Below are the financial statements of Koninklijke Philips, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of EUR | 2024 | 2023 | 2022 |
|---|---|---|---|
| Sales | 18,021a | 18,169a | 17,827a |
| Cost of sales | -10,248a | -10,721a | -10,633a |
| Gross margin | 7,773a | 7,448a | 7,194a |
| Selling expenses | -4,486a | -4,524a | -4,621a |
| General and administrative expenses | -582a | -608a | -671a |
| Research and development expenses | -1,747a | -1,890a | -2,091a |
| Impairment of goodwill | -8a | - | -1,357a |
| Other business income | 590a | 112a | 127a |
| Other business expenses | -1,019a | -645a | -109a |
| Income from operations | 529a | -115a | -1,529a |
| Financial income | 105a | 63a | 58a |
| Financial expenses | -387a | -376a | -258a |
| Investments in associates, net of income taxes | -124a | -98a | -2a |
| Income before taxes | 123a | -526a | -1,731a |
| Income tax (expense) benefit | -963a | -73a | -113a |
| Income from continuing operations | -840a | -454a | -1,618a |
| Discontinued operations, net of income taxes | 142a | -10a | 13a |
| Net income | -698a | -463a | -1,605a |
| Net income attributable to shareholders of Koninklijke Philips N.V. | -702a | -466a | -1,608a |
| Net income attributable to non-controlling interests | 3a | 2a | 3a |
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