Untitled - David Kronemyer

T{OTES TO THE COI{SOLIDATED STATEMENTS OF IT{COME
2. COSIS OF SALES (conrinued)
Employees
The following chort shows the number of employees per geogrophicol oreo.
Geogrophicol oreo
The Nelherlonds
Europe excluding The Netherlonds
U.5.A. ond Conodo
Asio
Rest of World
December 3l
1989
835
3,92A
r,43O
s83
al7
number of employees os of
December 3l
198 8
802
3,572
1,218
524
780
overoge number of
employees
in 1989
422
3,720
|,332
583
808
7,593 6,896 7,265
3. FINANCIAT INCO}IE AND EXPENSES
The following items of income ond expenses ore included in lhis occount:
lnierest expense
lnteresi income
Exchonge goins ond losses
Oiher finonciol expenses
Totol
(36)
r09
(4)
(t t)
lncluded in ihe inlerest income is NLG 37 million, representing interest income from Philips (lost yeor, NLG 31 million).
4. INCOME TAXES
lncome toxes omounted to NLG 174 million (losl yeoq NLG 121 million) resuhing in on effective tox rote of 340/o (lost yeor,
310/o). The income toxes were not reduced by the utilizotion of loss corryforwords from operoting losses of previous periods
(losl yeor, NLG 39 million). At December 31, 1989 ond 1988 the iotol operoting loss corryforwords oggregoted opproximolely
NIG 285 million ond NLG 184 million, respectively, of which opproximotely NLG l7 million will expire within five yeors (lost
yeor, NLG l3 million).
Wiihholding toxes reloting to income of subsidiories to be poid os dividends in the neor future ore generolly deducted
from lhe income in the yeor in which ihe income is generoled.
The deferred income lox positions ore determined for eoch fiscol entity; such on entity represenls o compony or o group
of componies, the lotler hoving permission of the tox outhorilies to file one consolidoled tox return ond to be toxed os one
corporotion.
lncome toxes ore included in the bolonce sheel under receivobles in the evenl, ond to the extent, ihot ihe toiol deferred
income lox debits exceed lhe loiol of deferred income tox liobililies. Conversely, income toxes ore included in the bolonce
sheel under provisions in lhe event, ond to the extenl, thot the iotol de{erred income tox liobilities exceed the totol of
deferred income tox debiis.