Nokia 2003 Annual Report Download - page 111

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Nokia Corporation and Subsidiaries
Consolidated Profit and Loss Accounts
Financial year ended December 31
Notes 2003 2002 2001
EURm EURm EURm
Net sales .......................... 29,455 30,016 31,191
Cost of sales ........................ (17,237) (18,278) (19,787)
Research and development expenses ..... (3,760) (3,052) (2,985)
Selling, general and administrative
expenses ......................... 6, 7 (3,363) (3,239) (3,523)
Customer finance impairment charges,
net of reversals .................... 7 226 (279) (714)
Impairment of goodwill ............... 7 (151) (182) (518)
Amortization of goodwill .............. 9 (159) (206) (302)
Operating profit .................... 2, 3, 4, 5, 6, 7, 9 5,011 4,780 3,362
Share of results of associated companies . . 32 (18) (19) (12)
Financial income and expenses ......... 10 352 156 125
Profit before tax and minority interests .. 5,345 4,917 3,475
Tax ............................... 11 (1,699) (1,484) (1,192)
Minority interests .................... (54) (52) (83)
Net profit .......................... 3,592 3,381 2,200
2003 2002 2001
Earnings per share .................. 28 EUR EUR EUR
Basic ............................ 0.75 0.71 0.47
Diluted ........................... 0.75 0.71 0.46
2003 2002 2001
Average number of shares (000’s shares) .28
Basic ............................ 4,761,121 4,751,110 4,702,852
Diluted ........................... 4,761,160 4,788,042 4,787,219
See Notes to Consolidated Financial Statements.
F-2