Philips India

1 OTHER EXCEPTIONAL ITEMS INCLUDE:
 
 (a) Rs. 47 - Net surplus on divestment of business relating to Set Top
 Boxes to PACE Micro Technology (India) Private Limited; - [(2007 - Rs.
 125) - Net surplus on divestment of business relating to Financial
 Services to PAN Financial Shared Services India Private Limited)].
 
 (b) Rs. 17 (2007 - Rs. Nil) - Write back of provision created for
 divestment of business relating to Financial Services in 2007.
 
 (c) Rs. 142 (2007 - Rs. 295) - Profit on sale of property.
 
 (d) Rs. Nil (2007 - Rs.20) - Being the amount received on final
 admission / quantification of claim by insurance company in connection
 with stocks and fixed assets destroyed during the year 2005 due to
 flood at the Companys plant at Vadodara.
 
 2 Dividend remitted for January - December 2007 - Rs. 136 (January -
 December 2006 - Rs. 136) on 67,774,840 equity shares to 2 non- resident
 shareholders.
 
 3 Fiscal year for the Company being the year ending March 31, 2009,
 the ultimate tax liability will be determined on the basis of the
 results for the period April 1, 2008 to March 31, 2009.
 
 4 Prior years figures have been regrouped, recast and restated where
 necessary to conform to the current years classification.
 
 5 Contingent liabilities
 
 (a) Claims not acknowledged as debts by the Company - Rs.32 (31.12.2007
 - Rs.32).
 
 (b) In respect of disputed sales tax demands - Rs. Nil (31.12.2007-
 Rs.67), excise demands - Rs.162 (31.12.2007 -Rs.180), income tax
 demands - Rs.509 (31.12.2007 - Rs.3l) and service tax demands Rs.16
 (31.12.2007 - Rs. Nil)
 
 (c) In respect of suppliers / customers demands and certain tenancy /
 customs / sales tax disputes for which the liability is not
 ascertainable.
 
 The Company does not expect any reimbursements in respect of the above
 contingent liabilities. It is not practicable to estimate the timing of
 cash outflows, if any, in respect of (a) and (b) above pending
 resolution of the legal proceedings.
 
 6 There are no Micro, Small and Medium Enterprises to whom the Company
 owes dues, which are outstanding for more than 45 days as at December
 31, 2008 and the information given in Schedule 12 Liabilities as
 required to be disclosed under the Micro, Small and Medium Enterprises
 Development Act, 2006 has been determined to the extent such parties
 have been identified on the basis of information available with the
 Company.
 
 7 Prior years figures have been regrouped, recast and restated where
 necessary to conform to the current years classification.