Nokia 2010 Annual Report Download - page 260

Download and view the complete annual report

Please find page 260 of the 2010 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 275

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275

32. Notes to cash flow statements
2010 2009 2008
EURm EURm EURm
Adjustments for:
Depreciation and amortization (Note 10) .......................... 1 771 1 784 1 617
(Profit) loss on sale of property, plant and equipment
and availableforsale investments ............................. (193) (111) (11)
Income taxes (Note 12) ........................................ 443 702 1 081
Share of results of associated companies (Note 15) .................. (1) (30) (6)
Noncontrolling interest ....................................... (507) (631) (99)
Financial income and expenses (Note 11) ......................... 191 265 2
Transfer from hedging reserve to sales and cost of sales (Note 21) ..... (22) 44 (445)
Impairment charges (Note 8) ................................... 110 1 009 149
Asset retirements (Note 9, 13) .................................. 37 35 186
Sharebased compensation (Note 24) ............................. 47 16 74
Restructuring charges ......................................... 245 307 448
Settlement of a pension plan (Note 5) ............................ —— 152
Other income and expenses .................................... (9) — (124)
Adjustments, total.............................................. 2 112 3 390 3 024
Change in net working capital
Decrease (Increase) in shortterm receivables ...................... 1 281 1 145 (534)
Decrease (Increase) in inventories ............................... (512) 640 321
(Decrease) Increase in interestfree shortterm borrowings ............ 1 563 (1 698) (2 333)
Loans made to customers ...................................... 17 53 —
Change in net working capital .................................... 2 349 140 (2 546)
The Transfer from hedging reserve to sales and cost of sales for 2008 has been reclassified for
comparability purposes from Other financial income and expenses to Adjustments to profit
attributable to equity holders of the parent within Net cash from operating activities on the
Consolidated Statements of Cash Flows.
In 2010, Nokia Siemens Networks’ EUR 750 million loans and capitalized interest of EUR 16 million
from Siemens were converted to equity impacting the noncontrolling interests in the consolidated
statements of financial position. The Group did not engage in any material noncash investing
activities in 2009 and 2008.
F72
Notes to the Consolidated Financial Statements (Continued)