Nokia 2005 Annual Report Download - page 205

Notes to the Consolidated Financial Statements (Continued)
39. Differences between International Financial Reporting Standards and US Generally
Accepted Accounting Principles (Continued)
2004 2003
2005 As revised(1) As revised(1)
EURm EURm EURm
Presentation of comprehensive income under US GAAP:
Other comprehensive income (loss):
Foreign currency translation adjustment ................. 272 (67) (273)
Additional minimum liability, net of tax of EUR 5 million in
2005 and EUR 2 million in 2003 ..................... (8) —3
Net losses on cash flow hedges, net of tax of EUR 43 million
in 2005 (EUR 8 million in 2004 and EUR 4 million in 2003) . (122) (23) (4)
Net unrealized (losses) gains on securities:
Net unrealized holding (losses) gains during the year, net
of tax of EUR 6 million in 2005 (EUR 2 million in 2004
and EUR 11 million in 2003) ...................... (81) 271
Transfer to profit and loss account on impairment ....... 911 27
Less: Reclassification adjustment on disposal, net of tax of
EUR 0 million in 2005 (EUR 10 million in 2004 and
EUR 14 million in 2003) ........................... (3) (95) (27)
Other comprehensive income (loss) ....................... 67 (172) (203)
Comprehensive income under US GAAP .................... 3,649 3,171 3,894
F-67