Philips 2004 Annual Report Download - page 139
Download and view the complete annual report
Please find page 139 of the 2004 Philips annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
 |
 |
The changes in total provisions excluding deferred tax liabilities are as follows:
2002 2003 2004
Balance as of January 1 3,253 3,162 2,768
Changes:
Additions 1,550 867 893
Utilizations (1,185) (914) (832)
Releases (223) (179) (91)
Translation differences (199) (165) (61)
Changes in consolidation (34)(3)(7)
Balance as of December 31 3,162 2,768 2,670
Product warranty
The provision for product warranty reflects the estimated costs of replacement and
free-of-charge services that will be incurred by the Company with respect to products sold. The
changes in the provision for product warranty are as follows:
2002 2003 2004
Balance as of January 1 442 377 387
Changes:
Additions 382 404 427
Utilizations (361) (351) (426)
Releases (33) (16) (10)
Translation differences (36) (27) (8)
Changes in consolidation (17)– (6)
Balance as of December 31 377 387 364
Loss contingencies (environmental remediation and product liability)
This provision includes accrued losses recorded with respect to environmental remediation and
product liability (including asbestos) obligations which are probable and reasonably estimatable.
Please refer to note 26.
The changes in this provision are as follows:
2002 2003 2004
Balance as of January 1 243 263 284
Changes:
Additions 72 101 82
Utilizations (16) (38) (52)
Releases – (2) (2)
Translation differences (36) (40) (19)
Balance as of December 31 263 284 293
Postemployment benefits
The provision for postemployment benefits covers benefits provided to former or inactive
employees after employment but before retirement, including salary continuation, supplemental
unemployment benefits and disability-related benefits.
138 Philips Annual Report 2004
Financial statements of the Philips Group