Nokia 2014 Annual Report Download - page 153

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151
Financial statements
NOKIA IN 2014
11. Other income and expenses
EURm 2014 2013 2012
Continuing operations
Other income
Interest income from customer receivables and overdue payments 23 27 10
Rental income 22 25 20
Distributions from unlisted venture funds 18 97 22
Subsidies and government grants 15 6 –
Gain on sale of real estate 8679
Prot on sale of other property, plant and equipment 826 28
Divestment of businesses 8– –
VAT and other indirect tax refunds 77 –
Foreign exchange gain on hedging forecasted sales and purchases –36 26
Pension curtailments ––12
Other miscellaneous income 27 42 79
Total 136 272 276
Other expenses
Restructuring, cost reduction and associated charges (97) (395) (1 174)
Sale of receivables transactions (39) (53) (44)
Contractual remediation costs (31) – –
VAT and other indirect tax write-os and provisions (15) (37) (25)
Foreign exchange loss on hedging forecasted sales and purchases (15) (24) (18)
Loss on sale of property, plant and equipment (13) (20) (40)
Impairment charges (13) (13) (29)
Provision for environmental risk (5) – –
Transaction costs related to the Sale of the D&S Business 4(18) –
Valuation allowances for doubtful accounts 5(30) (34)
Divestment of businesses –(157) (50)
Country and contract exit charges –(52) (42)
Impairment of shares in associated companies ––(8)
Other miscellaneous expenses (49) (9) (49)
Total (268) (808) (1 513)
Other income and expenses include a net expense of EUR 93 million (EUR 395 million in 2013 and EUR 1 174 million in 2012) for restructuring,
cost reduction and associated charges, which consist primarily of employee termination benets. In 2014, restructuring, cost reduction and
associated charges include EUR 57 million (EUR 361 million in 2013 and EUR 1 134 million in 2012) related to Nokia Networks and EUR 36 million
(EUR 22 million in 2013 and EUR 31 million in 2012) related to HERE. In 2013, restructuring, cost reduction and associated charges include EUR
2million (EUR 3 million in 2012) related to Nokia Technologies and EUR 10 million (EUR 6 million in 2012) related to Group Common Functions.