Annual Report 2008
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Short-term debt

Auditor report 		Notes
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Short-term debt includes the current portion of outstanding long-term debt of EUR 126 million (2007: EUR 1,840 million) and debt to other group companies totaling EUR 2,792 million (2007: EUR 19,193 million). Institutional financing amounts to EUR 61 million (2007: EUR 66 million).

Debt to other group companies is significantly lower compared to previous years as a result of the adoption of a new practice to clear cash transactions with US-based subsidiaries (see note A for a further explanation).

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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.
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Notes to the US GAAP financial statements
Notes to the IFRS financial statements
Notes to the Company financial statements
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