Nokia 2008 Annual Report Download - page 192

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14. Investments in associated companies
2008 2007
EURm EURm
Net carrying amount January 1 .............................................. 325 224
Translation differences ..................................................... (19)
Additions ............................................................... 24 19
Acquisitions . . ........................................................... 67
Deductions
(1)
............................................................ (239) (6)
Impairment . . ........................................................... (8) (7)
Share of results .......................................................... 644
Dividends ............................................................... (6) (12)
Other movements ........................................................ 13 (4)
Net carrying amount December 31 ........................................... 96 325
(1)
On December 2, 2008, the Group completed its acquisition of 52.1% of the outstanding common
stock of Symbian Ltd, a UKbased software licensing company. As a result of this acquisition, the
Group’s total ownership interest has increased from 47.9% to 100% of the outstanding common
stock of Symbian. See Note 8.
Shareholdings in associated companies are comprised of investments in unlisted companies in all
periods presented.
15. Availableforsale investments
Availableforsale investments included the following:
Current Noncurrent Current Noncurrent
2008 2007
EURm EURm EURm EURm
Fixed income and moneymarket investments carried at
fair value ...................................... 5 114 38 9 628
Available for sale investments in publicly quoted equity
shares ........................................ — 8—10
Other available for sale investments carried at fair value . . 225 — 184
Other available for sale investments carried at cost less
impairment .................................... 241 — 147
5 114 512 9 628 341
The current fixed income and money market investments, carried at fair value, included available for
sale liquid assets of EUR 1 272 million (EUR 4 903 million in 2007) and cash equivalents of EUR 3 842
million (EUR 4 725 million in 2007). See Note 35 for details of fixed income and money market
investments.
F48
Notes to the Consolidated Financial Statements (Continued)