Nokia 2004 Annual Report Download - page 78

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5.D Trends
Please see ‘‘Item 5.A Operating Results—Overview’’ for information on material trends affecting
our business and results of operations.
5.E Off-Balance Sheet Arrangements
There are no off-balance sheet arrangements that have or are reasonably likely to have a current
or future effect on our financial condition, changes in financial condition, revenues or expenses,
results of operations, liquidity, capital expenditures or capital resources that is material to
investors.
5.F Tabular Disclosure of Contractual Obligations
The following table sets forth our contractual obligations for the periods indicated.
Contractual Obligations Payments Due by Period
2005 2006-2007 2008-2009 Thereafter Total
(EUR millions)
Long-term debt .......................... — — — 115 115
Operating leases ......................... 175 231 78 127 611
Inventory purchases ...................... 1 225 11 — — 1 236
Total .................................. 1 400 242 78 242 1 962
Nokia does not believe it has material funding requirements for its fully-funded domestic defined
benefit pension plans, which represent a majority of all its pension obligations. Benefit payments
related to the underfunded foreign defined benefit plans are not expected to be material in the
future. Therefore, these amounts have not been included in the table above for any of the years
presented.
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