Philips 2010 Annual Report Download - page 151

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13 Group financial statements 13.9 - 13.9
Annual Report 2010 151
13.9 Information by sector and main country
in millions of euros
Information by sector and main country
Sectors
sales sales including in-
tercompany
research and
development
expenses income from op-
erations
income from op-
erations as a % of
sales
results relating to
investments in as-
sociates
cash flow before
financing
activities1)
2010
Healthcare 8,601 8,611 (698) 922 10.7 8 1,139
Consumer Lifestyle 8,906 8,926 (369) 595 6.7 2 404
of which Television 3,155 3,165 (87) (130) (4.1) − (117)
Lighting 7,552 7,563 (355) 695 9.2 (6) 590
Group Management & Services 360 530 (154) (147) (40.8) 14 (679)
Inter-sector eliminations (211)
25,419 25,419 (1,576) 2,065 8.1 18 1,454
2009
Healthcare 7,839 7,849 (679) 591 7.5 5 889
Consumer Lifestyle 8,467 8,486 (395) 321 3.8 (1) 598
of which Television 3,122 3,130 (95) (179) (5.7) − (16)
Lighting 6,546 6,555 (351) (16) (0.2) (3) 624
Group Management & Services 337 455 (206) (282) (83.7) 75 (785)
Inter-sector eliminations (156)
23,189 23,189 (1,631) 614 2.6 76 1,326
2008
Healthcare 7,649 7,663 (672) 621 8.1 8 (2,478)
Consumer Lifestyle 10,889 10,923 (513) 110 1.0 − 238
of which Television 4,724 4,741 (106) (436) (9.2) − (487)
Lighting 7,362 7,371 (345) 24 0.3 1 (1,181)
Group Management & Services 485 624 (247) (701) (144.5) 10 1,815
Inter-sector eliminations (196)
26,385 26,385 (1,777) 54 0.2 19 (1,606)
1) Prior period amounts have been revised to reflect an adjusted sector allocation
Our sectors are organized based on the nature of the products and
services. The four sectors comprise Healthcare, Consumer Lifestyle,
Lighting and Group Management & Services as shown in the table above.
A short description of these sectors is as follows:
Healthcare: Consists of the following businesses - Imaging Systems,
Home Healthcare Solutions, Patient Care & Clinical Informatics, and
Customer Services.
Consumer Lifestyle: Consists of the following businesses - Television,
Personal Care, Audio & Video Multimedia, Domestic Appliances,
Accessories, Health & Wellness, and Licenses.
Lighting: Consists of the following businesses - Lamps, Professional
Luminaires, Consumer Luminaires, Lighting Systems & Controls,
Automotive, and Lumileds.
GM&S: Consists of the corporate center, as well as the overhead
expenses of regional and country organizations. Also included are the
costs of Philips’ pension and other postretirement benefit costs not
directly allocated to the other sectors.
Transactions between the sectors mainly relate to services provided by
the sector Group Management & Services to the other sectors. The
pricing of such transactions is determined on an arm’s length principle.