Nokia 2006 Annual Report Download - page 173
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Notes to the Consolidated Financial Statements (Continued)
16. Availableforsale investments (Continued)
equivalents. The remaining part of the availableforsale investments portfolio is classified as non
current. See Note 37 for details of fixed income and money market investments.
17. Longterm loans receivable
Longterm 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 writeoffs amounts (Note 8), are repayable as follows:
2006 2005
EURm EURm
Under 1 year******************************************************************** —56
Between 1 and 2 years*********************************************************** 7—
Between 2 and 5 years*********************************************************** 12 7
Over 5 years ******************************************************************** ——
19 63
18. Inventories
2006 2005
EURm EURm
Raw materials, supplies and other ********************************************* 360 361
Work in progress ************************************************************ 600 685
Finished goods ************************************************************** 594 622
Total *********************************************************************** 1 554 1 668
19. Accounts receivables and prepaid expenses and accrued income
Accounts receivable include EUR 115 million (EUR 166 million in 2005) due more than 12 months
after the balance sheet date.
Prepaid expenses and accrued income primarily consists of VAT and other tax receivables. Prepaid
expenses and accrued income also include prepaid pension costs, accrued interest income and other
accrued income, but no amounts which are individually significant.
20. Valuation and qualifying accounts
Balance at Charged to Balance
beginning cost and at end
Allowances on assets to which they apply: of year expenses Deductions(1) of year
EURm EURm EURm EURm
2006
Allowance for doubtful accounts ******************* 281 70 (139) 212
Excess and obsolete inventory ********************* 176 353 (311) 218
2005
Allowance for doubtful accounts ******************* 361 80 (160) 281
Excess and obsolete inventory(2) ******************* 172 376 (372) 176
2004
Allowance for doubtful accounts ******************* 367 155 (161) 361
Excess and obsolete inventory ********************* 188 308 (324) 172
(1) Deductions include utilization and releases of the allowances.
F38