Nokia 2004 Annual Report Download - page 152
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Notes to the Consolidated Financial Statements (Continued)
10. Depreciation and amortization
2004 2003 2002
EURm EURm EURm
Depreciation and amortization by asset category
Intangible assets
Capitalized development costs ................................... 244 327 233
Intangible rights .............................................. 38 51 65
Goodwill .................................................... 96 159 206
Other intangible assets ......................................... 30 21 28
Property, plant and equipment
Buildings and constructions ..................................... 32 34 37
Machinery and equipment ...................................... 426 545 737
Other tangible assets .......................................... 215
Total ......................................................... 868 1,138 1,311
Depreciation and amortization by function
Cost of sales ................................................... 196 214 314
R&D.......................................................... 431 537 473
Selling, marketing and administration .............................. 137 185 211
Other operating expenses ......................................... 843 107
Goodwill ...................................................... 96 159 206
Total ......................................................... 868 1,138 1,311
11. Financial income and expenses
2004 2003 2002
EURm EURm EURm
Income from available-for-sale investments
Dividend income .............................................. 22 24 25
Interest income ............................................... 299 323 230
Other financial income ........................................... 178 38 27
Exchange gains and losses ........................................ 832 (29)
Interest expense ................................................ (22) (25) (43)
Other financial expenses ......................................... (80) (40) (54)
Total ......................................................... 405 352 156
During 2004, Nokia sold approximately 69% of its original holdings in the subordinated convertible
perpetual bonds issued by France Telecom. As a result, the Group booked a total net gain of
EUR 106 million in other financial income, of which EUR 104 million was recycled from Fair Value
and Other Reserves. See Notes 16 and 21.
F-27