Nokia 2011 Annual Report Download - page 214

Nokia Corporation and Subsidiaries
Consolidated Statements of Financial Position
December 31
Notes 2011 2010
EURm EURm
ASSETS
Non-current assets
Capitalized development costs ........................................................ 13 6 40
Goodwill ........................................................................... 13 4 838 5 723
Other intangible assets ............................................................... 13 1 406 1 928
Property, plant and equipment ......................................................... 14 1 842 1 954
Investments in associated companies ................................................... 15 67 136
Available-for-sale investments ......................................................... 16 641 533
Deferred tax assets .................................................................. 25 1 848 1 596
Long-term loans receivable ........................................................... 16, 34 99 64
Other non-current assets ............................................................. 34
10 750 11 978
Current assets
Inventories ......................................................................... 18, 20 2 330 2 523
Accounts receivable, net of allowances for doubtful accounts (2011: EUR 284 million,
2010: EUR 363 million) ............................................................. 16, 20, 34 7 181 7 570
Prepaid expenses and accrued income ................................................. 19 4 488 4 360
Current portion of long-term loans receivable ............................................. 16, 34 54 39
Other financial assets ................................................................ 16, 17, 34 500 378
Investments at fair value through profit and loss, liquid assets ............................... 16, 34 433 911
Available-for-sale investments, liquid assets ............................................. 16, 34 1 233 3 772
Available-for-sale investments, cash equivalents .......................................... 16, 34 7 279 5 641
Bank and cash ...................................................................... 34 1 957 1 951
25 455 27 145
Total assets ........................................................................ 36 205 39 123
Notes
SHAREHOLDERS’ EQUITY AND LIABILITIES
Capital and reserves attributable to equity holders of the parent
Share capital ....................................................................... 23 246 246
Share issue premium ................................................................ 362 312
Treasury shares, at cost .............................................................. (644) (663)
Translation differences ............................................................... 22 771 825
Fair value and other reserves .......................................................... 21 154 3
Reserve for invested non-restricted equity ............................................... 3 148 3 161
Retained earnings ................................................................... 7 836 10 500
11 873 14 384
Non-controlling interests ............................................................ 2 043 1 847
Total equity ........................................................................ 13 916 16 231
Non-current liabilities
Long-term interest-bearing liabilities .................................................... 16, 34 3 969 4 242
Deferred tax liabilities ................................................................ 25 800 1 022
Other long-term liabilities ............................................................. 76 88
4 845 5 352
Current liabilities
Current portion of long-term loans ...................................................... 16, 34 357 116
Short-term borrowings ............................................................... 16, 34 995 921
Other financial liabilities .............................................................. 16, 17, 34 483 447
Accounts payable ................................................................... 16, 34 5 532 6 101
Accrued expenses and other liabilities .................................................. 26 7 450 7 365
Provisions ......................................................................... 27 2 627 2 590
17 444 17 540
Total shareholders’ equity and liabilities .............................................. 36 205 39 123
See Notes to Consolidated Financial Statements.
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