Nokia 2015 Annual Report Download - page 159
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157
Financial statements
NOKIA IN 2015
EURm
Carrying amounts
Fair
value(1)
Current
available-
for-sale
financial assets
Non-current
available-
for-sale
financial assets
Financial
instruments at
fair value
through profit
or loss
Loans and
receivables
measured at
amortized cost
Financial
liabilities
measured at
amortized cost Total Total
2014
Available-for-sale investments, publicly quoted
equity shares 14 14 14
Available-for-sale investments, carried at fair value 570 570 570
Available-for-sale investments, carried at cost
lessimpairment 244 244 244
Long-term loans receivable 34 34 28
Accounts receivable 3 430 3 430 3 430
Current portion of long-term loans receivable 1 1 1
Other current nancial assets 241 25 266 266
Investments at fair value through prot and loss,
liquid assets 418 418 418
Available-for-sale investments, liquid assets carried
at fair value 2 127 2 127 2 127
Cash and cash equivalents carried at fair value 5 170 5 170 5 170
Total nancial assets 7 297 828 659 3 490 – 12 274 12 268
Long-term interest-bearing liabilities 2 576 2 576 4 058
Current portion of long-term interest-bearing
liabilities 1 1 1
Short-term borrowings 115 115 115
Other nancial liabilities 174 174 174
Accounts payable 2 313 2 313 2 313
Total nancial liabilities – – 174 – 5 005 5 179 6 661
(1) For items not carried at fair value, the following fair value measurement methods are used. The fair value is estimated to equal the carrying amount for available-for-sale investments carried at cost less
impairment for which it is not possible to estimate fair value reliably as there is no active market for these private fund investments. These assets are tested for impairment annually using a discounted
cash ow analysis. The fair value of loans receivable and loans payable is estimated based on the current market values of similar instruments (level 2). The fair values of long-term interest bearing
liabilities are based on discounted cash ow analysis (level 2) or quoted prices (level 1). The fair value is estimated to equal the carrying amount for short-term nancial assets and nancial liabilities due
to limited credit risk and short time to maturity. Refer to Note 1, Accounting principles.