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Nokia revamps it Financial Reporting Structure in Advance of the Microsoft Deal

  • Release time:2014-01-20

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  •  Eranet News on January 201th, 2014.Nokia to publish fourth quarter 2013 and full year 2013 results report on January 23,2014 in a new reporting format.

    On January 16th,Nokia announced that it will restructure its financial reporting as its deal with Microsoft nears completion. 

    For the fourth quarter of 2013, Nokia will mark its Devices and Services division as a discontinued business. Setting up its financials to reflect the deal’s potential impact is a good way to prepare investors for future change.

    If you sell off a chunk of your revenue, investors are going to notice when your top line shrinks in the next quarter.

    Friend of TechCrunch Brad Sams this morning published a piece on Neowin that indicated it’s “likely” that the Nokia-Microsoft Great Asset Transfer would take place on January 23. Both companies will report their earnings that day (they have announced in lockstep for some time, so don’t read too much into that), making it a pat date for the news.

    But that only works if the deal is done. And it isn't. Still though, we’ll get a good look at what Nokia will be after the deal closes when it reports its performance. And that’s exciting.

    This source from Internet.

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