1、PDF/printed versionThis document is the PDF/printed version of the 2021 Annual Reportof Royal Philips and has been prepared for ease of use.The 2021Annual Report was made publicly available pursuant to section 5:25cof the Dutch Financial Supervision Act(Wet op het financieeltoezicht),and was filed w

2、ith Netherlands Authority for the FinancialMarkets in European single electronic reporting format(the ESEFpackage).The ESEF package is available on the companys website athttps:/ andincludes a human readable XHTML version of the 2021 AnnualReport.In any case of discrepancies between this PDF version

3、 andthe ESEF package,the latter prevails.IFRS basis of presentationThe financial information included in this document is based on IFRS,as explained in Significant accounting policies,starting on page 135,unless otherwise indicated.Comparative results have been restatedto reflect the treatment of th

4、e Domestic Appliances business as adiscontinued operation(for more information,please refer toDiscontinued operations and assets classified as held for sale,starting on page 152).Forward-looking statementsThis document contains certain forward-looking statements.By theirnature,these statements invol

5、ve risk and uncertainty.For moreinformation,please refer to Forward-looking statements and otherinformation,starting on page 235.References to PhilipsReferences to the Company or company,to Philips or the(Philips)Group or group,relate to Koninklijke Philips N.V.and its subsidiaries,as the context re

6、quires.Royal Philips refers to Koninklijke Philips N.V.Dutch Financial Markets Supervision ActThis document comprises regulated information within the meaningof the Dutch Financial Markets Supervision Act(Wet op hetfinancieel toezicht).Statutory financial statements and management reportThe chapters