Philips 2013 Annual Report Download - page 67

4 Group performance 4.3.3 - 4.4
Annual Report 2013 67
implemented recycling programs. Of the remaining
waste, 14% comprised non-hazardous waste and 5%
hazardous waste.
Industrial waste delivered for recycling
in %
Paper
21
Glass
19
Metal
16
Wood
9
Plastic
4
Demolition scrap
14
Waste chemicals
2
Other
15
Emissions
Emissions of restricted substances totaled 9 kilos in
2013, a significant decrease compared to 55 kilos in
2012, due to a continued reduction in mercury
emissions at Lighting and more accurate
measurements. The level of emissions of hazardous
substances decreased by some 40% from 70,093 to
40,451 kilos, mainly as a result of a decrease in total
styrene emissions at Lighting and more accurate
measurements mitigated by an increase in xylene
emissions in CL. All sectors have reduction programs for
the restricted and hazardous substances.
Restricted and hazardous substances
in kilos
2009 2010 2011 2012 2013
Restricted
substances 272 188 111 55 9
Hazardous
substances 32,869 61,795 65,477 70,093 40,451
For more details on restricted and hazardous
substances, please refer to sub-section 13.3.3, Green
Operations, of this Annual Report.
4.4 Proposed
distribution to
shareholders
Pursuant to article 34 of the articles of association of
Royal Philips, a dividend will first be declared on
preference shares out of net income. The remainder of
the net income, after reservations made with the
approval of the Supervisory Board, shall be available
for distribution to holders of common shares subject to
shareholder approval after year-end. As of December
31, 2013, the issued share capital consists only of
common shares; no preference shares have been
issued. Article 33 of the articles of association of Royal
Philips gives the Board of Management the power to
determine what portion of the net income shall be
retained by way of reserve, subject to the approval of
the Supervisory Board.
A proposal will be submitted to the 2014 Annual
General Meeting of Shareholders to declare a dividend
of EUR 0.80 per common share (up to EUR 740 million),
in cash or in shares at the option of the shareholder,
against the net income for 2013.
Shareholders will be given the opportunity to make
their choice between cash and shares between May 8,
2014 and May 30, 2014. If no choice is made during this
election period the dividend will be paid in shares. On
May 30, 2014 after close of trading, the number of share
dividend rights entitled to one new common share will
be determined based on the volume weighted average
price of all traded common shares Koninklijke Philips
N.V. at NYSE Euronext Amsterdam on 28, 29 and 30
May 2014. The Company will calculate the number of
share dividend rights entitled to one new common
share (the ‘ratio’), such that the gross dividend in shares
will be approximately equal to the gross dividend in
cash. On June 3, 2014 the ratio and the number of
shares to be issued will be announced. Payment of the
dividend and delivery of new common shares, with
settlement of fractions in cash, if required, will take
place from June 4, 2014. The distribution of dividend in
cash to holders of New York registry shares will be made
in USD at the USD/EUR rate fixed by the European
Central Bank on June 2, 2014.