Nokia 2004 Annual Report Download - page 180

Notes to the Consolidated Financial Statements (Continued)
37. Differences between International Financial Reporting Standards and U.S. Generally
Accepted Accounting Principles (Continued)
2004 2003 2002
EURm EURm EURm
Presentation of comprehensive income under U.S. GAAP:
Other comprehensive income:
Foreign currency translation adjustment net of tax of EUR 0 million
(EUR 0 million in 2003 and EUR 14 million in 2002) ................ (67) (273) (465)
Additional minimum liability, net of tax of EUR –2 million in 2003 and
EUR 2 million in 2002 ........................................ —3 (3)
Net gains (losses) on cash flow hedges, net of tax of EUR 8 million
(EUR 4 million in 2003 and EUR –7 million in 2002) ................ (23) (4) 56
Net unrealized (losses) gains on securities:
Net unrealized holding (losses) gains during the year, net of tax of
EUR –2 million in 2004 (EUR –11 million in 2003 and EUR –16
million in 2002) ........................................... 271 (78)
Transfer to profit and loss account on impairment, net of tax of EUR 0
million in 2004, 2003 and 2002 .............................. 11 27 67
Less: Reclassification adjustment on disposal, net of tax of EUR 10
million in 2004 (EUR 14 million in 2003 and EUR 0 million in 2002) . (95) (27) 1
Other comprehensive income ..................................... (172) (203) (422)
Comprehensive income .......................................... 3,171 3,894 3,181
2004 2003
EURm EURm
Reconciliation of shareholders’ equity:
Total shareholders’ equity reported under IFRS ............................ 14,238 15,148
U.S. GAAP adjustments:
Pension expense .................................................. (49) (49)
Additional minimum liability ........................................ ——
Development costs ................................................. (57) (99)
Marketable securities and unlisted investments .......................... 35 49
Provision for social security cost on stock options ........................ 614
Deferred compensation ............................................. (50) (10)
Share issue premium .............................................. 247 186
Stock compensation ................................................ (197) (176)
Acquisition purchase price .......................................... 23
Amortization of identifiable intangible assets acquired .................... (62) (51)
Impairment of identifiable intangible assets acquired ..................... (47) —
Amortization of goodwill ........................................... 502 396
Impairment of goodwill ............................................ 255 255
Translation of goodwill ............................................. (319) (293)
Deferred tax effect of U.S. GAAP adjustments ............................ 72 64
Total shareholders’ equity under U.S. GAAP ............................... 14,576 15,437
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