Philips 2010 Annual Report Download - page 80

5 Group performance 5.5 - 5.6
80 Annual Report 2010
to 15% dividend withholding tax, but only in respect of the
par value of the shares (EUR 0.20 per share). This
withholding tax in case of dividend in shares will be borne
by Philips.
In 2010, a dividend of EUR 0.70 per common share was
paid in cash or shares, at the option of the shareholder.
Approximately 53% elected for a share dividend resulting
in the issue of 13,667,015 new common shares, leading to
a 1.5% percent dilution. The remainder of the dividend
was paid in cash (EUR 296 million) against the retained
earnings of the Company.
The balance sheet presented in this report, as part of the
Company financial statements for the period ended
December 31, 2010, is before dividend, which is subject to
shareholder approval after year-end.
5.6 Outlook
2011 will be a year of progress on our way to achieve the
Vision 2015 objectives. Our strong order book provides
confidence in our Healthcare business for the year ahead.
We see first leading indicators of positive momentum in
construction markets, which is expected to benefit
Lighting sales in the latter half of 2011, supported by the
increase adoption of LED products. We expect emerging
markets to continue to support growth in all three
sectors, while consumer sentiment in mature markets
remains subdued. We will continue our initiatives to ignite
growth in Consumer Lifestyle.
Amsterdam, February 17, 2011
Board of Management