Nokia 2009 Annual Report Download - page 114

5D. Trends Information
See Item 5.A “Operating Results — Principal Factors and Trends Affecting our Results of Operations”
for information on material trends affecting our business and results of operations.
5E. 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.
5F. Tabular Disclosure of Contractual Obligations
The following table sets forth our contractual obligations for the periods indicated as at December 31,
2009.
Contractual Obligations Payments Due by Period
2010 20112012 20132014 Thereafter Total
(EUR millions)
Longterm liabilities ....................... 44 108 2531 1859 4542
Operating leases .......................... 348 434 230 210 1222
Inventory purchases ....................... 2352 351 62 — 2765
Total ................................... 2744 893 2823 2069 8529
Benefit payments related to the underfunded defined benefit plans are 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
6A. 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 (or the “Board”), the President and the Group Executive Board chaired by the Chief Executive
Officer.
Board of Directors
The current members of the Board of Directors were elected at the Annual General Meeting on
April 23, 2009, based on the proposal of the Corporate Governance and Nomination Committee of the
Board of Directors. On the same date, the Chairman and Vice Chairman of the Board of Directors, as
well as the Chairmen and members of the committees of the Board, were elected among the Board
members and among the independent directors of the Board, respectively.
The members of the Board of Directors are annually elected by a simple majority of the shareholders’
votes represented at the Annual General Meeting for a oneyear term ending at close of the next
Annual General Meeting.
The current members of the Board of Directors and its committees 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
.
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