Philips 2013 Annual Report Download - page 156

8 9 11 Group financial statements 11.9 - 11.9
156 Annual Report 2013
8Earnings per share
Earnings per share
2011 2012 2013
Income (loss) from continuing operations (1,046) (77) 1,170
Income attributable to non-controlling interest 4 5 3
Income (loss) from continuing operations attributable to
shareholders (1,050) (82) 1,167
Income (loss) from discontinued operations (410) 47 2
Net income (loss) attributable to shareholders (1,460) (35) 1,169
Weighted average number of common shares outstanding
(after deduction of treasury shares) during the year 952,808,9651) 922,101,0051) 911,071,970
Plus incremental shares from assumed conversions of:
Options and restricted share rights 4,309,777 5,014,991 10,896,583
Convertible debentures 173,890 106,204 103,899
Dilutive potential common shares 4,483,667 5,121,195 11,000,482
Adjusted weighted average number of shares (after
deduction of treasury shares) during the year 957,292,6321) 927,222,2001) 922,072,452
Basic earnings per common share in euro2)
Income (loss) from continuing operations (1.10) (0.08) 1.28
Income (loss) from discontinued operations (0.43) 0.05 −
Income (loss) from continuing operations attributable to
shareholders (1.10) (0.09) 1.28
Net income (loss) attributable to shareholders (1.53) (0.04) 1.28
Diluted earnings per common share in euro2,3,4)
Income (loss) from continuing operations (1.10) (0.08) 1.27
Income (loss) from discontinued operations (0.43) 0.05 −
Income (loss) from continuing operations attributable to
shareholders (1.10) (0.09) 1.27
Net income (loss) attributable to shareholders (1.53) (0.04) 1.27
Dividend distributed per common share in euros 0.75 0.75 0.75
1) Adjusted to make previous years comparable for the bonus shares (273 thousand) issued in May 2013
2) The eect on income of convertible debentures aecting earnings per share is considered immaterial
3) In 2013, 2012 and 2011, respectively 14 million, 36 million and 37 million securities that could potentially dilute basic EPS were not included in the computation of dilutive
EPS because the eect would have been antidilutive for the periods presented
4) The Dilutive potential common shares are not taken into account in the periods for which there is a loss, as the eect would be antidilutive
9Acquisitions and divestments
2013
There were four acquisitions in 2013. These acquisitions involved an
aggregated purchase price of EUR 10 million. Measured on a yearly basis,
the aggregated impact of these acquisitions on Group Sales, Income from
operations, Net income and Net income per common share (on a fully
diluted basis) are not material in respect of IFRS 3 disclosure requirements.
Philips completed five divestments of business activities during 2013,
mainly related to certain Healthcare service activities. The transactions
involved an aggregate consideration of EUR 99 million and are therefore
deemed immaterial in respect of IFRS 3 disclosure requirements.
2012
During 2012, Philips entered into one acquisition. On January 9, 2012
Philips acquired (in)directly 99.93% of the outstanding shares of Industrias
Derivadas del Aluminio, S.L. (Indal). This acquisition involved a cash
consideration of EUR 210 million and was accounted for using the
acquisition method. By the end of July 2012, Indal was fully owned by
Philips.
Philips completed in the first quarter of 2012 the divestment of the
Television business. Furthermore there were several divestments of
business activities during 2012, which comprised the divestment of certain
Lighting manufacturing activities, Speech Processing activities and certain
Healthcare service activities. These transactions involved an aggregated
consideration of EUR 49 million and are therefore deemed immaterial in
respect of IFRS 3 disclosure requirements.
On January 26, 2012, Philips agreed to extend its partnership with Sara Lee
Corp (Sara Lee) to drive growth in the global coee market. Under a new
exclusive partnership framework, which will run through to 2020, Philips
will be the exclusive Senseo consumer appliance manufacturer and
distributor for the duration of the agreement. As part of the agreement,
Philips transferred its 50% ownership right in the Senseo trademark to Sara
Lee. Under the terms of the agreement, Sara Lee paid Philips a total
consideration of EUR 170 million. The consideration was recognized in