Nokia 2006 Annual Report Download - page 210
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Notes to the Consolidated Financial Statements (Continued)
38. Differences between International Financial Reporting Standards and US Generally
Accepted Accounting Principles (Continued)
2006 2005
Domestic Foreign Domestic Foreign
plans plans plans plans
EURm EURm
Excess (deficit) of plan assets over projected benefit
obligation ******************************************* (46) (122) 14 (122)
Unrecognized transition asset **************************** 1— 1—
Unrecognized net actuarial loss ************************** 146 51 84 66
Unamortized prior service cost *************************** 25 —30 —
126 (71) 129 (56)
Additional minimum liability ***************************** — (1) — (13)
Net amount recognized before adoption of FAS 158 ******** 126 (72) 129 (69)
Adoption of SFAS 158 *********************************** (172) (50)
Net amount recognized after adoption of FAS 158 ********** (46) (122)
The following table presents the amounts in accumulated other comprehensive income that have not
been recognized as components of net periodic pension cost as of December 31, 2006:
2006
EURm
Unrecognized transition asset ********************************************************** 1
Unrecognized net actuarial loss********************************************************* 197
Unamortized prior service cost ********************************************************* 25
Unrecognised amounts in accumulated other comprehensive income *********************** 223
In 2007, the Group expects to recognise amortization of transition asset of EUR 1 million, actuarial
losses of EUR 6 million and amortization of prior service cost of EUR 2 million.
The following table presents the reconciliation of prepaid benefit cost to the net pension asset
(liability) recognized prior to the adoption of FAS 158 as of December 31, 2006.
2006 2005
Domestic Foreign Domestic Foreign
plans plans plans plans
EURm EURm
Prepaid benefit cost************************************* 131 58 129 60
Accrued benefit liability ********************************* (5) (130) — (129)
Accumulated other comprehensive income***************** 1—13
Net amount recognized ********************************* 126 (71) 129 (56)
For plans where the benefit obligation is in excess of the plan assets, the aggregate benefit
obligation is EUR 1 277 million (EUR 251 million in 2005) and the aggregate fair value of plan assets
is EUR 1 099 million (EUR 104 million in 2005). For plans where the accumulated benefit obligation is
in excess of the plan assets, the aggregate pension accumulated benefit obligation is
EUR 239 million (EUR 233 million in 2005) and the aggregate fair value of plan assets is
EUR 114 million (EUR 104 million in 2005).
F75