The Philips group manufactures and sells over a million different electrical products. About half our sales are to the consumer market and half are to professional and industrial markets. The group has a turnover if 24,560 million. Philips is a multinational company with organization in sixty different countries. NV Philips is the holding or parent company and it's located in the Netherlands It has over 120 subsidiaries worldwide and there are 304800 employees. The group is also working in joint ventures with other partners. For example, we're expanding our activities in China at the moment, developing business ventures with the People's Republic.