Nokia 2010 Annual Report Download - page 216

4. Personnel expenses
2010 2009 2008
EURm EURm EURm
Wages and salaries .............................................. 5 808 5 658 5 615
Sharebased compensation expense ................................. 48 13 67
Pension expenses, net ............................................ 431 427 478
Other social expenses ............................................ 708 649 754
Personnel expenses as per income statement . . . ...................... 6 995 6 747 6 914
Sharebased compensation expense includes pension and other social costs of EUR 1 million in 2010
(EUR 3 million in 2009 and EUR 7 million in 2008) based upon the related employee benefit charge
recognized during the year.
Pension expenses, comprised of multiemployer, insured and defined contribution plans were
EUR 377 million in 2010 (EUR 377 million in 2009 and EUR 394 million in 2008). Expenses related to
defined benefit plans comprise the remainder.
2010 2009 2008
Average personnel
Devices & Services ....................................... 58 642 56 462 57 443
NAVTEQ................................................ 5 020 4 282 3 969
Nokia Siemens Networks .................................. 65 379 62 129 59 965
Group Common Functions ................................. 314 298 346
Nokia Group ............................................ 129 355 123 171 121 723
5. Pensions
The Group operates a number of postretirement plans in various countries. These plans include both
defined contribution and defined benefit schemes.
The Group’s most significant defined benefit pension plans are in Germany and in the UK. The
majority of active employees in Germany participate in the pension scheme Beitragsorientierter
Alterversorgungs Plan (“BAP”), formerly known as Beitragsorientierte Siemens Alterversorgung
(“BSAV”). The funding vehicle for the BAP is the “NSN Pension Trust e.V’’. In Germany, individual
benefits are generally dependent on eligible compensation levels, ranking within the Group and years
of service.
The majority of active employees in Nokia UK participate in a pension scheme which is designed
according to the Scheme Trust Deeds and Rules and is compliant with the Guidelines of the UK
Pension Regulator. The funding vehicle for the pension scheme is Nokia Group (UK) Pension Scheme
Ltd, which is run on a Trust basis. In the UK, individual benefits are generally dependent on eligible
compensation levels and years of service for the defined benefit section of the scheme and on
individual investment choices for the defined contribution section of the scheme.
F28
Notes to the Consolidated Financial Statements (Continued)