Nokia 2008 Annual Report Download - page 135

Certification). NonUS Holders generally are not subject to US information reporting or backup
withholding. However, such Holders may be required to provide certification of nonUS status
(generally on IRS Form W8BEN) in connection with payments received in the United States or through
certain USrelated financial intermediaries. Backup withholding is not an additional tax. Amounts
withheld as backup withholding may be credited against a Holder’s US federal income tax liability,
and the Holder may obtain a refund of any excess amounts withheld under the backup withholding
rules by filing the appropriate claim for refund with the Internal Revenue Service and furnishing any
required information.
10F. Dividends and Paying Agents
Not applicable.
10G. Statement by Experts
Not applicable.
10H. Documents on Display
The documents referred to in this report can be read at the Securities and Exchange Commission’s
public reference facilities at 100 F Street, N.E., Room 1580, Washington, D.C. 20549.
10I. Subsidiary Information
Not applicable.
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
See Note 35 to our consolidated financial statements included in Item 18 of this annual report for
information on market risk.
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES
Not applicable.
PART II
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES
None.
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
None.
ITEM 15. CONTROLS AND PROCEDURES
(a) Disclosure Controls and Procedures. Our President and Chief Executive Officer and our
Executive Vice President, Chief Financial Officer, after evaluating the effectiveness of Nokia’s disclosure
controls and procedures (as defined in US Exchange Act Rule 13a15(e)) as of the end of the period
covered by this annual report, have concluded that, as of such date, Nokia’s disclosure controls and
procedures were effective.
(b) Management’s Annual Report on Internal Control Over Financial Reporting. Our
management is responsible for establishing and maintaining adequate internal control over financial
reporting for the company. Our internal control over financial reporting is designed to provide
reasonable assurance to our management and the Board of Directors regarding the reliability of
financial reporting and the preparation and fair presentation of published financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Therefore, even those systems determined to be effective can provide only reasonable
assurances with respect to financial statement preparation and presentation. Also, projections of any
evaluation of effectiveness to future periods are subject to the risk that controls may become
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