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Income from operations
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For information related to sales and income from operations on a geographical and sector basis, see
Information by sector and main country.
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Salaries and wages
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Other social security and similar charges:
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Salaries and wages include an amount of EUR 372 million (2007: EUR 35 million, 2006: EUR 78 million) relating to restructuring
charges.
See
note (56) Pensions and postretirement benefits for further information on pension costs.
Share-based compensation expense amounted to EUR 78 million (EUR 106 million, net of tax), EUR 111 million (EUR 84 million,
net of tax) and EUR 107 million (EUR 78 million, net of tax) in 2008, 2007, and 2006, respectively. See
note (33) Share-based compensation for futher information on share-based compensation.
For remuneration details of the members of the Board of Management and the Supervisory Board, see
note (34) Information on remuneration.
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Employees
The average number of employees by category is summarized as follows (in FTEs):
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Discontinued operations
1)
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Depreciation and amortization
Depreciation of property, plant and equipment and amortization of intangibles are as follows:
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Depreciation of property, plant and equipment
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Amortization of internal-use software
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Amortization of other intangibles:
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- Amortization of other intangible assets
- Amortization of development costs
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Depreciation of property, plant and equipment includes an additional write-off in connection with the retirement of property,
plant and equipment amounting to EUR 40 million (2007: EUR 28 million, 2006: EUR 20 million).
Included in depreciation of property, plant and equipment is an amount of EUR 57 million (2007: EUR 22 million, 2006: EUR
17 million) relating to impairment charges.
Depreciation of property, plant and equipment and amortization of software and other intangible assets are primarily included
in cost of sales. Amortization of development cost is included in research and development expenses.
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Total depreciation and amortization
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Innovation & Emerging Businesses
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Group Management & Services
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Impairment of goodwill
In 2008, EUR 301 million goodwill impairment charges were recorded of which EUR 299 million was related to Lumileds (2007:
EUR nil, 2006: EUR nil).
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Other business income (expense)
Other business income (expense) consists of the following:
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Result on disposal of businesses:
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Result on disposal of fixed assets:
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Result on remaining businesses:
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Results on the disposal of businesses consisted of:
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Automotive Playback Modules
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Connected Displays (Monitors)
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Set-Top Boxes and Connectivity Solutions
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Philips Speech Recognition Systems
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The results on the disposal of businesses in 2008 are mainly related to the sale of the Set-Top Boxes and Connectivity Solutions
activities to Pace Micro Technology which resulted in a gain of EUR 42 million, and the sale of Speech Recognition activities
to Nuance Communications which resulted in a gain of EUR 45 million.The result on the disposal of fixed assets is mainly related
to the sale of fixed assets in Taiwan with a gain of EUR 39 million.
The result on the disposal of businesses in 2007 mainly related to the sale of Automotive Playback Modules which resulted
in a loss of EUR 30 million. The result on the sale of fixed assets mainly related to the sale of certain buildings in Austria
and the Netherlands as well as land in the US. The other business results are mainly attributable to certain settlements and
the finalization of several divestitures.
The result on the disposal of businesses in 2006 is related mainly to the sale of the CryptoTec activities which delivered
a gain of EUR 26 million, the sale of Philips Sound Solutions PSS to D&M Holding at a gain of EUR 12 million and the sale
of Television at a gain of EUR 23 million. The result on the disposal of fixed assets is mainly related to the sale of certain
real estate assets in Austria with a gain of EUR 31 million. Other business income consists of the settlement of certain legal
claims and some releases of provisions.
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