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Annual Report 2010

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Information by sector and main country

Information by sector and main country

Sectors
 
sales
sales including intercompany
research and
development
expenses
income from operations
income from operations as a % of sales
results relating to investments in associates
cash flow before financing
activities1)
 
 
 
 
 
 
 
 
2010
 
 
 
 
 
 
 
Healthcare
8,601
8,611
(698)
922
10.7
8
1,139
Consumer Lifestyle
8,906
8,926
(369)
595
6.7
2
404
of which Television
3,155
3,165
(87)
(130)
(4.1)
(117)
Lighting
7,552
7,563
(355)
695
9.2
(6)
590
Group Management & Services
360
530
(154)
(147)
(40.8)
14
(679)
Inter-sector eliminations
 
(211)
 
 
 
 
 
 
25,419
25,419
(1,576)
2,065
8.1
18
1,454
 
 
 
 
 
 
 
 
2009
 
 
 
 
 
 
 
Healthcare
7,839
7,849
(679)
591
7.5
5
889
Consumer Lifestyle
8,467
8,486
(395)
321
3.8
(1)
598
of which Television
3,122
3,130
(95)
(179)
(5.7)
(16)
Lighting
6,546
6,555
(351)
(16)
(0.2)
(3)
624
Group Management & Services
337
455
(206)
(282)
(83.7)
75
(785)
Inter-sector eliminations
 
(156)
 
 
 
 
 
 
23,189
23,189
(1,631)
614
2.6
76
1,326
 
 
 
 
 
 
 
 
2008
 
 
 
 
 
 
 
Healthcare
7,649
7,663
(672)
621
8.1
8
(2,478)
Consumer Lifestyle
10,889
10,923
(513)
110
1.0
238
of which Television
4,724
4,741
(106)
(436)
(9.2)
(487)
Lighting
7,362
7,371
(345)
24
0.3
1
(1,181)
Group Management & Services
485
624
(247)
(701)
(144.5)
10
1,815
Inter-sector eliminations
 
(196)
 
 
 
 
 
 
26,385
26,385
(1,777)
54
0.2
19
(1,606)
1) Prior period amounts have been revised to reflect an adjusted sector allocation

Our sectors are organized based on the nature of the products and services. The four sectors comprise Healthcare, Consumer Lifestyle, Lighting and Group Management & Services as shown in the table above. A short description of these sectors is as follows:

Healthcare: Consists of the following businesses - Imaging Systems, Home Healthcare Solutions, Patient Care & Clinical Informatics, and Customer Services.

Consumer Lifestyle: Consists of the following businesses - Television, Personal Care, Audio & Video Multimedia, Domestic Appliances, Accessories, Health & Wellness, and Licenses.

Lighting: Consists of the following businesses - Lamps, Professional Luminaires, Consumer Luminaires, Lighting Systems & Controls, Automotive, and Lumileds.

GM&S: Consists of the corporate center, as well as the overhead expenses of regional and country organizations. Also included are the costs of Philips’ pension and other postretirement benefit costs not directly allocated to the other sectors.

Transactions between the sectors mainly relate to services provided by the sector Group Management & Services to the other sectors. The pricing of such transactions is determined on an arm’s length principle.

Sectors
 
total assets
net operating capital
total liabilities excl. debt1)
accounts receivable, net
tangible and intangible assets
depreciation and amortization2)
impairment of property, plant and equipment and intangible assets
capital expenditures
 
 
 
 
 
 
 
 
 
2010
 
 
 
 
 
 
 
 
Healthcare
11,962
8,908
2,978
1848
8,194
(563)
(5)
179
Consumer Lifestyle
3,858
911
2,946
1082
1,525
(260)
(27)
148
of which Television
893
(299)
1,188
377
70
(66)
(6)
33
Lighting
7,379
5,561
1,800
1072
5,014
(458)
(17)
273
Group Management & Services
9,070
(3,309)
4,795
102
765
(141)
(17)
53
 
32,269
12,071
12,519
4,104
15,498
(1,422)
(66)
653
 
 
 
 
 
 
 
 
 
2009
 
 
 
 
 
 
 
 
Healthcare
10,969
8,434
2,464
1,571
7,766
(584)
(17)
164
Consumer Lifestyle
3,286
625
2,660
1,096
1,383
(248)
(21)
137
of which Television
599
(386)
984
334
61
(74)
(8)
30
Lighting
6,748
5,104
1,633
909
4,860
(503)
(81)
165
Group Management & Services
9,524
(1,514)
4,859
93
766
(134)
(24)
58
 
30,527
12,649
11,616
3,669
14,775
(1,469)
(143)
524
 
 
 
 
 
 
 
 
 
2008
 
 
 
 
 
 
 
 
Healthcare
11,423
8,785
2,566
1,586
8,117
(486)
(1)
206
Consumer Lifestyle
3,576
798
2,776
1,235
1,210
(358)
(93)
171
of which Television
988
(238)
1,224
535
79
(115)
(12)
62
Lighting
7,222
5,712
1,494
874
5,138
(547)
(373)
304
Group Management & Services
9,689
(1,226)
5,293
118
788
(137)
(15)
89
 
31,910
14,069
12,129
3,813
15,253
(1,528)
(482)
770
1) 2009: adjusted for tax and intercompany financing liabilities
2) Includes impairments
Goodwill assigned to sectors
 
carrying value
at January 1
acquisitions
impairment
translation differences and other changes
carrying value at December 31
 
 
 
 
 
 
2010
 
 
 
 
 
Healthcare
4,923
21
437
5,381
Consumer Lifestyle
463
49
20
532
Lighting
1,976
14
132
2,122
Group Management & Services
 
7,362
84
589
8,035
 
 
 
 
 
 
2009
 
 
 
 
 
Healthcare
4,961
26
(64)
4,923
Consumer Lifestyle
364
80
19
463
Lighting
1,955
43
(22)
1,976
Group Management & Services
 
7,280
149
(67)
7,362

Main countries
 
sales1)
tangible and intangible assets2)
 
 
 
2010
 
 
Netherlands
816
1,274
United States
6,459
10,032
Germany
2,003
282
China
1,976
446
France
1,457
100
Brazil
1,092
148
Japan
862
568
Other countries
10,754
2,648
 
25,419
15,498
 
 
 
2009
 
 
Netherlands
872
1,194
United States
6,130
9,513
Germany
1,968
288
China
1,714
369
France
1,501
111
Brazil
936
128
Japan
678
489
Other countries
9,390
2,683
 
23,189
14,775
 
 
 
2008
 
 
Netherlands
1,017
1,392
United States
7,015
9,959
Germany
2,048
302
China
1,747
378
France
1,691
143
Brazil
1,077
97
Japan
606
479
Other countries
11,184
2,503
 
26,385
15,253
The sales are reported based on country of destination.
1) Amounts of 2009 revised to reflect an adjusted country allocation
2) Amounts of 2008 revised to reflect an adjusted country allocation
Sustainability analyst
Financial analyst
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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.