Nokia 2015 Annual Report Download - page 145
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143
Financial statements
NOKIA IN 2015
6. Expenses by nature
EURm 2015 2014 2013
Continuing operations
Personnel expenses(1) (Note 7) 3 617 3 340 3 426
Cost of material 2 907 2 957 2 755
Subcontracting costs 2 323 2 211 2 659
Depreciation and amortization (Note 9) 286 240 319
Real estate costs 236 232 306
Other 1 455 1 276 1 146
Total(2) 10 824 10 256 10 610
(1) Excludes EUR 121 million (EUR 41 million in 2014 and EUR 209 million in 2013) restructuring-related personnel expenses recognized in other expenses.
(2) In 2015, the Group recorded amounts in order to correct items previously reported in 2014 and 2013 as cost of sales and reductions to accounts receivable. The impact of this correction was to reduce
cost of sales in 2015 by EUR 37 million, of which EUR 7 million related to 2014 and EUR 30 million to 2013. The error related to businesses divested in 2013 where the Group continued to operate
certain accounting functions under a transitional arrangement and erroneously recorded pass-through costs of the disposed businesses as costs of the Group.
Rental expenses included in the above line items amount to EUR 164 million (EUR 171 million in 2014 and EUR 241 million in 2013).
7. Personnel expenses
EURm 2015 2014 2013
Continuing operations
Salaries and wages 3 075 2 797 3 030
Share-based payment expense (Note 25) 67 53 37
Pension expense, net 223 189 189
Other social expenses 373 342 379
Total 3 738 3 381 3 635
Personnel expenses include termination benets. Pension expense, comprising multi-employer, insured and dened contribution plans
isEUR172 million ( EUR 146 million in 2014 and EUR 143 million in 2013). Expenses related to dened benet plans are EUR 51 million
(EUR43million in 2014 and EUR 46 million in 2013). Refer to Note 8, Pensions.
Average number of employees 2015 2014 2013
Nokia Networks(1) 55 509 50 557 52 564
Nokia Technologies 596 650 657
Group Common Functions(1) 585 292 215
Total 56 690 51 499 53 436
(1) In 2014, the average number of employees was restated to account for a transfer of employees from Nokia Networks to Group Common Functions.