Balance sheets before appropriation of results

Koninklijke Philips N.V.
Balance sheets in millions of EUR unless otherwise stated
As of December 31
 
2013
2014
Assets
 
 
 
 
Non-current assets:
 
 
 
 
Property, plant and equipment
18
 
1
 
Intangible assets
55
 
57
 
Financial fixed assets
19,535
 
19,676
 
Non-current receivables
32
 
46
 
Deferred tax assets
161
 
479
 
Other non-current financial assets
283
 
229
 
Total non-current assets
 
20,084
20,488
Current assets:
 
 
 
 
Current financial assets
 
 
121
 
Receivables
7,500
 
8,469
 
Assets classified as held for sale
45
 
54
 
Cash and cash equivalents
1,282
 
701
 
Total current assets
 
8,827
 
9,345
Total assets
 
28,911
 
29,833
 
 
 
 
 
Liabilities and shareholders’ equity
 
 
 
 
Shareholders’ equity:
 
 
 
 
Preference shares, par value EUR 0.20 per share:
 
 
 
 
  • Authorized: 2,000,000,000 shares (2013: 2,000,000,000 shares)
 
 
 
 
  • Issued: none
 
 
 
 
Common shares, par value EUR 0.20 per share:
 
 
 
 
  • Authorized: 2,000,000,000 shares (2013: 2,000,000,000 shares)
 
 
 
 
  • Issued and fully paid: 934,819,413 shares (2013: 937,845,789 shares)
188
 
187
 
Capital in excess of par value
1,796
 
2,181
 
Legal reserve: revaluation
23
 
13
 
Legal reserve: available-for-sale financial assets
55
 
27
 
Legal reserve: cash flow hedges
24
 
(13)
 
Legal reserve: affiliated companies
1,319
 
1,059
 
Legal reserve: currency translation differences
(569)
 
229
 
Retained earnings
7,927
 
7,316
 
Net income1)
1,169
 
415
 
Treasury shares, at cost: 20,430,544 shares (2013: 24,508,022 shares)
(718)
 
(547)
 
Total equity
 
11,214
 
10,867
Non-current liabilities:
 
 
 
 
Long-term debt
3,158
 
3,555
 
Long-term provisions
16
 
10
 
Deferred tax liabilities
15
 
12
 
Other non-current liabilities
161
 
119
 
Total non-current liabilities
 
3,350
 
3,696
Current liabilities:
 
 
 
 
Short-term debt
13,645
 
14,060
 
Other current liabilities
702
 
1,210
 
Total current liabilities
 
14,347
 
15,270
Contractual obligations and contingent liabilities not appearing in the balance sheet
 
 
 
 
Liabilities and shareholders’ equity
 
28,911
 
29,833
1)
Prepared before appropriation of results
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CO2-equivalent or carbon dioxide equivalent is a quantity that describes, for a given mixture and amount of greenhouse gas, the amount of CO2 that would have the same global warming potential (GWP), when measured over a specified timescale (generally 100 years).