Nokia 2005 Annual Report Download - page 192

Notes to the Consolidated Financial Statements (Continued)
34. Related party transactions (Continued)
equity-based awards, expensed by the Group was EUR 8,295,227 in 2005 (EUR 4,763,545 in 2004
and EUR 1,776,736 in 2003).
Board of Directors
The following table depicts the annual remuneration structure paid to the members of our Board
of Directors, as resolved by the Annual General Meetings in the respective years. Since the fiscal
year 1999, approximately 60% of each Board member’s annual fee has been paid in cash, with the
balance in Nokia Corporation shares acquired from the market.
Chairman Vice Chairman Other Members
Gross Gross Gross
annual Shares annual Shares annual Shares
Year fee received(1) fee received(1) fee received(1) Additional annual fees
EUR EUR EUR
2003 .... 150,000 4,032 125,000 3,360 100,000 2,688 Chairman of the Audit
Committee and Personnel
Committee, each EUR 25,000
2004 .... 150,000 4,834 125,000 4,028 100,000 3,223 Chairman of the Audit
Committee and Personnel
Committee, each EUR 25,000
2005 .... 165,000 5,011 137,500 4,175 110,000 3,340 Chairman of the Audit
Committee and Personnel
Committee, each
EUR 25,000;
Each other member of the
Audit Committee,
EUR 10,000
(1) As part of the gross annual fee for that year.
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