Koninklijke Philips NV Files 20-F for Fiscal Year 2023

Ticker: RYLPF · Form: 20-F · Filed: Feb 20, 2024 · CIK: 313216

Sentiment: neutral

Topics: Philips, 20-F, Annual Report, Financials, Equity

TL;DR

<b>Koninklijke Philips NV has submitted its annual 20-F filing for the fiscal year 2023, detailing its financial position and equity components.</b>

AI Summary

KONINKLIJKE PHILIPS NV (RYLPF) filed a Foreign Annual Report (20-F) with the SEC on February 20, 2024. Koninklijke Philips NV filed its 20-F report for the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's previous filings include data for fiscal years ending December 31, 2020, 2021, and 2022. Key financial statement components such as Issued Capital, Share Premium, Retained Earnings, and Equity Attributable to Owners of the Parent are reported. The report also details reserves for gains/losses on financial assets, cash flow hedges, and exchange differences on translation.

Why It Matters

For investors and stakeholders tracking KONINKLIJKE PHILIPS NV, this filing contains several important signals. This 20-F filing provides the latest comprehensive overview of Koninklijke Philips NV's financial performance and structure for the 2023 fiscal year, crucial for investors assessing the company's health. The detailed breakdown of equity components and reserves offers insights into the company's financial management and risk exposure, aiding in investment decisions.

Risk Assessment

Risk Level: medium — KONINKLIJKE PHILIPS NV shows moderate risk based on this filing. The filing is a standard annual report (20-F), which typically contains a broad range of financial and operational information, but lacks specific forward-looking guidance or immediate financial performance metrics within the provided header data.

Analyst Insight

Review the detailed financial statements and risk factors within the full 20-F filing to understand Koninklijke Philips NV's performance and outlook for 2023.

Key Numbers

Key Players & Entities

FAQ

When did KONINKLIJKE PHILIPS NV file this 20-F?

KONINKLIJKE PHILIPS NV filed this Foreign Annual Report (20-F) with the SEC on February 20, 2024.

What is a 20-F filing?

A 20-F is a annual report for foreign private issuers, equivalent to a 10-K but following international reporting standards. This particular 20-F was filed by KONINKLIJKE PHILIPS NV (RYLPF).

Where can I read the original 20-F filing from KONINKLIJKE PHILIPS NV?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by KONINKLIJKE PHILIPS NV.

What are the key takeaways from KONINKLIJKE PHILIPS NV's 20-F?

KONINKLIJKE PHILIPS NV filed this 20-F on February 20, 2024. Key takeaways: Koninklijke Philips NV filed its 20-F report for the fiscal year ending December 31, 2023.. The filing covers the period from January 1, 2023, to December 31, 2023.. The company's previous filings include data for fiscal years ending December 31, 2020, 2021, and 2022..

Is KONINKLIJKE PHILIPS NV a risky investment based on this filing?

Based on this 20-F, KONINKLIJKE PHILIPS NV presents a moderate-risk profile. The filing is a standard annual report (20-F), which typically contains a broad range of financial and operational information, but lacks specific forward-looking guidance or immediate financial performance metrics within the provided header data.

What should investors do after reading KONINKLIJKE PHILIPS NV's 20-F?

Review the detailed financial statements and risk factors within the full 20-F filing to understand Koninklijke Philips NV's performance and outlook for 2023. The overall sentiment from this filing is neutral.

How does KONINKLIJKE PHILIPS NV compare to its industry peers?

Koninklijke Philips NV operates in the healthcare technology sector, focusing on connected care and professional diagnostic solutions.

Are there regulatory concerns for KONINKLIJKE PHILIPS NV?

As a foreign private issuer, Koninklijke Philips NV files an annual report on Form 20-F, which is a comprehensive disclosure document required by the SEC.

Industry Context

Koninklijke Philips NV operates in the healthcare technology sector, focusing on connected care and professional diagnostic solutions.

Regulatory Implications

As a foreign private issuer, Koninklijke Philips NV files an annual report on Form 20-F, which is a comprehensive disclosure document required by the SEC.

What Investors Should Do

  1. Analyze the full 20-F document for detailed financial statements, including revenue, net income, and cash flow.
  2. Examine the Management's Discussion and Analysis section for insights into the company's operational performance and strategic priorities.
  3. Review the risk factors section to understand potential challenges and uncertainties facing Koninklijke Philips NV.

Key Dates

Year-Over-Year Comparison

This filing represents the annual update for fiscal year 2023, providing the latest financial data and disclosures compared to previous filings.

Filing Stats: 4,475 words · 18 min read · ~15 pages · Grade level 12.7 · Accepted 2024-02-20 06:58:28

Filing Documents

From the Filing

Royal Philips - 20-F 2023 As filed with the Securities and Exchange Commission on February 20, 2024 UNITED STATES 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 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report . . . . . . . . . . . . . . . . . . . For the transition period from ___________________________ to ___________________________ Commission file number 001-05146-01 KONINKLIJKE PHILIPS NV (Exact name of Registrant as specified in its charter) ROYAL PHILIPS (Translation of Registrant's name into English) The Netherlands (Jurisdiction of incorporation or organization) Philips Center , Amstelplein 2 , 1096 BC Amsterdam , The Netherlands (Address of principal executive offices) Marnix van Ginneken , Chief ESG & Legal Officer +31 20 59 77232 , marnix.van.ginneken@philips.com , Philips Center , Amstelplein 2 , 1096 BC Amsterdam , The Netherlands (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares - par value PHG New York Stock Exchange Euro (EUR) 0.20 per share Securities registered or to be registered pursuant to Section 12(g) of the Act. None (Title of class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act. None (Title of class) Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report. Class Outstanding at December 31, 2023 KONINKLIJKE PHILIPS NV 906,403,156 shares Common Shares par value EUR 0.20 per share Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes No Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 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 No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of "large accelerated filer," "accelerated filer," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large Accelerated Filer Accelerated filer Non-accelerated filer Emerging growth company If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. The term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compe

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