Nokia 2009 Annual Report Download - page 179

Nokia Corporation and Subsidiaries
Consolidated Statements of Cash Flows
Notes 2009 2008 2007
Financial Year Ended
December 31
EURm EURm EURm
Cash flow from operating activities
Profit attributable to equity holders of the parent . ............................ 891 3 988 7 205
Adjustments, total. . ................................................ 31 3 390 3 024 1 159
Change in net working capital . . . ...................................... 31 140 (2 546) 605
Cash generated from operations . . . ...................................... 4 421 4 466 8 969
Interest received . . . ................................................ 125 416 362
Interest paid ..................................................... (256) (155) (59)
Other financial income and expenses, net received ........................... (128) 250 67
Income taxes paid, net received . . ...................................... (915) (1 780) (1 457)
Net cash from operating activities ...................................... 3 247 3 197 7 882
Cash flow from investing activities
Acquisition of Group companies, net of acquired cash . . . ....................... (29) (5 962) 253
Purchase of current availableforsale investments, liquid assets . .................. (2 800) (669) (4 798)
Purchase of investments at fair value through profit and loss, liquid assets . . . ........ (695) ——
Purchase of noncurrent availableforsale investments . . ....................... (95) (121) (126)
Purchase of shares in associated companies ................................. (30) (24) (25)
Additions to capitalized development costs . ................................. (27) (131) (157)
Longterm loans made to customers ...................................... —— (261)
Proceeds from repayment and sale of longterm loans receivable .................. —129 163
Proceeds from (+) / payment of () other longterm receivables . . .................. 2(1) 5
Proceeds from (+) / payment of () shortterm loans receivable . . .................. 2(15) (119)
Capital expenditures . . ................................................ (531) (889) (715)
Proceeds from disposal of shares in associated companies ....................... 40 36
Proceeds from disposal of businesses ...................................... 61 41 —
Proceeds from maturities and sale of current availableforsale investments, liquid
assets .......................................................... 1 730 4 664 4 930
Proceeds from maturities and sale of investments at fair value through profit and loss,
liquid assets . ..................................................... 108 ——
Proceeds from sale of noncurrent availableforsale investments .................. 14 10 50
Proceeds from sale of fixed assets . . ...................................... 100 54 72
Dividends received . . . ................................................ 2612
Net cash used in investing activities..................................... (2 148) (2 905) (710)
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