Related-party transactions

In the normal course of business, Philips purchases and sells goods and services from/to various related parties in which Philips typically holds a 50% or less equity interest and has significant influence. These transactions are generally conducted with terms comparable to transactions with third parties.

For remuneration details of the members of the Board of Management and the Supervisory Board see note (31) Information on remuneration.

For employee benefit plans see note (18) Pensions and other postretirement benefits.