Nokia 2014 Annual Report Download - page 201
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199NOKIA IN 2014
Financial statements
18. Long-term interest-bearing liabilities
2014
EURm
2013
EURm
Bonds 1 813 1 645
Convertible bonds 745 745
Liabilities to Group companies 283 200
Total 2 841 2 590
Long-term interest—bearing liabilities repayable after 5 years
Nominal value
million
Interest
%
2014
EURm
2013
EURm
Bonds
2009-2014 1 250 EUR 5.534 – –
2009-2019 1 000 USD 5.572 847 747
2009-2019 500 EUR 6.792 548 545
2009-2039 500 USD 6.775 418 353
Total 1 813 1 645
Convertible bonds
2012-2017 750 EUR 7.920 745 745
2013-2018 500 EUR 1.125(1) – –
2013-2019 500 EUR 2.500(1) – –
2013-2020 500 EUR 3.625(1) – –
Total 745 745
(1) Included in short-term liabilities. On April 25, 2014 the Parent Company completed the Sale of the D&S Business and EUR 500 million 1.125% convertible bonds due September 2018, EUR 500 million
2.5% convertible bonds due September 2019 and EUR 500 million 3.625% convertible bonds due September 2020, all issued by Nokia Corporation to Microsoft, were repaid and netted against the
deal proceeds by the amount of prinicpal and accrued interest.
19. Accrued expenses and deferred revenue
EURm 2014 2013
Group contributions 728 –
Interest 47 –
Foreign taxes 36 (15)
Salaries and social expenses 11 68
Taxes (4) 25
Deferred IPR and royalty income –680
Cost of sales accrual –709
Other accrued liabilities to Group companies 41 –
Other accrued liabilities to other companies 23 212
Total 882 1 679
20. Provisions
EURm 2014 2013
Divestment related 103 –
Reorganization 3–
Unemployment liability 1 –
Other 1 –
Total 108 –