Nokia 2015 Annual Report Download - page 163
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161
Financial statements
NOKIA IN 2015
21. Inventories
EURm 2015 2014
Raw materials, supplies and other 102 228
Work in progress 404 441
Finished goods 508 606
Total 1 014 1 275
The cost of inventories recognized as an expense during the year, included in cost of sales, is EUR 3 132 million (EUR 3 156 million in 2014 and
EUR 2 875 million in 2013).
Movements in allowances for excess and obsolete inventory for the years ended December 31:
EURm 2015 2014 2013
At January 1 204 178 471
Transfer to assets of disposal groups classied as held for sale –– (192)
Charged to income statement 71 107 39
Deductions(1) (80) (81) (140)
At December 31 195 204 178
(1) Deductions include utilization and releases of allowances.
22. Allowances for doubtful accounts
Movements in allowances for doubtful accounts for the years ended December 31:
EURm 2015 2014 2013
At January 1 103 124 248
Transfer to Discontinued operations (7) – –
Transfer to assets of disposal groups classied as held for sale –– (120)
Charged to income statement 13 24 40
Deductions(1) (47) (45) (44)
At December 31 62 103 124
(1) Deductions include utilization and releases of allowances.
23. Prepaid expenses and accrued income
EURm 2015 2014
Social security, VAT and other indirect taxes 258 362
Divestment-related receivables 160 206
Deposits 83 59
Deferred cost of sales 28 30
Accrued revenue 21 2
Prepaid insurances 21 22
Accrued and prepaid interest 17 37
Prepaid rental expenses 15 20
Other 146 175
Total 749 913