Nokia 2008 Annual Report Download - page 177

7. Impairment (Continued)
The key assumptions applied in the valueinuse calculation for each CGU are presented in the table
below:
Devices &
Services NSN NAVTEQ
Cashgenerating unit
%%%
Terminal growth rate ........................................... 2.28 1.00 5.00
Pretax discount rate ........................................... 12.35 14.86 10.92
The goodwill impairment testing analyses conducted for each of the Group’s CGUs for the years ended
December 31, 2008, 2007 and 2006 have not resulted in any impairment charges.
8. Acquisitions
Acquisitions completed in 2008
NAVTEQ
On July 10, 2008, the Group completed its acquisition of all of the outstanding common stock of
NAVTEQ. Based in Chicago, NAVTEQ is a leading provider of comprehensive digital map information for
automotive systems, mobile navigation devices, Internetbased mapping applications, and
government and business solutions. The Group will use NAVTEQ’s industry leading maps data, to add
context—time, place, people—to web services optimized for mobility.
The total cost of the acquisition was EUR 5 342 million and consisted of cash paid of EUR 2 772
million, debt issued of EUR 2 539 million, costs directly attributable to the acquisition of
EUR 12 million and consideration attributable to the vested portion of replacement sharebased
payment awards of EUR 19 million.
F33
Notes to the Consolidated Financial Statements (Continued)