Nokia 2003 Annual Report Download - page 139

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Notes to the Consolidated Financial Statements (Continued)
19. Valuation and qualifying accounts
Balance at Charged to Charged to Balance
Allowances on beginning cost and other at end
assets to which they apply: of year expenses accounts Deductions(1) of year
EURm EURm EURm EURm EURm
2003
Doubtful accounts receivable .......... 300 228 — (161) 367
Excess and obsolete inventory ......... 290 229 — (331) 188
2002
Doubtful accounts receivable .......... 217 186 — (103) 300
Long-term loans receivable ............ 13 — — (13) 0
Excess and obsolete inventory ......... 314 318 — (342) 290
2001
Doubtful accounts receivable .......... 236 108 — (127) 217
Long-term loans receivable ............ 59 — — (46) 13
Excess and obsolete inventory ......... 263 334 — (283) 314
(1) Deductions include utilization and releases of the allowances.
20. Fair value and other reserves
Hedging Available-for-sale
reserve investments Total
EURm EURm EURm
Balance at December 31, 2001 ........................... (38) 58 20
Cash flow hedges:
Fair value gains/(losses) in period ....................... 60 — 60
Available-for-sale Investments:
Net fair value gains/(losses) ............................ — (155) (155)
Transfer to profit and loss account on impairment .......... — 67 67
Transfer to profit and loss account on disposal ............. — 1 1
Balance at December 31, 2002(1)(2) ........................ 22 (29) (7)
Cash flow hedges:
Fair value gains/(losses) in period ....................... 2 — 2
Available-for-sale Investments:
Net fair value gains/(losses) ............................ — 98 98
Transfer to profit and loss account on impairment .......... — 27 27
Transfer to profit and loss account on disposal ............. — (27) (27)
Balance at December 31, 2003(1)(2) ........................ 24 69 93
(1) The tax on the balance of the cash flow hedges was EUR (8) million in 2003 and EUR (9)
million in 2002.
(2) The tax on the balance of the available-for-sale investments was EUR (14) million in 2003 and
EUR (16) million in 2002.
F-30