Nokia 2008 Annual Report Download - page 195

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20. Fair value and other reserves
Gross Tax Net Gross Tax Net Gross Tax Net
Hedging reserve, EURm
Availableforsale
investments, EURm Total, EURm
Balance at December 31, 2005 .. (163) 42 (121) (56) 1 (55) (219) 43 (176)
Cash flow hedges:
Net fair value gains/(losses) .... 61 (16) 45 — — — 61 (16) 45
Transfer of (gains)/losses to
profit and loss account as
adjustment to Net Sales ..... (243) 68 (175) — — — (243) 68 (175)
Transfer of (gains)/losses to
profit and loss account as
adjustment to Cost of Sales . . 414 (113) 301 — — — 414 (113) 301
Availableforsale Investments:
Net fair value gains/(losses) .... — — — (42) 1 (41) (42) 1 (41)
Transfer to profit and loss
account on impairment ..... — — — 18 — 18 18 — 18
Transfer of net fair value
(gains)/losses to profit and
loss account on disposal ..... —— — 14 — 14 14 — 14
Balance at December 31, 2006 .. 69 (19) 50 (66) 2 (64) 3 (17) (14)
Cash flow hedges:
Net fair value gains/(losses) .... 29 (7) 22 — — — 29 (7) 22
Transfer of (gains)/losses to
profit and loss account as
adjustment to Net Sales ..... (687) 186 (501) — — — (687) 186 (501)
Transfer of (gains)/losses to
profit and loss account as
adjustment to Cost of Sales . . 643 (175) 468 — — — 643 (175) 468
Availableforsale Investments:
Net fair value gains/(losses) .... — — — 32 (1) 31 32 (1) 31
Transfer to profit and loss
account on impairment ..... — — — 29 — 29 29 — 29
Transfer of net fair value
(gains)/losses to profit and
loss account on disposal ..... —— — (12) — (12) (12) — (12)
Balance at December 31, 2007 .. 54 (15) 39 (17) 1 (16) 37 (14) 23
F51
Notes to the Consolidated Financial Statements (Continued)