Nokia 2008 Annual Report Download - page 148

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Nokia Corporation and Subsidiaries
Consolidated Balance Sheets
Notes 2008 2007
December 31
EURm EURm
ASSETS
Noncurrent assets
Capitalized development costs . . . ................................. 12 244 378
Goodwill..................................................... 12 6 257 1 384
Other intangible assets . . . ...................................... 12 3 913 2 358
Property, plant and equipment . . ................................. 13 2 090 1 912
Investments in associated companies . . . ........................... 14 96 325
Availableforsale investments . . . ................................. 15 512 341
Deferred tax assets . ........................................... 24 1 963 1 553
Longterm loans receivable ...................................... 16,35 27 10
Other noncurrent assets . . ...................................... 10 44
15 112 8 305
Current assets
Inventories. . ................................................. 17,19 2 533 2 876
Accounts receivable, net of allowances for doubtful accounts
(2008: EUR 415 million, 2007: EUR 332 million) ..................... 19,35 9 444 11 200
Prepaid expenses and accrued income. . . ........................... 18 4 538 3 070
Current portion of longterm loans receivable . . ...................... 35 101 156
Other financial assets ........................................... 26,35 1 034 239
Availableforsale investments, liquid assets . . . ...................... 15,35 1 272 4 903
Availableforsale investments, cash equivalents ...................... 15,32,35 3 842 4 725
Bank and cash ................................................ 32,35 1 706 2 125
24 470 29 294
Total assets ................................................. 39 582 37 599
SHAREHOLDERS’ EQUITY AND LIABILITIES
Capital and reserves attributable to equity holders of the parent
Share capital ................................................. 21 246 246
Share issue premium ........................................... 442 644
Treasury shares, at cost . . . ...................................... (1 881) (3 146)
Translation differences .......................................... 341 (163)
Fair value and other reserves ..................................... 20 62 23
Reserve for invested nonrestricted equity........................... 3 306 3 299
Retained earnings . . ........................................... 11 692 13 870
14 208 14 773
Minority interests ............................................ 2 302 2 565
Total equity ................................................. 16 510 17 338
Noncurrent liabilities
Longterm interestbearing liabilities............................... 23,35 861 203
Deferred tax liabilities .......................................... 24 1 787 963
Other longterm liabilities . ...................................... 69 119
2 717 1 285
Current liabilities
Current portion of longterm loans ................................ 35 13 173
Shortterm borrowings . . . ...................................... 35 3 578 714
Other financial liabilities . . ...................................... 26,35 924 184
Accounts payable . . . ........................................... 35 5 225 7 074
Accrued expenses. . . ........................................... 25 7 023 7 114
Provisions . . ................................................. 27 3 592 3 717
20 355 18 976
Total shareholders’ equity and liabilities ......................... 39 582 37 599
See Notes to Consolidated Financial Statements.
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