Nokia 2005 Annual Report Download - page 218
Download and view the complete annual report
Please find page 218 of the 2005 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208 -
209 -
210 -
211 -
212 -
213 -
214 -
215 -
216 -
217 -
218 -
219 -
220 -
221 -
222 -
223 -
224 -
225 -
226 -
227
 |
 |
Notes to the Consolidated Financial Statements (Continued)
39. Differences between International Financial Reporting Standards and US Generally
Accepted Accounting Principles (Continued)
The following table sets forth the changes in the benefit obligation and fair value of plan assets
during the year and the funded status of the significant defined benefit pension plans showing the
amounts that are recognized in the Group’s consolidated balance sheet in accordance with US
GAAP at December 31:
2005 2004
Domestic Foreign Domestic Foreign
plans plans plans plans
EURm EURm
Projected benefit obligation at beginning of year .......... (727) (398) (666) (343)
Foreign exchange ................................... —(3)— (4)
Service cost ........................................ (48) (21) (43) (20)
Interest on projected benefit obligation .................. (36) (22) (37) (20)
Plan participants’ contributions ........................ —(6)— (6)
Past service cost gain ................................ ——(3) —
Actuarial gain (loss) ................................. (91) (52) 13 (14)
Curtailment ........................................ 3———
Benefits paid ....................................... 9799
Projected benefit obligation at end of year ............... (890) (495) (727) (398)
Plan assets at fair value at beginning of year ............. 768 303 683 204
Foreign exchange ................................... —4—4
Actual return on plan assets ........................... 102 40 69 15
Employer contribution ............................... 19 27 25 83
Plan participants’ contributions ........................ —6—6
Transfer from central pool ............................ 24 —
Benefits paid ....................................... (9) (7) (9) (9)
Plan assets at fair value at end of year .................. 904 373 768 303
Excess (deficit) of plan assets over projected benefit
obligation ........................................ 14 (122) 41 (95)
Unrecognized transition obligation ...................... 1— 11
Unrecognized net loss from experience differences ......... 84 66 53 43
Unamortized prior service cost ......................... 30 — 33 —
Net amount recognized ............................... 129 (56) 128 (51)
F-80