Linked by Thom Holwerda on Thu 18th Apr 2013 11:21 UTC
PDAs, Cellphones, Wireless Nokia has posted its quarterly results for the first quarter of 2013, and just like the quarters that came before, there's not a whole lot of good news in there. The rise in Lumia sales still can't even dream of making up for the sales drop in Symbian phones, and when broken down in versions, the sales figures for Windows Phone 8 Lumias in particular are very disappointing. In North America, Nokia is getting slaughtered.
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RE[15]: Ehm
by cdude on Mon 22nd Apr 2013 16:15 UTC in reply to "RE[14]: Ehm"
cdude
Member since:
2008-09-21

non-IFRS

Irrelevant. What counts is the sum at the end and that's a fat $200 million lose. That's the amount of hard money Nokia has lesser on bank now a quarter later.

Reply Parent Score: 2

RE[16]: Ehm
by Nelson on Mon 22nd Apr 2013 17:29 in reply to "RE[15]: Ehm"
Nelson Member since:
2005-11-29

Nokia increased their cash on hand. INCREASED THEIR CASH ON HAND. They ended up with more money this quarter then they had last quarter.

There's a reason you post both profit figures -- non IFRS profits take out the one time charges and inventory allowances that you make as a normal part of the sales processes. It gives you a much better look of the company's health over the long run, beyond one quarter.

So the loss is important if you think Nokia will die next quarter, but since they won't (and remember, according to you, Nokia has only two quarters left to live) then its much smarter to look at the financials by removing single quarter allowances, acquisitions, and divestment done recently.

It also gives insight into how the company is run, where non-IFRS numbers are used to make financial decisions. To you non-IFRS profit is irrelevant, but management in a company can see beyond one time charges and plan accordingly.

Its supplemental information. I'm well aware of Nokia's loss, their non-IFRS numbers just provide context to those numbers by showing that a lot of the loss was non structural.

Again, there's a reason why I've been right in saying that Nokia isn't going to die and you've been wrong.

Reply Parent Score: 2