- •Individual work on:
- •Part 1. Enterprise information a summary of the activities of Nokia in the world
- •1.2 International presence
- •Sales structure of Nokia corporation
- •Part 2. Analysis of financial statements nokia corporation
- •2.1. Liquidity ratios
- •2.2. Turnover ratio
- •2.3. Rate of return
- •2.4. Long-term ratio of solvency
- •List of references
- •Applications
List of references
ROBERTSON J. Auditing / Jack C. Robertson, Timothy J. Louwers // McGraw-Hill. –Irwin, 1999. – 814 p.
Bernstein L. Financial Statement Analysis. Theory, Application, and Interpretation / Leonard Bernstein// Finance and Statistics. –2003. – 622 p.
Voronko R.M. Registered in foreign countries/ Magnolia-2006. – Lviv, 2009. – 744 p.
Nokia Corporation [e-resource]. Balance Sheet – Access mode: http://www.nokia.com/global/about-nokia/investors/financials/reports/results---reports/
Nokia Corporation Cash Flow [e-resource]. – Access mode: http://www.nokia.com/global/about-nokia/cashflow
Wikipedia [e-resource]. – Access mode: http://ru.wikipedia.org/wiki/Nokia
Applications
CONSOLIDATED STATEMENT OF FINANCIAL POSITION, IFRS, EUR million |
||
(31.12.2010 unaudited, 31.12.2009 audited) |
|
|
ASSETS |
31.12.2010* |
31.12.2009 |
Non-current assets |
|
|
Capitalized development costs |
40 |
143 |
Goodwill |
5 723 |
5 171 |
Other intangible assets |
1 928 |
2 762 |
Property, plant and equipment |
1 954 |
1 867 |
Investments in associated companies |
136 |
69 |
Available-for-sale investments |
533 |
554 |
Deferred tax assets |
1 596 |
1 507 |
Long-term loans receivable |
64 |
46 |
Other non-current assets |
4 |
6 |
|
11 978 |
12 125 |
Current assets |
|
|
Inventories |
2 523 |
1 865 |
Accounts receivable |
7 570 |
7 981 |
Prepaid expenses and accrued income |
4 360 |
4 551 |
Current portion of long-term loans receivable |
39 |
14 |
Other financial assets |
378 |
329 |
Investments at fair value through profit and loss, liquid assets |
911 |
580 |
Available-for-sale investments, liquid assets |
3 772 |
2 367 |
Available-for-sale investments, cash equivalents |
5 641 |
4 784 |
Bank and cash |
1 951 |
1 142 |
|
27 145 |
23 613 |
Total assets |
39 123 |
35 738 |
|
|
|
SHAREHOLDERS' EQUITY AND LIABILITIES |
|
|
Capital and reserves attributable to equity holders of the parent |
|
|
Share capital |
246 |
246 |
Share issue premium |
312 |
279 |
Treasury shares |
-663 |
-681 |
Translation differences |
825 |
-127 |
Fair value and other reserves |
3 |
69 |
Reserve for invested non-restricted equity |
3 161 |
3 170 |
Retained earnings |
10 500 |
10 132 |
|
14 384 |
13 088 |
Minority interests |
1 847 |
1 661 |
Total equity |
16 231 |
14 749 |
|
|
|
Non-current liabilities |
|
|
Long-term interest-bearing liabilities |
4 242 |
4 432 |
Deferred tax liabilities |
1 022 |
1 303 |
Other long-term liabilities |
88 |
66 |
|
5 352 |
5 801 |
Current liabilities |
|
|
Current portion of long-term loans |
116 |
44 |
Short-term borrowing |
921 |
727 |
Other financial liabilities |
447 |
245 |
Accounts payable |
6 101 |
4 950 |
Accrued expenses |
7 365 |
6 504 |
Provisions |
2 590 |
2 718 |
|
17 540 |
15 188 |
Total shareholders' equity and liabilities |
39 123 |
35 738 |
Interest-bearing liabilities |
5 279 |
5 203 |
Shareholders' equity per share, EUR |
3,88 |
3,53 |
Number of shares (1 000 shares) 1) |
3 709 130 |
3 708 262 |
1) Shares owned by Group companies are excluded. |
|
|
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION, IFRS, EUR million (unaudited) |
|||
|
|
|
|
ASSETS |
30.09.2011 |
30.09.2010 |
31.12.2010 |
Non-current assets |
|
|
|
Capitalized development costs |
13 |
60 |
40 |
Goodwill |
5 778 |
5 561 |
5 723 |
Other intangible assets |
1 567 |
2 191 |
1 928 |
Property, plant and equipment |
1 884 |
1 934 |
1 954 |
Investments in associated companies |
72 |
125 |
136 |
Available-for-sale investments |
606 |
590 |
533 |
Deferred tax assets |
1 863 |
1 566 |
1 596 |
Long-term loans receivable |
83 |
76 |
64 |
Other non-current assets |
3 |
6 |
4 |
|
11 869 |
12 109 |
11 978 |
Current assets |
|
|
|
Inventories |
2 500 |
2 593 |
2 523 |
Accounts receivable |
6 749 |
7 117 |
7 570 |
Prepaid expenses and accrued income |
4 284 |
4 745 |
4 360 |
Current portion of long-term loans receivable |
46 |
29 |
39 |
Other financial assets |
347 |
428 |
378 |
Investments at fair value through profit and loss, liquid assets |
438 |
1 058 |
911 |
Available-for-sale investments, liquid assets |
1 945 |
3 720 |
3 772 |
Available-for-sale investments, cash equivalents |
6 695 |
3 622 |
5 641 |
Bank and cash |
1 731 |
1 835 |
1 951 |
|
24 735 |
25 147 |
27 145 |
Total assets |
36 604 |
37 256 |
39 123 |
|
|
|
|
SHAREHOLDERS' EQUITY AND LIABILITIES |
|
|
|
Capital and reserves attributable to equity holders of the parent |
|
|
|
Share capital |
246 |
246 |
246 |
Share issue premium |
355 |
299 |
312 |
Treasury shares |
-646 |
-667 |
-663 |
Translation differences |
506 |
684 |
825 |
Fair value and other reserves |
100 |
-45 |
3 |
Reserve for invested non-restricted equity |
3 150 |
3 163 |
3 161 |
Retained earnings |
8 937 |
9 842 |
10 500 |
|
12 648 |
13 522 |
14 384 |
Non-controlling interests |
2 042 |
1 587 |
1 847 |
Total equity |
14 690 |
15 109 |
16 231 |
|
|
|
|
Non-current liabilities |
|
|
|
Long-term interest-bearing liabilities |
4 178 |
4 304 |
4 242 |
Deferred tax liabilities |
844 |
1 096 |
1 022 |
Other long-term liabilities |
74 |
95 |
88 |
|
5 096 |
5 495 |
5 352 |
Current liabilities |
|
|
|
Current portion of long-term loans |
164 |
14 |
116 |
Short-term borrowing |
1 400 |
1 542 |
921 |
Other financial liabilities |
316 |
295 |
447 |
Accounts payable |
5 091 |
5 703 |
6 101 |
Accrued expenses |
7 307 |
6 634 |
7 365 |
Provisions |
2 540 |
2 464 |
2 590 |
|
16 818 |
16 652 |
17 540 |
Total shareholders' equity and liabilities |
36 604 |
37 256 |
39 123 |
Interest-bearing liabilities |
5 742 |
5 860 |
5 279 |
Shareholders' equity per share, EUR |
3,41 |
3,65 |
3,88 |
Number of shares (1 000 shares) 1) |
3 710 076 |
3 708 924 |
3 709 130 |
1) Shares owned by Group companies are excluded. |
|
|
|