Consolidated balance sheets

Consolidated balance sheets of the Philips Group as of December 31

Assets Download XLS
		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 Download XLS
		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