Nokia 2011 Annual Report Download - page 244

In 2011, other operating income includes a benefit from a cartel claim settlement of EUR 49 million.
Other expenses included restructuring charges of EUR 500 million and associated impairments of
EUR 90 million. Restructuring charges included EUR 456 million related to Devices & Services,
recorded within Devices & Services other, EUR 25 million related to Location & Commerce and EUR
19 million to Nokia Siemens Networks, respectively. Other expenses also included an impairment of
shares in an associated company of EUR 41 million. In addition other expenses included a
consideration paid related to the Accenture transaction of EUR 251 million. Nokia agreed to outsource
its Symbian software development and support activities to Accenture, which resulted in the transfer of
approximately 2 300 employees to Accenture.
In 2010, other income includes a refund of customs duties of EUR 61 million, a gain on sale of assets
and a business of EUR 29 million and a gain on sale of the wireless modem business of EUR 147
million impacting Devices & Services operating profit. The wireless modem business was responsible
for development of Nokia’s wireless modem technologies for LTE, HSPA and GSM standards. The
wireless modem business included Nokia’s wireless modem technologies for LTE, HSPA and GSM
standards, certain related patens and approximately 1 100 Nokia R&D professionals, the vast majority
of whom were located in Finland, India, the UK and Denmark. The sale was closed on November 30,
2010. Other expenses included restructuring charges of EUR 112 million, of which EUR 85 million is
related to Devices & Services and EUR 27 million to Nokia Siemens Networks. The restructuring
charges in Devices & Services mainly related to changes in Symbian Smartphones and Services
organizations as well as certain corporate functions.
Other income for 2009 includes a gain on sale of security appliance business of EUR 68 million
impacting Devices & Services operating profit and a gain on sale of real estate in Oulu, Finland, of
EUR 22 million impacting Nokia Siemens Networks operating loss. In 2009, other operating expenses
includes EUR 178 million charges related to restructuring activities in Devices & Services due to
measures taken to adjust the business operations and cost base according to market conditions. In
conjunction with the decision to refocus its activities around specified core assets, Devices & Services
recorded impairment charges totalling EUR 56 million for intangible assets arising from the acquisitions
of Enpocket and Intellisync and the asset acquisition of Twango.
In all three years presented “Other income and expenses” include the costs of hedging forecasted
sales and purchases (forward points of cash flow hedges) and fair value changes of derivatives
hedging identifiable and probable forecasted cash flows.
8. Impairment
2011 2010 2009
EURm EURm EURm
Goodwill .................................................. 1 090 — 908
Other intangible assets ...................................... 2—56
Property, plant and equipment ................................ 104 —1
Inventories ................................................ 7——
Investments in associated companies .......................... 41 —19
Available-for-sale investments ................................ 94 107 25
Other assets ............................................... —3—
Total, net ................................................. 1 338 110 1 009
Goodwill
Goodwill is allocated to the Group’s cash-generating units (CGU) for the purpose of impairment testing.
The allocation is made to those cash-generating units that are expected to benefit from the synergies
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