Nokia 2006 Annual Report Download - page 78

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5.D Trends information
See ‘‘Item 5.A Operating Results—Overview’’ for information on material trends affecting our
business and results of operations.
5.E OffBalance Sheet Arrangements
There are no material offbalance sheet arrangements that have or are reasonably likely to have a
current or future effect on our financial condition, changes in financial condition, revenues or
expenses, results of operations, liquidity, capital expenditures or capital resources that is material to
investors.
5.F Tabular Disclosure of Contractual Obligations
The following table sets forth our contractual obligations for the periods indicated.
Contractual Obligations Payments Due by Period
2007 20082009 20102011 Thereafter Total
(EUR millions)
Longterm liabilities************************** — — — 192 192
Operating leases***************************** 214 269 111 71 665
Inventory purchases ************************* 1 630 — — — 1 630
Total *************************************** 1 844 269 111 263 2 487
Benefit payments related to the underfunded domestic and foreign defined benefit plan is not
expected to be material in any given period in the future. Therefore, these amounts have not been
included in the table above for any of the years presented.
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
6.A Directors and Senior Management
Pursuant to the provisions of the Finnish Companies Act and our articles of association, the control
and management of Nokia is divided among the shareholders at a general meeting, the Board of
Directors and the Group Executive Board.
Board of Directors
The current members of the Board of Directors were elected at the Annual General Meeting on
March 30, 2006, in accordance with the proposal of the Corporate Governance and Nomination
Committee of the Board of Directors. On the same date, the Chairman and Vice Chairman were
elected by the members of the Board of Directors.
The current members of the Board of Directors are set forth below.
Chairman Jorma Ollila, b. 1950
Chairman of the Board of Directors of Nokia Corporation.
Chairman of the Board of Directors of Royal Dutch Shell Plc.
Board member since 1995. Chairman since 1999
.
Master of Political Science (University of Helsinki), Master of
Science (Econ.) (London School of Economics), Master of
Science (Eng.) (Helsinki University of Technology).
Chairman and CEO, Chairman of the Group Executive Board
of Nokia Corporation 19992006, President and CEO,
Chairman of the Group Executive Board of Nokia Corporation
19921999, President of Nokia Mobile Phones 19901992,
Senior Vice President, Finance of Nokia 19861989. Holder of
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