Nokia 2012 Annual Report Download - page 252

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, 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
Cash flow hedges:
Net fair value gains (losses) ............. (25) 21 (4) — — — (25) 21 (4)
Transfer of (gains) losses to profit and loss
account as adjustment to Net Sales ..... 390 — 390 — — — 390 — 390
Transfer of (gains) losses to profit and loss
account as adjustment to Cost of
Sales .............................. (406) — (406) — — — (406) — (406)
Available-for-sale Investments:
Net fair value gains (losses) ............. — — — 32 1 33 32 1 33
Transfer to profit and loss account on
impairment ......................... — — — 24 — 24 24 — 24
Transfer of net fair value (gains) losses to
profit and loss account on disposal ..... — — — (21) — (21) (21) — (21)
Movements attributable to
non-controlling interests ............ (47) — (47) — — — (47) — (47)
Balance at December 31, 2012 ......... (10) — (10) 131 2 133 121 2 123
(1) The adjustments relate to acquisitions completed in 2011. For more details see Note 9.
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