Philips 2014 Annual Report Download - page 226
Download and view the complete annual report
Please find page 226 of the 2014 Philips annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216 -
217 -
218 -
219 -
220 -
221 -
222 -
223 -
224 -
225 -
226 -
227 -
228 -
229 -
230 -
231 -
232 -
233 -
234 -
235 -
236 -
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
 |
 |
Reconciliation of non-GAAP information 15
226 Annual Report 2014
Philips Group
Sales growth composition per geographic cluster in %
2012 - 2014
comparable growth currency eects
consolidation
changes nominal growth
2014 versus 2013
Western Europe (0.9) 0.4 0.2 (0.3)
North America (1.8) (0.9) (0.3) (3.0)
Other mature geographies (0.9) (4.7) 0.0 (5.6)
Mature geographies (1.3) (0.8) (0.1) (2.2)
Growth geographies 0.0 (4.4) 0.7 (3.7)
Philips Group (0.9) (2.0) 0.2 (2.7)
2013 versus 2012
Western Europe 0.0 (0.6) 0.5 (0.1)
North America (2.9) (3.1) (0.2) (6.2)
Other mature geographies 10.1 (13.5) 0.0 (3.4)
Mature geographies (0.3) (3.3) 0.1 (3.5)
Growth geographies 8.9 (5.1) 0.0 3.8
Philips Group 2.7 (3.9) 0.1 (1.1)
2012 versus 2011
Western Europe (0.8) 1.0 2.6 2.8
North America 2.4 8.6 (0.7) 10.3
Other mature geographies 9.2 9.1 (0.1) 18.2
Mature geographies 1.9 5.6 0.7 8.2
Growth geographies 13.6 4.3 1.4 19.3
Philips Group 5.5 5.2 0.9 11.6
EBITA
The Company uses the term EBIT and EBITA to evaluate the performance of the Philips Group and its operating sectors.
The term EBIT has the same meaning as Income from operations (IFO). Referencing EBITA will make the underlying
performance of our businesses more transparent by factoring out the amortization of acquired intangible assets. EBITA
represents income from operations before amortization and impairment of intangible assets generated in acquisitions
(excluding software and capitalized development expenses).
Philips Group
EBITA to Income from operations (or EBIT) in millions of EUR
2012 - 2014
Philips Group Healthcare
Consumer
Lifestyle Lighting
Innovation,
Group & Services
2014
EBITA 821 616 573 293 (661)
Amortization of intangible assets1) (332) (159) (53) (106) (14)
Impairment of goodwill (3) (1) – (2) –
Income from operations (or EBIT) 486 456 520 185 (675)
2013
EBITA 2,276 1,512 483 580 (299)
Amortization of intangible assets1) (393) (195) (54) (141) (3)
Impairment of goodwill (28) (2) – (26) –
Income from operations (or EBIT) 1,855 1,315 429 413 (302)
2012
EBITA 1,003 1,226 456 69 (748)
Amortization of intangible assets1) (411) (200) (56) (147) (8)
Income from operations (or EBIT) 592 1,026 400 (78) (756)
1) Excluding amortization of software and product development.