Philips 2014 Annual Report Download - page 126

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Group nancial statements 12.9 2
126 Annual Report 2014
2Information by sector and main country
Philips Group
Information on income statement and cash ow by sector in millions of EUR unless otherwise stated
2012 - 2014
sales
sales including
intercompany
research and
development
expenses
income from
operations
income from
operations as a
% of sales
cash ow before
nancing
activities
2014
Healthcare 9,186 9,209 (822) 456 5.0% 910
Consumer Lifestyle 4,731 4,739 (263) 520 11.0% 553
Lighting 6,869 6,927 (330) 185 2.7% 442
Innovation, Group & Services 605 934 (220) (675) − (1,586)
Inter-sector eliminations (418)
Philips Group 21,391 21,391 (1,635) 486 2.3% 319
2013
Healthcare 9,575 9,600 (810) 1,315 13.7% 1,292
Consumer Lifestyle 4,605 4,622 (268) 429 9.3% 480
Lighting 7,145 7,211 (313) 413 5.8% 418
Innovation, Group & Services 665 977 (268) (302) − (2,140)
Inter-sector eliminations (420)
Philips Group 21,990 21,990 (1,659) 1,855 8.4% 50
2012
Healthcare 9,983 10,005 (858) 1,026 10.3% 1,298
Consumer Lifestyle 4,319 4,329 (256) 400 9.3% 413
Lighting 7,303 7,366 (341) (78) (1.1)% 314
Innovation, Group & Services 629 900 (269) (756) − (851)
Inter-sector eliminations (366)
Philips Group 22,234 22,234 (1,724) 592 2.7% 1,174
Our sectors are organized based on the nature of the
products and services. The four sectors comprise
Healthcare, Consumer Lifestyle, Lighting and
Innovation, Group & Services as shown in the table
above. A short description of these sectors is as follows:
Healthcare: Consists of the following businesses -
Imaging Systems, Healthcare Informatics, Services &
Solutions, Patient Care & Monitoring Solutions, and
Customer Services.
Consumer Lifestyle: Consists of the following
businesses - Personal Care, Domestic Appliances, and
Health & Wellness.
Lighting: Consists of the following businesses - Light
Sources & Electronics, Professional Lighting Solutions,
and Consumer Luminaires.
Innovation, Group & Services: Consists of group
headquarters, as well as the overhead expenses of
regional and country organizations. Also included are
the net results of group innovation, intellectual
property & services, the global service units and Philips’
pension and other postretirement benet costs not
directly allocated to the other sectors.
Transactions between the sectors mainly relate to
services provided by the sector Innovation, Group &
Services to the other sectors. The pricing of such
transactions is determined on an arm’s length basis.