Philips 2007 Annual Report Download - page 234

Philips Annual Report 2007240
Company nancial statements
Balance sheets of Koninklijke Philips Electronics N.V. as of December 31
in millions of euros unless otherwise stated
2006 2007
Assets
Current assets:
Cash and cash equivalents 4,492 7,519
Receivables 14,642 17,149
Other current assets 192 −
19,326 24,668
Non-current assets:
Investments in afliated companies 17,098 15,641
Other non-current nancial assets 7,526 2,735
Property, plant and equipment 1 1
24,625 18,377
43,951 43,045
Liabilities and stockholders’ equity
Current liabilities:
Other current liabilities 665 482
Short-term debt 18,354 21,099
Short-term provisions 41 5
19,060 21,586
Non-current liabilities:
Long-term debt 2,963 1,123
Long-term provisions 18 49
2,981 1,172
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 − −
Legal reserve: revaluation1) 4,846 1,344
Legal reserve: afliated companies1) 1,291 1,343
Legal reserve: currency translation differences1) 235 (613)
Retained earnings 11,569 15,546
Net income 4,664 4,6552)
Treasury shares, at cost: 77,933,509 shares (2006: 35,933,526 shares) (923) (2,216)
21,910 20,287
43,951 43,045
1) To further improve the insight into the limitations of the distribution of stockholders’ equity, the item ‘Other reserves’, which was presented in the 2006 Annual Report,
has now been added to the legal reserve items ‘revaluation’, ‘afliated companies’ and ‘currency translation differences’
2) Prepared before appropriation of results. Of the net income of 2007, EUR 715 million is expected to be paid as dividend (based on the proposed dividend
of EUR 0.70 per share), and EUR 3,940 million is expected to be added to retained earnings
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128 Group nancial statements 188 IFRS information 240 Company nancial statements
- Balance sheets
- Statements of income
- Statement of equity