Annual Report 2008
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Receivables

Auditor report 		Notes
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The accounts receivable, net, split per sector are as follows:

 
 
2007
2008
 
 
 
Healthcare
1,425
1,586
Consumer Lifestyle
1,770
1,258
Lighting
796
851
I&EB
151
85
GM&S
67
33
 
4,209
3,813
 

The ageing analysis of accounts receivable, net, is set out below:

 
 
2007
2008
 
 
 
not overdue
3,453
2,953
overdue 1-30 days
495
479
overdue 31-180 days
261
321
overdue > 180 days
−
60
 
4,209
3,813
 

A large part of the overdues of trade accounts receivable relates to public sector customers with slow payment approval processes. Provisions primarily relate to items overdue for more than 180 days.

Income taxes receivable (current portion) totaling EUR 133 million (2007: EUR 52 million) are included in other receivables.

The changes in the allowance for doubtful accounts receivable are as follows:

 
 
2006
2007
2008
 
 
 
 
Balance as of January 1
369
336
300
Additions charged to income
52
62
33
Deductions from allowance 1)
(72)
(85)
(63)
Other movements 2)
(13)
(13)
10
Balance as of December 31
336
300
280
 
1) Write-offs for which an allowance was previously provided
2) Including the effect of translation differences and consolidation changes
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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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228
Notes to the US GAAP financial statements
Notes to the IFRS financial statements
Notes to the Company financial statements
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