Philips 2004 Annual Report Download - page 191

The intangible fixed assets represent goodwill and other intangibles arising from acquisitions and
expenditures for patents and trademarks. Acquisitions comprise various small investments.
The amortization period ranges between 5 and 15 years.
O
FOther liabilities
2004 2003
Income tax payable 67 5
Other short-term liabilities 62 74
Deferred income and accrued expenses 359 313
Derivative instruments – liabilities 138 143
Total 626 535
O
GShort-term debt
Short-term debt includes the current portion of outstanding long-term debt amounting to
EUR 454 million (2003: EUR 1,466 million) and debt to other Group companies totaling
EUR 9,693 million (2003: EUR 6,395 million). No institutional financing was outstanding in 2004
(2003: EUR 6 million).
O
HProvisions
2004 2003
Pensions 916
Deferred tax liabilities 146 93
Other 14 15
Total 169 124
Of which long-term 130 35
Of which short-term 39 89
As almost all obligations in connection with pension plans have been covered by separate
pension funds or third parties, the provision for pensions refers to additional payments that the
Company intends to make in the future.
O
ILong-term debt
range of
interest rates
average rate
of interest
amount
outstanding
due
in 2005
due after
2005
due after
2009
average
remaining
term (in years)
amount
outstanding
2003
Eurobonds 5.8 – 8.3 6.1 2,701 251 2,450 750 4.4 4,125
USD bonds 7.3 – 8.4 7.7 374 – 374 176 7.2 519
USD putable bonds 7.1 – 7.2 7.2 195 – 195 – 1.9 213
Convertible debentures 0.2 – 1.1 0.4 160 160 – – – 155
Intercompany financing 1.1 – 2.2 2.1 933 933 – – – 376
Other long-term debt 2.6 – 12.1 3.6 185 43 142 116 5.0 263
Total 4,548 1,387 3,161 1,042 5,651
Corresponding data previous
year 5,651 1,842 3,809 1,134
190 Philips Annual Report 2004
Dutch GAAP information