Nokia 2009 Annual Report Download - page 246

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30. Related party transactions
At December 31, 2009, the Group had borrowings amounting to EUR 69 million (EUR 69 million in
2008 and EUR 69 million in 2007) from Nokia Unterstu
¨tzungskasse GmbH, the Group’s German
pension fund, which is a separate legal entity. The loan bears interest at 6% annum and its duration
is pending until further notice by the loan counterparts who have the right to terminate the loan
with a 90 day notice period.
There were no loans made to the members of the Group Executive Board and Board of Directors at
December 31, 2009, 2008 or 2007.
2009 2008 2007
EURm EURm EURm
Transactions with associated companies
Share of results of associated companies ............................... 30 644
Dividend income .................................................. — 6 12
Share of shareholders’ equity of associated companies .................... 35 21 158
Sales to associated companies........................................ 859 82
Purchases from associated companies.................................. 211 162 125
Receivables from associated companies ................................ 229 61
Liabilities to associated companies .................................... 31 869
Management compensation
The following table sets forth the salary and cash incentive information awarded and paid or payable
by the company to the Chief Executive Officer and President of Nokia Corporation for fiscal years
20072009 as well as the sharebased compensation expense relating to equitybased awards,
expensed by the company.
Base
salary
Cash
incentive
payments
Sharebased
compensation
Expense
Base
salary
Cash
incentive
payments
Sharebased
compensation
expense
Base
salary
Cash
incentive
payments
Sharebased
compensation
expense
2009 2008 2007
EUR EUR EUR EUR EUR EUR EUR EUR EUR
OlliPekka Kallasvuo
President and CEO ................11760001288144 2840777 1144800721733 1286370 10376192348877 4805722
Total remuneration of the Group Executive Board awarded for the fiscal years 20072009 was EUR
10 723 777 in 2009 (EUR 8 859 567 in 2008 and EUR 13 634 791 in 2007), 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 9 668 484 in 2009 (EUR 4 850 204 in 2008 and
EUR 19 837 583 in 2007).
F72
Notes to the Consolidated Financial Statements (Continued)