Nokia 2005 Annual Report Download - page 142

Nokia Corporation and Subsidiaries
Consolidated Cash Flow Statements
Financial year ended
December 31
2004 2003
Notes 2005 As revised As revised
EURm EURm EURm
Cash flow from operating activities
Profit attributable to equity holders of the parent ....... 3,616 3,192 3,543
Adjustments, total .............................. 35 1,774 2,059 2,992
Profit attributable to equity holders of the parent before
change in net working capital .................... 5,390 5,251 6,535
Change in net working capital .................... 35 (366) 241 (184)
Cash generated from operations ..................... 5,024 5,492 6,351
Interest received ............................... 353 204 256
Interest paid .................................. (26) (26) (33)
Other financial income and expenses, net received .... 47 41 118
Income taxes paid .............................. (1,254) (1,368) (1,440)
Net cash from operating activities .................. 4,144 4,343 5,252
Cash flow from investing activities
Acquisition of Group companies ..................... (92) — (7)
Purchase of current available-for-sale investments,
liquid assets ................................... (7,277) (10,318) (11,695)
Purchase of non-current available-for-sale investments . . (89) (388) (282)
Purchase of shares in associated companies ........... (16) (109) (61)
Additions to capitalized development costs ............ (153) (101) (218)
Long-term loans made to customers ................. (56) — (97)
Proceeds from repayment and sale of long-term loans
receivable ..................................... —368 315
Proceeds from (+)/payment of (-) other long-term
receivables .................................... 14 2 (18)
Proceeds from short-term loans receivable ............ 182 66 63
Capital expenditures .............................. (607) (548) (432)
Proceeds from disposal of shares in Group companies,
net of disposed cash ............................ 51—
Proceeds from disposal of shares in associated companies 18 ——
Proceeds from disposal of businesses ................. 95 ——
Proceeds from maturities and sale of current available-
for-sale investments, liquid assets .................. 9,402 9,737 8,793
Proceeds from sale of current available-for-sale
investments ................................... 247 587 —
Proceeds from sale of non-current available-for-sale
investments ................................... 3346 381
Proceeds from sale of fixed assets ................... 167 619
Dividends received ............................... 122 24
Net cash from (used in) investing activities .......... 1,844 (329) (3,215)
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