Philips 2007 Annual Report Download - page 191

Philips Annual Report 2007 197
Liabilities and equity
2006 2007
Current liabilities
Accounts and notes payable:
- Trade creditors 3,172 3,083
- Accounts payable to related parties 271 289
3,443 3,372
Current liabilities of discontinued operations 46 46
Accrued liabilities 3,280 2,975
Short-term provisions 755 382
Other current liabilities 605 509
Short-term debt 871 2,350
Total current liabilities 9,000 9,634
Non-current liabilities
Long-term debt 3,007 1,213
Long-term provisions 1,788 1,915
Deferred tax liabilities 263 141
Non-current liabilities of discontinued operations 32 32
Other non-current liabilities 595 796
Total non-current liabilities 5,685 4,097
Contractual obligations and contingent liabilities
Equity
Minority interests1) 135 127
Stockholders’ equity:
Preference shares, par value EUR 0.20 per share:
- Authorized: 2,500,000,000 shares (2006: 2,500,000,000 shares), issued none
Common shares, par value EUR 0.20 per share:
- Authorized: 2,500,000,000 shares (2006: 2,500,000,000 shares)
- Issued and fully paid: 1,142,826,763 shares (2006: 1,142,826,763 shares) 228 228
Capital in excess of par value − −
Retained earnings 17,524 21,544
Revaluation reserve 167 133
Other reserves 4,914 598
Treasury shares, at cost 77,933,509 shares (2006: 35,933,526 shares) (923) (2,216)
21,910 20,287
Total equity 22,045 20,414
36,730 34,145
1) Of which discontinued operations EUR 91 million at December 31, 2006 and EUR 79 million at December 31, 2007.
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Group nancial statements Company nancial statements 250 Corporate governance246 Reconciliation of
non-US GAAP information 258 The Philips Group in the last ten years 260
Investor information