Philips 2013 Annual Report Download - page 68

4 Group performance 4.4 - 4.5
68 Annual Report 2013
Dividend in cash is in principle subject to 15% Dutch
dividend withholding tax, which will be deducted from
the dividend in cash paid to the shareholders. Dividend
in shares paid out of net income is subject to 15%
dividend withholding tax, but only in respect of the par
value of the shares (EUR 0.20 per share).
In 2013, a dividend of EUR 0.75 per common share was
paid in cash or shares, at the option of the shareholder.
Approximately 59.8% elected for a share dividend
resulting in the issue of 18,491,337 new common shares,
leading to a 2.1% percent dilution. EUR 271,991,204 was
paid in cash. For additional information, see chapter 16,
Investor Relations, of this Annual Report.
The balance sheet presented in this report, as part of
the Company financial statements for the period ended
December 31, 2013, is before appropriation of the result
for the financial year 2013.
4.5 Outlook
Achieving the 2013 financial targets was an important
milestone and we have now set our sights on reaching
our 2016 targets. We are confident in our ability to
further improve our performance by continuing the
strong focus on our Accelerate! transformation
program. Looking at 2014, we remain cautious because
of the ongoing macro-economic uncertainties,
currency headwinds and softer order intake in Q4 2013.
Therefore, we expect that 2014 will be a modest step
towards our 2016 targets, also taking into account
restructuring to drive the new productivity targets and
investments in additional growth initiatives.