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Koninklijke Philips Electronics NV · 20-F · For 12/31/99

Filed On 3/29/00 · SEC File 1-05146-01 · Accession Number 950123-0-2917

  As Of               Filer                 Filing     As/For/On Docs:Pgs              Issuer               Agent

 3/29/00  Koninklijke Philips Electroni..NV 20-F       12/31/99    3:141                                    Bowne of NY City...01/FA

Annual Report of a Foreign Private Issuer · Form 20-F
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Koninklijke Philips Electronics N.V.                  23    102K 
 2: EX-99.I     Independent Auditors Report                            2±     7K 
 3: EX-99.II    1999 Annual Report to Shareholders                   116    439K

20-F · Koninklijke Philips Electronics N.V.
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (RTF, XML, et al.) Changes in Securities and Changes in Security for Registered Securities Compensation of Directors and Officers Control of Registrant Cooperative Business Activities and Unconsolidated Companies Defaults Upon Senior Securities Description of Business Description of Property Description of Securities to Be Registered Directors and Officers of Registrant Employment Exchange Controls and Other Limitations Affecting Security Holders Financial Statements Financial Statements and Exhibits Interest of Management in Certain Transactions Item 18 X Legal Proceedings Management's Discussion and Analysis of Financial Condition and Results of Operations Nature of Trading Market Options to Purchase Securities From Registrant or Subsidiaries Product Sectors and Principal Products Quantitative and Qualitative Disclosures about Market Risks Selected Consolidated Financial Data SELECTED CONSOLIDATED FINANCIAL DATA (continued) Taxation
1	1st Page
"	Item 17. Item 18 X
4	Item 1. Description of Business
5	Product Sectors and Principal Products
11	Cooperative Business Activities and Unconsolidated Companies
"	Employment
12	Item 2. Description of Property
"	Item 3. Legal Proceedings
"	Item 4. Control of Registrant
"	Item 5. Nature of Trading Market
13	Item 6. Exchange Controls and Other Limitations Affecting Security Holders
"	Item 7. Taxation
15	Item 8. Selected Consolidated Financial Data
16	Item 8. SELECTED CONSOLIDATED FINANCIAL DATA (continued)
19	Item 9. Management's Discussion and Analysis of Financial Condition and Results of Operations
"	Item 9a. Quantitative and Qualitative Disclosures about Market Risks
"	Item 10. Directors and Officers of Registrant
"	Item 11. Compensation of Directors and Officers
20	Item 12. Options to Purchase Securities From Registrant or Subsidiaries
21	Item 13. Interest of Management in Certain Transactions
"	Item 14. Description of Securities to Be Registered
"	Item 15. Defaults Upon Senior Securities
"	Item 16. Changes in Securities and Changes in Security for Registered Securities
"	Item 18. Financial Statements
"	Item 19. Financial Statements and Exhibits

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----------------------------------------------------------------------------- 
As filed with the Securities and Exchange Commission on March 29, 2000
----------------------------------------------------------------------------- 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 FORM 20-F

(Mark one)                                                        
[ ]     REGISTRATION STATEMENT PURSUANT TO SECTION 12(b)          
OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 
OR
[X]         ANNUAL REPORT PURSUANT TO SECTIONS 13 OR 15(d)        
OF THE SECURITIES EXCHANGE ACT OF 1934
OR
[ ]     TRANSITION REPORT PURSUANT TO SECTIONS 13 OR 15(d)        
OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 1999 

Commission file number 2-20193

KONINKLIJKE PHILIPS ELECTRONICS N.V.
(Exact name of Registrant as specified in charter)

THE NETHERLANDS 
(Jurisdiction of incorporation or organization) 

REMBRANDT TOWER, AMSTELPLEIN 1, 1096 HA AMSTERDAM, THE NETHERLANDS
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) 

Securities registered or to be registered pursuant to Section 12(b) of the Act: 
Title of each class                   Name of each exchange on which registered 

COMMON SHARES - PAR VALUE                              NEW YORK STOCK EXCHANGE  
EURO (EUR) 1 PER SHARE                                                          

Securities registered or to be registered pursuant to Section 12(g) of the Act: 
NONE

Securities for which there is a reporting obligation pursuant to Section 15(d)
of the Act: 
COMMON SHARES - PAR VALUE EURO (EUR) 1 PER SHARE

(Title of class)

Indicate the number of outstanding shares of the issuer's classes of capital or 
common stock as of the close of the period covered by the annual report:        

                                                                [Download Table]

                                                                                    
Class                                               Outstanding at December 31, 1999
KONINKLIJKE PHILIPS ELECTRONICS N.V.                                                
Priority Shares par value     EUR    500 per share                         10 shares
Common Shares par value       EUR      1 per share                339,078,811 shares

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934      
during the preceding 12 months (or for such shorter period that the registrant  
was required to file such reports) and (2) has been subject to such filing      
requirements for the past 90 days.                                              

Yes   X               No          
------               ------ 

Indicate by check mark which financial statement item the registrant has elected
to follow.                                                                      

Item 17                   Item 18   X     
    ------                    ------

Name and address of person authorized to receive notices and communications     
from the Securities and Exchange Commission:                                    

RICHARD C. MORRISSEY
SULLIVAN & CROMWELL 
ST. OLAVE'S HOUSE 
9a IRONMONGER LANE
LONDON EC2V 8EY, UNITED KINGDOM 
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TABLE OF CONTENTS                                                                                
                                                                                                 
                                                                                             PAGE

      EXCHANGE RATES/INTRODUCTION                                                               3
ITEM                                                                                             

  1.  DESCRIPTION OF BUSINESS                                                                   4

  2.  DESCRIPTION OF PROPERTY                                                                  12

  3.  LEGAL PROCEEDINGS                                                                        12

  4.  CONTROL OF REGISTRANT                                                                    12

  5.  NATURE OF TRADING MARKET                                                                 12

  6.  EXCHANGE CONTROLS AND OTHER LIMITATIONS AFFECTING SECURITY HOLDERS                       13

  7.  TAXATION                                                                                 13

  8.  SELECTED CONSOLIDATED FINANCIAL DATA                                                     15

  9.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS    19

 9A.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS                              19

 10.  DIRECTORS AND OFFICERS OF REGISTRANT                                                     19

 11.  COMPENSATION OF DIRECTORS AND OFFICERS                                                   19

 12.  OPTIONS TO PURCHASE SECURITIES FROM REGISTRANT OR SUBSIDIARIES                           20

 13.  INTEREST OF MANAGEMENT IN CERTAIN TRANSACTIONS                                           21

 14.  DESCRIPTION OF SECURITIES TO BE REGISTERED                                               21

 15.  DEFAULTS UPON SENIOR SECURITIES                                                          21

 16.  CHANGES IN SECURITIES AND CHANGES IN SECURITY FOR REGISTERED SECURITIES                  21

 18.  FINANCIAL STATEMENTS                                                                     21

 19.  FINANCIAL STATEMENTS AND EXHIBITS                                                        21

EXCHANGE RATES                                                                  
             In this report amounts are expressed in  euros ("euros" or "EUR")
or in US dollars ("dollars", "US $" or "$").        

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             Beginning in 1999, Philips' consolidated financial statements are
      reported in euros. Previously presented financial statements denominated
     in Dutch guilders have been translated into euros using the irrevocably
    fixed conversion rate applicable since January 1, 1999 for all periods
       presented (EUR 1 = NLG 2.20371). Historically, the consolidated financial
  statements of the Group were prepared using the Dutch guilder as the
 reporting currency. The euro was introduced on January 1, 1999. The
   countries participating in the European single currency are: Austria,
      Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Portugal,
Spain and the Netherlands.                                        

          Management believes that the consolidated financial statements
reported in euros reflect the same trends as previously reported. 
   Expression of these historical amounts in euros does not eliminate or
 alter any translation effect that existed when they were originally
       reported in Dutch guilders. The consolidated financial statements may not
    be comparable with those of other companies that are also reporting in
 euros if other companies restated their financial statements from a
currency other than the Dutch guilder.                            

          Unless otherwise stated, for the convenience of the reader the
   translations of euros into dollars appearing in this report have been
made at the balance sheet rate on December 31, 1999 (US $ 1 = EUR 
      0.9914). This rate is not materially different from the Noon Buying Rate
     in New York City for cable transfers in foreign currencies as testified
     for customs purposes by the Federal Reserve Bank of New York (the "Noon
Buying Rate") on such date (US $ 1 = EUR 0.9930).                 

     The following table sets forth, for the periods and dates
indicated, certain information concerning the exchange rate for US
       dollars into euros based on the Noon Buying Rate. The years prior to 1999
   have been converted into euros using the irrevocably fixed conversion
   rate which became effective on January 1, 1999 (EUR 1 = NLG 2.20371):

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Calendar period                      Period End                Average  (1)               High               Low
----------------------------------------------------------------------------------------------------------------
                                                             (EUR per US $ 1)                                   
                              ----------------------------------------------------------------------------------
                                                                                                                
1995                                    0.7272                 0.7290                  0.7930            0.6925 
1996                                    0.7837                 0.7634                  0.7968            0.7295 
1997                                    0.9202                 0.8887                  0.9610            0.7850 
1998                                    0.8517                 0.8996                  0.9479            0.8232 
1999                                    0.9930                 0.9455                  0.9984            0.8466 
2000 (through Feb. 25)                  1.0243                 1.0246                  1.0276            0.9676 

(1)   The average of the Noon Buying Rates on the last day of each
month during the period.                              

See also Item 8: "Selected Consolidated Financial Data".          

       Philips publishes its financial statements in euros while a
      substantial portion of its assets, earnings and sales are denominated in
       other currencies. Philips conducts its business in more than 50 different
currencies.                                                       

INTRODUCTION                                                      

          In order to utilize the "Safe Harbor" provisions of the United
 States Private Securities Litigation Reform Act of 1995, Philips is
  providing the following cautionary statement. This document contains
certain forward-looking statements with respect to the financial  
     condition, results of operations and business of Philips and certain of
 the plans and objectives of Philips with respect to these items. In
particular, among other statements, certain statements in Item 1  
    "Description of Business" with regard to management objectives, market
trends, market standing, product volumes and business risks, the  
statements in Item 3 "Legal Proceedings", the statements in Item 9
      "Management's Discussion and Analysis of Financial Condition and Results
     of Operations" with regard to trends in results of operations, margins,
overall market trends, risk management, exchange rates and Item 9A
"Quantitative and Qualitative Disclosures about Market Risks" are 
    forward-looking in nature. By their nature, forward-looking statements
      involve risk and uncertainty because they relate to events and depend on
circumstances that will occur in the future. There are a number of
factors that could cause actual results and developments to differ
 materially from those expressed or implied by these forward-looking
  statements. These factors include, but are not limited to, levels of
    consumer and business spending in major economies, changes in consumer
tastes and preferences, the levels of marketing and promotional   
     expenditures by Philips and its competitors, raw materials and employee
  costs, changes in future exchange and interest rates, changes in tax
       rates and future business combinations, acquisitions or dispositions, and
     the rate of technical changes. Market share estimates contained in this
report are based on outside sources such as specialized research  
institutes, industry and dealer panels, etc. in combination with  
management estimates.                                             

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  Specific portions of Philips' Annual Report 1999 to Shareholders are
incorporated by reference in this report on Form 20-F to the extent noted       
herein. Philips' Annual Report for 1999 comprises 2 separate booklets entitled  
"Management Report" and "Financial Statements".                                 

ITEM 1 DESCRIPTION OF BUSINESS                                                  

THE STRUCTURE OF THE PHILIPS GROUP                                              

       The following information is important for understanding the structure of
the Philips group ("Philips" or the "Group").                                   

   Koninklijke Philips Electronics N.V. (the "Company" or "Royal Philips
Electronics") is the parent company of Philips. Its shares are listed on the    
Amsterdam Exchanges, the New York Stock Exchange, the London Stock              
Exchange and several other stock exchanges. The management of the Company is    
entrusted to the Board of Management under the supervision of the Supervisory   
Board. The Group Management Committee, consisting of the members of the Board of
Management, certain Chairmen of product divisions and certain key officers, is  
the highest consultative body within Philips to ensure that business issues and 
practices are shared across Philips and to define and implement common policies.
Members of the Board of Management and the Supervisory Board are appointed by   
the Annual General Meeting of Shareholders on the recommendation of the         
Supervisory Board and the Meeting of Priority Shareholders. See Item 4: "Control
of Registrant". The other members of the Group Management Committee are         
appointed by the Supervisory Board. The general management of Philips' worldwide
operations is centered in Amsterdam and Eindhoven, the Netherlands. The         
activities of Philips are organized in product divisions which are responsible  
for the worldwide business policy. Philips has more than 200 production sites in
over 25 countries and sales and service outlets in some 150 countries. Products,
systems and services are delivered in the fields of lighting, consumer          
electronics and communications, domestic appliances and personal care,          
components, semiconductors, medical systems, business electronics and           
information technology. In the course of 1999 the Board of Management decided to
regroup all activities of the Business Electronics division. Upon completion of 
the regrouping, this division ceased to be an organizational entity effective   
January 1, 2000. The responsibilities for the various businesses have been      
reallocated to other divisions. However, the financial reporting on Business    
Electronics in the product sector reporting remained unchanged until this date. 
The changes from January 1, 2000 onwards are described in the applicable section
of the "Product Sectors and Principal Products" under Item 1.                   

BUSINESS OF PHILIPS                                                             

     Since it started its activities in 1891, Philips has grown from a small
incandescent lamp factory to a widely diversified multinational group of        
companies, engaged primarily in the manufacture and distribution of electronic  
and electrical products, systems and equipment, as well as information          
technology services.                                                            

 Philips has made significant progress in reviewing its portfolio of
businesses, which started in 1996. The portfolio has been cleaned up during     
1997, 1998 and 1999. The number of businesses has been reduced by approximately 
40, while the number of divisions has been reduced from 12 to 7, bringing more  
transparency, accountability and focus. At present, rather than acquiring       
businesses in new areas, Philips is focusing on strengthening its existing core 
businesses, through selected acquisitions, and through disposal of businesses   
that are underperforming and not essential from a strategic viewpoint. A few    
examples are the sale of Philips' 75% equity interest in PolyGram N.V., the     
disposition of Philips' conventional (non-ceramic) Passive Components business  
group, the sale of Philips Car Systems, the termination of Philips' involvement 
in the German consumer electronics company Grundig AG, the termination of       
Philips' media portfolio, the divestiture of the data communication activities  
and various miscellaneous activities. (For a further description see "Product   
Sectors and Principal Products".)                                               

       In the course of 1996, Philips undertook a major review of its governance
model (i.e. the organizational systems, procedures and structure by which the   
Group is managed). This review started at the corporate headquarters where the  
corporate staff has been refocused on a limited number of corporate functions   
and core processes, whereas the corporate services have been refocused on a few 
shared activities. As part of the new governance model, a new set of performance
processes, such as a strictly applied budgeting system and monthly performance  
review, were developed. In the course of 1997, the new governance model was     
introduced at the level of businesses, product divisions, regions and countries.
The key part of this model was to decentralize decision-making and to streamline
corporate departments.                                                          

     In addition to streamlining its portfolio of businesses and management,
Philips engaged in a comprehensive review of its strategy and portfolio,        
involving the field of high-volume electronics - televisions, audio systems,    
telephones and PC-related equipment. Philips has decided to focus on high-volume
electronics because the businesses in this field are strongly interrelated      
through brand, technologies, manufacturing and sales channels and already       
generate more than one third of Philips' total sales. That is why, as of January
1, 1998, Philips grouped together the relevant operations of Sound & Vision,    
Philips Consumer Communications and Business Electronics into a single Consumer 
Electronics organization, and created a new Business Electronics division to    
coordinate business and professional applications. Given that the technologies  
of TV, audio, telecommunications and computing are increasingly converging,     
these combinations are appropriate.                                             

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It is expected that they will capitalize on the strength of the Philips brand   
and make new business generation easier, market intelligence more coordinated   
and time-to-market shorter. In addition, the Business Electronics division has  
been discontinued as an organizational entity as per January 1, 2000. To reflect
the trend that many of the Business Electronics businesses are becoming more    
consumer oriented, the major part has been transferred to Consumer Electronics. 

      Besides high-volume electronics, there are other very important building
blocks that make up the Group. The Semiconductors and Components divisions play 
a crucial role, both as internal suppliers and through their leading positions  
in the external market. The capital expenditures required in this field place   
considerable demands on management in terms of ensuring adequate returns by     
means of flexible and cost-effective operations.                                

     The other building blocks include the Lighting division, a world leader
with relatively consistent returns and cash flow in which Philips will continue 
to invest, Medical Systems and Domestic Appliances and Personal Care. The       
Company wants to extend Medical Systems' business scope with new diagnostic     
modalities and clinical solutions and services. In the case of Domestic         
Appliances and Personal Care, Philips wishes to see this division grow in the   
personal care field by offering new functionalities and an enhanced emotional   
appeal to the consumer.                                                         

     In the area of information technology services, Philips is evaluating a
number of strategic options for Origin, including the merits of obtaining a     
primary listing. Having successfully restructured its operations, Origin may    
require greater freedom and flexibility to realize its full potential for       
profitable growth in the e-commerce environment while unlocking its value for   
the Philips shareholder.                                                        

       Aggressive and able competition is encountered worldwide in virtually all
of Philips' business activities. Competitors range from some of the world's     
largest companies offering a full range of products to small firms specializing 
in certain segments of the market. In many instances, the competitive climate is
characterized by rapidly changing technology that requires continuing research  
and development commitments and by capital-intensive needs to meet customer     
requirements. Also, the competitive landscape is changing as a result of        
increased alliances between competitors.                                        

PRODUCT SECTORS AND PRINCIPAL PRODUCTS                                  

      In 1998, Philips changed its product sector reporting to comply with the
new requirements of Statement of Financial Accounting Standard No. 131, issued  
by the Financial Accounting Standards Board of the United States. As a          
consequence, the related activities are grouped together into seven product     
sectors based on similar markets and the use of similar technologies. The       
product sectors are as follows: Lighting, Consumer Products, Components,        
Semiconductors, Professional, Origin and Miscellaneous. In the course of 1999,  
the Board of Management decided to regroup all the activities of the Business   
Electronics division, part of the Professional sector. Upon completion, this    
division ceased to be an organizational entity, effective January 1, 2000 and   
its activities have been regrouped to the Consumer Electronics and Miscellaneous
divisions. However, the financial reporting on Business Electronics in the      
product sector reporting remained unchanged until this date.                    

    For a description of the changes, and data related to aggregate sales,
segment revenues and income from operations, see Note 29: "Information relating 
to product sectors and geographic areas" on pages 55 through 63 of the 1999     
Annual Report -Financial Statements- incorporated herein by reference. For a    
discussion of revenues and income from operations of the product sectors, see   
Item 9: "Management's Discussion and Analysis of Financial Condition and Results
of Operations". For a discussion of recent acquisitions and alliances, see also 
"Cooperative Business Activities and Unconsolidated Companies" under Item 1.    

LIGHTING                                                                

   Philips has been engaged in the lighting business since 1891 and is a
leader in the world market for lighting products with recognized expertise in   
the development and manufacture of lighting products. A wide variety of         
applications is served by a full range of incandescent and halogen lamps,       
compact and standard fluorescent lamps, automotive lamps, high-intensity        
gas-discharge and special lamps, QL induction lamps, fixtures, ballasts,        
lighting electronics and batteries. Lighting products are manufactured in       
facilities worldwide.                                                           

      Philips' worldwide presence in the lighting market has given it a strong
international position in lighting projects, both in design and full-scale      
turn-key project installation. These activities require sophisticated expertise 
and help Philips to maintain its leading position in the professional lighting  
market.                                                                         

      Philips Lighting's policy of leadership in innovation continues to bring
rewards in the marketplace. Philips is the market leader in Xenon headlamps,    
which were introduced in 1997 and are achieving increasing penetration in the   
upper end of the market. Providing superb illumination of the road, these lamps 
dramatically improve road safety and driver comfort.                            

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   With Mercedes Benz, Philips is also developing a new high-performance
signaling system that will last the car's entire lifetime, cut fuel consumption 
and enhance styling.                                                            

       Philips' position as a supplier of headlights to the car industry is very
strong in Japan, where Philips is the market leader, and Philips is rapidly     
establishing a full global presence in this field. Another innovation is the UHP
(Ultra High Power) lamp which is applied in LCD projectors of leading companies 
for applications such as business presentations and large-screen consumer TVs.  
UHP will also increase the application possibilities of fiber-optic lighting.   
Philips Lighting's PowerLife battery gives more power and longer life than      
conventional alkaline batteries. Advanced graphite technology is the key to     
PowerLife's success in answering consumer demand for batteries which perform    
better in "high-drain" products.                                                

Philips Lighting is concentrating on developments in the design of
electronic lighting products, which play an increasingly important role in      
allowing better integration of fixture, ballast and lamp. The use of electronics
permits the design of lighting products with improved quality and reduced size, 
weight and energy consumption. Major benefits for the end-user include          
flexibility and comfort. Philips Lighting is the market leader in               
light-regulating control gear for fluorescent lamps.                            

    In response to the greater demand for more efficient light sources and
lighting systems, Philips has emphasized among other things the development of  
more energy-efficient lighting products and projects. In addition to the TL5    
system, these include a range of electronic compact fluorescent lamps, Lighting 
Management Systems, as well as QL induction lamps, which are increasingly being 
used in general lighting applications.                                          

   Philips Lighting is also aware of the problem of hazardous waste. The
small-diameter TL5 fluorescent lamp combines energy efficiency with a low       
mercury content. Philips' low-mercury ALTO(TM) technology - the first to comply 
with the relevant US environmental protection legislation - has met with        
considerable success.                                                           

In Europe, the TLD Super 80 Generation fluorescent lamps are now  
recyclable, minimizing end-of-life disposal problems and the impact on the      
environment, while the outstanding performance of the series is not appreciably 
affected. This technology enables virtually complete recycling of the lamp      
materials.                                                                      

 Six of the ten stadiums staging the 1998 World Cup soccer finals in
France were lit by Philips' highly versatile ArenaVision systems - demonstrating
once more the Company's global leadership in sports floodlighting. ArenaVision  
is specially designed for today's more dramatic, theatrical approach to sports  
events. While offering optimal low-glare conditions for players, it provides    
both spectators and TV audiences with more realistic action by creating accents 
and preserving natural colors.                                                  

   Philips' specially designed Halogena (TM) light bulb welcomed the new
millennium, lighting up the world-famous New Year's Eve in Times Square, New    
York.                                                                           

  In recent years Philips Lighting has completed a number of strategic
acquisitions and joint ventures, seeking to strengthen its presence in the      
historically faster-growing areas of the world, such as the Asia-Pacific region 
and Eastern Europe. Acquisitions include the Farel Mazury luminaire operation   
(1996) and Polam Pabianice (1997) in Poland. In November 1999 two new           
acquisitions were added: Construlita de Queretaro in Mexico and ECS Lighting    
Controls Ltd in the UK. Market leadership in LEDs (light-emitting diodes) has   
been strengthened by the expansion of LumiLeds Lighting, the 50-50 joint venture
established in 1997 with Agilent Technologies -a spin-off from Hewlett-Packard- 
which now employs 1,000 persons. The venture will develop, manufacture and      
market LEDs, modules, products and systems worldwide for an increasingly broad  
range of applications.                                                          

In 1997, the new organization of Philips Lighting worldwide became
effective. This consists of five integrally responsible businesses: Lamps,      
Luminaires, Automotive, Lighting Electronics & Gear, and Batteries. Each of     
these is given complete control over all its processes. Philips Lighting        
continues to give top priority to cycle-time reduction. In 1998, Philips        
Lighting started to give new impetus to quality improvement activities through  
the BEST approach (Business Excellence through Speed and Teamwork). This program
has been implemented Philips-wide during 1999. Philips is placing strong        
emphasis on value creation through profitable growth in emerging markets such as
Central and Eastern Europe and Asia Pacific, while further improving its        
position in mature markets. Philips sees continued growth potential in this     
division, with special opportunities in areas such as energy-saving lighting and
technologically advanced lighting applications.                                 

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CONSUMER PRODUCTS                                                     

   This sector comprises the divisions Consumer Electronics and Domestic
Appliances and Personal Care.                                                   

The Consumer Electronics division encompasses all Philips-branded 
products in the fields of television, video equipment, audio, PC peripherals,   
and communications. Besides Philips-branded products, Consumer Electronics is   
also an important Original Equipment Manufacturer (OEM) supplier, particularly  
of monitors and VCRs. The division retained its No. 3 position in the global    
market for audio and video products in 1999 and its No. 2 position in Europe.   
Philips has a leading role in the development of flatscreen and widescreen      
television sets featuring the 16:9 format. Philips is increasingly focusing on  
new digital consumer applications and products which exploit the convergence of 
audio and video technologies with telecommunications and information technology.
The Consumer Electronics division is a pioneer in, for instance, Digital TV, a  
medium that brings a new dimension to home entertainment, offering a wider      
choice of channels, true widescreen pictures, optimum sound quality and         
interactive services. The division has launched Digital TV in the UK and        
introduced a widescreen rear-projection HDTV set in the US. Not included in this
reporting are the activities belonging to digital networks, which encompasses   
most of the businesses which were transferred from Business Electronics as of   
January 1, 2000.                                                                

  Philips markets audio systems, portable audio products, speakers and
accessories under the Philips name, as well as high-end audio products and      
systems under the Marantz brand. Philips was instrumental in the revolution     
unleashed by CD Audio, which now has an installed base of some 700 million units
worldwide, and continues to play a leading role in the development of related   
standards such as DVD, CD Recordable and CD ReWritable.                         

      In Europe, Philips and Warner Home Video have launched a joint marketing
effort focusing on DVD-Video as the ultimate medium for a cinema-style viewing  
and listening experience in the home. A full-length feature movie fits onto a   
single DVD-Video disc. Philips' latest CD Recorders allow the user hear his     
choice of music as he really wants it. With the Philips dual-deck CDRecorder,   
the user can make his own personal CDs without the need for a second CD player. 

       In the field of PC Peripherals, Philips is the world's No. 2 and Europe's
No. 1 supplier of computer monitors (in volume terms). Philips makes a full     
range of Cathode Ray Tubes (CRT) monitors, as well as LCD-based flat-screen     
models. Philips is a leading supplier of observation systems e.g. for hospitals,
security cameras and PC video cameras, which are instrumental in the fast       
growing market for video mail. They also market products for optical storage and
sound reproduction, Universal Serial Bus (USB) peripherals and LCD projectors.  
Over the next few years, emphasis will be increased on wireless                 
interconnectivity.                                                              

 Philips develops, manufactures and markets a wide range of consumer
communications products, including digital and analogue cellular phones, corded 
phones, faxes and answering machines. In volume terms, Philips is one of        
Europe's leading providers of corded and cordless phones and answering machines.
For the future, the main focus of cellular wireless products is on GSM          
technology, which currently represents the major part of the global cellular    
market. Meanwhile, development continues on third-generation digital mobile     
phone technology, involving the deployment of wideband wireless networks which  
will provide consumers with voice, data and multimedia services on their phones.

      On October 1, 1997, Philips (60%) and Lucent Technologies (40%) formed a
joint venture for mobile communications comprising the Philips Consumer         
Communications business and the Lucent Consumer Products division. Despite      
ambitious plans for break-even results in the second half of 1998, PCC continued
to incur substantial losses and consequently the joint venture was dissolved on 
September 27, 1998. Each party retained the business previously contributed to  
the joint venture. Ambitions for the remaining activities have been scaled back 
and the product offering streamlined, resulting in substantial reduction of     
losses.                                                                         

      The Domestic Appliances and Personal Care division includes home comfort
and kitchen appliances, shavers and other personal care products. Philips       
produces the Philishave, a dry shaver which is based on the Philips-invented    
rotary shaving technique. The division is the world market leader in dry shaving
with leading positions in Europe, Latin America and the United States. Other    
personal care products include female depilatory products, skin care, dental    
care, hair care, vital body signs and sun care products.                        

   Philips provides products for all stages of food preparation, such as
mixers, blenders, food processors, kettles, toasters, coffee makers, deep       
fryers, grills and table-top cooking. Philips manufactures and markets vacuum   
cleaners, irons, air cleaners and heating appliances. The division holds the    
world No. 2 position in ironing. Domestic appliances and personal care products 
are sold under the Philips brand and other brand names.                         

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    Philips has long been successful on the US market under the brand name
Norelco and will continue to use this brand name for male shaving and grooming  
products. To further boost growth, Philips introduced the Philips brand name    
there in 1998, with initially the focus on body beauty and health. Philips has  
also started re-launching products formerly sold under the Norelco brand name as
Philips products.                                                               

COMPONENTS                                                            

    Philips Components is a leading supplier of display, storage and other
important sub-systems that help define the digital and electronic products that 
are changing and shaping our world today.                                       

    It has major production facilities in Europe, the United States, Latin
America and the Asia Pacific region. Based on world-class technology and        
customer knowledge, Philips Components provides a competitive advantage for OEMs
in the consumer electronics, electronic data-processing, telecommunications and 
automotive industries. Philips Components has initiated a strategic refocus on  
innovative products for these markets, exploiting the synergies available within
Philips and, where necessary, entering into alliances to access the required    
competencies. In 1998, this led to an agreement on the divestiture of the       
Non-Ceramic Passive Components business, which was completed in January 1999.   

    Philips is the world's leading manufacturer of color picture tubes for
televisions and monitors. In 1997 a majority shareholding was established in Hua
Fei Colour Display Systems Co. Ltd. in Hua Fei, China, and accordingly, the     
financial statements of this joint venture are consolidated since January 1,    
1997. On April 1, 1998, Philips increased its ownership in Hosiden and Philips  
Display Corp., a joint venture in Japan for the development, production and sale
of active matrix LCDs, from 50% to 80%. As from the same date, Hosiden and      
Philips Display Corp. (HAPD) is reported as a consolidated company. In addition 
to the joint venture between Hosiden and Philips Display in Japan, a joint      
venture was created in July 1999 between Philips and LG Electronics of South    
Korea, under the name LG.Philips LCD. This makes Philips the world's largest    
manufacturer of flat-panel displays for notebook computers, desktop monitors and
digital TVs - a market that is expected to grow rapidly. In November 1999, the  
joint venture LG.Philips LCD introduced the world's first 22-inch flat panel    
display. Referred to as Thin Film Transistor LCD (TFT-LCD), or Active Matrix LCD
(AMLCD), it is used in applications such as desktop-publishing monitors and     
digital TV. In small display systems, Philips is the world's leading maker of   
passive LCDs for cellular telephones and handheld devices. In addition, a wide  
range of Active Matrix LCDs is offered for automotive applications, cockpit     
navigation and electronic games.                                                

       Philips is a leading manufacturer of CD-ReWritable drives and supplier of
choice to many of the world's top ten PC manufacturers. Philips is also a       
leading producer of modules for CD-ReWritable and Video CD.                     

SEMICONDUCTORS                                                        

       Philips Semiconductors, currently No. 9 in the provisional 1999 Dataquest
ranking of global semiconductor manufacturers, is a major supplier and partner  
of manufacturers in the consumer electronics, telecommunications, automotive, PC
and PC peripherals industries. Its integrated circuits and discrete             
semiconductors help to make their products better, smaller, cheaper, more energy
efficient and therefore 'greener'.                                              

In June 1999, Philips acquired the semiconductor manufacturer VLSI
Technology Inc., based in San Jose, California, and employing 2,200 persons     
worldwide. VLSI and Philips Semiconductors have complementary portfolios and    
operations. The combination of VLSI's digital expertise and capabilities in     
wireless communications, computer networking and ASICs (application-specific    
integrated circuits) with Philips' strengths are expected to create many new    
opportunities for growth.                                                       

In support of the strategy of Philips Semiconductors to remain a  
top-flight process technology player, strategic alliances are being strengthened
and substantial investments are being made in technology, especially in         
Complementary Metal Oxide Semiconductor (CMOS). Leadership in cost/performance  
will be maintained and increased by continuing to supply advanced technologies  
at affordable prices, also in an era of platform-based silicon solutions.       

      Major production facilities are located in Europe, the United States and
Asia. Philips, Taiwan Semiconductor Manufacturing Company (TSMC) and the        
Economic Development Board of Singapore (EDB Investments) are together investing
US $ 1.2 billion in a new chip factory in Singapore. This will enable the       
Company to benefit from the forecast growth in demand for logic chips for       
consumer electronics and communications applications toward the end of 2000. The
factory will produce the latest type of chip, with interconnects as thin as 0.25
micron (1/400th of the thickness of a human hair).                              

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PROFESSIONAL                                                          

This sector comprises two divisions: Medical Systems and Business 
Electronics (the latter until Jan. 1, 2000).                                    

  Philips Medical Systems ranks among the top three diagnostic imaging
companies in the world. The division offers healthcare providers a full range of
imaging modalities and services in the areas of X-ray, computed tomography,     
magnetic resonance and ultrasound systems. Its IT systems enable imaging        
departments to become completely digital, with improved access to images and    
seamless integration with hospital-wide IT networks. Services include management
consultancy, training and technical services to help hospitals operate more     
efficiently and cost-effectively.                                               

       Philips has technology agreements with Analogic Corporation of the United
States and Hitachi Medical Corporation of Japan for the development, production 
and sale of medical equipment.                                                  

Philips Medical Systems, already the world leader in X-ray imaging
systems, has significantly strengthened its position in the field of diagnostic 
imaging with the acquisition of ATL Ultrasound as of October 1, 1998. This      
company is one of the leaders in ultrasound imaging systems - one of the fastest
growing sectors of the market - and a clear leader in all-digital ultrasound    
systems. The quality of its products and their performance is widely recognized,
and its leading ultrasound product has been selected by NASA for use in the     
international space station scheduled to become operational in 2001. Demand for 
diagnostic imaging products and services is expected to continue to grow as new 
markets emerge and advances are made in functionality, e.g. through the further 
integration of IT solutions. The synergy between Philips and ATL has already    
begun to bear fruit. Philips has expanded direct sales of ATL's products in 13  
countries and the Philips and ATL sales teams are working closely together in   
the USA and elsewhere, the outcome being additional growth of ATL sales.        

   Philips is the leading innovator in cardiovascular imaging. More than
half of all cardiovascular x-ray procedures in the world are performed with     
Philips' equipment and the Integris system has become the system of choice of   
leading medical institutions.                                                   

   The Business Electronics division focuses on the business-to-business
sector. Main product areas are digital videocommunications systems, broadband   
network equipment, business communication systems, communication and security   
systems, and fax equipment. The division is a major supplier of electronic      
manufacturing equipment to the semiconductor industry. It also deals with       
infrastructural and industrial projects. Effective January 1, 2000, Business    
Electronics has for the most part been integrated into the Consumer Electronics 
division. The largest business group is videocommunication systems, where       
Philips is a leading supplier of digital set-top boxes. Certain smaller units of
Business Electronics are being integrated into the Miscellaneous sector.        

ORIGIN                                                                

  Origin (in which Philips holds a 98% majority interest) is a global,
full-service information technology services company. Today, more than 16,000   
Origin professionals work in 30 countries, successfully delivering information  
technology services to multinational corporations, including 100 of the Fortune 
500 companies. Origin offers value-added services in the areas of consulting,   
enterprise solutions, application and infrastructure management, together with  
systems development, implementation, integration and management. This core set  
of services is complemented by the e-service offerings focused on helping       
customers extend their supply chain activities between their customers, vendors 
and employees.                                                                  

      With a global team of more than 5,000 professionals Origin is engaged in
services supporting the implementation, operations and maintenance of complex   
distributed enterprise applications. Origin is acknowledged as one of only a    
handful of suppliers who can deliver these critical services. Beyond its own    
internal resources, Origin has established partnerships with other industry     
leaders that enable it to deliver the full range of information technology      
services that business needs today.                                             

MISCELLANEOUS                                                         

      This sector comprises various activities and businesses, including other
businesses not belonging to a product division, as well as Philips Research,    
Corporate Intellectual Property, Philips Centre for Industrial Technology,      
Philips Machinefabrieken and Philips Design. Philips Plastics and Metalware     
Factories' (PMF's) printed circuit board and metal display components activities
have been divested.                                                             

       Philips Machinefabrieken, which includes the remaining activities of PMF,
manufactures customer-specific machinery, tools and precision components for    
high-quality professional equipment.                                            

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RESEARCH AND DEVELOPMENT                                                        

  Continuous efforts to sustain the strong performance in the field of
research and development activities are of the utmost importance to Philips in  
order to preserve and strengthen the Company's competitiveness in its various   
markets. Through substantial investments in R&D, Philips has created a large    
knowledge base. Each year, new technological breakthroughs are added to Philips'
long list of research successes.                                                

   Philips continuously adapts its research and development strategy. To
provide a direct response to the needs of the market, Philips has in recent     
years adopted a more product-oriented approach to research and development, with
expenditures directed at projects with more apparent short-term commercial      
prospects. In addition, projects with a mid-term range are agreed upon with the 
product divisions to secure an innovative product offering a few years from now.
With a view to the longer term, Philips will seek to establish more research    
alliances with the academic world. This change in strategy for research and     
development activities is designed to enhance the effectiveness of expenditures 
in this area.                                                                   

       In recent years, Philips has placed greater emphasis on research projects
that are relevant to the entire group, while the main responsibility for the    
development of products and production methods in Philips currently lies with   
the product divisions, which have at their disposal development laboratories and
implementation departments in 25 countries throughout the world. Approximately  
20,500 employees are engaged in advanced development, product development and in
the development of production methods and equipment. In addition, approximately 
3,000 employees work in Philips' corporate research laboratories. Exploratory   
research and research leading to the conception of new products and technologies
is carried out in four corporate laboratories in Europe, one in the United      
States and one in Taiwan.                                                       

   Product development laboratories and the manufacturing operations are
supported by the Center for Industrial Technology. This organization has its    
headquarters in Eindhoven and regional support centers in Asia Pacific and in   
the United States. In the United States, this center also provides pilot line   
facilities for advanced products. As a highly professional organization of over 
900 employees, the Center for Industrial Technology is specialized in the       
innovation and improvement of production processes, and the Product Creation    
Process and has the capability to develop specialized advanced production       
equipment. The Center also gives corporate level support in the field of        
standardization issues.                                                         

  The achievements of Philips' laboratories in the fields of lighting,
consumer electronics, optics, magnetics, mechanics and information technology   
have been of global significance. Achievements in research and/or development by
Philips alone or, in certain circumstances, in cooperation with others, include 
flat-panel displays, lighting electronics, speech recognition and dialogue      
systems, optical and magnetic recording (DVD and DigaMax), low-power electronics
(new batteries and asynchronous IC design), IC technology and other. Recent     
contributions applied in consumer products include various concepts for the     
Nexperia Digital Video Platform introduced at the 1999 Internationale           
Funkausstellung (IFA). For Philips' Flat TV, Research has also applied its      
video-processing know-how to enhance the picture quality of plasma panels. This 
supports Flat TV's leadership in this field, as demonstrated by its reception at
the IFA, where it won the EISA award for the second time. Another recent example
of a contribution to the product divisions, is the rotational angio software    
package which has been added to Medical Systems's Integris product, allowing the
3-D reconstruction and display of vessels.                                      

Philips participates in various European research and development 
projects such as the projects for submicron IC technology (MEDEA), information  
technology and telecommunications (ACTS). In the United States, Philips has     
played a role in the "Grand Alliance" developing a fully digital high-definition
television system for terrestrial broadcasting. The standard has now been       
adopted by the Federal Communications Commission, and broadcast service was     
launched in 1998. In 1999 Philips introduced its first fully digital television 
receiver, taking advantage of this.                                             

Philips has a strong Intellectual Property Right (IPR) position   
consisting of approximately 60,000 registered patent rights, 21,000 registered  
trademarks, 6,000 design rights and a substantial number of license agreements. 
In 1999, Philips filed over 1,400 new patent applications and more than 1,200   
worldwide patent families based upon the new patent filings of 1998. Although   
many of Philips' patents and licenses are significant, none is individually     
material to Philips' business as a whole. Patent protection is extremely        
important to Philips' operations. It spends significant resources to protect its
intellectual property rights and intellectual property licenses.                

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COOPERATIVE BUSINESS ACTIVITIES AND UNCONSOLIDATED COMPANIES                    

The information set forth under the heading "Cooperative business 
activities and unconsolidated companies" on pages 61 and 62 of the 1999 Annual  
Report -Management Report- of the Company, is incorporated herein by reference. 

EMPLOYMENT                                                                      

      The information set forth under the heading "Employment" on pages 48 and
49 of the 1999 Annual Report -Management Report- of the Company, is incorporated
herein by reference.                                                            

MILLENNIUM                                                                      

   For a more detailed discussion of this issue, see page 69 of the 1999
Annual Report -Management Report- incorporated herein by reference.             

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ITEM 2 DESCRIPTION OF PROPERTY                                                  

     Philips' manufacturing facilities, warehouses and office facilities are
located in the Netherlands, the rest of Europe, the Far East and the United     
States and Canada. These plants are generally in good condition and adequate for
the manufacturing requirements of Philips. The geographic allocation of assets  
employed as shown in Note 29: "Information relating to product sectors and      
geographic areas" on pages 55 through 63 of the 1999 Annual Report -Financial   
Statements- and incorporated herein by reference, is generally indicative of the
location of manufacturing facilities.                                           

ITEM 3 LEGAL PROCEEDINGS                                                        

  Philips is involved in proceedings concerning environmental problems
including proceedings relating to the closure of discontinued chemical          
operations and the clean-up of various sites, including Superfund sites, in the 
United States. The potential costs related to these proceedings and the possible
impact thereof on future operations are uncertain. However, based on current    
information, management does not believe, that the outcome of these matters or  
other litigation incidental to its extensive international operations and       
involving, among other matters, competition issues and commercial transactions, 
will result in a liability which would have a material adverse effect on the    
consolidated financial position and results of operations of Philips at December
31, 1999.                                                                       

ITEM 4 CONTROL OF REGISTRANT                                                    

       The information required by this Item is incorporated by reference herein
on pages 71 through 77 of the 1999 Annual Report -Financial Statements.         

  As of February 25, 2000, no person is known to the Company to be the
owner of more than 10% of its Common Shares.                                    

ITEM 5 NATURE OF TRADING MARKET                                                 

The Common Shares of the Company are listed on the Amsterdam Stock
Exchange, on six other European stock exchanges and on the New York Stock       
Exchange. The principal markets for the Common Shares are the Amsterdam, New    
York and London Stock Exchanges.                                                

   The following table shows the high and low sales prices of the Common
Shares on the Amsterdam Stock Exchange as reported in the Official Price List of
the Amsterdam Stock Exchange (1998 converted into euros using the irrevocably   
fixed conversion rate which became effective on January 1, 1999: EUR 1 = NLG    
2.20371) and the high and low sales prices on the New York Stock Exchange:      

                                                        [Enlarge/Download Table]


                                                              AMSTERDAM                              NEW YORK   
                                                    STOCK EXCHANGE (EUR)                 STOCK EXCHANGE (US $)  
                                        ------------------------------------------------------------------------
                                                High                 Low             High                  Low  
----------------------------------------------------------------------------------------------------------------

                                                                                                                
1998                    1st quarter            73.74               51.05         78 1/4             54   7/16   
                        2nd quarter            92.71               67.39        102 7/8             71          
                        3rd quarter            87.58               36.12         94 13/16           42          
                        4th quarter            61.62               36.85         71 5/16            44   5/8    

1999                    1st quarter            76.50               56.55         83 5/8             65   1/2    
                        2nd quarter            97.10               71.80        100 7/8             78   1/16   
                        3rd quarter           109.75               86.00        110 3/4             91   13/16  
                        4th quarter           135.00               85.10        136 1/2             91   3/4    

                        1st quarter                                                                             
2000              (through Feb. 25)           201.00              121.55        195 1/2            128          


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The Common Shares are held by shareholders worldwide in bearer and
registered form. Outside the United States, shares are held primarily in bearer 
form. As of February 25, 2000, approximately 81% of the Common Shares were held 
in bearer form. In the United States shares are held primarily in the form of   
registered Shares of New York Registry (Shares of New York Registry) for which  
Citibank, N.A., 111 Wall Street, New York, New York 10043 is the transfer agent 
and registrar. As of February 25, 2000, approximately 19% of the total number of
outstanding Common Shares were represented by Shares of New York Registry issued
in the name of approximately 1,200 holders of record. Only bearer shares are    
traded on the Amsterdam Stock Exchange and other European stock exchanges. Only 
Shares of New York Registry are traded on the New York Stock Exchange. Bearer   
shares and registered shares may be exchanged for each other. Since certain     
shares are held by brokers and other nominees, these numbers may not be         
representative of the actual number of United States beneficial holders or the  
number of Shares of New York Registry beneficially held by US residents.        

ITEM 6 EXCHANGE CONTROLS AND OTHER LIMITATIONS AFFECTING SECURITY HOLDERS       

There are currently no limitations, either under the laws of the  
Netherlands or in the Articles of Association of the Company, to the rights of  
non-residents to hold or vote Common Shares of the Company. Cash dividends      
payable in Dutch guilders on Netherlands registered shares and bearer shares may
be officially transferred from the Netherlands and converted into any other     
currency without Dutch legal restrictions, except that for statistical purposes 
such payments and transactions must be reported to the Dutch Central Bank, and  
furthermore, no payments, including dividend payments, may be made to           
jurisdictions subject to sanctions, adopted by the government of the            
Netherlands, implementing resolutions of the Security Council of the United     
Nations. The Articles of Association of the Company provide that cash           
distributions on Shares of New York Registry shall be paid in US dollars,       
converted at the rate of exchange on the Amsterdam Exchanges N.V. ("AEX") at the
close of business on the day fixed and announced for that purpose by the Board  
of Management in accordance with the Company's Articles of Association.         

ITEM 7 TAXATION                                                                 

    The statements below are only a summary of the present Netherlands tax
laws and the Tax Convention of December 18, 1992 between the United States of   
America and the Kingdom of the Netherlands (the US Tax Treaty) and are not to be
read as extending by implication to matters not specifically referred to herein.
As to individual tax consequences, investors in the Common Shares should consult
their own tax advisors.                                                         

WITHHOLDING TAX                                                                 

In general, a dividend distributed by a company resident in the   
Netherlands (such as the Company) is subject to a withholding tax imposed by the
Netherlands at a rate of 25%. Stock dividends paid out of the Company's paid-in 
share premium recognized for Netherlands tax purposes are not subject to the    
above mentioned withholding tax.                                                

    Pursuant to the provisions of the US Tax Treaty, dividends paid by the
Company to a shareholder who is a resident of the United States (as defined in  
the US Tax Treaty), are generally eligible for a reduction in the rate of Dutch 
withholding tax to 15%, unless (i) the beneficial owner of the dividends carries
on business in the Netherlands through a permanent establishment, or performs   
independent personal services in the Netherlands from a fixed base, and the     
Common Shares form part of the business property of such permanent establishment
or pertain to such fixed base, or (ii) the beneficial owner of the dividends is 
not entitled to the benefits of the US Tax Treaty under the "treaty-shopping"   
provisions thereof. Dividends paid to qualifying exempt US pension trusts and   
qualifying exempt US organizations are exempt from Dutch withholding tax under  
the US Tax Treaty. However, for qualifying exempt US organizations no exemption 
at source upon payment of the dividend can be applied for; such exempt US       
organizations should apply for a refund of the 25% withholding tax.             

       The gross amount (including the withheld amount) of dividends distributed
on Common Shares will be dividend income to the U.S. shareholder, not eligible  
for the dividends received deduction generally allowed to corporations. However,
subject to certain conditions and limitations, the Dutch withholding tax will be
treated as a foreign income tax that is eligible for credit against the         
shareholders' US income taxes.                                                  

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CAPITAL GAINS                                                                   

Capital gains upon the sale or exchange of Common Shares by a     
non-resident individual or by a non-resident corporation of the Netherlands are 
exempt from Dutch income tax, corporation tax or withholding tax, unless (i)    
such gains are effectively connected with a permanent establishment in the      
Netherlands of the shareholders' trade or business or (ii) are derived from a   
direct, indirect or deemed substantial participation in the share capital of a  
company (such substantial participation not being a business asset).            

   In general, an individual has a substantial participation if he holds
either directly or indirectly and either independently or jointly with his      
spouse or steady partner, at least 5% of the total issued share capital or      
particular class of shares of a company. For determining a substantial          
participation, other shares held by close relatives are taken into account. The 
same applies to options to buy shares. A deemed substantial participation       
amongst others exists if (part of) a substantial participation has been disposed
of, or is deemed to have been disposed of, on a non-recognition basis. Under the
US Tax Treaty however, the Netherlands may only tax a capital gain derived from 
a substantial participation if the alienator has been a resident of the         
Netherlands at any time during the five-year period preceding the alienation,   
and owned at the time of alienation either alone or together with his relatives,
at least 25% of any class of shares.                                            

NET WEALTH TAX                                                                  

  No net wealth tax is imposed by the Netherlands in respect of Common
Shares owned by non-resident corporations. A non-resident individual shareholder
is not subject to Netherlands net wealth tax unless he has a permanent          
establishment in the Netherlands and the Common Shares are effectively connected
with that permanent establishment.                                              

ESTATE AND GIFT TAXES                                                           

    No estate, inheritance or gift taxes are imposed by the Netherlands on
the transfer of Common Shares if, at the time of the death of the shareholder or
the transfer of the Common Shares (as the case may be), such shareholder or     
transferor is not a resident of the Netherlands, unless such Common Shares are  
attributable to a permanent establishment or permanent representative of the    
shareholder in the Netherlands.                                                 

      Inheritance or gift taxes (as the case may be) are due, however, if such
shareholder or transferor:                                                      

      (a)  has Dutch nationality and has been a resident of the Netherlands at
        any time during the ten years preceding the time of the death or
transfer; or                                            

      (b)  has no Dutch nationality but has been a resident of the Netherlands
           at any time during the twelve months preceding the time of transfer
(for Netherlands gift taxes only).                      

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ITEM 8 SELECTED CONSOLIDATED FINANCIAL DATA                       

I. IN ACCORDANCE WITH DUTCH GAAP *     **     ***                 

Beginning in 1999, Philips' consolidated financial statements are     
reported in euros. Previously presented financial statements denominated in     
Dutch guilders have been translated into euros using the irrevocably fixed      
conversion rate applicable since January 1, 1999 for all periods presented (EUR 
1 = NLG 2.20371). Management believes that the data denominated in euros        
reflects the same trends as previously reported. Philips' financial data may    
not be comparable to other companies that also report in euros if those other   
companies previously reported in a currency other than the Dutch guilder.       

                                                        [Enlarge/Download Table]

                                                                          (Millions, except per share data)   
                                            ------------------------------------------------------------------
                                                     1995           1996           1997            1998       
                                                     EUR            EUR            EUR             EUR        
--------------------------------------------------------------------------------------------------------------
                                                                                                              
INCOME STATEMENT DATA:                                                                                        
Sales                                              25,259         27,094         29,658          30,459       
Income from operations                              1,350            422          1,714             685       
Financial income and expenses-net                    (312)          (404)          (319)           (312)      
Income from continuing operations                     971            126          1,231             541       
Net income (loss)                                   1,143           (268)         2,602           6,053       

BASIC EARNINGS PER COMMON SHARE                                                                               
(1999: EUR 1 par value; 1995 up to                                                                            
and including 1998 NLG 10 par value):                                                                         
Income from continuing operations                    2.85           0.37           3.52            1.50       
Net income (loss)                                    3.36          (0.79)          7.45           16.81       

DILUTED EARNINGS PER COMMON SHARE:                                                                            
Income from continuing operations                    2.75           0.37           3.45            1.49       
Net income (loss) (b)                                3.24          (0.79)          7.30           16.68       
Dividend per Common Share (from                                                                               
  prior-year profit distribution)                    0.57           0.73           0.73            0.91       

BALANCE SHEET DATA:                                                                                           
Working capital                                     1,389            610          1,900           1,170       
Total assets                                       20,981         21,907         23,322          28,153       
Short-term debt                                     1,919          2,446            821             801       
Long-term debt                                      2,837          3,409          3,209           2,786       
Short-term provisions (c)                           1,022            879            938             966       
Long-term provisions (c)                            2,438          2,541          2,313           2,019       
Minority interests                                    496            279            559             242       

Stockholders' equity                                6,626          6,585          9,154          14,560       
Cash flow data:                                                                                               
Net cash provided by operating activities             662            911          3,210           2,140       
Cash flow before financing activities                (870)          (925)         3,255             699       
Net cash (used for) provided by                                                                               
  financing activities                                854            777         (2,661)           (814)      
(Decrease) increase in cash and cash equivalents      (16)          (148)           594            (115)      

                                                                [Download Table]


                                      (Millions, except per share data)
                                        ----------------------------   
                                                 1999          1999 (a)
                                                  EUR          US $    
--------------------------------------------------------------------   
                                                                       
INCOME STATEMENT DATA:                                                 
Sales                                          31,459        31,732    
Income from operations                          1,751         1,766    
Financial income and expenses-net                  32            32    
Income from continuing operations               1,804         1,820    
Net income (loss)                               1,799         1,815    

BASIC EARNINGS PER COMMON SHARE                                        
(1999: EUR 1 par value; 1995 up to                                     
and including 1998 NLG 10 par value):                                  
Income from continuing operations                5.24          5.29    
Net income (loss)                                5.22          5.27    

DILUTED EARNINGS PER COMMON SHARE:                                     
Income from continuing operations                5.19          5.24    
Net income (loss) (b)                            5.18          5.22    
Dividend per Common Share (from                                        
  prior-year profit distribution)                1.00          1.01    

BALANCE SHEET DATA:                                                    
Working capital                                 1,412         1,424    
Total assets                                   29,496        29,752    
Short-term debt                                   577           582    
Long-term debt                                  2,737         2,761    
Short-term provisions (c)                       1,056         1,065    
Long-term provisions (c)                        2,062         2,080    
Minority interests                                333           336    

Stockholders' equity                           14,757        14,885    
Net cash provided by operating activities       1,913         1,930    
Cash flow before financing activities          (1,921)       (1,938)   
Net cash (used for) provided by                                        
  financing activities                         (2,606)       (2,628)   
(Decrease) increase in cash and                                        
   cash equivalents                            (4,527)       (4,566)   

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ITEM 8 SELECTED CONSOLIDATED FINANCIAL DATA (continued)                         

I. IN ACCORDANCE WITH DUTCH GAAP (continued) * ** ***                           

                                                        [Enlarge/Download Table]

                                               ------------------------------------------------------------------------------
                                                       1995             1996            1997             1998            1999
                                               ------------------------------------------------------------------------------
KEY RATIOS:                                                                                                                  
Income from operations:                                                                                                      
                                                                                                                             
-  as a % of sales                                     5.3              1.6             5.8              2.2             5.6 
-  as a % of net operating capital (RONA)             15.4              4.2            16.4              6.5            17.5 
Turnover rate of net operating capital                2.88             2.70            2.84             2.91            3.14 
Inventories as a % of sales                           20.1             16.0            15.2             14.0            14.5 
Outstanding trade receivables (in months' sales)       1.5              1.3             1.3              1.3             1.4 
Income from continuing operations:                                                                                           
- as a % of stockholders' equity (ROE)                15.8              1.9            15.9              5.1            12.6 
Net debt to group equity ratio                       35:65            42:58           21:79              (d)            6:94 

DEFINITIONS:                                                                    
Working  capital            : current assets excluding cash and cash equivalents
                   and securities less current liabilities
Net operating capital       : intangible assets (excluding goodwill of          
                          unconsolidated companies), property, plant and
                          equipment, non-current receivables and current
                       assets excluding cash and cash equivalents,
                        securities and deferred tax positions, after
                         deduction of provisions and other liabilities
RONA                        : income from operations as a % of average net      
operating capital   
ROE                         : income from continuing operations as a % of       
        average stockholders' equity
Net debt                    : long-term and short-term debt net of cash and cash
equivalents         

(a)    For the convenience of the reader, the euro amounts have been            
   converted into US dollars at the exchange rate used for balance sheet
purposes at December 31, 1999 (US $ 1 = EUR 0.9914).              
(b)    See Note 9 of "Notes to the Consolidated Financial Statements" on        
   page 32 of the 1999 Annual Report -Financial Statements- incorporated
    herein by reference for a discussion of net income (loss) on a diluted
basis.                                                            
(c)    Includes provision for pensions, severance payments, restructurings      
and taxes among other items; see Note 19 of "Notes to the         
     Consolidated Financial Statements" on page 37 of the 1999 Annual Report
-Financial Statements- incorporated herein by reference.          
(d)    Not meaningful: net cash in 1998 exceeded the debt level.                

*      1997 and prior years have been restated to reflect the sale of           
  PolyGram N.V. in 1998 and to present the Philips Group accounts on a
continuing basis.                                                 

**     In accordance with Dutch GAAP and trends in international                
accounting, the proposed dividend distribution to shareholders,   
  which is subject to approval by the General Meeting of Shareholders,
is no longer recorded in the balance sheet. Prior years have been 
restated for comparison purposes.                                 

***    The consolidated financial data for 1999 have been prepared in           
      euros. Amounts previously reported in Dutch guilders are now reported in
euros using the irrevocably fixed conversion rate which became    
effective on January 1, 1999 (EUR 1= NLG 2.20371).                

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II. APPROXIMATE AMOUNTS IN ACCORDANCE WITH US GAAP * (a), (b)                   

(See Note 28 of "Notes to Consolidated Financial Statements" on pages 50        
through 54 of the 1999 Annual Report -Financial Statements- incorporated        
herein by reference.)                                                           

                                                        [Enlarge/Download Table]

                                                                     (Millions, except per share data)                     
                                      -------------------------------------------------------------------------------------
                                                1995          1996         1997         1998           1999        1999(c) 
                                                 EUR           EUR          EUR          EUR            EUR          US $  
  -------------------------------------------------------------------------------------------------------------------------
                                                                                                                           
INCOME STATEMENT DATA:                                                                                                     
Income (loss) from continuing operations          787          (519        2,500        1,025          1,595      1,609    
Discontinued operations                           216           176 )        233        4,891              -          -    
Extraordinary items, net                            -             -          (43 )        (16 )           (5 )       (5 )  
Net income (loss) in accordance with US GAAP    1,003          (343 )      2,690        5,900          1,590      1,604    
BASIC EARNINGS PER COMMON SHARE                                                                                            
(1999: EUR 1 par value; 1995 up to and                                                                                     
  including 1998 NLG 10 par value):                                                                                        
Income (loss) from continuing operations         2.24         (1.51 )       7.16         2.85           4.63       4.67    
Net income (loss)                                2.85         (1.00 )       7.70        16.39           4.61       4.65    
DILUTED EARNINGS PER COMMON SHARE:                                                                                         
  Income (loss) from continuing operations       2.23         (1.51 )       7.02         2.82           4.59       4.63    
  Net income (loss)                              2.84         (1.00 )       7.55        16.25           4.58       4.62    
Dividend per Common Share (from prior-year                                                                                 
  profit distribution)                           0.57          0.73         0.73         0.91           1.00       1.01    
BALANCE SHEET DATA                                                                                                         
Stockholders' equity                            6,745         6,598        9,220       14,456         16,708     16,853    
Total assets                                   20,789        21,677       23,194       28,009         31,385     31,657    

 (a)     Under Dutch GAAP, certain product development and process development
    costs are capitalized in inventory. Under US GAAP such costs are
 required to be expensed when incurred. The figures previously
      presented for 1995 through 1998 have been adjusted to reflect this
  difference in accounting. The effect of this adjustment was to
      increase (decrease) both income from continuing operations and net
         income in accordance with US GAAP by (EUR 60 million), EUR 21 million
     and (EUR 40 million), in 1995, 1997 and 1998, respectively and to
   decrease loss from continuing operations and net loss by EUR 50
       million in 1996. Additionally stockholders' equity as of the end of
     1995, 1996, 1997 and 1998 was reduced by EUR 260 million, EUR 210
million, EUR 189 million and EUR 229 million, respectively. 

(b)     Under US GAAP, divestitures which cannot be regarded as discontinued
   segments of business must be included in income from continuing
 operations. Under Dutch GAAP, prior to 1999, certain material
    transactions such as disposals of lines of activities, including
        closures of substantial production facilities or substantial results
          from disposals of interests in unconsolidated companies were accounted
      for as extraordinary items, whereas under US GAAP these would have
been recorded in income from operations.                    

(c)     For the convenience of the reader, the euro amounts have been       
         converted into US dollars at the exchange rate used for balance sheet
purposes at December 31, 1999 (US $ 1 = EUR 0.9914).        

  *      The consolidated financial data for 1999 have been prepared in euros.
     Amounts previously reported in Dutch guilders are now reported in
  euros using the irrevocably fixed conversion rate which became
effective on January 1, 1999 (EUR 1 = NLG 2.20371).         

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III. CASH DIVIDENDS AND DISTRIBUTIONS PAID PER COMMON SHARE                     

     The following table sets forth in euros the gross dividends paid on the
Common Shares in the financial years indicated (from prior-year profit          
distribution) and such amounts as converted into US dollars and paid to holders 
of Shares of New York Registry:                                                 

                                                        [Enlarge/Download Table]


                       1995             1996            1997             1998            1999 
            ----------------------------------------------------------------------------------
                                                                                              
-  In EUR              0.57             0.73            0.73             0.91            1.00 
-  In US $             0.80             0.97            0.85             0.97            1.09 

 The 1999 financial statements under Dutch GAAP are presented before
profit distribution that is subject to shareholder approval after year-end. This
is in line with Dutch GAAP requirements and trends in international accounting. 
Adoption of the dividend proposal by the General Meeting of Shareholders on     
March 30, 2000, will result in a total dividend payment in the year 2000 of EUR 
399 million (EUR 1.20 per Common Share).                                        

       The dollar equivalent of the 1999 profit distribution of EUR 1.20 - which
is subject to approval by the Annual General Meeting of Shareholders on March   
30, 2000 - payable to shareholders in the year 2000, will be calculated at the  
euro/dollar rate of the official Amsterdam daily fixing rate (transfer rate) on 
the date fixed and announced for that purpose by the Company.                   

IV. EXCHANGE RATES US $ : EUR                                                   

                                                        [Enlarge/Download Table]


                                 1995             1996            1997             1998            1999 
                         -------------------------------------------------------------------------------
                                                                                                        
-  Rate at December 31,                                                                                 
      (as reported)            0.7260           0.7896          0.9166           0.8576          0.9914 
-  Average rate (a)            0.7306           0.7669          0.8849           0.8985          0.9392 
-  Highest rate                0.7941           0.7987          0.9620           0.9484          0.9987 
-  Lowest rate                 0.6943           0.7306          0.7850           0.8213          0.8460 


(a) The average rates are the accumulated average rates based on daily          
quotations.                                                             

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ITEM 9 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION              
AND RESULTS OF OPERATIONS                                                       

       The information required by this Item is incorporated by reference herein
on pages 40 through 73 of the 1999 Annual Report -Management Report.            

SUBSEQUENT EVENT                                                                

       On March 27, 2000, Philips announced the sale of approximately 20% of its
shares of JDS Uniphase, resulting in an after tax gain of approximately EUR 525 
million. Philips still holds 15,477,168 common shares of JDS Uniphase, of which,
subject to market conditions, Philips from time to time may sell more shares.   
See also Note 3 and Note 11 of the Company's 1999 Annual Report - Financial     
Statements.                                                                     

ITEM 9A QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS             

       The information required by this Item is incorporated by reference herein
on pages 67 through 68 of the 1999 Annual Report -Management Report.            

ITEM 10 DIRECTORS AND OFFICERS OF REGISTRANT                                    

       The information required by this Item is incorporated by reference herein
on pages 74 through 78 of the 1999 Annual Report -Management Report- and pages  
71, 75 and 76 of the 1999 Annual Report -Financial Statements.                  

  Mr. L.C. van Wachem is also Chairman of the Board of the
Dr. A.F. Philips Stichting.                           

        Messrs W. de Kleuver C.J. Oort and C. Boonstra are also member
of the Board of the Dr. A.F. Philips Stichting.       

ITEM 11 COMPENSATION OF DIRECTORS AND OFFICERS                                  

    For information on the remuneration of the Board of Management and the
Supervisory Board, required by this Item, see page 23 for the aggregate amounts 
and pages 71 through 75 for individually named members of the 1999 Annual Report
-Financial Statements- incorporated herein by reference.                        

       The aggregate direct remuneration paid in 1999 to, or for the benefit of,
the members of the Supervisory Board, the Board of Management and 68 officers in
the Netherlands, taken as a group, was as follows:                              

Aggregate direct remuneration: EUR 21,656,000                                 

Contribution to retirement plans: EUR 3,135,000                               

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ITEM 12 OPTIONS TO PURCHASE SECURITIES FROM REGISTRANT OR SUBSIDIARIES          

      During 1999, 1,724,525 stock options to purchase Common Shares
of Koninklijke Philips Electronics N.V. were issued. In 1999 2,065,723          
options were exercised; 83,889 initially allocated options were forfeited       
due to resignations/dismissals prior to vesting. Until March 1, 2000,           
1,182,200 stock options were newly issued, 835,909 stock options were           
exercised and 1,667 initially allocated options were forfeited. As of           
March 1, 2000, the number of shares issuable upon exercise of stock             
options outstanding was 5,586,071 (December 31, 1999: 5,241,447 stock           
options).                                                                       

    For a discussion of the options and the employee debentures,
see also Note 23: "Long-term debt", Note 25: "Share premium and other           
reserves" and Note 26: "Stock-based compensation" of "Notes to the              
Consolidated Financial Statements" on pages 42 through 47 of the 1999           
Annual Report -Financial Statements- incorporated herein by reference.          

     For information specified in this Item for individually named
directors and officers, see pages 71 through 75 of the 1999 Annual Report       
-Financial Statements- incorporated herein by reference.                        

    The following table provides more detailed information about
the stock options outstanding at March 1, 2000:                                 

                                                        [Enlarge/Download Table]

       Fixed option plans:                                                                                                         
                                                                                                        options exercisable        
                                                                                                                           weighted
                                                     exercise                 options                                       average
                                number              price per              outstanding                  number            price per
                           outstanding                  share                 exercise             exercisable                share
                           at March 1,              (price in                   period             at March 1,            (price in
                                  2000                   EUR)                 (ending)                    2000                 EUR)
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                   
1996                           202,650                  30.13             Feb. 14, 2001                202,650                30.13
1996                            20,000                  26.46             Oct. 23, 2001                 20,000                26.46
1997                           401,800                  36.76             Feb. 12, 2002                401,800                36.76
1997                            25,000                  44.02             Apr. 22, 2002                 25,000                44.02
1997                           135,000                  77.73             July 23, 2002                135,000                77.73
1997                            37,800                  72.70             Oct. 22, 2002                 37,800                72.70
1998                           741,400                  65.80             Feb. 11, 2003                741,400                65.80
1998                            56,000                  84.09             Apr. 21, 2003                      -                     
1998                             3,000                  77.73             July 22, 2003                      -                     
1998                            96,000                  46.29             Oct. 21, 2003                      -                     
1999                           906,250                  63.05             Feb. 10, 2004                      -                     
1999                            16,500                  83.40             Apr. 21, 2004                      -                     
1999                            21,500                  92.05             July 21, 2004                      -                     
1999                            31,600                  89.95            Sept. 22, 2004                      -                     
2000                         1,179,700                 168.10             Feb. 16, 2005                      -                     
                                               (price in US$)                                                        (price in US$)
1998                           471,311            51.75-94.37              Oct. 1, 2008                270,758                68.81
1999                           707,775           87.90-124.37              Oct. 1, 2009                      -                     
                      -----------------                                                          --------------                    
                             5,053,286                                                               1,834,408                     
Variable plans:                                                                                                                    
                                               (price in US$)                                                        (price in US$)
1991 - 1992                     11,042            11.81-21.38             Dec. 31, 2000                 11,042                12.85
1993 - 1994                     75,475            11.00-27.56             Dec. 31, 2002                 75,475                11.50
1995 - 1997                    446,268            30.00-56.81             Dec. 31, 2004                446,268                31.52
                      -----------------                                                         ---------------                    
                               532,785                                                                 532,785                     

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ITEM 13 INTEREST OF MANAGEMENT IN CERTAIN TRANSACTIONS                          

The registrant does not report to its shareholders, or  
otherwise make public, the information specified in this Item for               
individually named directors and officers.                                      

ITEM 14 DESCRIPTION OF SECURITIES TO BE REGISTERED                              

Omitted pursuant to Form 20-F General Instruction G(b). 

ITEM 15 DEFAULTS UPON SENIOR SECURITIES                                         

None.                                                   

ITEM 16 CHANGES IN SECURITIES AND CHANGES IN SECURITY FOR REGISTERED SECURITIES 

None.                                                   

ITEM 18 FINANCIAL STATEMENTS                                                    

  The following portions of the Company's 1999 Annual Report
-Financial Statements- as set forth on pages 3 through 63 are                   
incorporated herein by reference and constitute the Company's response to       
this Item:                                                                      

"Accounting principles"                                 
"Consolidated statements of income of the Philips Group"
"Consolidated balance sheets of the Philips Group"      
    "Consolidated statements of cash flows of the Philips Group"
      "Consolidated statements of changes in stockholders' equity of
the Philips Group"                                    
"Notes to the consolidated financial statements of the  
Philips Group"                                        

Schedules:                                                                      
    Schedules are omitted as they are either not required or not
applicable.                                             

ITEM 19 FINANCIAL STATEMENTS AND EXHIBITS                                       

(a) INDEX TO FINANCIAL STATEMENTS                                               

See Item 18 above.                                      

           The total amount of long-term debt securities of the Registrant and
its subsidiaries authorized under any one instrument does not exceed 10% of the 
total assets of Philips and its subsidiaries on a consolidated basis. Philips   
agrees to furnish copies of any or all such instruments to the Securities and   
Exchange Commission upon request.                                               

(b) INDEX OF EXHIBITS                                                           

           I       Independent auditors' report and consent of the independent
auditors.                               

      II      The 1999 Annual Report to Shareholders of the Company,
         consisting of the Management Report and Financial
            Statements, which is furnished to the Securities and
                 Exchange Commission for information only and is not filed
            except for such specific portions that are expressly
              incorporated by reference in this report on Form 20-F.

        III     Articles of Association, as amended, dated as of May 29,
                  1999 - English translation - (incorporated by reference to
                  the Company's Report on Form 6-K for the period commencing
July 22, 1999 through August 9, 1999).  

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EXHIBIT INDEX 

Exhibit Number                Description of Exhibit                            
----------------------        ----------------------------------------------    

     I                     Independent auditors' report and consent of the
 independent auditors.

   II                    The 1999 Annual Report to Shareholders of the
                            Company, consisting of the Management Report and
                           Financial Statements, which is furnished to the
                              Securities and Exchange Commission for information
                          only and is not filed except for such specific
                       portions that are expressly incorporated by
                  reference in this report on Form 20-F.

      III                   Articles of Association, as amended, dated as of
                              May 29, 1999 - English translation - (incorporated
                            by reference to the Company's Report on Form 6-K
                           for the period commencing July 22, 1999 through
August 9, 1999).    

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      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant certifies that it meets all the requirements for filing on Form 20-F 
and has duly caused this annual report to be signed on its behalf by the        
undersigned, thereunto duly authorized.                                         

                                                        [Enlarge/Download Table]

                                 KONINKLIJKE PHILIPS ELECTRONICS N.V.                             
                                                                                                  
/s/ C. Boonstra                                                                  /s/ J.H.M. Hommen
C. Boonstra                                                                          J.H.M. Hommen
(President, Chairman                                                    (Executive Vice-President,
of the Board of Management and                                              Member of the Board of
the Group Management Committee)                                                 Management and the
                                                                       Group Management Committee,
                                                                      and Chief Financial Officer)

                                             Registrant                                           

Date: March 29, 2000                                                                              

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Dates Referenced Herein and Documents Incorporated By Reference

		Referenced-On Page
This 20-F Filing	Date	First	Last	Other Filings

	12/18/92	13
	1/1/97	8
	10/1/97	7
	1/1/98	4
	4/1/98	8
	9/27/98	7
	10/1/98	9
	1/1/99	3	17
	5/29/99	21	22
	7/22/99	21	22	6-K
	8/9/99	21	22	6-K
For The Period Ended	12/31/99	1	20
	1/1/00	4	9
	2/25/00	12	13
	3/1/00	20
	3/27/00	19
Filed On / Filed As Of	3/29/00	1	23
	3/30/00	18
	4/21/03	20
	7/22/03	20
	10/21/03	20
	2/10/04	20		6-K
	4/21/04	20
	7/21/04	20
	9/22/04	20
	2/16/05	20
	10/1/09	20

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Koninklijke Philips Electronics NV · 20-F · For 12/31/99

Filed On 3/29/00 · SEC File 1-05146-01 · Accession Number 950123-0-2917

Annual Report of a Foreign Private Issuer · Form 20-FFiling Table of Contents

20-F · Koninklijke Philips Electronics N.V.Document Table of Contents

Dates Referenced Herein and Documents Incorporated By Reference

Annual Report of a Foreign Private Issuer · Form 20-F
Filing Table of Contents

20-F · Koninklijke Philips Electronics N.V.
Document Table of Contents