Philips 2012 Annual Report Download - page 229
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18 Definitions and abbreviations 18 - 18
Annual Report 2012 229
Return on equity (ROE)
Income from continuing operations as a % of average shareholders’
equity (calculated on the quarterly balance sheet positions).
Turnover rate of net operating capital
Sales divided by average net operating capital (calculated on the
quarterly balance sheet positions).
Waste Electrical and Electronic Equipment (WEEE)
The Waste Electrical and Electronic Equipment Directive (WEEE
Directive) is the European Community directive on waste electrical and
electronic equipment which became European Law in February 2003,
setting collection, recycling and recovery targets for all types of
electrical goods. The directive imposes the responsibility for the
disposal of waste electrical and electronic equipment on the
manufacturers of such equipment.
Weighted Average Statutory Tax Rate (WASTR)
The reconciliation of the effective tax rate is based on the applicable
statutory tax rate, which is a weighted average of all applicable
jurisdictions. This weighted average statutory tax rate (WASTR) is the
aggregation of the result before tax multiplied by the applicable
statutory tax rate without adjustment for losses, divided by the group
result before tax.