Among other factors, the increase is due to the implementation of the second phase of the Siemens Healthineers Strategy 2025, the so-called Upgrading phase, as well as to integration costs, in particular in Advanced Therapies due to the acquisition of Corindus Vascular Robotics, Inc. (hereinafter "Corindus"). In the first half of fiscal year 2020, revenue from leases amounted to €156 million (first half of fiscal year 2019: €96 million).The condensed half-year consolidated financial statements as of March 31, 2020, present the operations of Siemens Healthineers AG and its subsidiaries (hereinafter, collectively, "Group" or "Siemens Healthineers").
Within Diagnostics, markets for point-of-care tests to monitor patients and lab tests to detect SARS-CoV-2 and identify antibodies are expected to increase, while at the same time the demand for certain diagnostic reagents, particularly for routine tests, might be reduced as patient volume decreases. At Siemens Healthineers, we are developing solutions to improve diagnostics.
The COVID-19 pandemic and associated significant uncertainties have been considered, where relevant, in accounting estimates and judgments. Effects from COVID-19 pandemic on adjusted EBIT margin were insignificant. As of March 31, 2020, it was utilized in the amount of €0.8 billion (September 30, 2019: €0.0 billion).Other liabilities to Siemens GroupWirtschaftsprüfungsgesellschaftA.3.1 Net assets and capital structureAfter the first confirmed appearance of SARS-CoV-2 in China at the end of 2019, the virus spread rapidly, resulting in the COVID-19 pandemic in the second quarter of fiscal year 2020. See the complete profile on LinkedIn and discover Nhung’s connections and jobs at similar companies. By combining Siemens Healthineers' cardiovascular and neuro- interventional therapy systems with Corindus' innovative technology, Siemens Healthineers is able to drive optimization of procedures for image-based minimally invasive therapies. provided that a beneficiary remains in the company, one quarter of the stock awards granted will be fulfilled each year. View Nhung Cao Thị Hồng’s profile on LinkedIn, the world's largest professional community. computed tomography systems, x-ray systems, ultrasound devices and digital solutions, which might counterbalance or outweigh reduced demand for our other Imaging offerings. The information refers nevertheless to persons of any gender.leases which lead to off-balance reportingThis document contains statements related to our future business and financial performance and future events or developments involving Siemens Healthineers that may constitute forward- looking statements. In December 2019, a multicurrency revolving credit facility of up to €1.1 billion (September 30, 2019: €1.0 billion) granted by Siemens AG, which serves as a short-term loan facility and to finance net working capital, was extended until January 31, 2023.Due to the COVID-19 pandemic, the assumptions underlying our original forecast for fiscal year 2020 are to a large extent no longer applicable. Effects of the COVID-19 pandemic lowered revenue growth in a percentage range of low to medium single-digits.Interim group management report - Market developmentThe fair values of contingent considerations were derived from probability-weighted future payments, which mainly depend on the achievement of technical and commercial milestones as well as on the achievement of sales targets (level 3).Earnings before interest and taxesWith the closing of the acquisition of Corindus, Siemens provided Siemens Healthineers with an additional financing of €1.0 billion in the first quarter of fiscal year 2020.Total revenue in Diagnostics increased nominally by 2% to €2,018 million.
The non-controlling interests participate in profits and losses during the reporting period.Adjusted basic earnings per shareCompared to our assumptions in the 2019 annual report, we expect that market developments will change. The carrying amounts of the remaining financial assets and liabilities measured at amortized cost approximated their fair value.B. In contrast, net income attributable to shareholders of Siemens Healthineers AG of €712 million increased the retained earnings.² Excluding separately disclosed receivables from finance leases.In connection with financing of operating activities through participation in the Siemens Group's cash pooling and cash management, the balance of current receivables from and current payables to the Siemens Group decreased in the first half of fiscal year 2020. This development is expected to significantly impact economies worldwide. In case of discrepancies, the German language document is the sole authoritative and universally valid version.
Deferred tax liabilities increased by €199 million to €574 million. A counterbalancing factor was a higher capitalization of internally generated assets.
IFRS 16 introduced a single lessee accounting model (so-calledright-of-use model) requiring lessees to recognize right-of-use assets and lease liabilities.
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