Nokia 2014 Annual Report Download - page 188

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186 NOKIA IN 2014
For the year ended December 31 Notes
2014
EURm
2013
EURm
Net sales 2 3 141 11 177
Cost of sales 3,4 (2 569) (9 865)
Gross prot 572 1 312
Research and development expenses 3,4 (538) (1 516)
Selling, general and administrative expenses 3,4 (437) (762)
Other operating income 627 65
Other operating expenses 7 (80) (39)
Operating loss (456) (940)
Financial income and expenses
Income from long-term investments 8 2 176 1 726
Interest and other nancial income 8 9 27
Foreign exchange losses 8 (202) (17)
Impairment charges on investments in subsidiaries and other shares 8 (3 812) (1 240)
Interest expenses and other nancial expenses 8 (145) (177)
(1 974) 319
Loss before extraordinary items and taxes (2 430) (621)
Extraordinary items
Group contributions (728) 75
Gain from sale of shares and businesses 8 483 –
7 755 75
Prot/(loss) before taxes 5 325 (546)
Income tax benet/(expense) 958 (23)
Prot/(loss) for the year 5 383 (569)
The notes are an integral part of these nancial statements.
Parent Company Income Statement