Annual Report 2009
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Receivables

Auditor's report
Auditor's report on internal control
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The accounts receivable, net, split per sector are as follows:

 
 
2008
2009
 
 
 
Healthcare
1,586
1,571
Consumer Lifestyle
1,235
1,096
Lighting
874
909
Group Management & Services
118
93
 
3,813
3,669

The aging analysis of accounts receivable, net, is set out below:

 
 
2008
2009
 
 
 
current
2,953
3,075
overdue 1-30 days
479
307
overdue 31-180 days
321
241
overdue > 180 days
60
46
 
3,813
3,669

A large part of the overdues of trade accounts receivable relates to public sector customers with slow payment approval processes. Provisions primarily relate to items overdue for more than 180 days.

The changes in the allowance for doubtful accounts receivable are as follows:

 
 
2007
2008
2009
 
 
 
 
Balance as of January 1
336
300
280
Additions charged to income
62
33
23
Deductions from allowance1)
(85)
(63)
(58)
Other movements2)
(13)
10
16
Balance as of December 31
300
280
261
1) Write-offs for which an allowance was previously provided
2) Including the effect of translation differences and consolidation changes

Income taxes receivable (current portion) totaling EUR 81 million (2008: EUR 133 million) are included in other receivables.

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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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