Philips 2015 Annual Report Download - page 125
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3Group nancial statements 12.9
Annual Report 2015 125
Philips Group
Main countries in millions of EUR
2013 - 2015
sales1) tangible and intangible assets
2015
Netherlands 639 970
United States 7,522 9,291
China 2,774 1,194
Germany 1,357 170
Japan 992 455
India 845 134
France 806 48
Other countries 9,309 2,276
Total main countries 24,244 14,538
Assets classied as held for sale 1,159
Total tangible and intangible assets 15,697
2014
Netherlands 594 937
United States 6,160 7,649
China 2,362 1,135
Germany 1,351 153
Japan 908 379
France 839 52
United Kingdom 722 594
Other countries 8,455 1,722
Total main countries 21,391 12,621
Assets classied as held for sale 989
Total tangible and intangible assets 13,610
2013
Netherlands 649 915
United States 6,325 7,384
China 2,616 1,057
Germany 1,316 288
Japan 943 401
France 890 80
United Kingdom 677 573
Other countries 8,574 1,848
Total main countries 21,990 12,546
Assets classied as held for sale 62
Total tangible and intangible assets 12,608
1) The sales are reported based on country of destination.
3Discontinued operations and other assets
classied as held for sale
Discontinued operations included in the Consolidated
statements of income and the Consolidated statements
of cash ows consist of the combined Lumileds and
Automotive businesses and certain other divestments
reported as discontinued operations.
Discontinued operations: Combined Lumileds and
Automotive businesses
The combined businesses of Lumileds and Automotive
were reported as discontinued operations in the
Consolidated statements of income and Consolidated
statements of cash ows with the related assets and
liabilities as per the end of November 2014 included as
Assets classied as held for sale and Liabilities directly
associated with assets held for sale in the Consolidated
balance sheet.
As announced on January 22, 2016, Philips and GO
Scale Capital have withdrawn their ling with the
Committee on Foreign Investment in the United States
(CFIUS) and terminated the agreement pursuant to
which the consortium led by GO Scale Capital would
have acquired an 80.1% interest in the combined
businesses of Lumileds and Automotive. Despite the
parties’ extensive eorts to mitigate CFIUS’ concern,
regulatory clearance has not been granted for this
particular transaction. Philips is actively engaging with
other parties that have expressed an interest in the
businesses.