Nokia 2014 Annual Report Download - page 170

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168 NOKIA IN 2014
Notes to consolidated nancial statements continued
26. Translation dierences
EURm
Translation differences Net investment hedging Total
Gross Tax Net Gross Tax Net Gross Tax Net
At January 1, 2012 918 4922 (211) 60 (151) 707 64 771
Exchange dierences on translating
foreignoperations 42 (1) 41 – – – 42 (1) 41
Transfer to income statement (1) –(1) – – – (1) –(1)
Net investment hedging losses – – – (58) (9) (67) (58) (9) (67)
Movements attributable to non-controlling
interests 2 – 2 – – – 2 – 2
At December 31, 2012 961 3964 (269) 51 (218) 692 54 746
Exchange dierences on translating
foreignoperations (496) –(496) – – – (496) –(496)
Net investment hedging gains – – – 114 –114 114 –114
Acquisition of non-controlling interests 42 –42 – – – 42 –42
Movements attributable to non-controlling
interests 28 –28 – – – 28 –28
At December 31, 2013 535 3538 (155) 51 (104) 380 54 434
Exchange dierences on translating
foreignoperations 628 –628 – – – 628 –628
Transfer to income statement(1) 192 –192 –––192 –192
Net investment hedging (losses)/gains – – – (187) 34 (153) (187) 34 (153)
Transfer to income statement(1) – – – 20 (15) 5 20 (15) 5
Movements attributable to non-controlling
interests (7) –(7) – – – (7) –(7)
At December 31, 2014 1 348 31 351 (322) 70 (252) 1 026 73 1 099
(1) Reclassied from other comprehensive income to the consolidated income statement primarily due to the Sale of the D&S Business.