Philips 2014 Annual Report Download - page 148

Group nancial statements 12.9
148 Annual Report 2014
Cash ows before nancing activities, being the sum of
net cash from operating activities and net cash from
investing activities, are presented separately to
facilitate the reader’s understanding of the Company’s
funding requirements.
Philips Group
Net operating capital composition in millions of EUR
2012 - 2014
2012 2013 2014
Intangible assets 10,679 9,766 10,526
Property, plant and equipment 2,959 2,780 2,095
Remaining assets 8,921 8,699 9,041
Provisions (2,956) (2,554) (3,445)
Other liabilities (10,287) (8,453) (9,379)
Net operating capital 9,316 10,238 8,838
Philips Group
Composition of net debt to group equity in millions of EUR unless otherwise stated
2012 - 2014
2012 2013 2014
Long-term debt 3,725 3,309 3,712
Short-term debt 809 592 392
Total debt 4,534 3,901 4,104
Cash and cash equivalents 3,834 2,465 1,873
Net debt1) 700 1,436 2,231
Shareholders’ equity 11,151 11,214 10,867
Non-controlling interests 34 13 101
Group equity 11,185 11,227 10,968
Net debt and group equity 11,885 12,663 13,199
Net debt divided by net debt and group equity (in %) 6% 11% 17%
Group equity divided by net debt and group equity (in %) 94% 89% 83%
1) Total debt less cash and cash equivalents
Philips Group
Composition of cash ows in millions of EUR
2012 - 2014
2012 2013 2014
Cash ows from operating activities 1,886 912 1,303
Cash ows from investing activities (712) (862) (984)
Cash ows before nancing activities 1,174 50 319