Nokia 2007 Annual Report Download - page 198
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25. Accrued expenses
2007 2006
EURm EURm
Social security, VAT and other taxes ......................................... 2024 966
Wages and salaries ..................................................... 865 250
Advance payments . ..................................................... 503 303
Other. . . .............................................................. 3 722 2 277
Total ................................................................. 7 114 3 796
Other operating expense accruals include various amounts which are individually insignificant.
26. Derivative financial instruments
Fair value
(1)
Notional
(2)
Fair value
(1)
Notional
(2)
2007
Assets
2007
Liabilities
EURm EURm EURm EURm
Hedges of net investment in foreign subsidiaries:
Forward foreign exchange contracts ........... 22 1 264 (6) 393
Currency options bought .................... —51——
Cash flow hedges:
Forward foreign exchange contracts ........... 89 15 718 (64) 12 062
Currency options bought .................... 20 7 618 ——
Currency options sold ....................... (25) 6872
Derivatives not designated in hedge accounting
relationships carried at fair value through profit
and loss:
Forward foreign exchange contracts ........... 22 2 831 (49) 4 456
Currency options bought .................... 4 1 530 ——
Interest rate futures ........................ 639——
Interest rate swaps......................... —43——
Cash settled equity options bought
(3)
............ 41 63 ——
Cash settled equity options sold
(3)
.............. ——(23) 40
204 29 157 (167) 23 823
F55
Notes to the Consolidated Financial Statements (Continued)