Nokia 2014 Annual Report Download - page 202

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200 NOKIA IN 2014
21. Commitments and contingencies
EURm 2014 2013
Collateral for own commitments
Assets pledged –3
Contingent liabilities on behalf of Group companies
Guarantees for loans –2
Leasing guarantees 79 143
Other guarantees 16 55
Contingent liabilities on behalf of associated companies
Guarantees for loans 13 16
Contingent liabilities on behalf of other companies
Guarantees for loans 6 12
Other guarantees 17 24
Certain India related accounts receivable are under payment restrictions due to on-going tax proceedings.
22. Leasing contracts
At December 31, 2014 the leasing contracts of the Parent Company amounted to EUR 5 million (EUR 22 million in 2013).
23. Loans granted to the management of the company
There were no loans granted to the members of the Group Leadership Team and Board of Directors at December 31, 2014.
24. Notes to the statement of cash ows
EURm 2014 2013
Adjustments for
Depreciation and amortization 8 126
Prot on sale of tangible assets and available-for-sale investment (14) –
Income tax (benet)/expense (58) 23
Financial income and expenses, net (1 850) (1 504)
Impairment charges 3 812 1 278
Gain from sale of shares and businesses (8 483) –
Asset retirements 1–
Share-based payment expense 26 21
Other operating income and expenses, net 1 495 (115)
Total (5 063) (171)
Change in net working capital
(Increase)/decrease in accounts receivable (129) 1 005
Decrease/(increase) in inventories 2 (25)
Increase/(decrease) in interest-free short-term liabilities 959 (709)
Total 832 271
Notes to Parent Company Financial statements continued