Philips Annual Report 2019
ON FEBRUARY 25TH 2020, KONINKLIJKE PHILIPS N.V. PUBLISHED ITS ANNUAL REPORT 2019 USING OUR TAXXOR Disclosure manager. ALL FROM ONE SINGLE SOURCE OF TRUTH, WE HAVE GENERATED THEIR WEBSITE, PDF, PRINT PDF AS WELL AS THE INLINE XBRL 20-F DOCUMENT THAT WAS FILED WITH THE SEC.
After the initial implementation that we have done, this year Philips has worked on mapping all financial data to their source financial system (SAP ERP). By doing this, all data used in the report can be easily re-used next year by just shifting the publication date. No more copy / pasting of financial numbers, but always immediately sourced from the correct systems. This eliminates the chance of reporting a wrong number, and also makes it easier to audit.
Another big step forward in our goal to make financial reporting easier!
What we delivered
With a brand new design, the Philips Resultshub website is taken to another level. The complete Philips Resultshub website is powered by Taxxor. All content is managed within our CMS and automatically published to the website server. You can find the English website here and the Mandarin version here.
The results are also published as a PDF file and as a book that can be requested by Philips' stakeholders. Also the PDF is rendered in 2 languages, which is very easy with our multi-lingual solution. Please find the english PDF here.
20-F inline XBRL
For filing with the SEC, Philips has to create a form 20-F in XBRL format. We have created a solution in which they can easily manage all tagging of numbers, and automatically generate an inline XBRL filing package that can be submitted to the SEC. Please click here to view the inline XBRL document as filed with the SEC.