Philips 2009 Annual Report Download - page 209

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12 Company financial statements
12.1 Balance sheets
Balance sheets of Koninklijke Philips Electronics N.V. as of December 31
in millions of euros
2008 2009
Assets
Current assets:
Cash and cash equivalents 2,675 3,550
Receivables
A1,324 1,043
3,999 4,593
Non-current assets:
Investments in affiliated companies
B17,957 16,753
Other non-current financial assets
C946 406
Deferred tax assets 32 98
Property, plant and equipment 1 1
18,936 17,258
22,935 21,851
Liabilities and stockholders’ equity
Current liabilities:
Other current liabilities
D1,034 643
Short-term debt
E2,979 2,618
4,013 3,261
Non-current liabilities:
Other non-current liabilities 39
Long-term debt
F3,311 3,502
Long-term provisions 19 29
Deferred tax liabilities 48 425
3,378 3,995
Stockholders’ equity:
G
Preference shares, par value EUR 0.20 per share:
- Authorized: 2,000,000,000 shares (2008: 2,000,000,000 shares)
- Issued: none
Common shares, par value EUR 0.20 per share:
- Authorized: 2,000,000,000 shares (2008: 2,000,000,000 shares)
- Issued and fully paid: 972,411,769 shares (2008: 972,411,769 shares) 194 194
Capital in excess of par value
Legal reserve: revaluation 117 102
Legal reserve: available-for-sale financial assets (25) 120
Legal reserve: cash flow hedges (28) 10
Legal reserve: affiliated companies 985 829
Legal reserve: currency translation differences (527) (591)
Retained earnings 16,207 14,708
Net income (loss)1) (91) 410
Treasury shares, at cost: 44,954,677 shares (2008: 49,429,913 shares) (1,288) (1,187)
15,544 14,595
22,935 21,851
1) Prepared before appropriation of results
12 Company financial statements 12 - 12.2
Philips Annual Report 2009 209