Philips

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  • Topic: Philips, Frits Philips, Gerard Philips
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  • Published : March 5, 2013
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Annual Report 2011
Financial, social and environmental performance

Accelerate! The journey to unlock our full potential

Please note: this PDF contains only the pages highlighted in the list of contents below. The contents of this file are qualified in their entirety by reference to the printed version of the Philips Annual Report 2011. The information in this PDF has been derived from the audited financial statements 2011 of Koninklijke Philips Electronics N.V. KPMG has issued unqualified auditors’ reports on these financial statements.

This is the employee selection from the Philips Annual Report 2011

Contents
Grey text indicates parts not included in this selection from the Philips Annual Report 2011.

15 16

Reconciliation of non-GAAP information Five-year overview Investor Relations Definitions and abbreviations Forward-looking statements and other information

55 57

Performance highlights Message from the CEO 1 2 3
3.1 3.2 3.3 3.4 3.5 3.6

3

17
5

18 Our company Our strategic focus Our strategy in action
Philips’ China journey – a dynamic partnership COPD home care solutions: Philips delivers Global leadership through local relevance Building a global oral healthcare brand Innovation bringing city lighting to life Customer-centric innovation shaping the future of motoring 9

19
11 13 14 16 18 20 22 24

IFRS basis of presentation The financial information included in this document is based on IFRS, unless otherwise indicated. Forward-looking statements and other information Please refer to chapter 19, Forward-looking statements and other information, of this Annual Report for more information about forwardlooking statements, third-party market share data, fair value information, IFRS basis of preparation, use of non-GAAP information, statutory financial statements and management report, and reclassifications. Dutch Financial Markets Supervision Act This document comprises regulated information within the meaning of the Dutch Financial Markets Supervision Act (Wet op het Financieel Toezicht). Statutory financial statements and management report The chapters Group financial statements and Company financial statements contain the statutory financial statements of the Company. The introduction to the chapter Group financial statements sets out which parts of this Annual Report form the Management report within the meaning of Section 2:391 of the Dutch Civil Code (and related Decrees).

4
4.1 4.2 4.3

Our planet, our partners, our people
Optimizing our ecological footprint Partnering to drive change Our people – making a difference

26 27 29 31 33 35 41 46 51 -

5 6
6.1 6.2 6.3 6.4

Group performance Sector performance
Healthcare Consumer Lifestyle Lighting Group Management & Services

7 8 9 10 11 12 13 14

Risk management Management Supervisory Board Supervisory Board report Corporate governance Group financial statements Company financial statements Sustainability statements

2

This is the employee selection from the Philips Annual Report 2011

Performance highlights

Performance highlights
Prior years results and cash flows have been restated to reflect the effect of classifying the Television business as discontinued operations in 2011.

Comparable sales growth by geographic cluster1) as a %

■-Philips Group--■-growth geographies--■-mature geographies 15 10 5 0 (5) (10) (15) 0.2 7.6 14.2 11.7 6.1 4.8 1.2 13.6 11.1 4.1 1.0

(5.1)

(4.4) (9.2) (11.0) 2010 2011

Financial table

all amounts in millions of euros unless otherwise stated 2009 Sales EBITA1) as a % of sales EBIT1) as a % of sales Net income (loss) per common share in euros - basic - diluted Net operating capital1) Free cash flows1) Shareholders’ equity Employees at December 31 2)

2010 22,287 2,562 11.5 2,080 9.3 1,452

2011 22,579 1,680 7.4 (269) (1.2) (1,291)
15 10 5 0 (5)

2007

2008

2009

20,092 1,096 5.5 660 3.3 424

Comparable sales growth by operating sector1) as a %...
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