Nokia 2010 Annual Report Download - page 10

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2006
(1)
2007
(1)
2008
(1)
2009
(1)
2010
(1)
2010
(1)
December 31,
(EUR) (EUR) (EUR) (EUR) (EUR) (USD)
(in millions, except per share data)
Balance Sheet Data
Fixed assets and other noncurrent
assets. . ......................... 4031 8305 15112 12125 11978 15893
Cash and other liquid assets
(3)
......... 8537 11753 6820 8873 12275 16288
Other current assets ................. 10049 17541 17650 14740 14870 19731
Total assets ........................ 22617 37599 39582 35738 39123 51912
Capital and reserves attributable to
equity holders of the parent ......... 11968 14773 14208 13088 14384 19086
Noncontrolling interests ............. 92 2565 2302 1661 1847 2451
Longterm interestbearing liabilities.... 69 203 861 4432 4242 5628
Other longterm liabilities ............ 327 1082 1856 1369 1110 1473
Borrowings due within one year ....... 180 887 3591 771 1037 1376
Other current liabilities ............... 9981 18089 16764 14417 16503 21898
Total shareholders’ equity and
liabilities ........................ 22617 37599 39582 35738 39123 51912
Net interestbearing debt
(4)
........... (8288) (10 663) (2 368) (3 670) (6 996) (9 283)
Share capital ....................... 246 246 246 246 246 326
(1)
As from April 1, 2007, our consolidated financial data includes that of Nokia Siemens Networks on
a fully consolidated basis. Nokia Siemens Networks, a company jointly owned by Nokia and
Siemens, is comprised of our former Networks business group and Siemens’ carrierrelated
operations for fixed and mobile networks. Accordingly, our consolidated financial data for the year
ended December 31, 2006 is not directly comparable to any subsequent years and our
consolidated financial data for the year ended December 31, 2007 is not directly comparable to
any prior or subsequent years. Our consolidated financial data for the periods prior to April 1,
2007 included our former Networks business group only.
(2)
The cash dividend for 2010 is what the Board of Directors will propose for shareholders’ approval
at the Annual General Meeting convening on May 3, 2011.
(3)
For the years ended December 31, 2009 and 2010, cash and other liquid assets consist of the
following captions from our consolidated balance sheets: (1) bank and cash, (2) availableforsale
investments, cash equivalents, (3) availableforsale investments, liquid assets and (4) investments
at fair value through profit and loss, liquid assets. For the previous years, cash and other liquid
assets consist of the following captions from our consolidated balance sheets: (1) bank and cash,
(2) availableforsale investments, cash equivalents, and (3) availableforsale investments, liquid
assets.
(4)
Net interestbearing debt consists of borrowings due within one year and longterm interest
bearing liabilities, less cash and other liquid assets.
Distribution of Earnings
We distribute retained earnings, if any, within the limits set by the Finnish Companies Act. We make
and calculate the distribution, if any, either in the form of cash dividends, share buybacks, or in some
other form or a combination of these. There is no specific formula by which the amount of a
distribution is determined, although some limits set by law are discussed below. The timing and
amount of future distributions of retained earnings, if any, will depend on our future results and
financial condition.
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