Nokia 2005 Annual Report Download - page 141

Nokia Corporation and Subsidiaries
Consolidated Balance Sheets
December 31
2005 2004
Notes As revised
EURm EURm
ASSETS
Non-current assets
Capitalized development costs ................................... 14 260 278
Goodwill ................................................... 14 90 90
Other intangible assets ........................................ 14 211 209
Property, plant and equipment .................................. 15 1,585 1,534
Investments in associated companies .............................. 16 193 200
Available-for-sale investments ................................... 17 246 169
Deferred tax assets ........................................... 27 692 623
Long-term loans receivable ..................................... 18 63 —
Other non-current assets ....................................... 758
3,347 3,161
Current assets
Inventories ................................................. 19, 21 1,668 1,305
Accounts receivable, net of allowances for doubtful accounts (2005:
EUR 281 million, 2004: EUR 361 million) .......................... 20, 21 5,346 4,382
Prepaid expenses and accrued income ............................. 20 1,938 1,429
Other financial assets ......................................... 89 595
Available-for-sale investments ................................... 17 — 255
Available-for-sale investments, liquid assets ......................... 17 6,852 9,085
Available-for-sale investments, cash equivalents ..................... 17, 35 1,493 1,367
Bank and cash .............................................. 35 1,565 1,090
18,951 19,508
Total assets ................................................ 22,298 22,669
SHAREHOLDERS’ EQUITY AND LIABILITIES
Capital and reserves attributable to equity holders of the parent
Share capital ................................................ 23 266 280
Share issue premium ......................................... 2,458 2,366
Treasury shares, at cost ........................................ (3,616) (2,022)
Translation differences ........................................ 69 (126)
Fair value and other reserves ................................... 22 (176) 13
Retained earnings ............................................ 25 13,154 13,720
12,155 14,231
Minority interests ........................................... 205 168
Total equity ................................................ 12,360 14,399
Non-current liabilities ........................................ 26
Long-term interest-bearing liabilities .............................. 21 19
Deferred tax liabilities ......................................... 27 151 179
Other long-term liabilities ...................................... 96 96
268 294
Current liabilities
Short-term borrowings ........................................ 28 377 215
Accounts payable ............................................ 3,494 2,669
Accrued expenses ............................................ 29 3,320 2,604
Provisions .................................................. 30 2,479 2,488
9,670 7,976
Commitments and contingencies ................................. 32
Total shareholders’ equity and liabilities ......................... 22,298 22,669
See Notes to Consolidated Financial Statements.
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