Philips 2006 Annual Report Download - page 225

Philips Annual Report 2006 225
226 Corporate governance224 Reconciliation of
non-US GAAP information
234 The Philips Group
in the last ten years
236 Investor information
EBITA to Income from
operations or EBIT
Philips
Group
Medical
Systems DAP
Consumer
Electronics Lighting
Other
Activities Unallocated
2006
EBITA 1,382 936 412 417 666 (448 ) (601 )
Eliminate amortization of intangibles (199 ) (141 ) (26 ) (1 ) (31 ) − −
Income from operations (or EBIT) 1,183 795 386 416 635 (448 ) (601 )
2005
EBITA 1,577 770 363 506 564 (155 ) (471 )
Eliminate amortization of intangibles (105 ) (91 ) (5 ) − (8 ) (1 ) −
Income from operations (or EBIT) 1,472 679 358 506 556 (156 ) (471 )
2004
EBITA 1,864 715 336 370 594 388 (539 )
Eliminate amortization of intangibles (708 ) (680 ) (5 ) − − (23 ) −
Income from operations (or EBIT) 1,156 35 331 370 594 365 (539 )
Net operating capital to total assets
2006
Net operating capital (NOC) 8,724 4,332 1,758 (228 ) 2,527 21 314
Eliminate liabilities comprised in NOC:
payables/ liabilities - 8,175 1,707 575 2,389 989 901 1,614
intercompany accounts - − 32 25 61 50 (140 ) (28 )
provisions
1) - 2,696 241 55 285 146 807 1,162
Include assets not comprised in NOC:
investments in equity-accounted investees - 2,978 74 − 36 8 2,834 26
other non-current fi nancial assets - 8,056 − − − − − 8,056
securities - 192 − − − − − 192
deferred tax assets - 1,653 − − − − − 1,653
liquid assets - 6,023 − − − − − 6,023
38,497 6,386 2,413 2,543 3,720 4,423 19,012
2005
Net operating capital (NOC) 5,679 3,400 370 (296 ) 2,491 272 (558 )
Eliminate liabilities comprised in NOC:
payables/ liabilities - 8,498 1,712 456 2,540 956 1,017 1,817
intercompany accounts - − 34 13 64 42 (100 ) (53 )
provisions
2) - 2,385 299 57 335 134 582 978
Include assets not comprised in NOC:
investments in equity-accounted investees - 5,342 66 22 20 5,179 55
other non-current fi nancial assets - 730 − − − − − 730
deferred tax assets - 2,005 − − − − − 2,005
liquid assets - 5,293 − − − − − 5,293
29,932 5,511 896 2,665 3,643 6,950 10,267
Discontinued operations 3,973
33,905
2004
Net operating capital (NOC) 4,524 2,862 393 (161 ) 1,493 117 (180 )
Eliminate liabilities comprised in NOC:
payables/ liabilities - 7,186 1,492 353 2,162 710 1,120 1,349
intercompany accounts - − 35 10 62 26 (115 ) (18 )
provisions
3) - 2,445 240 60 314 138 619 1,074
Include assets not comprised in NOC:
investments in equity-accounted investees - 5,284 46 − 19 46 5,173 −
other non-current fi nancial assets - 956 − − − − − 956
deferred tax assets - 1,797 − − − − − 1,797
liquid assets - 4,349 − − − − − 4,349
26,541 4,675 816 2,396 2,413 6,914 9,327
Discontinued operations 4,198
30,739
1) provisions on balance sheet EUR 3,325 million excl. deferred tax liabilities EUR 629 million
2) provisions on balance sheet EUR 2,710 million excl. deferred tax liabilities EUR 325 million
3) provisions on balance sheet EUR 2,673 million excl. deferred tax liabilities EUR 228 million