Nokia 2003 Annual Report Download - page 112
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Nokia Corporation and Subsidiaries
Consolidated Balance Sheets
December 31
Notes 2003 2002
EURm EURm
ASSETS
Fixed assets and other non-current assets
Capitalized development costs .................................... 12 537 1,072
Goodwill .................................................... 12 186 476
Other intangible assets ......................................... 12 185 192
Property, plant and equipment ................................... 13 1,566 1,874
Investments in associated companies .............................. 14 76 49
Available-for-sale investments .................................... 15 121 238
Deferred tax assets ............................................ 24 743 731
Long-term loans receivable ...................................... 16 354 1,056
Other non-current assets ........................................ 69 54
3,837 5,742
Current assets
Inventories .................................................. 17, 19 1,169 1,277
Accounts receivable, net of allowances for doubtful accounts (2003:
EUR 367 million, 2002: EUR 300 million) ........................... 18, 19 5,231 5,385
Prepaid expenses and accrued income .............................. 18 1,106 1,156
Other financial assets .......................................... 465 416
Available-for-sale investments .................................... 15 816 —
Available-for-sale investments, cash equivalents ...................... 15, 34 10,151 7,855
Bank and cash ............................................... 34 1,145 1,496
20,083 17,585
Total assets ................................................. 23,920 23,327
SHAREHOLDERS’ EQUITY AND LIABILITIES
Shareholders’ equity
Share capital ................................................. 21 288 287
Share issue premium .......................................... 2,272 2,225
Treasury shares, at cost ........................................ (1,373) (20)
Translation differences ......................................... (85) 135
Fair value and other reserves .................................... 20 93 (7)
Retained earnings ............................................. 22 13,953 11,661
15,148 14,281
Minority interests ............................................ 164 173
Long-term liabilities .......................................... 23
Long-term interest-bearing liabilities ............................... 20 187
Deferred tax liabilities .......................................... 24 241 207
Other long-term liabilities ....................................... 67 67
328 461
Current liabilities
Short-term borrowings ......................................... 25 387 377
Current portion of long-term debt ................................. 84 —
Accounts payable ............................................. 2,919 2,954
Accrued expenses ............................................. 26 2,468 2,611
Provisions ................................................... 27 2,422 2,470
8,280 8,412
Commitments and contingencies .................................. 29
Total shareholders’ equity and liabilities .......................... 23,920 23,327
See Notes to Consolidated Financial Statements.
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