Annual Report 2009
Did the report help you?
Take survey (7 questions, 1 minute)

Results of equity-accounted investees

Previous - Income taxes Next - Minority interests

The results related to equity-accounted investees increased from EUR 19 million in 2008 to EUR 76 million in 2009.

Results of equity-accounted investees
in millions of euros
 
2007
2008
2009
 
 
 
 
Company’s participation in income (loss)
246
81
23
Results on sale of shares
660
(2)
−
Gains arising from dilution effects
−
12
−
(Reversal of) investment impairment and guarantee charges
(22)
(72)
53
 
884
19
76

Following recovery of the TPV share price in 2009, the accumulated value adjustment of the shareholding in TPV recognized in 2008 was reversed by EUR 55 million. The company’s participation in income of EUR 23 million was mainly attributable to results on Intertrust.

During 2008, as a result of the reduction in both the Philips shareholding and the number of Philips board members, LG Display was accounted for as an available-for-sale financial asset and no longer as an equity-accounted investee.

For further information, refer to note (6) Investments in equity-accounted investees in the Group financial statements.

Previous - Income taxes Next - Minority interests

My Annual Report
Start creating your PDF below
Add this page
my selection: 0
Download my Report
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.
...
debugging messages