Nokia 2012 Annual Report Download - page 230

Segment non-current assets by geographic area(7) 2012 2011
EURm EURm
Finland ........................................................................ 1 662 1 651
China ......................................................................... 387 472
India .......................................................................... 151 185
Brazil ......................................................................... 77 83
UK ........................................................................... 175 212
USA .......................................................................... 4 166 4 757
Other ......................................................................... 336 732
Total .......................................................................... 6 954 8 092
(7) Comprises intangible and tangible assets and property, plant and equipment
3. Percentage of completion
Contract sales recognized under percentage of completion accounting are EUR 3 431 million in 2012
(EUR 4 769 million in 2011 and EUR 5 094 million in 2010). Service revenue for managed services and
network maintenance contracts are EUR 2 655 million in 2012 (EUR 2 994 million in 2011 and
EUR 2 924 million in 2010).
Advances received related to construction contracts, included in accrued expenses and other liabilities,
are EUR 58 million at December 31, 2012 (EUR 95 million in 2011). Included in accounts receivable are
contract revenues recorded prior to billings EUR 700 million at December 31, 2012 (EUR 1 267 million in
2011) and billings in excess of costs incurred are EUR 216 million at December 31, 2012
(EUR 260 million in 2011).
The aggregate amount of costs incurred and recognized profits (net of recognized losses) under
construction contracts in progress since inception is EUR 18 107 million at December 31, 2012
(EUR 20 077 million in 2011).
Retentions related to construction contracts, included in accounts receivable, are EUR 100 million at
December 31, 2012 (EUR 136 million at December 31, 2011).
4. Personnel expenses
2012 2011 2010
EURm EURm EURm
Wages and salaries ................................................. 6 080 6 284 5 808
Share-based compensation expense, total .............................. 13 18 48
Pension expenses, net ............................................... 375 445 431
Other social expenses ............................................... 715 787 708
Personnel expenses as per income statement(1) .......................... 7 183 7 534 6 995
(1) Include termination benefits
Share-based compensation expense includes pension and other social costs of EUR 0 million in 2012
(EUR 0 million in 2011 and EUR 1 million in 2010) based upon the related employee benefit charge
recognized during the year.
Pension expenses, comprised of multi-employer, insured and defined contribution plans were
EUR 335 million in 2012 (EUR 396 million in 2011 and EUR 377 million in 2010). The remainder
consists of expenses related to defined benefit plans.
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