Nokia 2008 Annual Report Download - page 149

Download and view the complete annual report

Please find page 149 of the 2008 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 227

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227

Nokia Corporation and Subsidiaries
Consolidated Cash Flow Statements
Notes 2008 2007 2006
Financial Year Ended
December 31
EURm EURm EURm
Cash flow from operating activities
Profit attributable to equity holders of the parent . ............................ 3 988 7 205 4 306
Adjustments, total. . ................................................ 32 3 469 1 269 1 857
Change in net working capital . . . ...................................... 32 (2 546) 605 (793)
Cash generated from operations . . . ...................................... 4 911 9 079 5 370
Interest received . . . ................................................ 416 362 235
Interest paid ..................................................... (155) (59) (18)
Other financial income and expenses, net received ........................... (195) (43) 54
Income taxes paid, net received . . ...................................... (1 780) (1 457) (1 163)
Net cash from operating activities ...................................... 3 197 7 882 4 478
Cash flow from investing activities
Acquisition of Group companies, net of acquired cash . . . ....................... (5 962) 253 (517)
Purchase of current availableforsale investments, liquid assets . .................. (669) (4 798) (3 219)
Purchase of noncurrent availableforsale investments . . ....................... (121) (126) (88)
Purchase of shares in associated companies ................................. (24) (25) (15)
Additions to capitalized development costs . ................................. (131) (157) (127)
Longterm loans made to customers ...................................... —(261) (11)
Proceeds from repayment and sale of longterm loans receivable .................. 129 163 56
Recovery of impaired longterm loans made to customers ....................... —— 276
Proceeds from (+) / payment of () other longterm receivables. . .................. (1) 5(3)
Proceeds from (+) / payment of () shortterm loans receivable . . .................. (15) (119) 199
Capital expenditures . . ................................................ (889) (715) (650)
Proceeds from disposal of shares in associated companies ....................... 361
Proceeds from disposal of businesses ...................................... 41 ——
Proceeds from maturities and sale of current availableforsale investments, liquid
assets .......................................................... 4 664 4 930 5 058
Proceeds from sale of noncurrent availableforsale investments .................. 10 50 17
Proceeds from sale of fixed assets . . ...................................... 54 72 29
Dividends received . . . ................................................ 612 —
Net cash from (used in) investing activities ............................... (2 905) (710) 1 006
F5