Koninklijke Philips N.V. – Annual report – 31 December 2022
Industry: manufacturing
6 Income from operations (extract)
Sales composition and disaggregation (extract)
For information related to sales on a segment and geographical basis, refer to Information by segment and main country, starting on page 153.
Total sales from other sources mainly relates to leases, including sublease income from right-of-use assets and related services of EUR 258 million (2021: EUR 293 million 2020: EUR 325 million). Sales represent revenue from external customers.
As of December 31, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations from a sale of goods and services was EUR 16.57 million. The company expects to recognize approximately 50% of the remaining performance obligations within 1 year. Revenue expected to be recognized beyond 1 year is mostly related to longer term customer service and software contracts.
Sales over time represent services and Other also includes royalties over time (2022: EUR 292 million 2021: EUR 220 million 2020: EUR 211 million).
Page 153 extracts
2 Information by segment and main country (extracts)
Accounts examples 