Nokia 2005 Annual Report Download - page 185

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Notes to the Consolidated Financial Statements (Continued)
24. Share-based payment (Continued)
No Restricted Shares vested during the year.
Other equity plans for employees
The Group also sponsors other immaterial equity plans for employees.
Total compensation cost related to unvested awards
As of December 31, 2005, there was EUR 287 million of total deferred compensation cost related to
nonvested share-based compensation arrangements granted under the company’s plans, including
deferred compensation recorded related to other social costs. That cost is expected to be
recognized over a weighted average period of 2.89 years. The total fair value of shares vested
during the years ended December 31, 2005, 2004 and 2003 was EUR 150 million, EUR 242 million
and EUR 300 million, respectively.
25. Distributable earnings
2005
EURm
Retained earnings .......................................................... 13,154
Translation differences (distributable earnings) ................................... (176)
Treasury shares ............................................................ (3,616)
Other non-distributable items
Portion of untaxed reserves ................................................ 91
Distributable earnings December 31 ............................................ 9,453
Retained earnings under IFRS and Finnish Accounting Standards (FAS) are substantially the same.
Distributable earnings are calculated based on Finnish legislation.
F-47