Philips 2004 Annual Report Download - page 173
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Other Activities
This sector comprises various activities and businesses not belonging to a product sector. It
consists of four groups of activities: the Technology Cluster (such as Philips Research,
Intellectual Property and Standards, Philips Centre for Industrial Technology and the Incubator),
Corporate Investments (such as Assembléon, Philips Enabling Technologies Group), Global
Service Units and Miscellaneous (such as Optical Storage and NAVTEQ). Following an IPO,
Philips’ interest in NAVTEQ was reduced during 2004 and as a consequence is no longer
consolidated (from August 2004 onwards). Also included are some remaining former
businesses from other sectors and the equity investments in Atos Origin (up to and including
November 2004), LG.Philips Displays and LG.Philips LCD. Furthermore, TSMC was reclassified
from Semiconductors to Other Activities in 2004.
Unallocated
Unallocated includes general and administrative expenses in the corporate center and the costs
of regional and country organizations. Also included are the costs for the Company’s global
brand management and sustainability programs.
172 Philips Annual Report 2004
Financial statements of the Philips Group