Nokia 2006 Annual Report Download - page 160

Notes to the Consolidated Financial Statements (Continued)
2. Segment information (Continued)
Segment assets by geographic area 2006 2005
EURm EURm
Finland ******************************************************** 4 165 3 619
China ********************************************************* 1 257 1 120
USA *********************************************************** 1 270 1 437
India********************************************************** 618 416
Great Britain *************************************************** 523 437
Germany ****************************************************** 615 390
Other ********************************************************* 3 456 3 031
Total ********************************************************** 11 904 10 450
Capital expenditures by market area 2006 2005 2004
EURm EURm EURm
Finland ******************************************************** 275 259 216
China ********************************************************* 125 93 57
USA *********************************************************** 63 74 80
India********************************************************** 65 31 3
Great Britain *************************************************** 11 12 5
Germany ****************************************************** 23 26 20
Other ********************************************************* 88 112 167
Total(1) ******************************************************** 650 607 548
(1) Including goodwill and capitalized development costs, capital expenditures amount to
EUR 1 240 million in 2006 (EUR 760 million in 2005 and EUR 649 million in 2004). The goodwill
and capitalized development costs in 2006 consist of EUR 268 million in USA (EUR 0 million in USA
in 2005 and EUR 0 million in USA in 2004) and EUR 321 million in other areas (EUR 153 million in
2005 and EUR 101 million in 2004).
3. Percentage of completion
Contract sales recognized under the costtocost method of percentage of completion accounting
were EUR 6 308 million in 2006 (EUR 5 520 million in 2005 and EUR 5 197 million in 2004).
Advances received related to construction contracts, included in prepaid income under accrued
expenses, were EUR 220 million at December 31, 2006 (EUR 148 million in 2005 and EUR 185 million
in 2004). Contract revenues recorded prior to billings, included in accounts receivable, were
EUR 371 million at December 31, 2006 (EUR 0 million in 2005 and EUR 80 million in 2004).
The aggregate amount of costs incurred and recognized profits (net of recognized losses) under
construction contracts in progress since inception was EUR 6 705 million at December 31, 2006
(EUR 7 309 million at December 31, 2005).
Retentions related to construction contracts included in accounts receivable, were EUR 131 million at
December 31, 2006 (EUR 193 million at December 31, 2005).
Application of the percentage of completion method based on a zero profit margin was not material
for all periods presented.
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