Philips 2013 Annual Report Download - page 133
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11 Group financial statements 11.6 - 11.6
Annual Report 2013 133
Equity and liabilities
2012 2013
Equity
Shareholders’ equity:
19
Preference shares, par value EUR 0.20 per share:
- Authorized: 2,000,000,000 shares (2012: 2,000,000,000 shares), issued none
Common shares, par value EUR 0.20 per share:
- Authorized: 2,000,000,000 shares (2012: 2,000,000,000 shares)
- Issued and fully paid: 937,845,789 shares (2012: 957,132,962 shares) 191 188
Capital in excess of par value 1,304 1,796
Retained earnings 10,724 10,415
Revaluation reserve 54 23
Currency translation dierences (93) (569)
Available-for-sale financial assets 54 55
Cash flow hedges 20 24
Treasury shares, at cost 24,508,022 shares (2012: 42,541,687 shares) (1,103) (718)
11,151 11,214
Non-controlling interests
19 34 13
Group equity 11,185 11,227
Non-current liabilities
Long-term debt
20 25 3,725 3,309
Long-term provisions
21 26 30 2,119 1,903
Deferred tax liabilities
5 92 76
Other non-current liabilities
22 2,005 1,568
Total non-current liabilities 7,941 6,856
Current liabilities
Short-term debt
20 25 809 592
Derivative financial liabilities
34 517 368
Income tax payable
5 200 143
Accounts and notes payable:
25 32
- Trade creditors 2,835 2,458
- Accounts payable to related parties 4 4
2,839 2,462
Accrued liabilities
23 3,171 2,830
Short-term provisions
21 26 30 837 651
Liabilities directly associated with assets held for sale
7 27 348
Other current liabilities
24 1,555 1,082
Total current liabilities 9,955 8,476
Contractual obligations and contingent liabilities
25 26
Total liabilities and group equity 29,081 26,559
Prior-period financial statements have been restated for the treatment of Audio, Video, Multimedia and Accessories as discontinued operations (see note 7, Discontinued
operations and other assets classified as held for sale) and the adoption of IAS 19R, which mainly relates to accounting for pensions (see note 30, Post-employment
benefits). The accompanying notes are an integral part of these consolidated financial statements.