Nokia 2006 Annual Report Download - page 183
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Notes to the Consolidated Financial Statements (Continued)
23. Sharebased payment (Continued)
(2) Includes a minor number of restricted shares granted under other employee equity plans than the
global plans.
Other equity plans for employees
The Group also sponsors other immaterial equity plans for employees which do not increase the
share capital at Nokia.
Total compensation cost related to all unvested equitybased incentive awards
As of December 31, 2006, there was EUR 279 million of total deferred compensation cost related to
unvested sharebased compensation arrangements granted under the company’s plans. That cost is
expected to be recognized over a weighted average period of 2.04 years. The total fair value of
shares vested during the years ended December 31, 2006, 2005 and 2004 was EUR 81 million,
EUR 30 million and EUR 32 million, respectively.
24. Distributable earnings
2006
EURm
Retained earnings******************************************************************* 11 123
Translation differences (distributable earnings) ***************************************** (282)
Treasury shares ********************************************************************* (2 060)
Other nondistributable items:
Portion of untaxed reserves ********************************************************** 115
Distributable earnings December 31 *************************************************** 8 896
Retained earnings under IFRS and Finnish Accounting Standards (FAS) are substantially the same.
Distributable earnings are calculated based on Finnish legislation.
25. Longterm liabilities
Longterm loans are repayable as follows:
Repayment
Outstanding date beyond Outstanding
December 31, 2006 5 years December 31, 2005
EURm EURm EURm
Longterm interestbearing liabilities *********** 69 69 21
Other longterm liabilities********************* 122 122 96
191 191 117
Deferred tax liabilities ************************ 205 151
Total longterm liabilities ********************* 396 268
The longterm liabilities, excluding deferred tax liabilities as of December 31, 2006, all mature in
more than 5 years.
The currency mix of the Group longterm liabilities at December 31, 2006 was as follows:
EUR USD
97.00% 3.00%
F48