Philips 2015 Annual Report Download - page 134

Group nancial statements 12.9 9
134 Annual Report 2015
assessed to mitigate tax uncertainties in the future to
the extent possible. Examples of tax uncertainties are:
applicability of participation exemptions, allocation
issues, and issues related to (non-)deductibility.
Tax uncertainties due to permanent
establishments
In countries where Philips starts new operations or
alters business models, the issue of permanent
establishment may arise. This is because when
operations in a country involves a Philips organization
in another country, there is a risk that tax claims will
arise in the former country as well as in the latter
country.
9Earnings per share
Philips Group
Earnings per share in millions of EUR unless otherwise stated1)
2013 - 2015
2013 2014 2015
Income from continuing operations 1,034 221 414
Income (loss) attributable to non-controlling interest 3 (4) 14
Income from continuing operations attributable to
shareholders 1,031 225 400
Income from discontinued operations 138 190 245
Net income attributable to shareholders 1,169 415 645
Weighted average number of common shares
outstanding (after deduction of treasury shares) during
the year 911,071,970 915,192,683 916,086,943
Plus incremental shares from assumed conversions of:
Options 5,464,833 4,617,109 3,565,682
Performance shares 662,973 614,010 2,479,923
Restricted share rights 4,768,777 2,290,472 1,491,960
Convertible debentures 103,899
Dilutive potential common shares 11,000,482 7,521,591 7,537,565
Adjusted weighted average number of shares (after
deduction of treasury shares) during the year 922,072,452 922,714,274 923,624,508
Basic earnings per common share in EUR2)
Income from continuing operations 1.13 0.24 0.45
Income from discontinued operations 0.15 0.21 0.27
Income from continuing operations attributable to
shareholders 1.13 0.25 0.44
Net income attributable to shareholders 1.28 0.45 0.70
Diluted earnings per common share in EUR2,3,4)
Income from continuing operations 1.12 0.24 0.45
Income from discontinued operations 0.15 0.21 0.27
Income from continuing operations attributable to
shareholders 1.12 0.24 0.43
Net income attributable to shareholders 1.27 0.45 0.70
Dividend distributed per common share in euros 0.75 0.80 0.80
1) Shareholders in this table refer to shareholders of Koninklijke Philips N.V.
2) The eect on income of convertible debentures aecting earnings per share is considered immaterial
3) In 2015, 2014 and 2013, respectively 12 million, 19 million and 14 million securities that could potentially dilute basic EPS were not included in the computation of
dilutive EPS because the eect would have been antidilutive for the periods presented
4) The dilutive potential common shares are not taken into account in the periods for which there is a loss, as the eect would be antidilutive