28. Accrued expenses, deferred revenue and other liabilities
Non-current liabilities
|
EURm |
|
2017 |
|
2016 |
|
Advance payments and deferred revenue(1) |
|
2 204 |
|
1 171 |
|
Discounted non-interest-bearing liabilities(2) |
|
690 |
|
23 |
|
Salaries, wages and social charges |
|
59 |
|
138 |
|
Other |
|
33 |
|
121 |
|
Total |
|
2 986 |
|
1 453 |
Current liabilities
|
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. |
Other accruals include accrued royalties, research and development expenses, marketing expenses and interest expenses, as well as various amounts which are individually insignificant.