Nokia 2009 Annual Report Download - page 217

8. Acquisitions (Continued)
The amount of the loss specifically attributable to the business acquired from Siemens since the
acquisition date included in the Group’s profit for the period has not been disclosed as it is not
practicable to do so. This is due to the ongoing integration of the acquired Siemens’ carrierrelated
operations and Nokia’s networks business, and management’s focus on the operations and results of
the combined entity, Nokia Siemens Networks.
During 2007, the Group completed the acquisition of the following three companies. The purchase
consideration paid and goodwill arising from these acquisitions was not material to the Group.
• Enpocket Inc., based in Boston, USA, a global leader in mobile advertising providing technology and
services that allow brands to plan, create, execute, measure and optimise mobile advertising
campaigns around the world. The Group acquired 100% ownership interest in Enpocket Inc. on
October 5, 2007.
• Avvenu Inc., based in Palo Alto, USA, provides internet services that allow anyone to use their
mobile devices to securely access, use and share personal computer files. The Group acquired 100%
ownership interest in Avvenu Inc. on December 5, 2007.
• Twango, provides a comprehensive media sharing solution for organising and sharing photos,
videos and other personal media. The Group acquired substantially all assets of Twango on July 25,
2007.
9. Depreciation and amortization
2009 2008 2007
EURm EURm EURm
Depreciation and amortization by function
Cost of sales . . .................................................. 266 297 303
Research and development
(1)
....................................... 909 778 523
Selling and marketing
(2)
........................................... 424 368 232
Administrative and general......................................... 185 174 148
Total......................................................... 1 784 1 617 1 206
(1)
In 2009, depreciation and amortization allocated to research and development included
amortization of acquired intangible assets of EUR 534 million (EUR 351 million in 2008 and EUR
136 million in 2007, respectively).
(2)
In 2009, depreciation and amortization allocated to selling and marketing included amortization
of acquired intangible assets of EUR 401 million (EUR 343 million in 2008 and EUR 214 million in
2007, respectively).
F43
Notes to the Consolidated Financial Statements (Continued)