Philips 2014 Annual Report Download - page 177
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Company nancial statements 13.1
Annual Report 2014 177
13.1 Balance sheets before appropriation of results
Koninklijke Philips N.V.
Balance sheets in millions of EUR unless otherwise stated
As of December 31
2013 2014
Assets
Non-current assets:
Property, plant and equipment 18 1
CIntangible assets 55 57
DFinancial xed assets 19,535 19,676
Non-current receivables 32 46
Deferred tax assets 161 479
EOther non-current nancial assets 283 229
Total non-current assets 20,084 20,488
Current assets:
ECurrent nancial assets 121
FReceivables 7,500 8,469
Assets classied as held for sale 45 54
Cash and cash equivalents 1,282 701
Total current assets 8,827 9,345
Total assets 28,911 29,833
Liabilities and shareholders’ equity
GShareholders’ 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
Legal reserve: revaluation 23 13
Legal reserve: available-for-sale nancial assets 55 27
Legal reserve: cash ow hedges 24 (13)
Legal reserve: aliated companies 1,319 1,059
Legal reserve: currency translation dierences (569) 229
Retained earnings 7,927 7,316
ANet income1) 1,169 415
Treasury shares, at cost: 20,430,544 shares (2013: 24,508,022 shares) (718) (547)
Total equity 11,214 10,867
Non-current liabilities:
HLong-term debt 3,158 3,555
Long-term provisions 16 10
Deferred tax liabilities 15 12
Other non-current liabilities 161 119
Total non-current liabilities 3,350 3,696
Current liabilities:
HShort-term debt 13,645 14,060
IOther current liabilities 702 1,210
Total current liabilities 14,347 15,270
KContractual obligations and contingent liabilities not appearing in the balance sheet
Liabilities and shareholders’ equity 28,911 29,833
1) Prepared before appropriation of results