Nokia 2014 Annual Report Download - page 114

112 NOKIA IN 2014
General facts on Nokia continued
Selected nancial data
The nancial data set forth below at and for the years ended December 31, 2013 and 2014 and for each of the years in the three-year period
ended December 31, 2014 has been derived from our audited consolidated nancial statements included in this annual report. Financial data
atDecember 31, 2012 has been derived from our historical audited consolidated nancial statements not included in this annual report.
Thenancial data at December 31, 2013 and 2014 and for each of the years in the three-year period ended December 31, 2014 should be
readin conjunction with, and are qualied in their entirety by reference to, our audited consolidated nancial statements.
For the year ended December 31
2014 2013 2012
(in EURm, except for share, percentage and employee data)
From the consolidated income statement – Continuing operations
Net sales 12 732 12 709 15 400
Change % 0.2% (17.5)% (3.6)%
Operating prot/(loss) 170 519 (821)
% of net sales 1.3% 4.1% (5.3)%
Financial income and expenses (395) (280) (357)
(Loss)/prot before tax (237) 243 (1 179)
Income tax benet/(expense) 1 408 (202) (304)
Prot/(loss) attributable to equity holders of the parent 1 163 186 (771)
Prot/(loss) attributable to non-controlling interests 8(145) (712)
Prot/(loss) from continuing operations 1 171 41 (1 483)
Earnings per share (for prot/(loss) attributable to equity holders of the parent)
Basic earnings per share, EUR 0.31 0.05 (0.21)
Diluted earnings per share, EUR 0.30 0.05 (0.21)
From the consolidated statement of nancial position(1)
Non-current assets 7 339 6 048 9 323
Cash and other liquid assets(2) 7 715 8 971 9 909
Other current assets 6 009 4 825 10 752
Assets held for sale and assets of disposal groups classied as held for sale –5 347 –
Total assets 21 063 25 191 29 984
Capital and reserves attributable to equity holders of the parent 8 611 6 468 7 937
Non-controlling interests 58 192 1 302
Non-interest bearing liabilities(3)*9 702 7 141 15 196
Interest-bearing liabilities(4) 2 692 6 662 5 549
Liabilities of disposal groups classied as liabilities held for sale –4 728 –
Total equity and liabilities 21 063 25 191 29 984
Other information
Research and development expenses 2 493 2 619 3 081
% of net sales 19.6% 20.6% 20.0%
Capital expenditures(5) 280 214 290
% of net sales 2.2% 1.7% 1.9%
Salaries and social expenses 3 788 4 041 5 034
Average number of employees 57 566 59 333 71 808
Key nancial indicators
Cash dividends per share, EUR(6) 0.14 0.37 –
Dividends 511 1 374 –
Return on capital employed, %** 1.2% 3.9% neg.
Return on equity, % 15.4% 2.6% neg.
Equity ratio, %** 49.1% 28.1% 32.9%
Net debt to equity (gearing), % (57.9)% (34.7)% (47.2)%
Net cash 5 023 2 309 4 360
Free cash ow 964 (335) (815)
(1) 2012 information includes Discontinued operations.
(2) Includes Investments at fair value through prot and loss, liquid assets, Available-for-sale investments, liquid assets, Available-for-sale investments, cash equivalents and Bank and cash.
(3) Includes Deferred revenue and other long-term liabilities, Provisions, Other nancial liabilities, Current income tax liabilities, Deferred tax liabilities, Accounts payable and Accrued expenses and deferred
revenue and otherliabilities.
(4) Includes Long-term interest-bearing liabilities, Current portion of long-term interest-bearing liabilities and Short-term borrowings.
(5) Includes purchases of property, plant and equipment and intangible assets for Continuing operations.
(6) Dividends declared per share for 2014 are subject to shareholders’ approval.
* 2012 comparative information has been recalculated for consistency.
** 2013 comparative information has been recalculated for consistency.