Philips 2008 Annual Report Download - page 244

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Company financial
statements
Balance sheets of Koninklijke Philips Electronics N.V. as of December 31
in millions of euros
20072) 2008
Assets
Current assets:
Cash and cash equivalents 7,519 2,675
Receivables 17,149 1,356
24,668 4,031
Non-current assets:
Investments in affiliated companies 17,095 17,957
Other non-current financial assets 2,735 946
Property, plant and equipment 1 1
19,831 18,904
44,499 22,935
Liabilities and stockholders’ equity
Current liabilities:
Other current liabilities 482 1,034
Short-term debt 21,099 2,979
Short-term provisions 5 −
21,586 4,013
Non-current liabilities:
Long-term debt 1,123 3,311
Long-term provisions 49 67
1,172 3,378
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 −−
Legal reserve: revaluation 133 117
Legal reserve: available-for-sale securities 1,183 (25)
Legal reserve: cash flow hedges 28 (28)
Legal reserve: affiliated companies 1,343 985
Legal reserve: currency translation differences (613) (656)
Retained earnings 16,782 16,336
Net income (loss) 4,873 (91)1)
Treasury shares, at cost: 49,429,913 shares (2007: 77,933,509 shares) (2,216) (1,288)
21,741 15,544
44,499 22,935
Prepared before appropriation of results. The net loss of 2008 will be accounted for in retained earnings. A distribution from retained earnings of EUR 0.70
1)
per common share will be proposed to the Annual General Meeting of Shareholders.
Prior-period amounts have been restated and revised; see Significant IFRS accounting policies, sections Change in accounting policy and Reclassifications
2)
and revisions for more details.
A
B
C
D
E
F
G
F
H
Philips Annual Report 2008244
180
Sustainability performance
192
IFRS financial statements
124
US GAAP financial statements
244
Company financial statements