XML 125 R65.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Details of treasury and other financial risks (Tables)
 12 Months Ended
Dec. 31, 2019
Details of treasury and other financial risks [Abstract]  
Details of treasury and other financial risks (Tables), Contractual cash obligations [Text Block]

Philips Group

Contractual cash obligations1)2)

in millions of EUR

2019

payments due by period

total

less than 1 year

1-3 years

3-5 years

after 5 years

Long-term debt3)

5,699

256

293

1,218

3,932

Lease obligations

1,533

292

438

261

543

Short-term debt

92

92

Derivative liabilities

192

68

1

123

Purchase obligations4)

822

370

344

61

48

Trade and other payables

2,089

2,089

Contractual cash obligations

10,427

3,167

1,075

1,662

4,523

1)Amounts in this table are undiscounted
2)This table excludes post-employment benefit plan contribution commitments and income tax liabilities in respect of tax risks because it is not possible to make a reasonably reliable estimate of the actual period of cash settlement
3)Long-term debt includes interest and the current portion of long-term debt and excludes lease obligations.
4)Purchase obligations are agreements to purchase goods or services that are enforceable and legally binding for the Group. They specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price provisions and the approximate timing of the transaction. They do not include open purchase orders or other commitments which do not specify all significant terms.
Details of treasury and other financial risks (Tables), Lease - minimum payments under sale-and-leaseback arrangements [Text Block]

Philips Group

Lease - minimum payments under sale-and-leaseback arrangements

in millions of EUR

2019

2020

112

2021

97

2022

73

2023

52

2024

33

Thereafter

125
Details of treasury and other financial risks (Tables), Estimated transaction exposure and related hedges [Text Block]

Philips Group

Estimated transaction exposure and related hedges

in millions of EUR

2019

Sales/Receivables

Purchases/Payable

exposure

hedges

exposure

hedges

Balance as of December 31, 2019

Exposure currency

USD

2,125

(1,467)

(907)

786

JPY

870

(478)

(10)

10

GBP

371

(203)

(24)

23

CNY

456

(322)

(141)

136

CAD

283

(161)

PLN

275

(96)

AUD

225

(133)

CHF

110

(58)

(0)

CZK

108

(37)

SEK

71

(38)

RUB

58

(58)

Others

280

(240)

(523)

290

Total 2019

5,233

(3,292)

(1,606)

1,244

Total 2018

3,930

(2,562)

(960)

809
Details of treasury and other financial risks (Tables), Estimated impact of 10% increase of value of the EUR on the fair value of hedges [Text Block]

Philips Group

Estimated impact of 10% increase of value of the EUR on the fair value of hedges

in millions of EUR

2018

2019

USD

75

85

JPY

15

19

GBP

7

14

CHF

5

5

PLN

6

9

RUB

2

3
Details of treasury and other financial risks (Tables), Net debt and interest rate sensitivity [Text Block]

Philips Group

Net debt1) and interest rate sensitivity

in millions of EUR

2018

2019

Impact 1% interest increase on the fair value of the fixed-rate long-term debt2)3)

(275)

(300)

Impact 1% interest decrease on the fair value of the fixed-rate long-term debt2)3)

276

301

Impact 1% interest increase on the annualized net interest expense4)

9

11

1)The definition of this non-IFRS measure and a reconciliation to the IFRS measure is included in Equity
2)The sensitivity analysis conducted shows that if long-term interest rates were to increase/decrease instantaneously by 1% from their level of December 31st, 2019, with all other variables (including foreign exchange rates) held constant.
3)Fixed-rate long-term debt is excluding forward contracts.
4)The impact is based on the outstanding net cash position (after excluding fixed-rate debt) at December 31, 2019.
Details of treasury and other financial risks (Tables), Credit risk with number of counterparties [Text Block]

Philips Group

Credit risk with number of counterparties

for deposits above EUR 10 million

2019

10-100 million

100-500 million

500 million and above

AA- rated bank counterparties

1

A+ rated bank counterparties

1

3

A rated bank counterparties

2

A- rated bank counterparties

1

1

2

7