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Pursuant to article 34 of the articles of association of Royal Philips Electronics, a dividend will first be declared on preference
shares out of net income. The remainder of the net income, after reservations made with the approval of the Supervisory Board,
shall be available for distribution to holders of common shares subject to shareholder approval after year-end. As of December
31, 2008, the issued share capital consists only of common shares; no preference shares have been issued. Article 33 of the
articles of association of Royal Philips Electronics gives the Board of Management the power to determine what portion of
the net income shall be retained by way of reserve, subject to the approval of the Supervisory Board.
Pursuant to article 35 of the articles of association of Royal Philips Electronics, a proposal will be submitted to the 2009
Annual General Meeting of Shareholders to declare a distribution in cash of EUR 0.70 per common share from the retained earnings.
Such distribution is expected to result in a payment of EUR 646 million.
In 2008, a dividend was paid of EUR 0.70 per common share (EUR 720 million) in respect of the financial year 2007. The remainder
of the net income for the financial year 2007 has been retained by way of reserve.
The balance sheet presented in this report, as part of the Company financial statements for the period ended December 31,
2008, is before appropriation of the result for the financial year 2008.
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