Nokia 2004 Annual Report Download - page 171

Download and view the complete annual report

Please find page 171 of the 2004 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 195

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195

Notes to the Consolidated Financial Statements (Continued)
34. Notes to cash flow statement
2004 2003 2002
As restated As restated
EURm EURm EURm
Adjustments for:
Depreciation and amortization (Note 10) .................... 868 1,138 1,311
(Profit)/loss on sale of property, plant and equipment and
available-for-sale investments ........................... 26 170 (92)
Income taxes (Note 12) .................................. 1,435 1,699 1,484
Share of results of associated companies (Note 33) ............ 26 18 19
Minority interest ....................................... 67 54 52
Financial income and expenses (Note 11) ................... (405) (352) (156)
Impairment charges (Note 8) ............................. 129 453 245
Premium return ....................................... (160) ——
Customer financing impairment charges and reversals ......... (226) 279
Other ................................................ (1) 9
Adjustments, total ........................................ 1,986 2,953 3,151
Change in net working capital
(Increase) Decrease in short-term receivables ................ 385 (207)* (16)*
(Increase) Decrease in inventories ......................... (193) (41) 243
Increase in interest-free short-term liabilities ................ 107 54 687
Change in net working capital .............................. 299 (194) 914
Non-cash investing activities
Acquisition of:
Current available-for-sale investments in settlement of customer
loan ............................................... 676 —
Company acquisitions ................................... 18 —
Total ................................................ 694 —
* For items restated see Note 2.
F-46