Nokia 2005 Annual Report Download - page 189
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Notes to the Consolidated Financial Statements (Continued)
31. Earnings per share
2004 2003
2005 As revised As revised
Numerator/EURm
Basic/Diluted:
Profit attributable to equity holders of the parent ........ 3,616 3,192 3,543
Denominator/1000 shares
Basic:
Weighted average shares ........................... 4,365,547 4,593,196 4,761,121
Effect of dilutive securities:
stock options, restricted shares and performance shares . 5,692 7,141 40
Diluted:
Adjusted weighted average shares and assumed
conversions .................................... 4,371,239 4,600,337 4,761,160
Under IAS 33, basic earnings per share is computed using the weighted average number of shares
outstanding during the period. Diluted earnings per share is computed using the weighted average
number of shares outstanding during the period plus the dilutive effect of stock options, restricted
shares and performance shares outstanding during the period.
32. Commitments and contingencies
2005 2004
EURm EURm
Collateral for our own commitments
Property under mortgages ............................................... 18 18
Assets pledged ........................................................ 10 11
Contingent liabilities on behalf of Group companies
Other guarantees ...................................................... 276 275
Contingent liabilities on behalf of other companies
Guarantees for loans(1) .................................................. —3
Other guarantees ...................................................... 22
Financing commitments
Customer finance commitments(1) ......................................... 13 56
(1) See also Note 38 b.
The amounts above represent the maximum principal amount of commitments and contingencies.
Property under mortgages given as collateral for our own commitments include mortgages given
to the Finnish National Board of Customs as a general indemnity of EUR 18 million in 2005
(EUR 18 million in 2004).
Assets pledged for the Group’s own commitments include available-for-sale investments of
EUR 10 million in 2005 (EUR 11 million of available-for-sale investments in 2004).
Other guarantees include guarantees of Nokia’s performance of EUR 234 million in 2005
(EUR 223 million in 2004). However, EUR 182 million of these guarantees are provided to certain
Networks’ customers in the form of bank guarantees, standby letters of credit and other similar
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