Nokia 2013 Annual Report Download - page 45

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Average personnel 2013 2012 2011
NSN 52564 64052 71825
HERE 5 897 6 441 7 187
Advanced Technologies and
Corporate Common Functions 872 1 315 1 844
Nokia Group,
continuing operations 59333 71808 80856
6. PENSIONS
The Group operates a number of post-employment plans in
various countries including both defi ned contribution and
defi ned benefi t schemes. These plans expose the Group to
actuarial risks such as, investment risk, interest rate risk, life
expectancy risk and salary risk. The characteristics and associ-
ated risks of the defi ned benefi t plans vary depending on legal,
fi scal, and economic requirements in each country. These char-
acteristics and risks are further described below relating to the
plans included in the continuing operations of the Group.
Any of the following  disclosures are attributable to the
continuing operations only. Disclosures relating to  and
 comparative annual periods represent the results for
the entire consolidated Group. Accordingly, the current year
results are not directly comparable to the prior periods.
Change in accounting policy
At January , , the Group adopted the Revised IAS  Em-
ployee Benefi ts. Actuarial gains and losses under the revised
standard are required to be recognized immediately and in
full in other comprehensive income and such balances are
excluded permanently from the consolidated income state-
ment. Previously, all actuarial gains and losses were deferred in
accordance with the corridor method.
Calculation of the pension expense has been simplifi ed
under the revised standard and the related impacts to the
Group’s loss presented in the historical comparative consoli-
dated income statements are not material. The main changes
relate to the fully recognized actuarial gains and losses which
impact the relevant net pension assets and liabilities and other
comprehensive income.
The revised IAS  requires retrospective application for all
fi nancial statements presented. The adjustments resulting
from the implementation of the revised standard for the years
ended December ,  and December ,  are present-
ed in the following tables.
January 1, 2011 Nokia Nokia
shareholders’ equity Group Adjust- Group
EURm reported ments adjusted
Total equity 16231 17 16248
Equity attributable to
equity holders of parent 14384 6 14390
Equity attributable to
non-controlling interests 1847 11 1858
For the year ended and as of Nokia Nokia
December31, 2011 Group Adjust- Group
EURm reported ments adjusted
Impact to consolidated
statement of fi nancial position:
Defi ned benefi t
pension assets 106 15 121
Deferred tax assets 1848 5 1853
Defi ned benefi t
pension obligations 176 24 200
Deferred tax liabilities 800 3 803
Total equity 13916 – 7 13909
Equity attributable to
equity holders of parent 11873 — 11873
Equity attributable to
non-controlling interests 2043 – 7 2036
Impact to consolidated income
statement and other
comprehensive income:
Loss – 1488 1 – 1487
Other comprehensive income
Remeasurements on defi ned
benefi t pensions — – 36 – 36
Income taxes related to
components of other
comprehensive Income – 16 12 – 4
For the year ended and as of Nokia Nokia
December31, 2012 Group Adjust- Group
EURm reported ments adjusted
Impact to consolidated
statement of fi nancial position:
Defi ned benefi t pension assets 142 10 152
Deferred tax assets 1254 25 1279
Defi ned benefi t
pension obligations 178 242 420
Deferred tax liabilities 700 1 701
Total equity 9447 – 208 9239
Equity attributable to
equity holders of parent 8061 – 124 7937
Equity attributable to
non-controlling interests 1386 – 84 1302
Impact to consolidated income
statement and other
comprehensive income:
Loss – 3789 3 – 3786
Other comprehensive income
Remeasurements on defi ned
benefi t pensions — – 228 – 228
Income taxes related to
components of other
comprehensive Income 12 22 34