IFRS 15, paras 114-115, B87-B89, disaggregation of revenue

Koninklijke Philips N.V. – Annual report – 31 December 2019

Industry: manufacturing

6 Income from operations (extract)
Sales composition and disaggregation

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1) Other sources mainly relates to leases, including sublease income from right-of-use assets and related services of EUR 307 million (2018: EUR 273 million)

At December 31, 2019, the aggregate amount of the transaction price allocated to remaining performance obligations from a sale of goods and services was EUR 11,692 million. The company expects to recognize approximately 49% 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.

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