Philips 2012 Annual Report Download - page 127

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12 Group financial statements 12.9 - 12.9
Annual Report 2012 127
12.9 Information by sector and main country
in millions of euros
Prior periods amounts have been revised to reflect certain voluntary adopted accounting policy changes, and immaterial adjustments (see section 12.10,
Significant accounting policies, of this Annual Report).
Information by sector and main country
Sectors
sales
sales including
intercompany
research and
development
expenses
income from
operations
income from
operations as a % of
sales
cash flow before
financing
activities
2012
Healthcare 9,983 10,005 (803) 1,122 11.2 1,394
Consumer Lifestyle 5,953 5,967 (301) 593 10.0 597
Lighting 8,442 8,465 (453) (6) (0.1) 339
Innovation, Group & Services 410 680 (253) (679) − (1,044)
Inter-sector eliminations (329)
24,788 24,788 (1,810) 1,030 4.2 1,286
2011
Healthcare 8,852 8,866 (740) 93 1.1 773
Consumer Lifestyle 5,615 5,626 (313) 217 3.9 (257)
Lighting 7,638 7,652 (409) (362) (4.7) 254
Innovation, Group & Services 474 725 (148) (217) − (1,295)
Inter-sector eliminations (290)
22,579 22,579 (1,610) (269) (1.2) (525)
2010
Healthcare 8,601 8,611 (698) 922 10.7 1,141
Consumer Lifestyle 5,504 5,518 (282) 449 8.2 288
Lighting 7,552 7,563 (355) 689 9.1 590
Innovation, Group & Services 630 801 (158) 14 − (542)
Inter-sector eliminations (206)
22,287 22,287 (1,493) 2,074 9.3 1,477
Our sectors are organized based on the nature of the products and
services. The four sectors comprise Healthcare, Consumer Lifestyle,
Lighting and Innovation, Group & 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 - Lifestyle
Entertainment, Personal Care, Domestic Appliances, and Health &
Wellness.
Lighting: Consists of the following businesses - Light Sources &
Electronics, Professional Lighting Solutions, Consumer Luminaires,
Automotive Lighting, and Lumileds.
Innovation, Group & Services: Consists of group headquarters, as well
as the overhead expenses of regional and country organizations. Also
included are the net results of group innovation, intellectual property
& services, the global service units and 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 Innovation, Group & Services to the other sectors. The
pricing of such transactions is determined on an arm’s length principle.