Nokia 2009 Annual Report Download - page 211

8. Acquisitions (Continued)
The following table summarizes the estimated fair values of the assets acquired and liabilities
assumed at the date of acquisition.
Carrying Amount Fair Value Useful lives
EURm EURm
Goodwill ........................................... 114 3673
Intangible assets subject to amortization:
Map database ....................................... 5 1389 5years
Customer relationships................................ 22 388 4years
Developed technology ................................ 8 110 4years
License to use trade name and trademark ................ 7 57 6years
Capitalized development costs .......................... 22 —
Other intangible assets ............................... 4 7
68 1 951
Property, plant & equipment ........................... 84 83
Deferred tax assets ................................... 262 148
Availableforsale investments .......................... 36 36
Other noncurrent assets .............................. 6 6
Noncurrent assets ................................... 456 2224
Inventories ......................................... 3 3
Accounts receivable .................................. 94 94
Prepaid expenses and accrued income ................... 36 36
Availableforsale investments, liquid assets ............... 140 140
Availableforsale investments, cash equivalents............ 97 97
Bank and cash ...................................... 57 57
Current Assets ....................................... 427 427
Total assets acquired ................................ 997 6 324
Deferred tax liabilities ................................ 46 786
Other longterm liabilities ............................. 54 39
Noncurrent liabilities................................. 100 825
Accounts payable .................................... 29 29
Accrued expenses .................................... 96 120
Provisions .......................................... 5 8
Current liabilities .................................... 130 157
Total liabilities assumed ............................. 230 982
Net assets acquired ................................. 767 5 342
The goodwill of EUR 3 673 million has been allocated to the NAVTEQ segment. The goodwill is
attributable to assembled workforce and the synergies expected to arise subsequent to the
acquisition including acceleration of the Group’s internet services strategy. None of the goodwill
acquired is expected to be deductible for income tax purposes.
Symbian
On December 2, 2008, the Group completed its acquisition of 52.1% of the outstanding common stock
of Symbian Ltd. As a result of this acquisition, the Group’s total ownership interest in Symbian has
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Notes to the Consolidated Financial Statements (Continued)