Nokia 2005 Annual Report Download - page 115

Download and view the complete annual report

Please find page 115 of the 2005 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 227

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
7.A Major Shareholders
No persons are known by Nokia to hold currently, or to have held during the past three years,
more than 5% of the voting securities of Nokia Corporation. As far as we know, Nokia is not
directly or indirectly owned or controlled by another corporation or by any government, and
there are no arrangements that may result in a change of control of Nokia.
As at December 31, 2005, 1 265 913 827 ADSs (equivalent to the same number of shares or
approximately 28.55% of the total outstanding shares) were outstanding and held of record by
19 884 registered holders in the United States. We are aware that many ADSs are held of record by
brokers and other nominees, and accordingly the above numbers are not necessarily
representative of the actual number of persons who are beneficial holders of ADSs or the number
of ADSs beneficially held by such persons. Based on information available from Automatic Data
Processing, Inc., or ADP, the number of beneficial owners of ADSs as at December 31, 2005 was
approximately 1.1 million.
As at December 31, 2005, there were approximately 126 352 holders of record of our shares. Of
these holders, around 570 had registered addresses in the United States and held a total of some
2 759 027 of our shares, approximately 0.062% of the total outstanding shares. In addition, certain
accounts of record with registered addresses other than in the United States hold our shares, in
whole or in part, beneficially for United States persons.
7.B Related Party Transactions
There have been no material transactions during the last three fiscal years to which any director,
executive officer or 5% shareholder, or any relative or spouse of any of them, was a party. There
is no significant outstanding indebtedness owed to Nokia by any director, executive officer or 5%
shareholder.
There are no material transactions with enterprises controlling, controlled by or under common
control with Nokia or associates of Nokia.
See Note 34 to our consolidated financial statements included in Item 18 of this annual report on
Form 20-F.
7.C Interests of Experts and Counsel
Not applicable.
ITEM 8. FINANCIAL INFORMATION
8.A Consolidated Statements and Other Financial Information
8.A.1 See Item 18 for our audited consolidated financial statements.
8.A.2 See Item 18 for our audited consolidated financial statements, which cover the last three
financial years.
8.A.3 See page F-1 for the audit report of our accountants, entitled ‘‘Report of Independent
Registered Public Accounting Firm.’’
8.A.4 Not applicable.
8.A.5 Not applicable.
8.A.6 See Note 3 to our audited consolidated financial statements included in Item 18 of this
annual report on Form 20-F for the amount of our export sales.
113