Nokia 2008 Annual Report Download - page 206
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25. Accrued expenses (Continued)
Other operating expense accruals include dererred service revenue, accrued discounts, royalties and
marketing expenses as well as various amounts which are individually insignificant.
26. Derivative financial instruments
Fair value
(1)
Notional
(2)
Fair value
(1)
Notional
(2)
2008
Assets
2008
Liabilities
EURm EURm EURm EURm
Hedges of net investment in foreign subsidiaries:
Forward foreign exchange contracts ........... 80 1 045 (14) 472
Currency options bought .................... 30 724 ——
Currency options sold ....................... ——(44) 768
Cash flow hedges:
Forward foreign exchange contracts ........... 562 14 577 (445) 11 792
Currency options bought .................... ————
Currency options sold ....................... ————
Derivatives not designated in hedge accounting
relationships carried at fair value through profit
and loss:
Forward foreign exchange contracts ........... 322 7 817 (416) 7 370
Currency options bought .................... 6 201 ——
Currency options sold ....................... ——(5) 186
Interest rate futures ........................ 621——
Interest rate swaps......................... 7 618 ——
Cash settled equity options bought
(3)
.......... 125——
Cash settled equity options sold
(3)
............. ——— (13)
1 014 25 028 (924) 20 575
F62
Notes to the Consolidated Financial Statements (Continued)