Related-party transactions

In the normal course of business, Philips purchases and sells goods and services to various related parties in which Philips typically holds a 50% or less equity interest and has significant influence. These transactions are generally conducted with terms comparable to transactions with third parties.

For acquisitions and divestments see note (39) Acquisitions and divestments.

For remuneration details of the members of the Board of Management and the Supervisory Board see note (34) Information on remuneration.

For employee benefit plans see note (56) Pensions and postretirement benefits