Philips 2004 Annual Report Download - page 96
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Supplemental disclosures to consolidated statements of cash flows:
2002 2003 2004
Decrease in working capital/other current assets:
Decrease (increase) in receivables and other current assets 97 11 (287)
Decrease (increase) in inventories 173 57 (138)
Increase in accounts payable, accrued and other liabilities 545 239 779
815 307 354
Net cash paid during the year for:
Interest 384 322 281
Income taxes 313 306 323
Net gain on sale of assets:
Cash proceeds from the sale of assets 1,281 1,915 2,368
Book value of these assets (625) (948) (1,024)
Deferred results on sale-and-leaseback transactions (95) 20 3
Non-cash gains or losses 82 –(19)
643 987 1,328
Non-cash investing and financing information:
O
30 Assets received in lieu of cash from the sale of businesses:
Shares 113 26 6
Receivables/loans –– 8
Treasury stock transactions:
Shares acquired (103) (1) (96)
Exercise of stock options/convertible personnel debentures 84 50 78
For a number of reasons, principally the effects of translation differences and consolidation changes, certain items in the statements of
cash flows do not correspond to the differences between the balance sheet amounts for the respective items.
The accompanying notes are an integral part of these consolidated financial statements.
95Philips Annual Report 2004