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

Koninklijke Philips N.V. – Annual report – 31 December 2018

Industry: manufacturing

  1. Income from operations (extract)

Sales composition and disaggregation


At 31 December 2018, the aggregate amount of the transaction price allocated to remaining performance obligations from a sale of goods and services was EUR 10,637 million. The company expects to recognize approximately 47% 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.