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Annual Report 2010

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Consolidated balance sheets of the Philips Group as of December 31

Assets
 
 
2009
 
2010
 
 
 
 
 
Non-current assets
 
 
 
 
 
 
 
 
 
Property, plant and equipment:
 
 
 
 
- At cost
8,054
 
8,325
 
- Less accumulated depreciation
(4,802)
 
(5,060)
 
 
 
3,252
 
3,265
Goodwill
 
7,362
 
8,035
 
 
 
 
 
Intangible assets excluding goodwill:
 
 
 
 
- At cost
6,466
 
7,197
 
- Less accumulated amortization
(2,305)
 
(2,999)
 
 
 
4,161
 
4,198
Non-current receivables
 
85
 
88
 
 
 
 
 
Investments in associates
 
281
 
181
 
 
 
 
 
Other non-current financial assets
 
691
 
479
 
 
 
 
 
Deferred tax assets
 
1,243
 
1,351
 
 
 
 
 
Other non-current assets
 
1,543
 
75
 
 
 
 
 
Total non-current assets
 
18,618
 
17,672
 
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Inventories - net
 
2,913
 
3,865
 
 
 
 
 
Current financial assets
 
191
 
5
 
 
 
 
 
Other current assets
 
334
 
348
 
 
 
 
 
Derivative financial assets
 
102
 
112
 
 
 
 
 
Income tax receivable
 
81
 
79
 
 
 
 
 
Current receivables:
 
 
 
 
- Accounts receivable - net
3,669
 
4,104
 
- Accounts receivable from related parties
14
 
20
 
- Other current receivables
219
 
231
 
 
 
3,902
 
4,355
 
 
 
 
 
Cash and cash equivalents
 
4,386
 
5,833
 
 
 
 
 
Total current assets
 
11,909
 
14,597
 
 
 
 
 
 
 
30,527
 
32,269
The accompanying notes are an integral part of these consolidated financial statements
Equity and liabilities
 
 
2009
 
2010
Equity
 
 
 
 
 
 
 
 
 
Shareholders’ equity:
 
 
 
 
Preference shares, par value EUR 0.20 per share:
 
 
 
 
- Authorized: 2,000,000,000 shares (2009: 2,000,000,000 shares), issued none
 
 
 
 
Common shares, par value EUR 0.20 per share:
 
 
 
 
- Authorized: 2,000,000,000 shares (2009: 2,000,000,000 shares)
 
 
 
 
- Issued and fully paid: 986,078,784 shares (2009: 972,411,769 shares)
194
 
197
 
Capital in excess of par value
 
354
 
Retained earnings
15,947
 
15,416
 
Revaluation reserve
102
 
86
 
Other reserves
(461)
 
69
 
Treasury shares, at cost 39,572,400 shares (2009: 44,954,677 shares)
(1,187)
 
(1,076)
 
 
 
14,595
 
15,046
 
 
 
 
 
Non-controlling interests
 
49
 
46
 
 
 
 
 
Group equity
 
14,644
 
15,092
 
 
 
 
 
Non-current liabilities
 
 
 
 
 
 
 
 
 
Long-term debt
 
3,640
 
2,818
Long-term provisions
 
1,734
 
1,716
Deferred tax liabilities
 
530
 
171
Other non-current liabilities
 
1,929
 
1,714
 
 
 
 
 
Total non-current liabilities
 
7,833
 
6,419
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
Short-term debt
 
627
 
1,840
Derivative financial liabilities
 
276
 
564
Income tax payable
 
118
 
291
Accounts and notes payable:
 
 
 
 
- Trade creditors
2,775
 
3,686
 
- Accounts payable to related parties
95
 
5
 
 
 
2,870
 
3,691
Accrued liabilities
 
2,740
 
2,995
Short-term provisions
 
716
 
623
Other current liabilities
 
703
 
754
 
 
 
 
 
Total current liabilities
 
8,050
 
10,758
 
 
 
 
 
Contractual obligations and contingent liabilities
 
 
 
 
 
 
 
 
 
 
 
30,527
 
32,269

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This is an interactive electronic version of the Philips Annual Report 2010 and also contains certain information in summarized form. The contents of this version are qualified in their entirety by reference to the printed version of the full Philips Annual Report 2010. This printed version is available as a PDF file on this website. Information about: forward-looking statements, third-party market share data, fair value information, IFRS basis of presentation, use of non-GAAP information, statutory financial statements and management report, reclassifications and analysis of 2009 compared to 2008.