Nokia 2013 Annual Report Download - page 66

NOKIA IN 2013
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reporting date. The total carrying amount for liabilities arising
from share-based payment transactions is EUR  million at
December ,  (EUR  million in ) and is included in
accrued expenses and other liabilities in the consolidated
statement of fi nancial position.
In , Nokia introduced a voluntary Employee Share
Purchase Plan, which was off ered in  to Nokia employees
working for Devices & Services business, HERE, Advanced
Technologies and Corporate Common Functions. Under the
plan employees make monthly contributions from their sal-
ary to purchase Nokia shares on a monthly basis during a
-month savings period. Nokia off ers one matching share
for every two purchased shares the employee still holds
after the last monthly purchase has been made in June .
Employees who have transferred to Microsoft following the
Sale of Devices & Services business will receive a cash settle-
ment under the plan.
26. DEFERRED TAXES
EURm 2013 2012
Deferred tax assets:
Intercompany profi t in inventory 48 58
Tax losses carried forward
and unused tax credits 446 564
Warranty provision 6 47
Other provisions 120 261
Depreciation diff erences 660 893
Other temporary diff erences 102 145
Reclassifi cation due to netting
of deferred taxes – 492 – 689
Total deferred tax assets 890 1279
Deferred tax liabilities:
Depreciation diff erences
and untaxed reserves – 609 – 893
Undistributed earnings – 68 – 313
Other temporary diff erences – 10 – 184
Reclassifi cation due to netting
of deferred taxes 492 689
Total deferred tax liabilities – 195 – 701
Net deferred tax asset 695 578
Tax charged to equity 6 3
At December ,  the Group had tax losses carry forward
of EUR   million (EUR   million in ) of which EUR 
million will expire within  years (EUR   million in ).
At December ,  the Group had tax losses carry
forward, temporary diff erences and tax credits of EUR  
million (EUR   million in ) for which no deferred tax
asset was recognized due to uncertainty of utilization of these
items. EUR   million of those will expire within  years
(EUR   million in ).
The recognition of the remaining deferred tax assets is sup-
ported by off setting deferred tax liabilities, earnings history
and profi t projections in the relevant jurisdictions.
At December ,  the Group had undistributed earn-
ings of EUR  million (EUR  million in ) on which no
deferred tax liability has been formed as these will not reverse
in the foreseeable future.
27. ACCRUED EXPENSES AND
OTHER LIABILITIES
EURm 2013 2012
Advance payments and deferred revenue 1163 1747
Wages and salaries 710 1031
Social security, VAT and other indirect taxes 312 555
NSN customer project related 234 378
Other 614 2512
Total 3033 6223
Other accruals include accrued discounts, royalties, research
and development expenses, marketing expenses and interest
expenses as well as various amounts which are individually
insignifi cant.
Accrued expenses and other liabilities of disposal groups
classifi ed as held for sale at December ,  were EUR  
million.
Accrued current tax liabilities are presented separately in
the consolidated statement of fi nancial position in  and
have also been reclassifi ed for comparability purposes in .