Financing

Condensed consolidated balance sheets for the years 2012, 2013 and 2014 are presented below:

Philips Group
Condensed consolidated balance sheet1) in millions of EUR
2012 - 2014
 
2012
2013
2014
Intangible assets
10,679
9,766
10,526
Property, plant and equipment
2,959
2,780
2,095
Inventories
3,495
3,240
3,314
Receivables
4,858
4,892
5,040
Assets held for sale
43
507
1,613
Other assets
3,213
2,909
3,891
Payables
(6,210)
(5,435)
(5,293)
Provisions
(2,956)
(2,554)
(3,445)
Liabilities directly associated with assets held for sale
(27)
(348)
(349)
Other liabilities
(4,169)
(3,094)
(4,193)
Net asset employed
11,885
12,663
13,199
Cash and cash equivalents
3,834
2,465
1,873
Debt
(4,534)
(3,901)
(4,104)
Net debt
(700)
(1,436)
(2,231)
Non-controlling interests
(34)
(13)
(101)
Shareholders’ equity
(11,151)
(11,214)
(10,867)
Financing
(11,885)
(12,663)
(13,199)
1)
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The financing structure in 2015 will be broadly in line with 2014.

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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).

SF6 (Sulfur hexafluoride) is used in the electrical industry as a gaseous dielectric medium.