Nokia 2011 Annual Report Download - page 262

21. Fair value and other reserves
Hedging reserve, EURm
Available-for-sale
investments, EURm
Fair value and other
reserves total, EURm
Gross Tax Net Gross Tax Net Gross Tax Net
Balance at December 31, 2008 ....... 101 (20) 81 (29) 10 (19) 72 (10) 62
Cash flow hedges:
Net fair value gains (losses) .......... (19) 6 (13) — — — (19) 6 (13)
Transfer of (gains) losses to profit and
loss account as adjustment to Net
Sales ........................... 873 (222) 651 — — — 873 (222) 651
Transfer of (gains) losses to profit and
loss account as adjustment to Cost of
Sales ........................... (829) 205 (624) — — — (829) 205 (624)
Available-for-sale Investments:
Net fair value gains (losses) .......... — — — 36 (4) 32 36 (4) 32
Transfer to profit and loss account on
impairment ....................... — — — 14 — 14 14 — 14
Transfer of net fair value (gains) losses
to profit and loss account on
disposal ......................... — — — (2) — (2) (2) — (2)
Movements attributable to
non-controlling interests .......... (65) 16 (49) (2) — (2) (67) 16 (51)
Balance at December 31, 2009 ....... 61 (15) 46 17 6 23 78 (9) 69
Cash flow hedges:
Net fair value gains (losses) .......... (119) 12 (107) — — — (119) 12 (107)
Transfer of (gains) losses to profit and
loss account as adjustment to Net
Sales ........................... 357 (57) 300 — — — 357 (57) 300
Transfer of (gains) losses to profit and
loss account as adjustment to Cost of
Sales ........................... (379) 70 (309) — — — (379) 70 (309)
Available-for-sale Investments:
Net fair value gains (losses) .......... — — — (3) (2) (5) (3) (2) (5)
Transfer to profit and loss account on
impairment ....................... — — — 13 — 13 13 — 13
Transfer of net fair value (gains) losses
to profit and loss account on
disposal ......................... — — — (1) — (1) (1) — (1)
Movements attributable to
non-controlling interests .......... 50 (7) 43 — — — 50 (7) 43
Balance at December 31, 2010 ....... (30) 3 (27) 26 4 30 (4) 7 3
Cash flow hedges:
Net fair value gains (losses) .......... 106 (25) 81 — — — 106 (25) 81
Transfer of (gains) losses to profit and
loss account as adjustment to Net
Sales ........................... (166) 42 (124) — — — (166) 42 (124)
Transfer of (gains) losses to profit and
loss account as adjustment to Cost of
Sales ........................... 162 (36) 126 — — — 162 (36) 126
Transfer of (gains) losses as a basis
adjustment to Assets and
Liabilities (1) ...................... 14 (3) 11 — — — 14 (3) 11
Available-for-sale Investments:
Net fair value gains (losses) .......... — — — 67 — 67 67 — 67
Transfer to profit and loss account on
impairment ....................... — — — 22 (2) 20 22 (2) 20
Transfer of net fair value (gains)/losses
to profit and loss account on
disposal ......................... — — — (19) (1) (20) (19) (1) (20)
Movements attributable to
non-controlling interests .......... (8) (2) (10) — — — (8) (2) (10)
Balance at December 31, 2011 ....... 78 (21) 57 96 1 97 174 (20) 154
(1). The adjustments relate to acquisitions completed in 2011. For more details see Note 9.
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