Nokia 2007 Annual Report Download - page 187

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16. Longterm loans receivable (Continued)
approximates the carrying value. See Note 35 for longterm and shortterm portion and related
maturities.
17. Inventories
2007 2006
EURm EURm
Raw materials, supplies and other ......................................... 591 360
Work in progress . . ..................................................... 1060 600
Finished goods ......................................................... 1225 594
Total ................................................................. 2 876 1 554
18. Prepaid expenses and accrued income
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.
19. Valuation and qualifying accounts
Allowances on assets to which they apply:
Balance at
beginning
of year
Charged to
cost and
expenses Deductions
(1)
Acquisitions
Balance
at end
of year
EURm EURm EURm EURm EURm
2007
Allowance for doubtful accounts ....... 212 38 (72) 154 332
Excess and obsolete inventory......... 218 145 (202) 256 417
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......... 172 376 (372) 176
(1)
Deductions include utilization and releases of the allowances.
F44
Notes to the Consolidated Financial Statements (Continued)