Annual Report Presentation:
Transcript: General Information General Information Annual Report Presentation: Philips The company has international operations, providing products and services in many countries from regions all over the world NASDAQ is where Philips' common stocks are traded PHG is the company's ticker symbol. General Information Philips has its headquarter in Amsterdam, North holland, Netherlands Philips Publishing, Inc and Access Intelligence, LLC (formerly Phillips Business Information, Inc) are subsidiaries of Philips The company went public in 1891 They can be found on the internet under the following URL: www.philips.com History of Philips Financial Information History of Philips Philips has a rich history over the course of 120 years. The company is known for their wide array of products and services. Philips managed to maintain a high quality on all of their products and gained trusts of many of their customers. The company lights world-famous landmarks such as Eiffel Tower, the Pyramids of Giza and Golden Gate Bridge. This is why we chose Philips for our annual report presentation. It was established in 1891. Philips’ first research laboratory was established in 1914 and the company started introducing its first innovations in the x-ray and radio technology. Philips has a current ratio of 1.354 The company's Account's Receivable ratio is at 1.346 KPMG is the name of the accounting firm who audits Philips financial and has been the company's auditors since 1995. KPMG does not provide consulting services for Philips. Would I recommend investing in Philips? Yes. Philips' milestones and developments: 1891: The company is established. 1914: Innovations in X-Ray and radio technology. 1992: Company reorganizes into two separate subsidiaries--Phillips Publishing, Inc. and Phillips Business Information, Inc.--under the Phillips Publishing International, Inc., umbrella. 1993: Company launches Eagle Publishing, Inc. 1999: Company changes name to Phillips International, Inc. 2000: VS&A Communications Partners II LP acquires Phillips Business Information. 2004: Company sells Phillips Health division to two New York-based investment firms. Financial Information Philips sell many electronic products in many different divisions; eg. Home video & audio, headphones, lamps & lightbulbs, personal grooming products and pocket projectors Philips' Subsidiary; Philips Publishing, Inc, is involved in the publication of newspapers and magazines as well as developing and managing conferences and events for these markets Philips' Subsidiary; Access Intelligence, LLC, an information and marketing company, provides business intelligence and integrated marketing solutions to business professionals worldwide. GE Appliances is Philips main competitor. From the income statement, December 31 is Philips' end of fiscal year. (Pg 130) Philips uses Straight Line method (Pg 140) Inventories are valued using First-in-first-out (FIFO) method (PG 140) Yesterday's closing price was at $33.33 for Philips stock By using Financeyahoo.com, the highest stock price is $38.40 with $26.51 for its lowest stock price over the past 52 weeks
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