Philips 2004 Annual Report Download - page 134

After the sale of shares in Atos Origin, Philips’ shareholding was reduced to 15.4%. As a result
of this transaction and due to the fact that the remaining portion is considered to be available
for sale, the equity value of Atos Origin (EUR 364 million) is reclassified from unconsolidated
companies to other non-current financial assets (please refer to note 5).
During 2003, 13,810,000 ASML shares were sold at a gain of EUR 114 million. Additionally,
6,000,000 shares of Vivendi Universal were sold at a gain of EUR 19 million. Furthermore, the
Company sold 10,397,000 shares in JDS Uniphase at a gain of EUR 13 million. The gains on the
sale of these shares have been recorded under financial income and expenses (please refer to
note 3).
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13 Non-current receivables
Non-current receivables include receivables with a remaining term of more than one year, and
the non-current portion of income taxes receivable amounting to EUR 23 million (2003:
EUR 19 million).
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14 Other non-current assets
Other non-current assets in 2004 are primarily comprised of prepaid pension costs of
EUR 1,329 million (2003: EUR 1,152 million) and deferred tax assets of EUR 1,463 million
(2003: EUR 1,417 million).
133Philips Annual Report 2004