Nokia 2004 Annual Report Download - page 186

Notes to the Consolidated Financial Statements (Continued)
37. Differences between International Financial Reporting Standards and U.S. Generally
Accepted Accounting Principles (Continued)
Segment information
The accounting policies of the segments are the same as those described in Note 1, Accounting
principles. Nokia accounts for intersegment revenues and transfers as if the revenues or transfers
were to third parties, and therefore at current market prices. Nokia evaluates the performance of
its segments and allocates resources to them based on operating profit.
Under IFRS, segment assets and liabilities of the horizontal groups are allocated to business groups
on a symmetrical basis. Under U.S. GAAP, segment assets and liabilities are reported on the basis of
the internal reporting structure reflecting management reporting.
Assets under U.S. GAAP as at December 31, 2004 for Mobile Phones, Multimedia, Enterprise
Solutions and Networks were EUR 2,192 million (EUR 2,599 million in 2003), EUR 533 million
(EUR 376 million in 2003), EUR 163 million (EUR 110 million in 2003) and EUR 3,055 million
(EUR 4,108 million in 2003), respectively. Liabilities under U.S. GAAP as at December 31, 2004 for
Mobile Phones, Multimedia, Enterprise Solutions and Networks were EUR 2,668 million (EUR 1,742
million in 2003), EUR 701 million (EUR 357 million in 2003), EUR 230 million (EUR 146 million in
2003) and EUR 1,574 million (EUR 1,628 million in 2003), respectively. Assets and liabilities
included in Common Group Functions as at December 31, 2004 were EUR 3,009 million (EUR 2,924
million in 2003) and EUR 1,890 million (EUR 3,334 million in 2003), respectively.
2004 2003
EURm EURm
Long-lived assets by location of assets(1):
Finland ............................................................. 763 807
USA ................................................................ 133 120
China ............................................................... 104 116
Great Britain ......................................................... 143 152
Germany ............................................................ 108 117
Other ............................................................... 283 254
Group .............................................................. 1,534 1,566
2004 2003
EURm EURm
Capital additions to long-lived assets (1):
Mobile Phones ........................................................ 20 23
Multimedia ........................................................... 20 20
Enterprise Solutions .................................................... 88
Networks ............................................................ 89 36
Common Group Functions ............................................... 326 263
Group ............................................................... 463 350
(1) Long-lived assets include property, plant and equipment.
F-61