Nokia 2004 Annual Report Download - page 149

Notes to the Consolidated Financial Statements (Continued)
7. Selling and marketing expenses, administration expenses and other operating income and
expenses
2004 2003 2002
EURm EURm EURm
Selling and marketing expenses .................................. (2,552) (2,649) (2,579)
Administration expenses ....................................... (604) (630) (701)
Other operating expenses ....................................... (162) (384) (292)
Other operating income ........................................ 343 300 333
Total ....................................................... (2,975) (3,363) (3,239)
Other operating income for 2004 includes a gain of EUR 160 million representing the premium
return under a multi-line, multi-year insurance program, which expired during 2004. The return
was due to our low claims experience during the policy period.
Other operating income for 2003 includes a gain of EUR 56 million on the sale of the remaining
shares of Nokian Tyres Ltd. In 2003, Nokia Networks recorded a charge of EUR 80 million for
personnel expenses and other costs in connection with the restructuring taken in light of general
downturn in market conditions, of which EUR 15 million was paid during 2003.
Other operating income for 2002 includes a gain of EUR 106 million relating to the sale of Nokia’s
investment in PayPal. Other operating expenses for 2002 are composed of various items which are
individually insignificant.
The Group expenses advertising and promotion costs as incurred. Advertising and promotional
expenses were EUR 1,144 million in 2004 (1,414 million in 2003 and EUR 1,174 million in 2002).
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