Siemens Pakistan Engineering : Transmission of Annual report for the Year Ended 2023-09-30

A C C E L E R A T E

Digital Transformation

Annual Report 2023

Pakistan

siemens.com.pk

Contents

1			4
Our Company		Financial Report
1.1	Company Information	3	4.1	Auditors' Review Report	32
1.2	Our Four Strategic Priorities	4	4.2	Statement of Compliance	33
1.3	Who we are	9	4.3	Auditors' Report	35
1.4	Chairman's / Directors' Profile	10	4.4	Statement of Financial Position	40
1.5	Management Profile	14	4.5	Statement of Profit or Loss	41
1.6	Chairman's Review Report	15	4.6	Statement of Comprehensive Income	42
1.7	Directors' Report	16	4.7	Statement of Cash Flows	43
1.8	Board Committees and Terms of Reference	23	4.8	Statement of Changes in Equity	44
			4.9	Notes to the Financial Statements	45

2		5
Information for stakeholders		Shareholders' Information
2.1 Key Operating and Financial Data	25	5.1	Pattern of Shareholding	79
		5.2	Categories of Shareholders	80
		5.3	Notice of Annual General Meeting	81
		5.4	ٹروپر زرٹکیرئاڈ	91
		5.5	ٹروپر ہزئاج یک نیمرئیچ	92
		5.6	Proxy Form مراف یسکارپ
		5.7	Dividend Mandate Form
3		5.8	Request Form for Annual Report and
		Notices through E-mail

Sustainability at Siemens

3.1 Sustainability and Corporate Citizenship

at Siemens

28

Company Information

Registered & Head Office	Other Information
Siemens (Pakistan) Engineering Company Limited	Company Secretary
B-72, Estate Avenue, S.I.T.E., Karachi-75700	Khurram Muhammad Siddique
UAN: [phone]
http://www.siemens.com.pk	Auditors
	EY Ford Rhodes, Chartered Accountants
Board of Directors	Progressive Plaza, Beaumont Road
Chairman of the Board	P.O. Box 15541, Karachi 75530
Karl Stefan Werner	Pakistan
Non-Executive Directors	Phone: [phone]
UAN: [phone] (EYFR)
Oliver Spierling
Adnan Afridi	Bankers
Harald Griem	BNP Paribas (Dubai), UAE
M. Usman Ansari	Bank Alfalah, Afghanistan
Independent Directors	Citibank N.A.
Deutsche Bank AG
Qazi Sajid Ali	Habib Bank Limited
Ayla Majid (Female Director)	Habib Metropolitant Bank Limited
Executive Director	Meezan Bank Limited
Standard Chartered Bank, UAE
Syed Muhammad Daniyal	Standard Chartered Bank (Pakistan) Limited
Committees of the Board	Tax Advisor
Audit Committee	KPMG Taseer Hadi & Co.
Ayla Majid (Chairwoman)
Karl Stefan Werner	Legal Advisor
Adnan Afridi	Mr. Umer Hayat
Harald Griem	(Chaudhary Law Associates)
Human Resource and Remuneration Committee	Registrar and Share Transfer Agent
Qazi Sajid Ali (Chairman)	THK Associates (Pvt.) Limited
Oliver Spierling	Plot No. 32-C, Jami Commercial Street-2
	D.H.A., Phase-VII, Karachi
Management	Pakistan
Acting Managing Director	UAN: [phone]
Syed Muhammad Daniyal
Chief Financial Officer	Trading Symbol
SIEM
Syed Muhammad Ahsan Ghazali

SIEMENS ANNUAL REPORT 2023

3

Our Four Strategic Priorities

Customer impact

We are taking impact to the next level, aiming to anticipate what our customers need before they even know they need it.

4

SIEMENS ANNUAL REPORT 2023

Our Four Strategic Priorities

Empowered people

Authority for decision making should be delegated to where it is needed, at the lowest possible level. Freedom to act is directed by guiding principles.

SIEMENS ANNUAL REPORT 2023

5

Our Four Strategic Priorities

Technology with purpose

We shape and apply our technology to transform our customers' industries and solving the world's most pressing issues.

6

SIEMENS ANNUAL REPORT 2023

Our Four Strategic Priorities

Growth mindset

We can shape what and who we want to become. The "hand we've been dealt" at birth is only our starting point. The rest is up to us.

SIEMENS ANNUAL REPORT 2023

7

transforming the everyday

Syed Muhammad Daniyal	Syed Muhammad Ahsan Ghazali
Acting Managing Director	Chief Financial Ocer