Philips 2013 Annual Report Download - page 145

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11 Group financial statements 11.9 - 11.9 2
Annual Report 2013 145
2Information by sector and main country
in millions of euros
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
2013
Healthcare 9,575 9,600 (780) 1,315 13.7 1,292
Consumer Lifestyle 4,605 4,622 (261) 429 9.3 472
Lighting 8,413 8,433 (441) 489 5.8 478
Innovation, Group & Services 736 1,049 (251) (242) − (2,101)
Inter-sector eliminations (375)
23,329 23,329 (1,733) 1,991 8.5 141
2012
Healthcare 9,983 10,005 (823) 1,026 10.3 1,298
Consumer Lifestyle 4,319 4,329 (251) 400 9.3 422
Lighting 8,442 8,465 (462) (66) (0.8) 279
Innovation, Group & Services 713 984 (295) (712) − (842)
Inter-sector eliminations (326)
23,457 23,457 (1,831) 648 2.8 1,157
2011
Healthcare 8,852 8,866 (754) 27 0.3 707
Consumer Lifestyle 3,771 3,777 (249) 109 2.9 (271)
Lighting 7,638 7,652 (416) (408) (5.3) 208
Innovation, Group & Services 731 984 (186) (207) − (1,159)
Inter-sector eliminations (287)
20,992 20,992 (1,605) (479) (2.3) (515)
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 - 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 basis.