Nokia 2013 Annual Report Download - page 89

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87
NOTES TO THE FINANCIAL STATEMENTS OF THE PARENT COMPANY
8. DISTRIBUTABLE EARNINGS
EURm 2013 2012
Reserve for invested non-restricted equity 3099 3120
Fair value reserve – 19 – 46
Retained earnings from previous years 2773 2927
Net profi t for the year – 569 – 154
Retained earnings, total 5284 5847
Treasury shares – 608 – 634
Distributable earnings, December 31 4676 5213
7. SHAREHOLDERS’ EQUITY
Reserve
Share for invested
Share issue Treasury Fair value non-restricted Retained
Parent Company, EURm capital premium shares reserve equity earnings Total
Balance at December 31, 2010 246 — – 669 — 3145 3612 6334
Other contribution from shareholders 46 46
Settlement of performance and restricted shares 20 – 13 7
Fair value reserve increase 68 68
Dividend – 1484 – 1484
Net profi t 1542 1542
Balance at December 31, 2011 246 46 – 649 68 3132 3670 6513
Settlement of performance and restricted shares 15 -12 3
Fair value reserve decrease – 114 – 114
Dividend – 743 – 743
Net profi t – 154 – 154
Balance at December 31, 2012 246 46 – 634 – 46 3120 2773 5505
Settlement of performance and restricted shares 26 – 21 5
Fair value reserve decrease 27 27
Dividend — —
Net profi t – 569 – 569
Balance at December 31, 2013 246 46 – 608 – 19 3099 2204 4968
NOTES TO THE FINANCIAL STATEMENTS OF THE PARENT COMPANY
6. INVESTMENTS
EURm 2013 2012
Investments in subsidiaries
Acquisition cost January 1 11548 11199
Additions 354 3127
Impairments – 1240 – 740
Disposals – 37 – 2038
Net carrying amount December 31 10625 11548
Investments in associated companies
Acquisition cost January 1 3 11
Additions — 1
Impairments — – 8
Disposals — – 1
Net carrying amount December 31 3 3
Investments in other shares
Acquisition cost January 1 105 85
Additions 7 23
Impairments — – 2
Disposals – 4 – 1
Net carrying amount December 31 108 105