Nokia 2011 Annual Report Download - page 264
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22. Translation differences
Translation
differences, EURm
Net investment
hedging, EURm
Translation
differences total, EURm
Gross Tax Net Gross Tax Net Gross Tax Net
Balance at December 31, 2008 (1) ... 260 0 260 100 (19) 81 360 (19) 341
Translation differences:
Currency translation differences ...... (556) 2 (554) — — — (556) 2 (554)
Transfer to profit and loss (financial
income and expense) ............. (7) — (7) — — — (7) — (7)
Net investment hedging:
Net investment hedging gains
(losses) ........................ — — — 114 (31) 83 114 (31) 83
Transfer to profit and loss (financial
income and expense) ............. — — — 1 — 1 1 — 1
Movements attributable to
non-controlling interests ........ 8 1 9 — — — 8 1 9
Balance at December 31, 2009 ...... (295) 3 (292) 215 (50) 165 (80) (47) (127)
Translation differences:
Currency translation differences ...... 1302 3 1305 — — — 1302 3 1305
Transfer to profit and loss (financial
income and expense) ............. — — — — — — — — —
Net investment hedging:
Net investment hedging gains (losses) — — — (389) 101 (288) (389) 101 (288)
Transfer to profit and loss (financial
income and expense) — — — — — — — — —
Movements attributable to
non-controlling interests ........ (63) (2) (65) — — — (63) (2) (65)
Balance at December 31, 2010 ...... 944 4 948 (174) 51 (123) 770 55 825
Translation differences:
Currency translation differences ...... 9 — 9 — — — 9 — 9
Transfer to profit and loss (financial
income and expense) ............. — — — — — — — — —
Net investment hedging:
Net investment hedging gains
(losses) ........................ — — — (37) 9 (28) (37) 9 (28)
Transfer to profit and loss (financial
income and expense) ............. — — — — — — — — —
Movements attributable to
non-controlling interests ........ (35) — (35) — — — (35) — (35)
Balance at December 31, 2011 ...... 918 4 922 (211) 60 (151) 707 64 771
(1) Reclassification of an item recognized prior to 2008 with no impact to total translation differences
in the consolidated statement of financial position.
F-54