Nokia 2015 Annual Report Download - page 121

119
Financial statements
NOKIA IN 2015
Contents
Consolidated income statement 120
Consolidated statement of
comprehensive income 121
Consolidated statement of
nancial position 122
Consolidated statement of cash ows 123
Consolidated statement of changes
in shareholders’ equity 124
Notes to consolidated nancial
statements 126
1. Accounting principles 126
2. Segment information 135
3. Disposals treated as
Discontinued operations 137
4. Acquisitions 141
5. Revenue recognition 142
6. Expenses by nature 143
7. Personnel expenses 143
8. Pensions 144
9. Depreciation and amortization
by function 147
10. Impairment 148
11. Other income and expenses 149
12. Financial income and expenses 150
13. Income tax 150
14. Deferred taxes 151
15. Earnings per share 153
16. Intangible assets 154
17. Property, plant and equipment 155
18. Investments in associated companies
and joint ventures 156
19. Fair value of nancial instruments 156
20. Derivative nancial instruments 160
21. Inventories 161
22. Allowances for doubtful accounts 161
23. Prepaid expenses and
accrued income 161
24. Shares of the Parent Company 162
25. Share-based payment 163
26. Translation dierences 166
27. Fair value and other reserves 167
28. Provisions 168
29. Accrued expenses, deferred revenue
and other liabilities 170
30. Commitments and contingencies 170
31. Contractual obligations 171
32. Notes to the consolidated
statement of cash ows 171
33. Principal Group companies 172
34. Related party transactions 172
35. Risk management 175
36. Subsequent events 184
Parent Company income statement 186
Parent Company statement
of nancial position 187
Parent Company statement
of cash ows 189
Notes to Parent Company
nancial statements 190
1. Accounting principles 190
2. Net sales by segment 192
3. Personnel expenses 192
4. Depreciation and amortization
by function 192
5. Auditor’s fees 192
6. Other income 192
7. Other expenses 193
8. Financial income and expenses 193
9. Group contributions 193
10. Income tax 193
11. Deferred taxes 194
12. Intangible assets 194
13. Property, plant and equipment 195
14. Investments 196
15. Prepaid expenses and
accrued income 197
16. Shareholders’ equity 197
17. Distributable earnings 198
18. Fair value and other reserves 198
19. Fair value of nancial instruments 199
20. Derivative nancial instruments 200
21. Provisions 201
22. Long-term interest-bearing liabilities 201
23. Accrued expenses and
deferred revenue 201
24. Commitments and contingencies 202
25. Leasing contracts 202
26. Loans granted to the management
of the company 202
27. Notes to the statement of cash ows 202
28. Principal Group companies 202
29. Shares of the Parent Company 202
30. Risk management 202
31. Subsequent events 202
Signing of the Annual Accounts 2015
and proposal by the Board of
Directors for distribution of prot 203
Auditor’s report 204
Financial statements