Nokia 2014 Annual Report Download - page 175
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173
Financial statements
NOKIA IN 2014
31. Contractual obligations
Payments due for contractual obligations for Continuing operations at December 31, 2014 by due date are:
EURm
Within
1 year
1 to 3
years
3 to 5
years
More than
5 years Total
Continuing operations
Long-term liabilities(1) 1735 1 421 514 2 671
Purchase obligations(2) 832 116 9 – 957
Operating leases(3) 133 164 103 142 542
Total 966 1 015 1 533 656 4 170
(1) Includes current maturities. Refer to Note 35, Risk management.
(2) Includes inventory purchase obligations, service agreements and outsourcing arrangements.
(3) Includes leasing costs for oce, manufacturing and warehouse space under various non-cancellable operating leases. Certain contracts contain renewal options for various periods oftime.
Benet payments for under-funded dened benet plans have been excluded as they are not expected to be material in any given period in the
future. Refer to Note 8, Pensions.
32. Notes to the consolidated statement of cash ows
EURm 2014 2013 2012
Adjustments for(1)
Depreciation and amortization 297 728 1 326
(Prot)/loss on sale of property, plant and equipment
and available-for-sale investments (56) 40 (131)
Income tax (benet)/expense (1 281) 401 1 145
Share of results of associated companies (Note 18) 12 (4) 1
Non-controlling interests 14 (124) (681)
Financial income and expenses 600 264 333
Transfer from hedging reserve to sales and cost of sales (10) (87) (16)
Impairment charges 1 335 20 109
Gain on the Sale of the D&S Business (3 386) – –
Asset retirements 824 31
Share-based payment 37 56 13
Restructuring related charges(2) 115 446 1 659
Other income and expenses 67 25 52
Total (2 248) 1 789 3 841
Change in net working capital
Decrease in short-term receivables 115 1 655 2 118
(Increase)/decrease in inventories (462) 193 707
Increase/(decrease) in interest-free short-term liabilities 1 500 (2 793) (2 706)
Total 1 153 (945) 119
(1) Adjustments for Continuing and Discontinued operations. Refer to Note 3, Disposals treated as discontinued operations.
(2) The adjustments for restructuring-related charges represent the non-cash portion of the restructuring-related charges recognized in the consolidated income statement.
In 2014, the convertible bonds issued to Microsoft in 2013 have been netted against the proceeds from the Sale of the D&S Business.
TheGroup did not engage in any material non-cash investing activities in 2013 and 2012.