Nokia 2006 Annual Report Download - page 189

Notes to the Consolidated Financial Statements (Continued)
33. Related party transactions (Continued)
years 20042006 as well as the sharebased compensation expense relating to equitybased awards,
expensed by the company.
2006 2005 2004
Cash Sharebased Cash Sharebased Cash Sharebased
Base incentive compensation Base incentive compensation Base incentive compensation
salary payments expense salary payments expense salary payments expense
EUR EUR EUR EUR EUR EUR EUR EUR EUR
Jorma Ollila ************** 609 524 643 942 6 325 728 1 500 000 3 212 037 3 389 994 1 475 238 1 936 221 2 109 863
Chairman of the Board(1)
OlliPekka Kallasvuo ******* 898 413 664 227 2 108 197 623 524 947 742 666 313 584 000 454 150 394 979
President and CEO(2)
(1) CEO and Chairman until June 1, 2006.
(2) President and CEO as from June 1, 2006; and President and COO October 1, 2005June 1, 2006;
Executive Vice President and General Manager of Mobile Phones January 1, 2004October 1, 2005.
Total remuneration of the Group Executive Board awarded for the fiscal years 20042006 was
EUR 8 574 443 in 2006 (EUR 14 684 602 in 2005 and EUR 13 594 942 in 2004), which consisted of
base salaries and cash incentive payments. Total sharebased compensation expense relating to
equitybased awards, expensed by the company was EUR 15 349 337 in 2006 (EUR 8 295 227 in 2005
and EUR 4 763 545 in 2004).
Board of Directors
The following table sets forth the total annual remuneration paid to the members of our Board of
Directors, as resolved by the Annual General Meetings in the respective years.
2006 2006 2005 2005 2004 2004
Gross Shares Gross Shares Gross Shares
Annual Fee Received Annual Fee Received Annual Fee Received
EUR(1) EUR(1) EUR(1)
Board of Directors
Jorma Ollila(2) **************** 375 000 8 035 165 000 5 011 150 000 4 834
Chairman
Paul J. Collins(3) *************** 162 500 3 481 162 500 4 935 150 000 4 834
Vice Chairman
Georg Ehrnrooth(4) ************ 120 000 2 570 120 000 3 644 100 000 3 223
Daniel R. Hesse(5) ************* 110 000 2 356 110 000 3 340 — —
Dr. Bengt Holmstr¨om(6) ******** 110 000 2 356 110 000 3 340 100 000 3 223
Per Karlsson(7) **************** 135 000 2 892 135 000 4 100 125 000 4 029
Dame Marjorie Scardino(8)****** 110 000 2 356 110 000 3 340 100 000 3 223
Keijo Suila(9)****************** 120 000 2570 —— ——
Vesa Vainio(10) **************** 120 000 2 570 120 000 3 644 100 000 3 223
(11)
(12)
(1) Approximately 60 % of the gross annual fee is paid in cash. Approximately 40 % is paid in Nokia
shares acquired from the market included in the table under ‘‘Shares Received.’’.
(2) This table includes fees paid for Mr. Ollila, Chairman, for his services as Chairman of the Board,
only.
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