Nokia 2014 Annual Report Download - page 158

156 NOKIA IN 2014
Convertible bonds issued to Microsoft in September 2013 were fully redeemed in April 2014 as a result of the closing of the Sale of the D&S
Business. 116 million potential shares have been included in the calculation of diluted shares to reect the part-year eect of these convertible
bonds. In 2013, the potential shares were excluded from the calculation of diluted shares as they were determined to be antidilutive. If fully
converted, these potential shares would have resulted in the issuance of 368 million shares.
The 2012 convertible bond includes a voluntary conversion option. The conversion price was increased in June 2014 and 298 million potential
shares are included in the calculation of diluted shares as they are determined to be dilutive. Voluntary conversion of the entire bond would
result in the issue of 307 million shares. 287 million potential shares were excluded from the calculation of diluted shares in 2013 and 2012
because they were determined to be antidilutive.
16. Intangible assets
EURm 2014 2013
Continuing operations
Goodwill
Acquisition cost at January 1 5 293 6 874
Transfer to assets of disposal groups –(1 428)
Translation dierences 401 (153)
Acquisitions through business combinations 76 –
Acquisition cost at December 31 5 770 5 293
Accumulated impairment charges at January 1 (1 998) (1 998)
Impairment charges (1 209) –
Accumulated impairment charges at December 31 (3 207) (1 998)
Net book value at January 1 3 295 4 876
Net book value at December 31 2 563 3 295
Other intangible assets
Acquisition cost at January 1 5 214 5 753
Transfer to assets of disposal groups –(282)
Translation dierences 334 (127)
Additions 32 24
Acquisitions through business combinations 77 –
Disposals and retirements (11) (154)
Acquisition cost at December 31 5 646 5 214
Accumulated amortization at January 1 (4 918) (5 106)
Transfer to assets of disposal groups –245
Translation dierences (290) 107
Disposals and retirements 10 146
Amortization (98) (310)
Accumulated amortization at December 31 (5 296) (4 918)
Net book value at January 1 296 647
Net book value at December 31 350 296
Other intangible assets include customer relationships with a net book value of EUR 177 million (EUR 139 million in 2013), developed technology
with a net book value of EUR 99 million (EUR 100 million in 2013), and licenses to use tradename and trademark with a net book value of
EUR 10 million (EUR 5 million in 2013). The remaining amortization periods range from approximately three to seven years for customer
relationships, one to six years for developed technology and one to seven years for licenses to use tradename and trademark.
Notes to consolidated nancial statements continued