Philips 2005 Annual Report Download - page 178

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Philips Annual Report 2005178
IFRS Consolidated statements of income of the Philips Group for the years ended December 31
in millions of euros unless otherwise stated
2004 2005
Sales 29,346 30,395
Cost of sales (19,516) (20,631)
Gross margin 9,830 9,764
Selling expenses (4,558) (4,738)
General and administrative expenses (1,417) (1,264)
Research and development expenses (2,326) (2,337)
Impairment of goodwill (591) –
Other business income 991 598
Other business expense (265) (147)
Earnings before interest and tax 1,664 1,876
Financial income and expenses 34 113
Income before taxes 1,698 1,989
Income tax expense (354) (615)
Income after taxes 1,344 1,374
Results relating to unconsolidated companies:
- Company’s participation in income and loss 912 440
- Other results 544 1,765
Income before minority interests 2,800 3,579
Minority interests (53) (31)
Income from continuing operations 2,747 3,548
Discontinued operations 36 (174)
Net income attributable to stockholders 2,783 3,374
Attribution of net income for the period
Net income attributable to stockholders 2,783 3,374
Net income attributable to minority interests 53 31
Net income for the period 2,836 3,405
Theaccompanyingnotesareanintegralpartoftheseconsolidatednancialstatements.
44 4242
4343
4444
4545
4646
4040
4747
IFRS information