Consolidated balance sheets

in millions of euros unless otherwise stated

Consolidated balance sheets of the Philips Group as of December 31

Assets
		2008		2009
Current assets
Cash and cash equivalents		3,620		4,386
Receivables:
- Accounts receivable - net	3,813		3,669
- Accounts receivable from related parties	24		14
- Other receivables	452		300
		4,289		3,983
Inventories - net		3,491		2,913
Other current assets		749		627
Total current assets		12,149		11,909
Non-current assets
Investments in equity-accounted investees		293		281
Other non-current financial assets		1,331		691
Non-current receivables		47		85
Other non-current assets		1,906		1,543
Deferred tax assets		931		1,243
Property, plant and equipment:
- At cost	8,065		8,054
- Less accumulated depreciation	(4,569)		(4,802)
		3,496		3,252
Intangible assets excluding goodwill:
- At cost	6,528		6,466
- Less accumulated amortization	(2,051)		(2,305)
		4,477		4,161
Goodwill		7,280		7,362
Total non-current assets		19,761		18,618
		31,910		30,527

Liabilities and equity
		2008		2009
Current liabilities
Accounts and notes payable:
- Trade creditors	2,880		2,775
- Accounts payable to related parties	112		95
		2,992		2,870
Accrued liabilities		3,634		3,134
Short-term provisions		1,043		716
Other current liabilities		642		703
Short-term debt		722		627
Total current liabilities		9,033		8,050
Non-current liabilities
Long-term debt		3,466		3,640
Long-term provisions		1,794		1,734
Deferred tax liabilities		584		530
Other non-current liabilities		1,440		1,929
Total non-current liabilities		7,284		7,833
Contractual obligations and contingent liabilities
Equity
Minority interests		49		49
Stockholders’ equity:
Preference shares, par value EUR 0.20 per share:
- Authorized: 2,000,000,000 shares (2008: 2,000,000,000 shares), issued none
Common shares, par value EUR 0.20 per share:
- Authorized: 2,000,000,000 shares (2008: 2,000,000,000 shares)
- Issued and fully paid: 972,411,769 shares (2008: 972,411,769 shares)	194		194
Capital in excess of par value	−		−
Retained earnings	17,101		15,947
Revaluation reserve	117		102
Other reserves	(580)		(461)
Treasury shares, at cost 44,954,677 shares (2008: 49,429,913 shares)	(1,288)		(1,187)
		15,544		14,595
Total equity		15,593		14,644
		31,910		30,527