Nokia 2004 Annual Report Download - page 170
Download and view the complete annual report
Please find page 170 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
 |
 |
Notes to the Consolidated Financial Statements (Continued)
31. Leasing contracts (Continued)
The future costs for non-cancellable leasing contracts are as follows:
Operating
leases
Leasing payments, EURm ...................................................
2005 ................................................................ 175
2006 ................................................................ 137
2007 ................................................................ 94
2008 ................................................................ 78
2009 ................................................................ 70
Thereafter ............................................................ 57
Total ................................................................ 611
Rental expense amounted to EUR 236 million in 2004 (285 million in 2003 and EUR 384 million
in 2002).
32. Related party transactions
Nokia Pension Foundation is a separate legal entity that manages and holds in trust the assets for
the Group’s Finnish employee benefit plans; these assets include 0.008% of Nokia’s shares.
At December 31, 2004, the Group had borrowings amounting to EUR 62 million (EUR 64 million in
2003) from Nokia Unterst ¨
utzungskasse GmbH, the Group’s German pension fund, which is a
separate legal entity.
The Group recorded net rental expense of EUR 2 million in 2004 (EUR 2 million in 2003 and EUR 2
million in 2002) pertaining to a sale-leaseback transaction with the Nokia Pension Foundation
involving certain buildings and a lease of the underlying land.
There were no loans granted to top management at December 31, 2004 or 2003. See Note 5,
Personnel expenses, for officers and directors remunerations.
33. Associated companies
2004 2003 2002
EURm EURm EURm
Share of results of associated companies ............................ (26) (18) (19)
Dividend income ............................................... 231
Share of shareholders’ equity of associated companies ................. 37 18 30
Liabilities to associated companies ................................. 337
F-45