Nokia 2011 Annual Report Download - page 240

4. Personnel expenses
2011 2010 2009
EURm EURm EURm
Wages and salaries ................................................. 6 284 5 808 5 658
Share-based compensation expense, total .............................. 18 48 13
Pension expenses, net ............................................... 445 431 427
Other social expenses ............................................... 787 708 649
Personnel expenses as per income statement ........................... 7534 6 995 6 747
Share-based compensation expense includes pension and other social costs of EUR 0 million in 2011
(EUR 1 million in 2010 and EUR -3 million in 2009) based on the related employee benefit charge
recognized during the year.
Pension expenses, comprised of multi-employer, insured and defined contribution plans were
EUR 396 million in 2011 (EUR 377 million in 2010 and EUR 377 million in 2009). The remainder
consists of expenses related to defined benefit plans.
Average personnel
2011 2010 2009
Devices & Services .................. 54 850 56 896 54 987
Location & Commerce ............... 7 187 6 766 5 757
Nokia Siemens Networks ............. 71 825 65 379 62 129
Group Common Functions ............ 309 314 298
Nokia Group ....................... 134 171 129 355 123 171
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 BAP (Beitragsorientierter
Alterversorgungs Plan), 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.
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