Nokia 2004 Annual Report Download - page 128
Download and view the complete annual report
Please find page 128 of the 2004 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.-
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
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
 |
 |
Nokia Corporation and Subsidiaries
Consolidated Balance Sheets
December 31
2004 2003
Notes As restated
EURm EURm
ASSETS
Fixed assets and other non-current assets
Capitalized development costs ................................. 13 278 537
Goodwill ................................................. 13 90 186
Other intangible assets ...................................... 13 209 185
Property, plant and equipment ................................ 14 1,534 1,566
Investments in associated companies ............................ 15 200 76
Available-for-sale investments ................................. 16 169 121
Deferred tax assets ......................................... 25 623 743
Long-term loans receivable ................................... 17 — 354
Other non-current assets ..................................... 58 69
3,161 3,837
Current assets
Inventories ............................................... 18, 20 1,305 1,169
Accounts receivable, net of allowances for doubtful accounts
(2004: EUR 361 million, 2003: EUR 367 million) ................... 19, 20 4,382 5,231
Prepaid expenses and accrued income ........................... 19 1,429 1,106
Other financial assets ....................................... 595 465
Available-for-sale investments ................................. 16 255 816
Available-for-sale investments, liquid assets ....................... 16 9,085 8,512*
Available-for-sale investments, cash equivalents .................... 16, 35 1,367 1,639*
Bank and cash ............................................. 35 1,090 1,145
19,508 20,083
Total assets .............................................. 22,669 23,920
SHAREHOLDERS’ EQUITY AND LIABILITIES
Shareholders’ equity
Share capital .............................................. 22 280 288
Share issue premium ........................................ 2,272 2,272
Treasury shares, at cost ...................................... (2,022) (1,373)
Translation differences ...................................... (126) (85)
Fair value and other reserves ................................. 21 69 93
Retained earnings .......................................... 23 13,765 13,953
14,238 15,148
Minority interests ......................................... 168 164
Long-term liabilities ....................................... 24
Long-term interest-bearing liabilities ............................ 19 20
Deferred tax liabilities ....................................... 25 179 241
Other long-term liabilities .................................... 96 67
294 328
Current liabilities
Short-term borrowings ...................................... 26 215 387
Current portion of long-term debt .............................. —84
Accounts payable .......................................... 2,669 2,919
Accrued expenses .......................................... 27 2,606 2,468
Provisions ................................................ 28 2,479 2,422
7,969 8,280
Commitments and contingencies ............................... 30
Total shareholders’ equity and liabilities ....................... 22,669 23,920
* For items restated see Note 2.
See Notes to Consolidated Financial Statements.
F-3