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The investments in affiliated companies are included in the balance sheet based on either their net asset value in accordance
with the aforementioned accounting principles of the consolidated financial statements, or at amortized cost.
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Balance as of January 1, 2008
1)
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Transferred to other non-current financial assets
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After-tax income (loss) from affiliated companies
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Balance as of December 31, 2008
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A list of subsidiaries and affiliated companies, prepared in accordance with the relevant legal requirements (Dutch Civil
Code, Book 2, Sections 379 and 414), is deposited at the office of the Commercial Register in Eindhoven, Netherlands.
The transfer to Other non-current financial assets mainly relates to the financial interest in LG Display. At the end of February
2008, Philips’ influence on LG Display's operating and financial policies including representation on the LG Display board,
was reduced. Consequently, the 19.9% investment in LG Display was transferred from Investments in affiliated companies to
Other non-current financial assets effective March 1, 2008, as Philips was no longer able to exercise significant influence.
Philips ceased to apply equity accounting for its LG Display shares as of that date.
The line Acquisitions/additions especially reflects the impact of equity injections and intercompany funding provided by the
Company to US-based group companies. These transactions enabled the group companies to finance the three major acquisitions
in 2008 (Genlyte group Inc., Respironics Inc. and VISICU Inc.).
The line Other especially reflects actuarial gains and losses related to defined-benefit plans of group companies.
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