Nokia 2010 Annual Report Download - page 239
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17. Derivative financial instruments
2010 Fair value
(1)
Notional
(2)
Fair value
(1)
Notional
(2)
Assets Liabilities
EURm EURm EURm EURm
Hedges of net investment in foreign subsidiaries:
Forward foreign exchange contracts . . . ...... 66 2254 (154) 4 433
Cash flow hedges:
Forward foreign exchange contracts . . . ...... 41 8025 (57) 8 572
Fair value hedges
Interest rate swaps ....................... 128 1550 (8) 76
Cash flow and Fair value hedges:
(3)
Cross currency interest rate swaps ........... — — (6) 378
Derivatives not designated in hedge accounting
relationships carried at fair value through profit
and loss:
Forward foreign exchange contracts . . . ...... 73 5349 (69) 7 956
Currency options bought .................. 13 1959 — —
Currency options sold ..................... — — (15) 749
Interest rate swaps ....................... 45 1028 (50) 1 199
366 20 165 (359) 23 363
2009 Fair value
(1)
Notional
(2)
Fair value
(1)
Notional
(2)
Assets Liabilities
EURm EURm EURm EURm
Hedges of net investment in foreign subsidiaries:
Forward foreign exchange contracts . . . ...... 12 1128 (42) 2 317
Cash flow hedges:
Forward foreign exchange contracts . . . ...... 25 8062 (25) 7 027
Interest rate swaps ....................... — — (2) 330
Fair value hedges
Interest rate swaps ....................... 117 1750 (10) 68
Cash flow and Fair value hedges:
(3)
Cross currency interest rate swaps ........... — — (77) 416
Derivatives not designated in hedge accounting
relationships carried at fair value through profit
and loss:
Forward foreign exchange contracts . . . ...... 147 5785 (68) 6 504
Currency options bought .................. 8 442 — —
Currency options sold ..................... — — (1) 102
Interest rate swaps ....................... 7 68 (20) 499
Cash settled equity options bought
(4)
........ — 6 — —
316 17 241 (245) 17 263
(1)
The fair value of derivative financial instruments is included on the asset side under heading
Other financial assets and on the liability side under Other financial liabilities.
F51
Notes to the Consolidated Financial Statements (Continued)