Philips 2007 Annual Report Download - page 217
Download and view the complete annual report
Please find page 217 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 2007 223
The total carrying value of investments in, and loans to, equity-
accounted investees is summarized as follows:
2006 2007
share-
holding % amount
share-
holding % amount
LG.Philips LCD 32.9 2,509 19.9 1,535
Other investments in
equity-accounted
investees 360 282
2,869 1,817
The fair value of Philips’ shareholdings in the publicly listed company
LG.Philips LCD, based on quoted market prices at December 31, 2007,
was EUR 2,556 million respectively.
The investments in equity-accounted investees are mainly included
in the sector Group Management & Services.
Summarized information of investments in
equity-accounted investees
Summarized nancial information for the Company’s investments in
equity-accounted investees, on a combined basis, is presented below:
January-December
2005 2006 2007
Net sales 20,083 13,599 15,799
Income (loss) before taxes 2,297 (613) 1,233
Income taxes 121 189 (154)
Other income (loss) (94) (37) (1)
Net income (loss) 2,324 (461) 1,078
Total share in net income of equity-
accounted investees recognized in
the consolidated statements of income 514 (188) 246
December 31
2006 2007
Current assets 4,952 6,116
Non-current assets 10,028 6,766
14,980 12,882
Current liabilities (4,184) (3,339)
Non-current liabilities (3,826) (2,578)
Net asset value 6,970 6,965
Investments in and loans to equity- accounted
investees included in the consolidated balance sheet 2,869 1,817
Group nancial statements
Notes to the IFRS 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