Philips 2004 Annual Report Download - page 125
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O
5Investments in unconsolidated companies
Results relating to unconsolidated companies
2002 2003 2004
Company’s participation in income and loss (10) 169 983
Results on sales of shares 5 715 193
Gains and losses arising from dilution effects (12) 53 254
Investment impairment charges (1,305) (431) (8)
Amortization of goodwill (24)– –
Total (1,346) 506 1,422
Detailed information of the aforementioned individual line items is set out below.
Company’s participation in income and loss
2002 2003 2004
LG.Philips LCD 169 382 575
LG.Philips Displays (283) (385) (69)
SSMC (54) (7) -
Others 158 179 477
Total (10) 169 983
2004
LG.Philips Displays’ loss included impairment charges of EUR 84 million, which were recorded
in conjunction with the write-down of its assets in Dreux (France), Ann Arbor (USA) and
Barcelona (Spain).
InterTrust Technologies Corp. contributed a net gain of EUR 100 million related to its license
agreement with Microsoft Corp. Various other unconsolidated companies (primarily TSMC and
Atos Origin) contributed a net profit of EUR 377 million. As of August 2004, NAVTEQ is
recorded under investments in unconsolidated companies (please refer to note 2).
2003
LG.Philips Displays’ loss was primarily attributable to impairment charges recorded in
conjunction with a write-down of its assets. Various other unconsolidated companies (primarily
TSMC and Atos Origin) contributed a net profit of EUR 172 million.
2002
The loss of LG.Philips Displays was attributable to an impairment charge recorded by them in
conjunction with a structural reduction of fixed costs. Various other unconsolidated companies
(primarily TSMC, SSMC and Atos Origin) contributed a net profit of EUR 104 million.
124 Philips Annual Report 2004
Financial statements of the Philips Group