Nokia 2014 Annual Report Download - page 129

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127
Financial statements
NOKIA IN 2014
For the year ended December 31 Notes
2014
EURm
2013
EURm
2012
EURm
Cash ow from operating activities
Prot/(loss) attributable to equity holders of the parent 3 462 (615) (3 105)
Adjustments, total 32 (2 248) 1 789 3 841
Change in net working capital 32 1 153 (945) 119
Cash generated from operations 2 367 229 855
Interest received 45 92 130
Interest paid (336) (208) (277)
Other nancial income and expenses, net (paid)/received (165) 345 (584)
Income taxes, net paid (636) (386) (478)
Net cash from/(used in) operating activities 1 275 72 (354)
Cash ow from investing activities
Acquisition of businesses, net of acquired cash (175) –13
Purchases of investments, liquid assets (2 977) (1 021) (1 708)
Purchase of non-current available-for-sale investments (73) (53) (55)
Proceeds from/(payment of) other long-term receivables 7(1) –
Proceeds from short-term loans receivable 20 424
Purchases of property, plant and equipment, and intangible assets (311) (407) (461)
Proceeds from/(payment for) disposal of businesses, net of disposed cash(1) 2 508 (63) (15)
Proceeds from disposal/(purchase) of shares in associated companies 7(8) 4
Proceeds from maturities and sale of investments, liquid assets 1 774 586 2 441
Proceeds from sale of non-current available-for-sale investments 62 129 37
Proceeds from sale of property, plant and equipment, and intangible assets 44 138 279
Dividends received –5 3
Net cash from/(used in) investing activities 886 (691) 562
Cash ow from nancing activities
Purchase of treasury shares (427) – –
Purchase of a subsidiary’s equity instruments (45) (1 707) –
Proceeds from long-term borrowings 79 2 291 752
Repayment of long-term borrowings (2 749) (862) (266)
Repayment of short-term borrowings (42) (128) (196)
Dividends paid and other contributions to shareholders (1 392) (71) (755)
Net cash used in nancing activities (4 576) (477) (465)
Foreign exchange adjustment (48) (223) (27)
Net decrease in cash and equivalents (2 463) (1 319) (284)
Cash and cash equivalents at beginning of year 7 633 8 952 9 236
Cash and cash equivalents at end of year 5 170 7 633 8 952
Cash and cash equivalents comprise:
Bank and cash 2 527 3 676 3 504
Available-for-sale investments, cash equivalents 2 643 3 957 5 448
Total 5 170 7 633 8 952
(1) Proceeds from the Sale of the D&S Business are presented net of the amount of principal and accrued interest on the repaid convertible bonds.
The consolidated statement of cash ows combines cash ows from both the Continuing and the Discontinued operations. Refer to Note 3, Disposals treated as
discontinued operations.
The amounts in the consolidated statement of cash ows cannot be directly traced from the statement of nancial position without additional information on the acquisitions
and disposals of subsidiaries and the net foreign exchange dierences arising on consolidation.
The notes are an integral part of these consolidated nancial statements.
Consolidated statement
of cash ows