Filter
Top Products
204
Other income (ex
p
ense)
—
n
et:
2003 2002 2001
Royalties
(a)
—net (4,479) 16,559 29,888
Other — net 6,494 6,479 24,110
Other income (expenses) — net 2,015 23,038 53,998
(a) Certain affiliated entities pay royalty fees to Nortel Networks S.A. on their total Global System for Mobile communications (“GSM”) technology sales (4 percent of
total GSM sales in 2003, 5 percent in 2002, and 10 percent in 2001). Nortel Networks France pays 7 percent of its revenue to affiliated entities.
Consolidated balance sheets
A
ccounts receivable
—
n
et:
2003 2002
Total receivables 77,924 78,013
Contracts in process 35,487 5,942
Accounts receivable — net 113,411 83,955
I
nventories
—
n
et:
2003 2002
Raw materials 11,628 21,801
Work in
p
rocess 42,244 43,122
Finished goods 12,325 15,147
Inventories — net
(a)
66,197 80,070
(a) Net of inventory provisions of 41,064 and 31,638 as of December 31, 2003 and 2002, respectively. Included in trade and other accounts payable are accruals of
12,941 as of December 31, 2003 for cancellation charges, for inventory in excess of future demand and for the settlement of certain other claims relatedtocontract
manufacturers or suppliers.
Other current assets:
2003 2002
Employee receivables 1,196 1,047
Put option
(a)
– 77,500
Prepaid rent and other 8,654 15,250
Other receivables 7,619 12,567
Other current assets 17,469 106,364
(a) The put option was exercised on July 1, 2003 (see note 9).