Philips 2008 Annual Report Download - page 201

Liabilities and 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 2,975 3,634
Short-term provisions 382 1,043
Other current liabilities 509 522
Short-term debt 2,350 722
Total current liabilities 9,634 8,913
Non-current liabilities
Long-term debt 1,213 3,466
Long-term provisions 2,021 1,794
Deferred tax liabilities 652 584
Non-current liabilities of discontinued operations 32 −
Other non-current liabilities 894 1,440
Total non-current liabilities 4,812 7,284
Contractual obligations and contingent liabilities
Equity
Minority interests1) 127 49
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 22,998 18,439
Revaluation reserve 133 117
Other reserves 598 (1,918)
Treasury shares, at cost 49,429,913 shares (2007: 77,933,509 shares) (2,216) (1,288)
21,741 15,544
Total equity 21,868 15,593
36,314 31,790
Of which discontinued operations EUR 79 million at December 31, 2007.
1)
67
38
54
555662
57
5859
5961
555662
42
38
60
6162
63
Philips Annual Report 2008 201
254
Corporate governance
250
Reconciliation of
non-US GAAP information
262
Ten-year overview
266
Investor information