Nokia 2006 Annual Report Download - page 200

Notes to the Consolidated Financial Statements (Continued)
38. Differences between International Financial Reporting Standards and US Generally
Accepted Accounting Principles (Continued)
2006 2005 2004
EURm EURm EURm
Presentation of comprehensive income under US GAAP:
Net income under US GAAP******************************************** 4 275 3 582 3 343
Other comprehensive income (loss):
Foreign currency translation adjustment ****************************** (92) 272 (67)
Additional minimum liability, net of tax of EUR –5 million in 2006 and
EUR 5 million in 2005 ******************************************** 7(8) —
Net gain (losses) on cash flow hedges, net of tax of EUR 61 million in
2006, EUR 43 million in 2005 and EUR 8 million in 2004************** 171 (122) (23)
Net unrealized (losses) gains on securities:
Net unrealized holding (losses) gains during the year, net of tax of
EUR 1 million in 2006, EUR 6 million in 2005 and EUR –2 million in
2004 ********************************************************* (40) (81) 2
Transfer to profit and loss account on impairment ******************* 18 911
Less: Reclassification adjustment on disposal, net of tax of EUR 0 million
in 2006 and 2005 and EUR 10 million in 2004********************* 14 (3) (95)
Other comprehensive income (loss) ************************************ 78 67 (172)
Comprehensive income under US GAAP ********************************* 4 353 3 649 3 171
2006 2005
EURm EURm
Reconciliation of total equity under IFRS to total shareholders’ equity under
US GAAP:
Total equity reported under IFRS ******************************************** 12 060 12 514
Less minority interests *************************************************** (92) (205)
Capital and reserves attributable to equity holders of the parent under IFRS****** 11 968 12 309
US GAAP adjustments:
Pensions (1) ************************************************************* (276) (65)
Development costs******************************************************* (102) (47)
Share issue premium***************************************************** 143 135
Sharebased compensation *********************************************** (143) (135)
Amortization of identifiable intangible assets acquired*********************** (62) (62)
Impairment of identifiable intangible assets acquired************************ (47) (47)
Amortization of goodwill ************************************************* 432 432
Impairment of goodwill ************************************************** 255 255
Translation of goodwill*************************************************** (231) (242)
Other differences ******************************************************** 29 6
Deferred tax effect of US GAAP adjustments********************************* 146 83
Total shareholders’ equity under US GAAP ************************************ 12 112 12 622
(1) The pension adjustment in 2005 consisted of adjustments for pension expense and additional
minimum liability.
F65