Nokia 2010 Annual Report Download - page 223

8. Impairment (Continued)
Availableforsale investments
The Group’s investment in certain equity securities held as noncurrent availableforsale suffered a
permanent decline in fair value resulting in an impairment charge of EUR 107 million in 2010
(EUR 25 million in 2009, EUR 43 million in 2008). These impairment amounts are included within
financial expenses and other operating expenses in the consolidated income statement. See also
note 11.
9. Acquisitions
Acquisitions completed in 2010
During 2010, the Group completed several minor acquisitions that did not have a material impact on
the consolidated financial statements. The purchase consideration paid and the total goodwill arising
from these acquisitions amounted to EUR 108 million and EUR 82 million, respectively. The goodwill
arising from these acquisitions is attributable to assembled workforce and post acquisition synergies.
• MetaCarta Inc, based in Cambridge, USA, provides unique geographic intelligence technology and
expertise in geographic intelligence solutions. The Group acquired a 100% ownership in MetaCarta
on April 9, 2010.
• Novarra Inc, based in Chicago, USA, is a provider of a mobile browser and service platform with
more than 100 employees. The Group acquired a 100% ownership interest in Novarra on April 9,
2010.
• Motally Inc, a USbased company, provides mobile analytics services offering inapplication tracking
and reporting. The Group acquired a 100% ownership interest in Motally on August 31, 2010.
• PixelActive Inc, based in California, USA, specialises in tools and techniques for 3D modeling of
detailed road networks, buildings and terrain. NAVTEQ acquired a 100% ownership interest in
PixelActive on November 17, 2010.
Acquisitions completed in 2009
During 2009, the Group completed five acquisitions that did not have a material impact on the
consolidated financial statements. The purchase consideration paid and the total goodwill arising
from these acquisitions amounted to EUR 29 million and EUR 32 million, respectively. The goodwill
arising from these acquisitions is attributable to assembled workforce and post acquisition synergies.
• Plum Ventures, Inc, based in Boston, USA, develops and operates a cloudbased social media
sharing and messaging service for private groups. The Group acquired certain assets of Plum on
September 11, 2009.
• Dopplr Oy, based in Helsinki, Finland, provides a Social Atlas that enables members to share travel
plans and preferences privately with their networks. The Group acquired a 100% ownership interest
in Dopplr on September 28, 2009.
• Huano Technology Co., Ltd, based in Changsha, China, is an infrastructure service provider with
Nokia Siemens Networks as its primary customer. Nokia Siemens Networks increased its ownership
interest in Huano from 49% to 100% on July 22, 2009.
• TSystems Traffic GmbH is a leading German provider of dynamic mobility services delivering near
realtime data about traffic flow and road conditions. NAVTEQ acquired a 100% ownership interest
in TSystems Traffic on January 2, 2009.
F35
Notes to the Consolidated Financial Statements (Continued)