Annual Report 2009
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Information by sector and main country

Auditor's report
Auditor's report on internal control
Previous - Consolidated statements of changes in equity Next - Significant accounting policies
in millions of euros

Information by sector and main country

Sectors
 
sales
sales including intercompany
research and development expenses
income from operations
income from operations as a % of sales
impairment of property, plant and equipment and intangible assets
results relating to equity-accounted investees
cash flow before financing activities
 
 
 
 
 
 
 
 
 
2009
 
 
 
 
 
 
 
 
Healthcare
7,839
7,849
(679)
591
7.5
(17)
5
876
Consumer Lifestyle
8,467
8,486
(395)
321
3.8
(21)
(1)
587
of which Television
3,122
3,130
(95)
(179)
(5.7)
(8)
−
(23)
Lighting
6,546
6,555
(351)
(16)
(0.2)
(81)
(3)
591
Group Management & Services
337
455
(206)
(282)
(83.7)
(24)
75
(728)
Inter-sector eliminations
 
(156)
 
 
 
 
 
 
 
23,189
23,189
(1,631)
614
2.6
(143)
76
1,326
 
 
 
 
 
 
 
 
 
2008
 
 
 
 
 
 
 
 
Healthcare
7,649
7,663
(672)
621
8.1
(1)
8
(2,439)
Consumer Lifestyle
10,889
10,923
(513)
110
1.0
(93)
−
242
of which Television
4,724
4,741
(106)
(436)
(9.2)
(12)
−
(483)
Lighting
7,362
7,371
(345)
24
0.3
(373)
1
(1,143)
Group Management & Services
485
624
(247)
(701)
(144.5)
(15)
10
1,734
Inter-sector eliminations
 
(196)
 
 
 
 
 
 
 
26,385
26,385
(1,777)
54
0.2
(482)
19
(1,606)
 
 
 
 
 
 
 
 
 
2007
 
 
 
 
 
 
 
 
Healthcare
6,638
6,656
(594)
709
10.7
(2)
7
212
Consumer Lifestyle
13,102
13,368
(504)
789
6.0
(18)
2
714
of which Television
6,042
6,285
(113)
(98)
(1.6)
−
−
(68)
Lighting
6,321
6,101
(282)
664
10.5
(31)
−
(625)
Group Management & Services
732
893
(221)
(295)
(40.3)
(11)
875
5,151
Inter-sector eliminations
 
(225)
 
 
 
 
 
 
 
26,793
26,793
(1,601)
1,867
7.0
(62)
884
5,452
 
 
 
 
 
 
 
 
 

The following sectors are included in the table above: Healthcare, Consumer Lifestyle, Lighting, and Group Management & Services (GM&S). A short description of these sectors is as follows:

Healthcare: Consists of the following businesses - Imaging Systems, Clinical Care systems, Home Healthcare Solutions, Healthcare Informatics and Patient Monitoring, and Customer Services.

Consumer Lifestyle: Consists of the following businesses - Television, Shaving & Beauty, Audio & Video Multimedia, Domestic Appliances, Peripherals & Accessories, Health & Wellness, and Licenses.

Lighting: Consists of the following businesses - Lamps, Professional Luminaires, Consumer Luminaires, Lighting Electronics, Automotive, Special Lighting Applications, and Lumileds.

GM&S: Consists of the corporate center, as well as the overhead expenses of regional and country organizations. Also included are the costs of Philips’ pension and other postretirement benefit costs not directly allocated to the other sectors.

Sectors
 
total assets
net operating capital
total liabilities excl. debt
tangible and intangible assets
capital expenditures
depreciation of property, plant and equipment1)
 
 
 
 
 
 
 
2009
 
 
 
 
 
 
Healthcare
10,969
8,434
2,564
7,766
164
186
Consumer Lifestyle
3,286
625
2,172
1,383
137
145
of which Television
599
(386)
998
61
30
44
Lighting
6,748
5,104
1,450
4,860
165
311
Group Management & Services
9,524
(1,514)
5,430
766
58
104
 
30,527
12,649
11,616
14,775
524
746
 
 
 
 
 
 
 
2008
 
 
 
 
 
 
Healthcare
11,423
8,785
2,566
8,117
206
139
Consumer Lifestyle
3,576
798
2,812
1,210
171
169
of which Television
988
(238)
1,226
79
62
67
Lighting
7,222
5,712
1,459
5,138
304
330
Group Management & Services
9,689
(1,226)
5,292
788
89
91
 
31,910
14,069
12,129
15,253
770
729
 
 
 
 
 
 
 
2007
 
 
 
 
 
 
Healthcare
6,805
4,758
1,972
3,987
166
91
Consumer Lifestyle
4,494
1,122
3,473
1,514
166
155
of which Television
1,309
(199)
1,608
115
61
52
Lighting
5,328
4,050
1,170
3,462
245
218
Group Management & Sevices
19,435
872
4,257
866
81
98
 
36,062
10,802
10,872
9,829
658
562
Discontinued operations
319
 
78
 
 
 
 
36,381
 
10,950
 
 
 
 
 
 
 
 
 
 
As of January 2009, the Hospitality business moved from Consumer Lifestyle to Lighting. In 2009, the activities of the Incubators, which are included in Innovation & Emerging Businesses, were charged to Research & Development costs of the operating sectors. Beginning in 2009, Innovation & Emerging Businesses is reported under Group Management & Services. As a consequence of the aforementioned, prior-year financials have been restated.
1) Includes impairments
Goodwill assigned to sectors
 
carrying value
at January 1
acquisitions
impairment
translation differences and other changes
carrying value at December 31
 
 
 
 
 
 
2009
 
 
 
 
 
Healthcare
4,961
26
−
(64)
4,923
Consumer Lifestyle
364
80
−
19
463
Lighting
1,955
43
−
(22)
1,976
Group Management & Services
−
−
−
−
−
 
7,280
149
−
(67)
7,362
 
 
 
 
 
 
2008
 
 
 
 
 
Healthcare
2,235
2,421
−
305
4,961
Consumer Lifestyle
425
5
−
(66)
364
Lighting
1,140
1,024
(301)
92
1,955
Group Management & Services
−
−
−
−
−
 
3,800
3,450
(301)
331
7,280

Main countries
 
sales1)
total assets1)
net operating capital
tangible and intangible assets
capital expenditures
depreciation of property, plant and equipment2)
 
 
 
 
 
 
 
2009
 
 
 
 
 
 
Netherlands
871
7,812
2,572
1,194
92
172
United States
6,125
12,161
8,507
9,513
126
166
Germany
1,938
928
(414)
288
33
47
France
1,495
444
(116)
111
8
31
United Kingdom
715
777
50
585
6
9
China
1,713
1,440
(271)
369
41
50
Other countries
10,332
6,965
2,321
2,715
218
271
 
23,189
30,527
12,649
14,775
524
746
 
 
 
 
 
 
 
2008
 
 
 
 
 
 
Netherlands
1,017
8,928
3,016
1,348
156
151
United States
7,015
14,266
9,152
10,770
192
82
Germany
2,048
978
(308)
298
50
46
France
1,691
535
(77)
137
55
26
United Kingdom
1,015
730
414
524
13
9
China
1,747
1,333
(172)
242
60
44
Other countries
11,852
5,140
2,044
1,934
244
371
 
26,385
31,910
14,069
15,253
770
729
 
 
 
 
 
 
 
2007
 
 
 
 
 
 
Netherlands
1,159
14,117
2,155
1,367
163
151
United States
6,725
8,164
6,747
5,159
115
103
Germany
2,014
1,376
(255)
326
50
46
France
1,784
723
(86)
147
23
26
United Kingdom
1,250
1,039
689
719
13
8
China
1,707
1,259
(497)
189
36
42
Other countries
12,154
9,384
2,049
1,922
258
186
 
26,793
36,062
10,802
9,829
658
562
Discontinued operations
 
319
 
 
 
 
 
 
36,381
 
 
 
 
The sales are attributed by country of destination.
1) Prior period amounts have been reclassified.
2) Includes impairments
Previous - Consolidated statements of changes in equity Next - Significant accounting policies
This is an interactive electronic version of the Philips Annual Report 2009 and also contains certain information in summarized form. The contents of this version are qualified in their entirety by reference to the printed version of the Philips Annual Report 2009. The printed version is available as a PDF file on this website. Information about: forward-looking statements, third-party market share data, fair value information, IFRS basis of presentation, use of non-GAAP information, statutory financial statements and management report, reclassifications and analysis of 2008 compared to 2007.
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