Philips 2013 Annual Report Download - page 248

17 Definitions and abbreviations 17 - 17
248 Annual Report 2013
Return on invested capital (ROIC)
Return on Invested Capital consists of income from continuing operations
excluding results attributable to non-controlling interest holders, results
relating to investments in associates and financial income and expenses,
divided by the average net operating capital at year end and the preceding
four quarter ends. Philips believes that ROIC information makes the
underlying performance of its businesses more transparent as it relates
returns to the operating capital in use.
SF6
SF6 (Sulfur hexafluoride) is used in the electrical industry as a gaseous
dielectric medium.
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 eective 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.