Nokia 2011 Annual Report Download - page 248

The following table summarizes the consideration paid, the fair value of assets acquired, liabilities
assumed and the non-controlling interest at December 31, 2011. The fair values of certain intangible
and tangible assets acquired remain provisional as at December 31, 2011 pending finalization of the
valuation of those assets. Consequently, the goodwill is also provisional.
EURm
Cash 706
Fair value of installment payments receivable ......................................... (64)
Total consideration ............................................................. 642
Non-current assets
Goodwill ........................................................................ 155
Developed technology ............................................................ 156
Customer relationships ............................................................ 195
Other intangible assets ............................................................ 3
509
Property, plant & equipment ........................................................ 105
Investments in associated companies ................................................ 6
Deferred tax assets ............................................................... 1
621
Current assets
Inventories ...................................................................... 103
Accounts receivable .............................................................. 228
Prepaid expenses and accrued income .............................................. 20
Deferred tax assets ............................................................... 35
Bank and cash .................................................................. 31
417
Total assets acquired ............................................................ 1 038
Non-current liabilities ............................................................
Other long-term liabilities .......................................................... 15
15
Current liabilities ................................................................
Accounts payable ................................................................ 154
Accrued expenses ............................................................... 166
Deferred tax liabilities ............................................................. 15
Provisions ...................................................................... 30
365
Total liabilities assumed ......................................................... 380
Non-controlling interests ........................................................... 16
Net assets acquired ............................................................. 642
Nokia Siemens Networks has concluded on a working capital adjustment settlement with respect to the
acquisition whereby Motorola Solutions has agreed to make additional installment payments to Nokia
Siemens Networks. The installment payments are subject to certain conditions that Nokia Siemens
Networks must fulfill over a given time period. The maximum amount of installment payments totals EUR
85 million and Nokia Siemens Networks has determined that the fair value of the installment payments
amounts to EUR 81 million of which EUR 17 million has been received at December 31, 2011.
The fair value of accounts receivables of EUR 228 million includes trade receivables with a fair value of
EUR 144 million. The gross contractual amount for trade receivables due is EUR 255 million, of which
EUR 111 million is expected to be uncollectible.
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