Philips 2008 Annual Report Download - page 129

Liabilities and stockholders’ equity
2007 2008
Current liabilities
Accounts and notes payable:
- Trade creditors 3,083 2,880
- Accounts payable to related parties 289 112
3,372 2,992
Current liabilities of discontinued operations 46 −
Accrued liabilities 2,984 3,636
Short-term provisions 377 1,060
Other current liabilities 509 523
Short-term debt 2,345 717
Total current liabilities 9,633 8,928
Non-current liabilities
Long-term debt 1,212 3,441
Long-term provisions 2,712 2,909
Non-current liabilities and minority interests of discontinued operations 111 −
Other non-current liabilities 934 1,474
Total non-current liabilities 4,969 7,824
Contractual obligations and contingent liabilities
Minority interests 42 46
Stockholders’ equity
Preference shares, par value EUR 0.20 per share
- Authorized: 2,000,000,000 shares (2007: 2,500,000,000 shares)
- Issued: none
Common shares, par value EUR 0.20 per share:
- Authorized: 2,000,000,000 shares (2007: 2,500,000,000 shares)
- Issued and fully paid: 972,411,769 shares (2007: 1,142,826,763 shares) 228 194
Capital in excess of par value −−
Retained earnings 25,517 20,577
Accumulated other comprehensive income (loss) (1,887) (3,240)
Treasury shares, at cost 49,429,913 shares (2007: 77,933,509 shares) (2,216) (1,288)
21,642 16,243
36,286 33,041
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Philips Annual Report 2008 129
254
Corporate governance
250
Reconciliation of
non-US GAAP information
262
Ten-year overview
266
Investor information