Philips 2004 Annual Report Download - page 138

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18 Accrued liabilities
Accrued liabilities are summarized as follows:
2003 2004
Personnel-related costs:
Salaries and wages 545 554
Accrued holiday entitlements 216 212
Other personnel-related costs 127 154
Fixed-assets-related costs
(Gas, water, electricity, rent and other) 111 109
Taxes:
Income tax payable 235 277
Other taxes payable – 9
Communication & IT costs 84 66
Distribution costs 100 85
Sales-related costs:
Commissions payable 52 29
Advertising and marketing-related costs 123 122
Other sales-related costs 371 309
Material-related costs 113 190
Interest-related accruals 168 135
Deferred income 250 486
Derivative instruments – liabilities 156 149
Liabilities for restructuring costs (see note 2) 115 114
Other accrued liabilities 399 307
Total 3,165 3,307
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19 Provisions
Provisions are summarized as follows:
2003 2004
long-term short-term long-term short-term
Pensions for defined-benefit plans
(see note 20) 755 63 893 86
Other postretirement benefits (see note 21) 394 45 435 29
Deferred tax liabilities (see note 4) 65 92 174 54
Restructuring (see note 2) 12 114 18 16
Product warranty 47 340 25 339
Postemployment benefits and obligatory
severance payments 226 81 133 50
Loss contingencies (environmental
remediation and product liability) 187 97 233 60
Other provisions 290 117 206 147
Total 1,976 949 2,117 781
137Philips Annual Report 2004