Nokia 2015 Annual Report Download - page 188
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186 NOKIA IN 2015
For the year ended December 31 Notes
2015
EURm
2014
EURm
Net sales 2 949 3 141
Cost of sales 3, 4 (8) (2 569)
Gross prot 941 572
Research and development expenses 3, 4 –(538)
Selling, general and administrative expenses 3, 4 (183) (437)
Other income 6 27 27
Other expenses 7(20) (80)
Operating prot/(loss) 765 (456)
Financial income and expenses
Income from long-term investments 842 2 176
Interest and other nancial income 8 33 9
Foreign exchange losses, net (249) (202)
Impairment on investments in subsidiaries and other shares (24) (3 812)
Interest and other nancial expenses 8(166) (145)
Total nancial income and expenses (364) (1 974)
Prot/(loss) before extraordinary items and tax 401 (2 430)
Extraordinary items
Group contributions 9 82 (728)
Gain from sale of shares and businesses 695 8 483
Total extraordinary items 777 7 755
Prot before tax 1 178 5 325
Income tax (expense)/benet 10 (91) 58
Prot for the year 1 087 5 383
The notes are an integral part of these nancial statements.
Parent Company income statement