SOMATOM D
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118 Innovation at Siemens
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Statement of Compliance 121 16. All
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Auditors’ Report 123 Auditors’
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Balance Sheet 125 Siemens (Pakistan
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Cash Flow Statement 127 Siemens (Pa
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