Philips 2006 Annual Report Download - page 177

Philips Annual Report 2006 177
Liabilities and stockholders’ equity
2005 2006
Current liabilities
Accounts and notes payable:
- Trade creditors 3,159 3,179
- Accounts payable to related parties 298 271
3,457 3,450
Current liabilities of discontinued operations 1,044 −
Accrued liabilities 3,243 3,319
Short-term provisions 780 755
Other current liabilities 658 605
Short-term debt 1,168 871
Total current liabilities 10,350 9,000
Non-current liabilities
Long-term debt 3,339 3,007
Long-term provisions 1,664 1,800
Deferred tax liabilities − 283
Non-current liabilities of discontinued operations 535 −
Other non-current liabilities 1,086 595
Total non-current liabilities 6,624 5,685
Contractual obligations and contingent liabilities
Equity
Minority interests
1) 353 135
Stockholders’ equity:
Preference shares, par value EUR 0.20 per share:
Authorized: 2,500,000,000 shares (2005: 3,250,000,000 shares) -
Issued none -
Common shares, par value EUR 0.20 per share:
Authorized: 2,500,000,000 shares (2005: 3,250,000,000 shares) -
Issued: 1,142,826,763 shares (2005: 1,316,095,392 shares) - 263 228
Capital in excess of par value 82 −
Retained earnings 17,827 17,524
Revaluation reserve 262 167
Other reserves 804 4,914
Treasury shares, at cost 35,933,526 shares (2005: 114,736,942 shares) (2,919 ) (923 )
16,319 21,910
Total equity 16,672 22,045
33,646 36,730
1) of which discontinued operations EUR 173 million at December 31, 2005
3232
3838
5050
5151
2222
5353 5454
5454 5656
5151 5252 5757
4242
3838
5555
5656 5757
2828
226 Corporate governance224 Reconciliation of
non-US GAAP information
234 The Philips Group
in the last ten years
236 Investor information
52 57