Annual Report 2008
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Accrued liabilities

Auditor report 		Notes
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Accrued liabilities are summarized as follows:

 
 
2007
2008
 
 
 
Personnel-related costs:
 
 
- Salaries and wages
433
438
- Accrued holiday entitlements
178
192
- Other personnel-related costs
169
161
Fixed-asset-related costs:
 
 
- Gas, water, electricity, rent and other
62
69
Taxes:
 
 
- Income tax payable
154
132
- Other taxes payable
12
16
Communication & IT costs
31
23
Distribution costs
109
92
Sales-related costs:
 
 
- Commission payable
43
53
- Advertising and marketing-related costs
66
87
- Other sales-related costs
206
249
Material-related costs
134
170
Interest-related accruals
110
79
Deferred income
556
664
Derivative instruments - liabilities (see note (68) Fair value of financial assets and liabilities)
144
505
Restructuring-related liabilities
20
165
Other accrued liabilities
548
539
 
2,975
3,634
 

Please refer to note (42) Income taxes for a specification on the income tax payable.

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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.
232
232
Notes to the US GAAP financial statements
Notes to the IFRS financial statements
Notes to the Company financial statements
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