Consolidated Financial Statements 1. Consolidated Statements of Income Fiscal year (in millions of €, per share amounts in €) Note 2023 2022 Revenue 2, 30 77,769 71,977 Cost of sales (48,116) (46,130) Gross profit 29,653 25,847 Research and development expenses (6,183) (5,591) Selling and general administrative expenses (13,941) (12,857) Other operating income 5 574 2,171 Other operating expenses 6 (454) (285) Income (loss) from investments accounted for using the equity method, net 4 906 (2,085) Interest income 2,406 1,632 Interest expenses (1,373) (689) Other financial income (expenses), net (387) (987) Income from continuing operations before income taxes 11,201 7,154 Income tax expenses 7 (2,687) (2,741) Income from continuing operations 8,514 4,413 Income (loss) from discontinued operations, net of income taxes 15 (21) Net income 8,529 4,392 Attributable to: Non-controlling interests 579 669 Shareholders of Siemens AG 7,949 3,723 Basic earnings per share 28 Income from continuing operations 10.02 4.67 Income (loss) from discontinued operations 0.02 (0.03) Net income 10.04 4.65 Diluted earnings per share 28 Income from continuing operations 9.90 4.62 Income (loss) from discontinued operations 0.02 (0.03) Net income 9.91 4.59 2. Consolidated Statements of Comprehensive Income Fiscal year (in millions of €) 2023 2022 Net income 8,529 4,392 Remeasurements of defined benefit plans 17 (104) (589) therein: Income tax effects (84) (560) Remeasurements of equity instruments (41) 1 therein: Income tax effects − (1) Income (loss) from investments accounted for using the equity method, net 10 72 Items that will not be reclassified to profit or loss (135) (516) Currency translation differences (4,262) 6,803 Derivative financial instruments (8) (74) therein: Income tax effects (15) 45 Income (loss) from investments accounted for using the equity method, net (161) 398 Items that may be reclassified subsequently to profit or loss (4,431) 7,127 Other comprehensive income, net of income taxes (4,566) 6,611 Total comprehensive income 3,962 11,003 Attributable to: Non-controlling interests (10) 1,450 Shareholders of Siemens AG 3,972 9,553 3