Philips 2005 Annual Report Download - page 153
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Philips Annual Report 2005 153
In 2005, Philips sold its remaining shareholding in Great Nordic (6.8 million shares) for an amount of EUR 67 million,
resulting in a non-taxable gain of EUR 48 million. Philips no longer has a stake in Great Nordic.
15
Non-current receivables
Non-current receivables include receivables with a remaining term of more than one year, and the non-current
portion of income taxes receivable amounting to EUR 10 million (2004: EUR 23 million).
16
Other non-current assets
Other non-current assets in 2005 are primarily comprised of prepaid pension costs of EUR 1,676 million
(2004: EUR 1,329 million) and deferred tax assets of EUR 1,523 million (2004: EUR 1,463 million).
1515
1616
Other non-current nancial assets
− −
− −
− −
nancialincomeandexpenses(pleaserefertonote5).
AtosOrigin’soutstandingshareswhichwerereclassiedin2004from
non-currentnancialassets.
1111
1212
1313
1414
17
Property, plant and equipment
total
land and
buildings
machinery and
installations lease assets
other
equipment
prepayments
and
construction in
progress
no longer
productively
employed
Balance as of January 1, 2005:
Cost 14,298 3,163 8,450 73 1,996 581 35
Accumulated depreciation (9,427) (1,554) (6,199) (41) (1,603) −(30)
Book value 4,871 1,609 2,251 32 393 581 5
Changes in book value:
Capital expenditures 997 201 578 3 295 (82) 2
Retirements and sales (126) (65) (35) (7) (16) (3) −
Depreciation (1,210) (130) (841) (8) (231) − −
Write-downs and impairments (27) (7) (19) −(1) − −
Translation differences 312 92 167 2 28 23 −
Changes in consolidation 76 (5) 85 −(2) (2) −
Total changes 22 86 (65) (10) 73 (64) 2
Balance as of December 31, 2005:
Cost 15,160 3,366 9,159 48 2,031 517 39
Accumulated depreciation (10,267) (1,671) (6,973) (26) (1,565) −(32)
Book value 4,893 1,695 2,186 22 466 517 7
Land with a book value of EUR 132 million is not depreciated.
The expected service lives as of December 31, 2005 were as follows:
Buildings from 14 to 50 years
Machinery and installations from 5 to 15 years
Lease assets from 3 to 10 years
Other equipment from 3 to 10 years
Capital expenditures include capitalized interest related to the construction
in progress amounting to EUR 12 million (2004: EUR 10 million).
17