Nokia 2003 Annual Report Download - page 147

Download and view the complete annual report

Please find page 147 of the 2003 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 174

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174

Notes to the Consolidated Financial Statements (Continued)
27. Provisions
IPR
Warranty infringements Other Total
EURm EURm EURm EURm
At January 1, 2003 ................................ 1,603 273 594 2,470
Exchange differences ............................... (36) — — (36)
Additional provisions .............................. 683 119 300 1,102
Change in fair value ............................... — — (22) (22)
Unused amounts reversed .......................... (286) — (28) (314)
Charged to profit and loss account .................... 397 119 250 766
Utilized during year ............................... (661) (21) (96) (778)
At December 31, 2003 .............................. 1,303 371 748 2,422
2003 2002
EURm EURm
Analysis of total provisions at December 31:
Non-current .......................................................... 593 460
Current ............................................................. 1,829 2,010
The IPR provision is based on estimated future settlements for asserted and unasserted past IPR
infringements. Final resolution of IPR claims generally occurs over several periods. This results in
varying usage of the provision year to year.
Other provisions mainly include provisions for non-cancelable purchase commitments, tax
provisions and a provision for social security costs on stock options.
28. Earnings per share
2003 2002 2001
Numerator/EURm
Basic/Diluted:
Net profit ........................................ 3,592 3,381 2,200
Denominator/1000 shares
Basic:
Weighted average shares ........................... 4,761,121 4,751,110 4,702,852
Effect of dilutive securities:
stock options ................................... 40 36,932 84,367
Diluted:
Adjusted weighted average shares and assumed
conversions .................................... 4,761,161 4,788,042 4,787,219
Under IAS 33, basic earnings per share is computed using the weighted average number of shares
outstanding during the period. Diluted earnings per share is computed using the weighted average
number of shares outstanding during the period plus the dilutive effect of stock options
outstanding during the period.
F-38