Nokia 2009 Annual Report Download - page 212

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8. Acquisitions (Continued)
increased from 47.9% to 100% of the outstanding common stock of Symbian. A UKbased software
licensing company, Symbian developed and licensed Symbian OS, the marketleading open operating
system for mobile phones. The acquisition of Symbian is a fundamental step in the establishment of
the Symbian Foundation.
The Group contributed the Symbian OS and S60 software to the Symbian Foundation for the purpose
of creating a unified mobile software platform with a common UI framework. The goal of the
Symbian Foundation is to extend the appeal of the platform among all partners, including developers,
mobile operators, content and service providers and device manufacturers. The unified platform will
promote innovation and accelerate the availability of new services and experiences for consumers and
business users around the world. A full platform was available for all Foundation members under a
royaltyfree license, from the Foundation’s first day of operations.
The acquisition of Symbian was achieved in stages through successive share purchases at various
times from the formation of the company. Thus, the amount of goodwill arising from the acquisition
has been determined via a stepbystep comparison of the cost of the individual investments in
Symbian with the acquired interest in the fair values of Symbian’s identifiable net assets at each
stage. Revaluation of the Group’s previously held interests in Symbian’s identifiable net assets is
recognised as a revaluation surplus in equity. Application of the equity method has been reversed
such that the carrying amount of the Group’s previously held interests in Symbian have been adjusted
to cost. The Group’s share of changes in Symbian’s equity balances after each stage are included in
equity.
The total cost of the acquisition was EUR 641 million consisting of cash paid of EUR 435 million, costs
directly attributable to the acquisition of EUR 6 million and investments in Symbian from previous
exchange transactions of EUR 200 million.
F38
Notes to the Consolidated Financial Statements (Continued)