Nokia 2004 Annual Report Download - page 167
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Notes to the Consolidated Financial Statements (Continued)
27. Accrued expenses
2004 2003
EURm EURm
Social security, VAT and other taxes ...................................... 450 501
Wages and salaries .................................................... 209 170
Prepaid income ....................................................... 293 276
Other ............................................................... 1,654 1,521
Total ............................................................... 2,606 2,468
28. Provisions
IPR
Warranty infringements Other Total
EURm EURm EURm EURm
At January 1, 2004 ............................... 1,303 371 748 2,422
Exchange differences .............................. (6) — — (6)
Additional provisions .............................. 751 96 653 1,500
Change in fair value ............................... — — (8) (8)
Unused amounts reversed .......................... (233) (74) (187) (494)
Charged to profit and loss account ................... 518 22 458 998
Utilized during year ............................... (598) (35) (302) (935)
At December 31, 2004 .............................. 1,217 358 904 2,479
2004 2003
EURm EURm
Analysis of total provisions at December 31:
Non-current ........................................................ 726 593
Current ........................................................... 1,753 1,829
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 include tax provisions of EUR 364 million at December 31, 2004 (EUR 185 million
in 2003). Other items within Other provisions include provisions for non-cancelable purchase
commitments, provision for social security costs on stock options and provision for losses on
projects in progress.
F-42