© Siemens

In the first quarter of FY 2024, Siemens discontinued accounting for Siemens Energy using the equity method; the remaining interest is reported as a financial asset measured at fair value through other comprehensive income; in the second quarter of FY 2023, Siemens Energy's investment had benefited from a gain of €1.6 billion from the partial reversal of a previous impairment of Siemens Energy AG and a gain of €0.2 billion in connection with a capital increase. from the partial reversal of an earlier impairment of Siemens' stake in Siemens Energy AG and income of EUR 0.2 billion in connection with a capital increase at Siemens Energy AG.