Nokia 2015 Annual Report Download - page 203
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201
Financial statements
NOKIA IN 2015
21. Provisions
EURm 2015 2014
Divestment-related 106 103
Other 13 5
Total 119 108
22. Long-term interest-bearing liabilities
EURm 2015 2014
Bonds 1 946 1 813
Convertible bond –745
Liabilities to Group companies –283
Total 1 946 2 841
EURm
Nominal value
million
Nominal interest
%2015 2014
Bonds
2009–2019 1 000 USD 5.375 941 847
2009–2019 500 EUR 6.750 538 548
2009–2039(1) 500 USD 6.625 467 418
Total 1 946 1 813
Convertible bond(2)
2012–2017 750 EUR 5.000 –745
Total –745
(1) Repayable after 5 years .
(2) The Group has exercised its option to redeem EUR 750 million convertible bonds in November 2015 at their principal amount outstanding plus accrued interest. Virtually all bondholders elected to
convert their convertible bonds into Nokia shares before redemption.
All of these borrowings are senior unsecured and have no nancial covenants.
23. Accrued expenses and deferred revenue
EURm 2015 2014
Divestment-related 63 36
Accrued interest 41 47
Salaries and social expenses 16 11
Taxes 16 (4)
Other accrued liabilities to Group companies 12 41
Other accrued liabilities to other companies 30 23
Total 178 154