Nokia 2007 Annual Report Download - page 148

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Nokia Corporation and Subsidiaries
Consolidated Cash Flow Statements
Notes 2007 2006 2005
Financial Year Ended
December 31
EURm EURm EURm
Cash flow from operating activities
Profit attributable to equity holders of the parent . . . .......................... 7 205 4 306 3 616
Adjustments, total .................................................. 32 1 269 1 857 1 774
Profit attributable to equity holders of the parent before change in net working capital . . 8 474 6 163 5 390
Change in net working capital. ......................................... 32 605 (793) (366)
Cash generated from operations . ......................................... 9 079 5 370 5 024
Interest received ................................................... 362 235 353
Interest paid . . . ................................................... (59) (18) (26)
Other financial income and expenses, net. . . ............................... (43) 54 47
Income taxes paid, net received ........................................ (1 457) (1 163) (1 254)
Net cash from operating activities ...................................... 7 882 4 478 4 144
Cash flow from investing activities
Acquisition of Group companies, net of acquired cash . .......................... 253 (517) (92)
Purchase of current availableforsale investments, liquid assets . . . ................ (4 798) (3 219) (7 277)
Purchase of noncurrent availableforsale investments .......................... (126) (88) (89)
Purchase of shares in associated companies . . ............................... (25) (15) (16)
Additions to capitalized development costs . . . ............................... (157) (127) (153)
Longterm loans made to customers . . . .................................... (261) (11) (56)
Proceeds from repayment and sale of longterm loans receivable . . ................ 163 56 —
Recovery of impaired longterm loans made to customers. . . ..................... —276 —
Proceeds from (+) / payment of () other longterm receivables .................... 5(3) 14
Proceeds from (+) / payment of () shortterm loans receivable .................... (119) 199 182
Capital expenditures .................................................. (715) (650) (607)
Proceeds from disposal of shares in Group companies, net of disposed cash ........... ——5
Proceeds from disposal of shares in associated companies . . ..................... 6118
Proceeds from disposal of businesses . . .................................... ——95
Proceeds from maturities and sale of current availableforsale investments, liquid
assets. . . ........................................................ 4 930 5 058 9 402
Proceeds from sale of current availableforsale investments . ..................... —— 247
Proceeds from sale of noncurrent availableforsale investments . . . ................ 50 17 3
Proceeds from sale of fixed assets ........................................ 72 29 167
Dividends received ................................................... 12 —1
Net cash from (used in) investing activities ................................ (710) 1 006 1 844
F5