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    Nokia Profit and Loss Account 2010

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    Yashwanth Veer
    This document summarizes Nokia's consolidated profit and loss for various periods in 1999 and 1998. It shows that Nokia's net sales increased to EUR 5.04 billion in the third quarter of 1999 from EUR 3.38 billion in the third quarter of 1998. Nokia's operating profit was EUR 951 million in the third quarter of 1999 compared to EUR 687 million in the same period of 1998. The document also provides details on net sales and operating profit by Nokia's business groups and a condensed cash flow statement.

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    Nokia Profit and Loss Account 2010

    Uploaded by

    Yashwanth Veer
    2K views2 pages
    This document summarizes Nokia's consolidated profit and loss for various periods in 1999 and 1998. It shows that Nokia's net sales increased to EUR 5.04 billion in the third quarter of 1999 from EUR 3.38 billion in the third quarter of 1998. Nokia's operating profit was EUR 951 million in the third quarter of 1999 compared to EUR 687 million in the same period of 1998. The document also provides details on net sales and operating profit by Nokia's business groups and a condensed cash flow statement.

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    This document summarizes Nokia's consolidated profit and loss for various periods in 1999 and 1998. It shows that Nokia's net sales increased to EUR 5.04 billion in the third quarter of 1999 from EUR 3.38 billion in the third quarter of 1998. Nokia's operating profit was EUR 951 million in the third quarter of 1999 compared to EUR 687 million in the same period of 1998. The document also provides details on net sales and operating profit by Nokia's business groups and a condensed cash flow statement.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    2K views2 pages

    Nokia Profit and Loss Account 2010

    Uploaded by

    Yashwanth Veer
    This document summarizes Nokia's consolidated profit and loss for various periods in 1999 and 1998. It shows that Nokia's net sales increased to EUR 5.04 billion in the third quarter of 1999 from EUR 3.38 billion in the third quarter of 1998. Nokia's operating profit was EUR 951 million in the third quarter of 1999 compared to EUR 687 million in the same period of 1998. The document also provides details on net sales and operating profit by Nokia's business groups and a condensed cash flow statement.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 2

    CONSOLIDATED PROFIT AND LOSS ACCOUNT, IAS, EUR million

    (unaudited)

    7-9/99 7-9/98 1-9/99 1-9/98 1-12/98

    Net sales 5,037 3,375 13,400 8,974 13,326


    Cost of goods sold -3,165 -2,046 -8,277 -5,559 -8,299
    Research and development expenses -429 -272 -1,176 -787 -1,150
    Selling, general and administrative expenses -477 -365 -1,303 -975 -1,368
    Amortization of goodwill -15 -5 -44 -14 -20

    Operating profit 951 687 2,600 1,639 2,489


    Share of results of associated companies 3 2 -1 5 6
    Financial income and expenses -17 -2 -27 -24 -39

    Profit before tax and minority interests 937 687 2,572 1,620 2,456

    Tax -281 -209 -807 -488 -737


    Minority interests -18 -14 -41 -37 -39

    Profit from continuing operations 638 464 1,724 1,095 1,680


    Cumulative prior year net effect of change in
    accounting policies - - - 70 70

    Net profit 638 464 1,724 1,165 1,750

    Earnings per share, EUR


    Continuing operations
    Basic 0.56 0.41 1.50 0.96 1.48
    Diluted 0.54 0.39 1.46 0.93 1.43

    Net profit
    Basic 0.56 0.41 1.50 1.02 1.54
    Diluted 0.54 0.39 1.46 0.99 1.49

    Average number of shares


    (1 000 shares)
    Basic 1,148,688 1,139,524 1,147,857 1,137,608 1,138,341
    Diluted 1,185,263 1,175,843 1,184,190 1,172,361 1,173,301

    Depreciation and amortization, total 174 131 458 371 509

    Currency rate September 30, 1999, 1 EUR = 1.037 USD, 1 EUR = 5.94573 FIM
    NET SALES BY BUSINESS GROUP, EUR million
    (unaudited)

    7-9/99 7-9/98 1-9/99 1-9/98 1-12/98

    Nokia Networks 1,435 1,040 3,933 2,988 4,390


    Nokia Mobile Phones 3,437 2,179 8,936 5,367 8,070
    Other Operations 191 194 592 748 1,014
    Inter-business group eliminations -26 -38 -61 -129 -148

    Nokia Group 5,037 3,375 13,400 8,974 13,326

    OPERATING PROFIT BY BUSINESS GROUP, EUR million

    7-9/99 7-9/98 1-9/99 1-9/98 1-12/98

    Nokia Networks 248 221 748 677 960


    Nokia Mobile Phones 753 468 2,040 959 1,540
    Other Operations -50 -2 -188 3 -11

    Nokia Group 951 687 2,600 1,639 2,489

    CONDENSED CASH FLOW STATEMENT, IAS, EUR million


    (unaudited)
    1-9/99 1-9/98 1-12/98

    Net cash from operating activities 2,257 1,178 1,687


    Net cash used in investing activities -989 -542 -780
    Net cash used in financing activities -902 -423 -63
    Net increase in cash and cash equivalents 366 213 844
    Cash and cash equivalents at beginning of period 2,966 2,045 2,047
    Cash and cash equivalents at end of period 3,332 2,258 2,891

    Dividends
    Net cash used in financial activities 1-9/99 includes dividends paid EUR 579 million (1-9/98 EUR 369
    million).

    Currency rate September 30, 1999, 1 EUR = 1.037 USD, 1 EUR = 5.94573 FIM

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