Philips 2014 Annual Report Download - page 111

Group nancial statements 12.6
Annual Report 2014 111
2013 2014
Equity
17 Shareholders’ equity:
Preference shares, par value EUR 0.20 per share:
- Authorized: 2,000,000,000 shares (2013: 2,000,000,000 shares),
issued none
Common shares, par value EUR 0.20 per share:
- Authorized: 2,000,000,000 shares (2013: 2,000,000,000 shares)
- Issued and fully paid: 934,819,413 shares (2013: 937,845,789 shares) 188 187
Capital in excess of par value 1,796 2,181
Retained earnings 10,415 8,790
Revaluation reserve 23 13
Currency translation dierences (569) 229
Available-for-sale nancial assets 55 27
Cash ow hedges 24 (13)
Treasury shares, at cost 20,430,544 shares (2013: 24,508,022 shares) (718) (547)
11,214 10,867
17 Non-controlling interests 13 101
Group equity 11,227 10,968
Non-current liabilities
18 25 Long-term debt 3,309 3,712
19 20 Long-term provisions 1,903 2,500
8Deferred tax liabilities 76 107
22 Other non-current liabilities 1,568 1,838
Total non-current liabilities 6,856 8,157
Current liabilities
18 25 Short-term debt 592 392
30 Derivative nancial liabilities 368 857
8Income tax payable 143 102
25 27 Accounts and notes payable:
- Trade creditors 2,458 2,495
- Accounts payable to related parties 4 4
2,462 2,499
21 Accrued liabilities 2,830 2,692
19 20 Short-term provisions 651 945
3Liabilities directly associated with assets held for sale 348 349
22 Other current liabilities 1,082 1,391
Total current liabilities 8,476 9,227
Total liabilities and group equity 26,559 28,352
The accompanying notes are an integral part of these consolidated nancial statements.