Nokia 2012 Annual Report Download - page 232

The following table sets forth the changes in the benefit obligation and fair value of plan assets during
the year and the funded status of the significant defined benefit pension plans showing the amounts
that are recognized in the Group’s consolidated statement of financial position at December 31:
2012 2011
EURm EURm
Present value of defined benefit obligations January 1 .......................... (1 737) (1 544)
Translation differences .................................................... (6) (3)
Current service cost ...................................................... (58) (59)
Interest cost ............................................................. (82) (83)
Plan participants’ contributions .............................................. (14) (9)
Past service cost ......................................................... (2) (1)
Actuarial gain (loss) ....................................................... (301) (26)
Acquisitions and divestments ............................................... 14 —
Curtailments ............................................................ 25 8
Settlements ............................................................. 13 17
Benefits paid ............................................................ 68 46
Other movements(1) ....................................................... (2) (83)
Present value of defined benefit obligations December 31 ....................... (2 082) (1 737)
Plan assets at fair value January 1 .......................................... 1 657 1 494
Translation differences .................................................... 94
Expected return on plan assets ............................................. 80 77
Actuarial gain (loss) on plan assets .......................................... 67 (14)
Employer contribution ..................................................... 51 54
Plan participants’ contributions .............................................. 14 9
Benefits paid ............................................................ (50) (37)
Settlements ............................................................. (10) (11)
Acquisitions and divestments ............................................... (12) (2)
Other movements(1) ....................................................... 283
Plan assets at fair value December 31 ....................................... 1 808 1 657
Deficit .................................................................. (274) (80)
Unrecognized net actuarial (gains) losses .................................... 239 10
Unrecognized past service cost ............................................. 11
Amount not recognized as an asset in the balance sheet because of limit in IAS 19
paragraph 58(b) ........................................................ (2) (1)
Prepaid (Accrued) pension cost in the statement of financial position .............. (36) (70)
(1) Group has reclassified an existing plan as a defined benefit plan due to requirement to cover for
shortfall in return on plan assets in 2011. This reclassification did not have a material impact on
the Group’s financial statements.
Present value of obligations include EUR 584 million (EUR 414 million in 2011) of wholly funded
obligations, EUR 1 436 million of partly funded obligations (EUR 1 260 million in 2011) and
EUR 62 million (EUR 63 million in 2011) of unfunded obligations.
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