Nokia 2012 Annual Report Download - page 233

The amounts recognized in the income statement are as follows:
2012 2011 2010
EURm EURm EURm
Current service cost .................................................. 58 59 61
Interest cost ........................................................ 82 83 78
Expected return on plan assets ........................................ (80) (77) (76)
Net actuarial (gains) losses recognized in year ............................ 27 (1)
Impact of paragraph 58(b) limitation ..................................... —(7) 3
Past service cost (gain) loss ........................................... 211
Curtailment ......................................................... (21) (11) (1)
Settlement ......................................................... (3) (6) (11)
Total, included in personnel expenses ................................... 40 49 54
Movements in prepaid (accrued) pension costs recognized in the statement of financial position are as
follows:
2012 2011
EURm EURm
Prepaid (accrued) pension costs January 1 ..................................... (70) (84)
Net income (expense) recognized in the profit and loss account .................... (40) (49)
Contributions paid .......................................................... 51 54
Benefits paid .............................................................. 18 9
Acquisitions and divestments ................................................ 2(2)
Foreign exchange .......................................................... 32
Prepaid (accrued) pension costs December 31(1) ................................ (36) (70)
(1) included within prepaid expenses and accrued income / accrued expenses
The accrued pension cost above is made up of a prepayment of EUR 142 million (EUR 106 million in
2011) and an accrual of EUR 178 million (EUR 176 million in 2011).
2012 2011 2010 2009 2008
EURm EURm EURm EURm EURm
Present value of defined benefit obligations ............. (2 082) (1 737) (1 544) (1 411) (1 205)
Plan assets at fair value ............................. 1 808 1 657 1 494 1 330 1 197
Surplus/(Deficit) .................................... (274) (80) (50) (81) (8)
Experience adjustments arising on plan obligations amount to a loss of EUR 31 million in 2012 (gain of
EUR 33 million in 2011, EUR 18 million in 2010, a loss of EUR 12 million in 2009, a gain of EUR
50 million in 2008).
Experience adjustments arising on plan assets amount to a gain of EUR 67 million (a loss of EUR 14 million
in 2011, a gain of EUR 9 million in 2010, EUR 54 million in 2009, a loss of EUR 22 million in 2008).
The principal actuarial weighted average assumptions used were as follows:
2012 2011
%%
Discount rate for determining present values ...................................... 3.7 4.9
Expected long-term rate of return on plan assets ................................... 3.4 4.5
Annual rate of increase in future compensation levels ............................... 2.4 2.4
Pension increases ............................................................ 1.9 2.0
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