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Other financial assets | 12 Months Ended
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Dec. 31, 2017
Disclosure of other financial assets [Abstract] |
Disclosure of other financial assets [Text block] | Table of Contents ### Note 13Other financial assets The changes during 2017 were as follows: Philips Group Other non-current financial assets in millions of EUR 2017
| available-for-sale financial assets | loans and receivables | held-to-maturity investments | financial assets at fair value through profit or loss | total
Balance as of January 1, 2017 | 172 | 134 | 2 | 27 | 335
Changes: |  |  |  |  |
Reclassifications | (1) | 2 | - | 1 | 2
Acquisitions/additions | 368 | 5 | - | - | 374
Sales/redemptions | (23) | (8) | - | (3) | (34)
Impairment | (1) | - |  |  | (1)
Value adjustments | (46) | - |  | 8 | (39)
Translation differences and other | (24) | (20) | (1) | (6) | (50)
Balance as of December 31, 2017 | 446 | 114 | 1 | 27 | 587
Philips Group Other non-current financial assets in millions of EUR 2016
| available-for-sale financial assets | loans and receivables | held-to-maturity investments | financial assets at fair value through profit or loss | total
Balance as of January 1, 2016 | 232 | 222 | 2 | 33 | 489
Changes: |  |  |  |  |
Reclassifications | (56) | (100) |  | - | (156)
Acquisitions/additions | 44 | 26 | - | 3 | 73
Sales/redemptions | (3) | (22) |  | (1) | (26)
Impairment | (27) | - | - |  | (27)
Value adjustments | (19) | (2) |  | (8) | (29)
Translation differences and other | 1 | 10 | - | - | 11
Balance as of December 31, 2016 | 172 | 134 | 2 | 27 | 335
##### Available-for-sale financial assets The Company’s investments in available-for-sale financial assets mainly consist of investments in common shares of companies in various industries. In 2017, the main movements in available-for-sale financial assets can be explained by transactions following the divestment of the combined Lumileds and Automotive businesses as further described in Discontinued operations and assets classified as held for sale. The Company sold the majority stake in the combined Lumileds and Automotive businesses on June 30, 2017. The retained investment in Luminescence Coöperatief U.A., a Dutch cooperative with excluded liability ( coöperatie met uitgesloten aansprakelijkheid), consisting of a 19.1% membership interest and a participating preferred interest received as part of the sale, is classified under available-for-sale financial assets. As of December 31, 2017, the investment was valued at EUR 243 million, reflecting a value adjustment of EUR 49 million in the second half of 2017. ##### Contractual obligations The Company has entered into contracts with venture capitalists where it committed itself to make, under certain conditions, capital contributions to their investment funds to an aggregated amount of EUR 83 million (2016: EUR 90 million) until June 30, 2021. As at December 31, 2017 capital contributions already made to these investment funds are recorded as available-for-sale financial assets within Other non-current financial assets. ##### Current financial assets Current financial assets decreased by EUR 99 million from EUR 101 million in 2016 to EUR 2 million in 2017. This is mainly due to the repayment of EUR 90 million of loans by TPV Technology limited.

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