Other financial liabilities Other financial liabilities mainly include a 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. The financial liability related to the conditional obligation is measured based on the expected future cash settlement with any changes recorded in financial income and expenses in the consolidated income statement. Other financial liabilities also include derivative liabilities that are discussed separately in the Derivative financial instruments section below. As of December 31 ASSETS Non-current assets Intangible assets Property, plant and equipment Right-of-use assets Non-current financial investments Investments in associated companies and joint ventures Deferred tax assets Other non-current financial assets Defined benefit pension assets Other non-current assets Total non-current assets Current assets Inventories Trade receivables Contract assets Prepaid expenses and accrued income Current income tax assets Other current financial assets Current financial investments Cash and cash equivalents Total current assets Total assets SHAREHOLDERS' EQUITY AND LIABILITIES Capital and reserves attributable to equity holders of the parent Share capital Share issue premium Treasury shares Translation differences Fair value and other reserves Reserve for invested unrestricted equity Accumulated deficit Total capital and reserves attributable to equity holders of the parent Non-controlling interests Long-term interest-bearing liabilities Total equity Non-current liabilities Long-term lease liabilities Deferred tax liabilities Defined benefit pension and post-employment liabilities Contract liabilities Deferred revenue and other long-term liabilities Provisions Total non-current liabilities Current liabilities Short-term interest-bearing liabilities Short-term lease liabilities Other financial liabilities Current income tax liabilities Trade payables Contract liabilities Accrued expenses, deferred revenue and other liabilities Provisions Total current liabilities Total liabilities Total shareholders' equity and liabilities Notes 2020 EURM 2019 EURm 14,17 7 027 7 956 15,17 1 783 1 856 16, 17 805 912 17,34 233 165 24 12 745 740 1 822 5 124 17, 24, 36 306 445 27 5 038 4 830 19 217 292 17 976 22 320 18 2 242 2 936 24, 36 5 503 5 025 7,36 1 080 1 489 19 850 908 12 265 279 24, 25, 36 214 164 24, 36 24, 36 1 121 97 6 940 5 910 18 215 16 808 36 191 39 128 20 246 246 443 (352) 427 (352) 21 (1 295) (372) 21 1910 1 382 15 656 15 607 (4143) (1 613) 12 465 80 15 325 76 12 545 15 401 23, 24, 36 5015 3 985 23 721 12 260 771 390 27 4 046 4 343 7 566 915 24,28 541 712 29 736 556 11 885 11 672 23, 24, 36 561 292 23 189 259 24, 25, 36 738 803 12 188 187 24,36 3 174 3 786 7 2 394 2 752 28 3 721 3 323 29 796 653 11 761 12 055 23 646 23 727 36 191 39 128