NOKIA CORP | CIK:0000924613 | 3

  • Filed: 3/22/2018
  • Entity registrant name: NOKIA CORP (CIK: 0000924613)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/924613/000155837018002320/0001558370-18-002320-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/924613/000155837018002320/nok-20171231.xml
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  • ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory

     

     

     

     

     

    EURm

        

    2017

        

    2016

    Advance payments and deferred revenue(1)

     

    3 513

     

    3 178

    Salaries, wages and social charges

     

    1 551

     

    1 576

    VAT and other indirect taxes

     

    453

     

    362

    Other

     

    1 149

     

    1 296

    Total

     

    6 666

     

    6 412

     

    (1)

    Non-current deferred revenue includes EUR 924 million (EUR 1 080 million in 2016) and current deferred revenue includes EUR 155 million (EUR 155 million in 2016) prepayment relating to a ten-year mutual patent license agreement with Microsoft.

    (2)

    Includes EUR 672 million financial liability related to the conditional obligation to China Huaxin as part of the Nokia Shanghai Bell definitive agreements where China Huaxin obtained the right to fully transfer its ownership interest in Nokia Shanghai Bell to the Group in exchange for a future cash settlement. Refer to Note 33, Significant partly-owned subsidiaries.