Annual Report 2008
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Receivables

 
 
2007
2008
 
 
 
Trade accounts receivable
169
104
Affiliated companies
16,481
613
Other receivables
97
87
Advances and prepaid expenses
61
42
Deferred tax assets
65
32
Derivative instruments - assets
276
478
 
17,149
1,356
 

An amount of EUR 45 million included in receivables is due after one year (2007: EUR 65 million).

Until June 2008, cash transactions with US-based group companies were executed through Koninklijke Philips Electronics N.V. (KPENV), which resulted in significant individual short-term intercompany receivables and payables. As from that date, and in line with the standard practice in other countries, these intercompany receivables and payables are periodically cleared via Philips Electronics North America Corporation, a subsidiary of KPENV. Consequently, the intercompany receivables stated under ‘Affiliated companies’ are significantly lower compared to previous years.

This is an interactive electronic version of the Philips Annual Report 2008 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 2008. 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, US GAAP basis of presentation, use of non-US GAAP information, statutory financial statements and management report, revision and reclassifications and analysis of 2007 compared to 2006.
246
246
Notes to the US GAAP financial statements
Notes to the IFRS financial statements
Notes to the Company financial statements
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