Nokia 2005 Annual Report Download - page 217

Notes to the Consolidated Financial Statements (Continued)
39. Differences between International Financial Reporting Standards and US Generally
Accepted Accounting Principles (Continued)
Pension expense
For its single-employer defined benefit pension schemes, net periodic pension cost included in the
Group’s US GAAP net income for the years ended December 31, 2005, 2004 and 2003, includes the
following components:
2005 2004 2003
EURm EURm EURm
Service cost—benefits earned during the year(1) ........................ 69 62 54
Interest on projected benefit obligation .............................. 58 56 46
Expected return on assets ......................................... (64) (56) (55)
Amortization of prior service cost ................................... 322
Recognized net actuarial (gain) loss ................................. 5(5) 1
Amortization of transition asset .................................... 111
Transfer from central pool ........................................ (24) ——
Curtailment .................................................... ——1
Net periodic pension cost .......................................... 48 60 50
(1) Excludes premiums associated with pooled benefits.
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