Philips
Annual Report 2011
Financial, social and environmental performance
Accelerate! The journey to unlock our full potential
Please note: this PDF contains only the pages highlighted in the list of contents below. The contents of this file are qualified in their entirety by reference to the printed version of the Philips Annual Report 2011. The information in this PDF has been derived from the audited financial statements 2011 of Koninklijke Philips Electronics N.V. KPMG has issued unqualified auditors’ reports on these financial statements.
This is the employee selection from the Philips Annual Report 2011
Contents
Grey text indicates parts not included in this selection from the Philips Annual Report 2011.
15 16
Reconciliation of non-GAAP information Five-year overview Investor Relations Definitions and abbreviations Forward-looking statements and other information
55 57
Performance highlights Message from the CEO 1 2 3
3.1 3.2 3.3 3.4 3.5 3.6
3
17
5
18 Our company Our strategic focus Our strategy in action
Philips’ China journey – a dynamic partnership COPD home care solutions: Philips delivers Global leadership through local relevance Building a global oral healthcare brand Innovation bringing city lighting to life Customer-centric innovation shaping the future of motoring
9
19
11 13 14 16 18 20 22 24
IFRS basis of presentation The financial information included in this document is based on IFRS, unless otherwise indicated. Forward-looking statements and other information Please refer to chapter 19, Forward-looking statements and other information, of this Annual Report for more information about forwardlooking statements, third-party market share data, fair value information, IFRS basis of preparation, use of non-GAAP information, statutory financial statements and management report, and reclassifications. Dutch Financial Markets Supervision Act This document comprises regulated information within the meaning of the Dutch
Financial, social and environmental performance
Accelerate! The journey to unlock our full potential
Please note: this PDF contains only the pages highlighted in the list of contents below. The contents of this file are qualified in their entirety by reference to the printed version of the Philips Annual Report 2011. The information in this PDF has been derived from the audited financial statements 2011 of Koninklijke Philips Electronics N.V. KPMG has issued unqualified auditors’ reports on these financial statements.
This is the employee selection from the Philips Annual Report 2011
Contents
Grey text indicates parts not included in this selection from the Philips Annual Report 2011.
15 16
Reconciliation of non-GAAP information Five-year overview Investor Relations Definitions and abbreviations Forward-looking statements and other information
55 57
Performance highlights Message from the CEO 1 2 3
3.1 3.2 3.3 3.4 3.5 3.6
3
17
5
18 Our company Our strategic focus Our strategy in action
Philips’ China journey – a dynamic partnership COPD home care solutions: Philips delivers Global leadership through local relevance Building a global oral healthcare brand Innovation bringing city lighting to life Customer-centric innovation shaping the future of motoring
9
19
11 13 14 16 18 20 22 24
IFRS basis of presentation The financial information included in this document is based on IFRS, unless otherwise indicated. Forward-looking statements and other information Please refer to chapter 19, Forward-looking statements and other information, of this Annual Report for more information about forwardlooking statements, third-party market share data, fair value information, IFRS basis of preparation, use of non-GAAP information, statutory financial statements and management report, and reclassifications. Dutch Financial Markets Supervision Act This document comprises regulated information within the meaning of the Dutch