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Consolidated statements of income - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Profit or loss [abstract]      
Sales € 18,121 [1] € 17,780 € 17,422
Cost of sales 9,568 9,600 9,484
Gross margin 8,554 8,181 7,939
Selling expenses 4,500 4,398 4,142
General and administrative expenses 631 577 658
Research and development expenses 1,759 1,764 1,669
Other business income 88 152 17
Other business expenses 33 76 23
Income from operations 1,719 1,517 1,464
Financial income 51 126 65
Financial expenses 264 263 507
Investments in associates, net of income taxes (2) (4) 11
Income before taxes 1,503 1,377 1,034
Income tax expense 193 349 203
Income from continuing operations 1,310 [2] 1,028 [3],[4] 831 [3],[4]
Discontinued operations, net of income taxes [4],[5] (213) 843 [3] 660 [3]
Net income [5] 1,097 [2] 1,870 1,491
Net income attributable to Koninklijke Philips N.V. shareholders [4] 1,090 1,657 [3] 1,448 [3]
Net income attributable to non-controlling interests € 7 € 214 € 43
Income from continuing operations attributable to shareholders [6] € 1.41 € 1.10 € 0.90
Net income attributable to shareholders [4] 1.18 1.78 [3] 1.58 [3]
Income from continuing operations attributable to shareholders [6] 1.39 1.08 0.89
Net income attributable to shareholders [4] € 1.16 € 1.75 [3] € 1.56 [3]
[1] Represents revenue from external customers as required by IFRS 8 Operating Segments.
[2] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.
[3] During 2018, an error was identified in certain non-controlling interests and EPS calculations for 2016 and 2017 respectively. Reference is made to the Significant accounting policies.
[4] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.
[5] The accompanying notes are an integral part of these consolidated financial statements. For a number of reasons, principally the effects of translation differences and consolidation changes, certain items in the statements of cash flows do not correspond to the differences between the balance sheet amounts for the respective items
[6] During 2018, an error was identified in certain non-controlling interests and EPS calculations for 2016 and 2017 respectively. Reference is made to the Significant accounting policies.