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Nokia Oyj's quarterly accounts payable increased from Jun. 2013 ($5,763 Mil) to Sep. 2013 ($12,798 Mil) but then declined from Sep. 2013 ($12,798 Mil) to Dec. 2013 ($7,301 Mil).
Nokia Oyj's annual accounts payable declined from Dec. 2011 ($16,751 Mil) to Dec. 2012 ($15,023 Mil) and declined from Dec. 2012 ($15,023 Mil) to Dec. 2013 ($7,301 Mil).
Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Nokia Oyj Annual Data
Nokia Oyj Quarterly Data