Philips 2007 Annual Report Download - page 166
Download and view the complete annual report
Please find page 166 of the 2007 Philips annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176 -
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
 |
 |
Philips Annual Report 2007172
24
Long-term debt
range of
interest rates
average rate
of interest
amount
outstanding
2007 due in 1 year
due after 1
year
due after 5
years
average
remaining
term (in
years)
amount
outstanding
2006
Eurobonds 5.8 - 7.1% 6.0% 2,442 1,692 750 − 3.4 2,445
USD bonds 7.1 - 7.8% 7.3% 357 − 357 357 14.4 307
USD putable bonds − − − − − − − 77
Convertible debentures 0.8 - 0.8% 0.8% 103 103 − − − 136
Private nancing 1.0 - 6.0% 4.3% 9 − 9 1 2.3 8
Bank borrowings 1.7 - 6.4% 3.4% 4 1 3 − 1.1 119
Liabilities arising from
capital lease transactions 1.4 - 16.3% 3.7% 88 8 80 57 6.7 59
Other long-term debt 2.0 - 12.3% 6.5% 58 45 13 1 3.0 62
5.9% 3,061 1,849 1,212 416 3,213
Corresponding data
of previous year 6.1% 3,213 207 3,006 405 3,898
The following amounts of long-term debt, as at December 31, 2007,
are due in the next ve years:
2008 1,849
2009 21
2010 13
2011 758
2012 4
2,645
Corresponding amount
previous year 2,808
As of December 31, 2007, Philips had outstanding public bonds
of EUR 2,799 million previously issued mostly in USD or EUR.
The following table provides additional details regarding the
outstanding bonds.
effective rate 2006 2007
Unsecured Eurobonds
Due 2/06/08; 7 1/8% 7.302% 130 130
Due 5/14/08; 7% 7.094% 61 61
Due 5/16/08; 5 3/4% 5.817% 1,500 1,500
Due 5/16/11; 6 1/8% 6.212% 750 750
Adjustments1) 4 1
2,445 2,442
Unsecured USD Bonds
Due 5/15/25; 7 3/4% 8.010% 75 67
Due 6/01/26; 7 1/5% 7.426% 126 113
Due 8/15/13; 7 1/4% 7.554% 109 97
Due 5/15/25; 7 1/8% 7.361% − 70
Adjustments1) (3) 10
307 357
Unsecured USD Bonds
subject to put
Due 5/15/25, put date
5/15/07; 7 1/8% 7.361% 78 −
Adjustments1) (1) −
77 −
1) Adjustments relate to issued bond discounts, transaction costs and fair value
adjustments for interest rate derivatives.
Secured liabilities
In 2007, no portions of long-term and short-term debt have been
secured by collateral (2006: EUR 21 million).
128 Group nancial statements
Notes to the group nancial statements
188 IFRS information 240 Company nancial statements