Nokia 2003 Annual Report Download - page 145
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Notes to the Consolidated Financial Statements (Continued)
23. Long-term liabilities
Repayment
Outstanding date beyond Outstanding
December 31, 2003 5 years December 31, 2002
EURm EURm EURm
Long-term loans are repayable as follows:
Bonds ................................... ——62
Loans from financial institutions ............. 1—98
Loans from pension insurance companies ...... 18 18 15
Other long-term finance loans ................ 1—12
Other long-term liabilities ................... 67 67 67
87 85 254
Deferred tax liabilities ...................... 241 207
Total long-term liabilities ................... 328 461
The long-term liabilities excluding deferred tax liabilities as of December 31, 2003 mature as
follows:
EURm Percent of total
2004 .......................................................... — —
2005 .......................................................... 1 1.0%
2006 .......................................................... 1 0.6%
2007 .......................................................... — —
2008 .......................................................... — —
Thereafter ..................................................... 85 98.4%
87 100.0%
The currency mix of the Group long-term liabilities as at December 31, 2003 was as follows:
EUR USD BRL Others
94.44% 3.93% 0.97% 0.66%
At December 31, 2003 and 2002 the weighted average interest rate on loans from financial
institutions was 5.81% and 8.44%, respectively.
Bonds: Million of bonds Currency Interest 2003 2002
EURm EURm
1989–2004 .............................. 40.0 GBP 11.375% —62
At December 31, 2003 the bonds are reported under short-term borrowings as the bonds mature
in 2004.
F-36