Nokia 2005 Annual Report Download - page 4

TABLE OF CONTENTS
Page
INTRODUCTION AND USE OF CERTAIN TERMS ........................................ 4
FORWARD-LOOKING STATEMENTS ................................................ 4
PART I
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS ............ 7
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE ......................... 7
ITEM 3. KEY INFORMATION ............................................... 7
3.A Selected Financial Data ........................................... 7
3.B Capitalization and Indebtedness .................................... 12
3.C Reasons for the Offer and Use of Proceeds ............................ 12
3.D Risk Factors .................................................... 12
ITEM 4. INFORMATION ON THE COMPANY .................................... 23
4.A History and Development of the Company ............................ 23
4.B Business Overview ............................................... 24
4.C Organizational Structure .......................................... 42
4.D Property, Plants and Equipment .................................... 43
ITEM 4A. UNRESOLVED STAFF COMMENTS ..................................... 43
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS ................... 44
5.A Operating Results ............................................... 44
5.B Liquidity and Capital Resources .................................... 72
5.C Research and Development, Patents and Licenses ...................... 75
5.D Trends ........................................................ 76
5.E Off-Balance Sheet Arrangements .................................... 76
5.F Tabular Disclosure of Contractual Obligations ......................... 76
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES ..................... 78
6.A Directors and Senior Management .................................. 78
6.B Compensation .................................................. 88
6.C Board Practices ................................................. 99
6.D Employees ..................................................... 102
6.E Share Ownership ................................................ 103
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS .............. 113
7.A Major Shareholders .............................................. 113
7.B Related Party Transactions ........................................ 113
7.C Interests of Experts and Counsel .................................... 113
ITEM 8. FINANCIAL INFORMATION ......................................... 113
8.A Consolidated Statements and Other Financial Information ............... 113
8.B Significant Changes .............................................. 116
ITEM 9. THE OFFER AND LISTING .......................................... 116
9.A Offer and Listing Details .......................................... 116
9.B Plan of Distribution .............................................. 117
9.C Markets ....................................................... 117
9.D Selling Shareholders ............................................. 117
9.E Dilution ....................................................... 117
9.F Expenses of the Issue ............................................ 117
ITEM 10. ADDITIONAL INFORMATION ........................................ 118
10.A Share Capital ................................................... 118
10.B Memorandum and Articles of Association ............................ 118
10.C Material Contracts ............................................... 120
2