Nokia 2005 Annual Report Download - page 174
Download and view the complete annual report
Please find page 174 of the 2005 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
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
 |
 |
Notes to the Consolidated Financial Statements (Continued)
17. Available-for-sale investments (Continued)
discounted cash flows of the underlying net assets. Gains and losses arising from the change in the
fair value of available-for-sale investments are recognized directly in Fair value and Other
Reserves.
Available-for-sale investments comprise: (1) highly liquid, interest-bearing investments with
maturities at acquisition of longer than 3 months, which are regarded as current available-for-sale
investments, liquid assets, (2) similar types of investments as in category (1), but with maturities
at acquisition of less than 3 months, which are regarded as current available-for-sale investments,
cash equivalents. The remaining part of the available-for-sale investments portfolio is classified as
non-current. See Note 38 for details of these investments.
18. Long-term loans receivable
Long-term loans receivable, consisting of loans made to suppliers and to customers principally to
support their financing of network infrastructure and services or working capital, net of
allowances and write-offs amounts (Note 9), are repayable as follows:
2005 2004
EURm EURm
Under 1 year ......................................................... 56 —
Between 1 and 2 years ................................................. ——
Between 2 and 5 years ................................................. 7—
Over 5 years .......................................................... ——
63 —
19. Inventories
2005 2004
EURm EURm
Raw materials, supplies and other ........................................ 361 326
Work in progress ..................................................... 685 477
Finished goods ....................................................... 622 502
Total ............................................................... 1,668 1,305
20. Receivables and prepaids
Accounts receivable include EUR 166 million (EUR 118 million in 2004) due more than 12 months
after the balance sheet date.
Prepaid expenses and accrued income consists of VAT and other tax receivables, prepaid pension
costs, accrued interest income and other accrued income, but no amounts which are individually
significant.
F-36