Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 44

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 44
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 Provisional                                                                                          
 estimate for the fair value of identifiable net assets acquired and goodwill EUR million             
 28 February 2025 ASSETS Intangible assets 1 111 Property plant and equipment 241 Deferred            
 tax assets 115 Inventories 337 Trade receivables 349 Other assets 207 Cash and cash equivalents      
 78 Provisional estimate for assets acquired 2 438 LIABILITIES Deferred tax liabilities 37            
 Trade payables 230 Contract liabilities 184 Other liabilities 291 Provisional estimate for           
 liabilities assumed 742 Provisional estimate for net identifiable assets acquired 1 696 Provisional  
 goodwill 800 Provisional estimate for net assets acquired 2 496 The purchase price allocation        
 is based on an estimate of the fair value of the assets acquired and liabilities assumed,            
 and is subject to revision when additional analyses are conducted and further information            
 becomes available. The adjustments to the assets acquired and liabilities assumed during             
 the third quarter of 2025 were not material. Provisional goodwill arising from the acquisition       
 of Infinera amounts to EUR 800 million and is primarily attributable to the acquired workforce,      
 as well as anticipated synergies and economies of scale. Goodwill is allocated in its entirety       
 to the Network Infrastructure segment and is expected not to be deductible for income tax            
 purposes. Provisional fair values of identifiable intangible assets acquired Fair value Amortization 
 period EUR million Years Customer relationships 646 12 Technologies 380 3-4 Tradenames and           
 other 84 3-4 Total 1 111 Acquisition-related costs amounted to EUR 41 million of which EUR           
 21 million is recorded in 2025. Acquisition-related costs are presented in selling, general          
 and administrative expenses in the consolidated income statement, and in operating cash flows        
 in the consolidated statement of cash flows. From 28 February to 30 September 2025 the acquired      
 business contributed net sales of EUR 837 million and an operating loss of EUR 193 million           
 to the consolidated income statement. Nokia group net sales and operating profit in the first        
 nine months of 2025 would have been EUR 13 967 million and EUR 287 million, respectively,            
 had the acquisition been completed on 1 January 2025. The information regarding the combined         
 entity’s net sales and operating loss as of the beginning of 2025 is for illustrative                
 purposes only, and is calculated by using the subsidiary’s results for January-February              
 2025 and adjusting them for the impacts of accounting policy alignment